Hundreds of UK businesses have slashed millions from their investment plans amid turbulence in the UK economy, according to a new survey by Together. Business leaders heading up 300 small and medium enterprises (SMEs) said they had invested an average of £565,000, substantially less than the planned investment of £710,000 over the past 12 months. Instead, SME bosses appear to be “deeply concerned about the day-to-day running of their companies,” amid ongoing economic pressures, according to a Together spokesperson. The survey findings highlight that the main factors having an impact on businesses are the cost of fuel (37%), input price…
Author: News Team
LEADING housebuilder, Lovell Homes, has launched the second phase of its development in the market town of Louth. When complete, phase two of Tennyson Fields will offer 141 two-, three- and four-bedroom high-specification homes. Prices for a two-bedroom house start at £188,500 and are suitable for a wide variety of prospective homeowners. Phase one of Tennyson Fields consisted of 100 two-, three- and four-bedroom homes – all plots are sold and completed since 2021. Robert Adams, regional managing director at Lovell, said: “The first phase of Tennyson Fields proved to be incredibly popular, with houses selling at record speed, which…
Nature4Climate, along with climate investment platform, Capital for Climate, have today released a new landscape analysis report of the nature tech market in order to bring attention and finance to this burgeoning sector. The report, The Nature Tech Market: Necessary, Emergent, Dynamic, comes as businesses search for investable, profitable and high-integrity solutions to help them meet climate and nature targets and the UN calls for transparency, accountability, high-integrity and a focus on nature and people in the transition to net zero. Nature tech encompasses any technology that can be applied to enable, accelerate, and scale-up nature-based solutions (NbS). The current nature tech market…
Temu, an up-and-comer e-commerce company, launched in September 2022 and quickly gained the adoration of discerning consumers. As part of PDD Holdings, Temu connects world-class merchants and their high-quality products to retail buyers, with a seamless logistics and supply chain process in a global network. What is Temu, and how is the brand related to multinational conglomerate PDD Holdings? How did Temu get so much attention as a leader in the e-commerce industry? Temu – Low-Key Beginnings, Excellent Vision Temu is a rising star in the e-commerce niche, having gained the attention of US consumers with its competitive pricing and…
As the cost of food prices rises, more people are shopping around to get the best deal on their groceries. Many UK supermarkets offer loyalty schemes to entice customers, from Sainsbury’s Nectar card to M&S’ Sparks card offering – but which actually provide shoppers with the most competitive benefits? The financial experts at Moneyboat.co.uk sought to find out which UK supermarkets offer their customers the best reward schemes, and which offer the least benefits. The team created an index by gathering information on various aspects provided by each scheme, such as joining fees, exclusive discounts, free delivery, personalised offers, coupons…
Combining guaranteed income with flexible drawdown income in a saver’s retirement plan may be the best option. Some things are great on their own, but many are better when combined. Recent FCA Retirement Income market data covering the year from April 2021 to March 2022, showed an uptick in lifetime guaranteed income (annuity) purchases by 13% to around 68,500 purchases. We expect this to rise as interest rates increase and costs look more favourable. However, we also expect more and more people to consider at least some purchase of guaranteed income in their overall retirement plan. Why do we think…
EcoVadis has awarded Sumitomo (SHI) Demag its bronze medal in recognition of its sustainability achievements. Achieving a score of 54 points, the company narrowly missed out on the silver medal, which required 56 points. Providing CEO Gerd Liebig with both confirmation that its sustainability strategy is robust, but equally giving future motivation. Mr Liebig comments: “Sustainability in our mind is a corporate strategy and lived practice – for our products, for our production, but also with regard to being a responsible employer. Achieving the EcoVadis bronze medal shows that we are on the right track, but at the same time…
His Majesty’s Lord Lieutenant was given a warm welcome by Waterman’s staff at their Rotherham headquarters today to celebrate being presented a Queens Award. Dame Hilary presented the award to Gail and Matt Waterman. The company’s award for International Trade was won in April 2022. The Queen’s Award is the highest UK business award to achieve for any business. To mark this fantastic achievement the team held a celebratory event where they were presented with the queens award and had an official stroll by the King’s representative Lord Lieutenant Dame Hilary. For the team of 10 based in Yorkshire, it…
A new report published today by a cross-party group of MPs has called on the Government to give the UK’s financial services sector a much greater role in delivering its levelling up agenda. The report, which will be launched at a dinner in Manchester for senior industry figures from across the North of England, has been produced by Public First for the All-Party Parliamentary Group for Financial Markets and Services, a cross-party group of Parliamentarians with an interest in the industry. It highlights that despite the financial services sector being one of the UK’s largest employers and contributing around ten…
Anxious Brits who are worried about Christmas spending costs are being advised to start shopping early to make the most of early Black Friday sales this November. The frugal team at NetVoucherCodes.co.uk have revealed 10 top tips for shoppers to follow in the Black Friday sales event to help them grab the best deals and spare the extra cash. With the biggest sales event of the year soon approaching, shoppers are being advised to browse carefully and plan early to secure the best bargains available. As the cost-of-living crisis deepens this winter, a large number of retailers have launched special…
