Author: Dave Antrobus

Christian Dior’s UK division has experienced a slight dip in profit, despite the company’s continued resilience amidst economic challenges. The luxury brand reported a revenue decrease alongside a notable profit reduction, reflecting the impact of broader economic volatility on consumer behaviour.Christian Dior’s UK arm reported a revenue of £332.4 million for the fiscal year, a slight decrease from the previous year’s £334.8 million. Pre-tax profit saw a more significant drop, from £60 million to £46.6 million. These figures highlight the challenges posed by the UK’s economic slowdown and its effect on the luxury market.The decline in profits was largely attributed…

Rockcity is set to expand its horizons with a significant new manufacturing facility in Hull. The facility will not only bolster local industry but also enhance Rockcity’s role in the global climbing arena.This strategic move coincides with Rockcity’s involvement in the Paris Olympics, showcasing its expertise and growing influence. It marks a new chapter in its 30-year history, blending local roots with international ambitions.Rockcity’s Olympic EndeavourThe Hull-based climbing centre, Rockcity, is poised for a significant milestone as it prepares to supply 600 unique holds for the upcoming Paris Olympic Games. This selection underscores the brand’s growing influence and expertise on…

The Financial Conduct Authority (FCA) has implemented new regulations compelling banks to assess community cash access before closing branches. These rules come into effect in response to concerns regarding vulnerable consumers losing payment access.Effective from 18 September, banks are mandated to evaluate the impact of branch or ATM closures on community cash access. If significant gaps are discovered, banks must implement alternatives like banking hubs or Post Office services.New Mandates for BanksThe Financial Conduct Authority (FCA) has introduced a significant policy change requiring UK banks and building societies to thoroughly assess the availability of cash for residents before deciding on…

Transcend Packaging, a leading sustainable packaging company, has secured a significant equity investment from the Cardiff Capital Region’s Innovation Investment Capital fund. This move underscores the company’s strategic growth plans and its commitment to sustainability.The Cardiff Capital Region’s Innovation Investment Capital (IIC) fund, managed by Capricorn Fund Managers, has provided a vital investment into Transcend Packaging. This investment round also saw participation from ITOCHU Corporation, a major player in Japan. Although the exact amount remains undisclosed, the investment awards both parties minority stakes, while maintaining a 60% ownership with management and initial investors.Transcend has already made headlines by pioneering the…

A groundbreaking investment of £2 million has been secured by South Yorkshire tech firm, FinLegal. This pivotal funding is set to double its workforce and enhance its global presence.The investment is the first from the Northern Powerhouse Investment Fund II in South Yorkshire, showcasing a significant commitment to regional tech development. FinLegal plans to use this investment to expand its international client base and create 26 new jobs.Strategic Investment for ExpansionThe recent investment in FinLegal marks a major milestone for the Sheffield-based technology firm. This deal is significant as it represents the first allocation from the £660 million Northern Powerhouse…

Birmingham has secured the prestigious task of hosting the 2027 Invictus Games, a celebrated sporting event for veterans founded by Prince Harry.With a £26 million bid supported by the UK government, Birmingham will showcase a diverse array of sports at the National Exhibition Centre in July 2027, marking the games’ return to UK soil since its inception in 2014.The team behind Birmingham’s successful bid for the 2027 Invictus Games aims to create an event that is both unique and memorable. This victory came as Birmingham outbid Washington DC, with significant backing from the UK government. The National Exhibition Centre (NEC)…

The MPA Inspiration Awards 2024 shortlists have been announced, spotlighting Manchester’s vibrant media, digital, and creative sectors.These prestigious awards recognise excellence and innovation, celebrating the diverse talent across the region.Recognising the Best of Manchester’s Creative SceneThe MPA Inspiration Awards are a prestigious event designed to highlight the most impressive work in the media, digital, and creative sectors of Greater Manchester. Now marking its twelfth edition, the awards celebrate both established as well as emerging talent. This year’s shortlist was curated with rigorous attention to detail, reflecting the high standards and innovative outputs of the region’s industry.Judges’ Impressions of the EntriesThe…

Bristol Myers Squibb’s latest facility in Moreton, Wirral marks a significant step in its construction process. The complex, reaching its highest structural point, is poised to become a hub for pharmaceutical advancements.Spanning 37,000 square feet, this facility will feature open-plan offices and state-of-the-art laboratories, accommodating up to 200 employees. It is designed to enhance the site’s innovation capabilities while achieving BREEAM ‘outstanding’ accreditation for sustainability.The construction of this advanced drug development site in Moreton is proceeding under the expertise of Eric Wright Construction. With the structure now at its peak, important components such as roof installations are actively underway. This…

Rolls-Royce Motor Cars has announced a remarkable increase in revenue, reaching nearly £1bn for the year 2023, driven by rising global demand for luxury vehicles.In a significant boost for the company, the latest financial figures show a substantial revenue increase from £887.8m in the previous year. The Hampshire-based company saw remarkable growth due to its comprehensive commitment to quality and innovation in luxury cars.Rolls-Royce Motor Cars reported a record-breaking revenue of £984.2 million for 2023. This substantial rise is largely attributed to the persistent global demand for luxury, bespoke vehicles. Owned by BMW, the British car manufacturer also achieved a…

Cornwall Airport Newquay has recently experienced a noticeable increase in passenger traffic, coinciding with the release of its summer flight schedule.This growth is attributed to the addition of new airlines and enhanced services, making the airport a central transport hub in the South West.The burgeoning passenger numbers and expanded services underscore Cornwall Airport’s strategic growth trajectory. The introduction of new routes and services has significantly broadened its reach and attractiveness.With an eye on future expansions, Cornwall Airport is keen on establishing new partnerships and routes, ensuring it remains a pivotal transport hub within the region.These strategies align with broader goals…