Archive for 'Business Development' Category
Homebuilder Bovis predicts increased profits
The Homebuilder Bovis is predicting an increase in profits for 2012.UK housebuilder Bovis says it expects a significant increase in profit for 2011, following strong earnings growth. The Kent based group expects to record profits of about £31 million for last year, up 68% on 2010. The firm also expects to report an 8% increase [...]
Next sales grow as online business outperforms
Next has reported that its autumn and pre-Christmas sales grew after buoyant online business trading.Total sales at the clothes retailer between 1 August and 24 December rose 3.1% compared with a year earlier, ignoring the effect of rising VAT. However it’s Next Directory sales grew by 16.9%. But its High Street business, which sees some [...]
Luxury carmaker Bentley sees sales rise 37% in 2011
Luxury carmaker Bentley has reported a 37% rise in sales in 2011, claiming global demand has returned to pre-recession levels.The Crewe-based firm sold 7,003 cars, whose prices start at £133,000, in the year to December 31. The US continues to be Bentley’s number one market with 2,021 cars sold in 2011, an increase of 32%. [...]
Gin is the new tonic for business growth
A new generation of boutique gin distilleries – some in residential homes – is driving a British gin revival. London is in the midst of a craft distilling revival. New microdistilleries can be found in residential houses – such as Sacred Spirits, based in London’s sedate Highgate. And they’re tucked away in terraces – such [...]
Big Society projects get £3.1 million boost
Four Big Society projects are to get £3.1 milion in funding from dormant bank accounts, the government has announced.The cash will be used to help the long term unemployed set up business, vulnerable youngsters find jobs, a community energy project and fund the first social business stock exchange. In total, about £400 million in unused [...]
UK car production up for sixth month in November
Car production in the UK rose for the sixth straight month in November according to the Society of Motor Manufacturers and Traders (SMMT).A total of 136,111 cars were made last month, up 8.5% from the same point last year. UK engine production rose by 1.7% in November. “UK vehicle and engine production continues to lead [...]
Moss Bros reports strong sales increase
Menswear retailer Moss Bros has unveiled a double digit increase in sales as its efforts to turn around its fortunes continue.In the 19 weeks to December 10, gross profits were up 7.9% with sales on a same store basis rising by 10.5%. The figures follow the sale of Hugo Boss and Cecil Gee stores in [...]
Car parts firm Cobra UK to create 49 jobs
A new £12 million order to supply General Motors (GM) with parts will see the UK company double its workforce.Welshpool-based Cobra UK has won a contract to provide load space covers for the Vauxhall Astra, which is made at a plant in Cheshire. The expansion will create 49 jobs, taking the workforce to nearly 100. [...]
UK trade deficit narrows as exports hit a record growth
The UK’s trade deficit narrowed sharply in October, as the value of exports hit a record high new official figures have shown.The Office for National Statistics (ONS) said the deficit in goods fell to £7.6 billion, down from £10.2 billion September. Exports of goods rose to a record £26.5 billion, while imports fell from September’s [...]
JCB creates new 350 jobs
JCB is creating more than 350 jobs as part of a new £31 million engine development project.The firm said it would recruit more than 300 people across its Staffordshire, Derbyshire and Wrexham factories between 2016 and 2021. The company said it was also currently recruiting for 50 jobs at JCB Power Systems in Foston. JCB [...]