Sluggish growth predicted for East Midlands economy as UK emerges from recession in mid-2023
M&E firm solidifies Nottingham presence
Over 5,000 items donated as part of 200 Degrees’ Swap Shop initiative
Enrok Construction appoints new project manager
Nottingham councillors agree £29m of saving proposals, with 110 jobs cut
- Changes to adult social care, including more independent living support instead of residential or nursing care
- Reviewing fees and charges for parking, cremation and burials, leisure centres and cafes
- Reviewing grants to community groups, community centres and cultural organisations
- Withdrawing the Shopmobility service at the Victoria Centre
- Stopping collection of household bins put out on the wrong day
- Short-term mothballing of two floors of Loxley House pending the review of options for the council’s offices and depots
- Increasing tariffs for EnviroEnergy customers.
Aggregate Industries appointed to £1.3bn national roads delivery framework
Wearable system allowing engineers to ‘see’ with their hands trialled for aerospace industry use in Nottingham
2023 Business Predictions: Tracy Harrison, CEO, Safe and Sound
Making promotional videos on a phone costs A LOT more than you think
East Midlands business confidence hits 10-month high
LDC’s East Midlands team leads investment in water specialist Stonbury
LDC was advised by FRP (Corporate Finance and Debt Advisory), Browne Jacobson (Legal), KPMG (FDD) and Armstrong (CDD).
SourceBio International set to go private
Landscape architecture practice closes the year with 25% growth
How outsourcing can benefit any business
East Midlands businesses continue to buckle under strain of economic turmoil
Construction consultants donate more than 100 Christmas hampers to food bank
Government cash boost towards cutting-edge training centre for green skills
2023 Business Predictions: Scott Norville, Managing Director of Silverstone Leasing
Manufacturing output volumes fall at fastest pace in over two years while selling price inflation remains high
- Manufacturing output volumes fell in the three months to December (weighted balance of -9%, from +18% in the three months to November), and at the fastest pace since September 2020. Output is expected to fall at a similar pace in the three months to March (-10%).
- Output fell in 11 out of 17 sectors in the three months to December. The decrease in overall output reported this quarter was driven by the food, drink & tobacco; paper, printing & media; and mechanical engineering sectors.
- Total order books were reported as below “normal” in December, to a similar extent as in November (-6% from -5%). However, the balance remains above the long-run average (-13%). Export order books were also seen as below normal and to a greater extent than last month (-19% from -7%). This was broadly in line with the long-run average (-18%).
- Average selling price inflation is expected to accelerate slightly in the next three months (+52%, from +47%). Although expectations for selling price inflation were comfortably below the multi-decade high seen earlier in the year (+80% in March), they remained well above the long-run average (+6%).
- Stocks of finished goods were seen as adequate in December, with the balance rising slightly compared to November (+7% from +5%).