Business News Round Up (17/05/19)


‘Zombie’ companies pose a threat to the economy, KPMG analysis says

Scotland has more ‘zombie’ firms than any other country in the UK. The KPMG report found that 9% of Scottish businesses were under sustained financial strain, which poses a threat the economy.

https://www.thenational.scot/news/17645257.zombie-companies-pose-a-threat-to-the-economy-kpmg-analysis-says/

Manchester’s inward investment agency toasts record investment and jobs

MIDAS, Manchester’s inward investment agency, has found that the region is a hotbed for investment despite uncertainties in the current economic climate.

https://www.manchestereveningnews.co.uk/business/business-news/manchesters-inward-investment-agency-toasts-16285297

Record £14.8 billion turnover for Scotland’s food and drink sector

Scotland’s Rural Economy Secretary has revealed Scotland’s food and drink sector recorded £14.8 billion in 2018.

https://www.shropshirestar.com/news/uk-news/2019/05/16/record-148-billion-turnover-for-scotlands-food-and-drink-sector/

MediaCityUK company marks milestone anniversary

Mason Advisory, an IT consultancy based at MediaCityUK, has reached a milestone achievement after experiencing a five times increase in turnover in five years.

https://aboutmanchester.co.uk/mediacityuk-company-marks-milestone-anniversary/