Liverpool keeps on pouring the pints
As Merseyside waits anxiously for news about the future of brewery and pub operator Cains, the local leisure industry is battling with consumers apparently staying at home to cut costs. But key players insist that Liverpool’s pubs, bars and restaurants are still on the up. Colin Manning, co-owner of eateries 60 Hope Street and The Quarter, told Insider: “This year in particular we’ve seen an increase in business. There are definitely a lot of people around, more footfall and more European visitors. And it is sustainable - it will continue into 2009 and 2010. If you are offering a quality product at an affordable price with good service you will succeed.” And Suzanne Watson, sales and marketing manager at Harlequin Entertainment, which owns Blue Bar & Grill, Baby Blue and The Panamerican Club at the Albert Dock, said having a diverse offer is key to survival. “We have something for everyone,” she said. “We hope people see our venues as quality establishments offering a value for money experience.”
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Bank holds interest rates
The Bank of England has kept interest rates on hold at 5 per cent as it battles against the credit crunch and spiralling inflation. Some analysts had forecast rate rises this month, but Richard Lambert, CBI Director-General, said: "The latest data show the slowdown in UK economic activity gathering pace, and business and consumer confidence falling further. However, with inflation heading higher in the next couple of months, the Bank is right to leave rates on hold for the time being."
The Rippleffect spreads
Beating off competition from 30 digital agencies around the UK, Liverpool-based Rippleffect has been picked to redesign the website of national humanitarian organisation Rotary International in Great Britain and Ireland (RIBI). The new website, part of a marketing overhaul at RIBI, aims to attract more members and raise awareness of the humanitarian work carried out by the organisation's 58,000 members.
Healthy, wealthy and wise
The economic health of the North West is being damaged by the physical and mental wellbeing of the region’s workforce, according to a new report from the NHS. Healthier Horizons for the North West calls on the NHS to focus more on promoting good health and the prevention of ill-health, as latest figures estimate that the £3bn economic gap between the North West and the rest of England is caused by worklessness. Steven Broomhead, chief executive of the Northwest Regional Development Agency, said: “By providing a coordinated response to health and social conditions, especially in deprived areas, we will enable all sections of the community to benefit from further economic growth.”
Vimto to expand in Japan and China
Nichols, the owner of leading North West soft drinks brand Vimto, is trialling a new range of orange and cherry-flavoured Vimto in Japan. The drinks are being test marketed with a funky Manga-style slim can. John Nichols, chairman, also told Insider that the company has formed a joint venture in China. “It’s important to get the product and the partner right in these markets. We don’t take huge risks as a business, but we’re excited about these opportunities in Japan and China,” he said.
Everton called in but Via Verde cleared
Everton FC and Tesco's Destination Kirkby project has been called in for what will at best be a time-consuming and costly public inquiry by the Department for Communities & Local Government. Knowsley council leader Ron Round described protesting authorities as "damaging the reputation of the region and undermining future investment". But the largely residential £85m Via Verde scheme north of Liverpool city centre avoided the same fate, allowing developer Viride Holdings and Eldonians to progress towards a start on site.
NWDA boost for Saints stadium
The Northwest Regional Development Agency has approved a £4.9m grant for site remediation around the development of a new stadium for St Helens RLFC. The plans for a mixed-use scheme led by developer Langtree to redevelop the mostly derelict former United Glass site were approved earlier this summer. Other partners in the scheme are St Helens Council, Tesco and housebuilder Taylor Wimpey.
Bluemantle's Uneek proposition
Cheshire developer Bluemantle has let a 136,000 sq ft warehouse at Wirral Business Park in Upton to Uneek Clothing Company. The business has taken a ten-year lease on the unit, which will become its UK distribution hub, although the head office will remain in Hertfordshire. Jones Lang LaSalle acted for Uneek, while Mason Owen, CB Richard Ellis and Legat Owen represented Bluemantle.
Hotel sale in Cumbria
AIM-listed investment vehicle Crucial Plan is selling off its only asset - The Borrowdale Gates Hotel in Cumbria - for £1.7m to Colin and Joy Yvonne Harrison. The hotel has 29 rooms and is set within three acres of grounds. In the year to 30 April 2007 it recorded an audited turnover of £938,000 with a loss before interest and tax of £46,000. Crucial Plan will use the money to pay down existing bank debts and settle with creditors. The firm will then look to acquire interests in the mining sector, which it believes to be capable of significant organic growth.
They can do it
Lancashire-based television company Community Communication Network (CCN) has been bought out of administration by captive audience network business The Can Media Group. CCN provides community television on a national basis by installing plasma screens in public venues to broadcast messages, including those relating to public safety. "The acquisition of CCN is a major strategic win," said Phil Austin, group managing director of Can Media. "The addition of The CCN network to the current life channel network expands our community reach significantly."
New Insider out today
The August issue of Insider is out this week with a special focus on the world’s next superpower. As all eyes are on China with the Olympic Games starting tomorrow in Beijing, we look at the increasing business activity between the North West and China and find out how regional businesses can take advantage of the inward investment and expansion opportunities. In our annual Mersey Boroughs review, we explore the ripple effect of the Capital of Culture year and how The Open Championship will have a long-term effect on Southport and surrounding areas. The results of the Merseyside Innovation Awards are also in.
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