Business News Round Up (25/09/19)
Food and drink growth three times as fast as whole economy
Figures from the Royal Bank of Scotland Purchasing Managers Index shows the Scottish food and drink sector has grown three times faster than the economy as a whole in the past 10 years, accounting for nearly one in four manufacturing jobs and underpins Scotland’s position as the dominant force behind UK international trade in agrifood products
https://www.insider.co.uk/news/food-drink-grows-three-times-20164795
London tops Savills Investment Management Dynamic Cities index
London has ranked first place for the third consecutive year in the 2019 Savills Investment Management Dynamic Cities index, followed by Paris, Cambridge, Berlin and Amsterdam. The index ranks European cities with the best long-term commercial real estate investment potential. Compared with the other major investible European markets, the top 10 dynamic cities delivered the strongest prime total returns growth across all three commercial real estate secors.
Investment in space technology
Spire Global, a Glasgow based satellite company who tests, builds and operates nanosatellites tracking aviation, maritime and weather patterns, has received a £14.7 million investment. The investment will allow the company to move into new premises at Glasgow’s Skypark facility and increase its local workforce from 60 to 320 over the next five years.
https://www.gov.scot/news/investment-in-space-technology/
Retail sales fall for fifth month in a row
British retail sales volumes in the year to September fell for the fifth consecutive month, albeit at a slower rate than previous months, according to the latest CBI Distributive Trades Survey. The CBI’s monthly index of reported sales rose to -16 in September from -49 in August.
https://aboutmanchester.co.uk/retail-sales-fall-for-fifth-month-in-a-row/