Business News

China’s blue chip shares rebounded  after the top securities regulator said it would keep in place a selling ban that was soon to expire. While economic news had been the main reason the CSI300 Index plunged 7% on Monday, triggering circuit breakers that shut down the market for the day, the selling ban on major shareholders of large corporations had been blamed as a secondary reason. The ban had been put into place to arrest the stock market rout last summer.

A 2,500 sq ft Digital Health incubator will be featured within Innovation Birmingham’s Serendip® Smart City Incubator in the new £8m iCentrum® building. The NHS-funded West Midlands Academic Health Science Network (WMAHSN) has signed up as the partner to deliver the new challenge-led facility, enabling tech start-ups to access the region’s network of NHS trusts and Clinical Commissioning Groups.

Birmingham City Council Cabinet members will be online this week to answer budget consultation questions in a special two-hour webcast. The 2016+ budget consultation was launched last month and residents are now being urged to have their say on the proposals before consultation closes on January 8. City council leader Councilor John Clancy and his cabinet answered questions in two public meetings and a webcast before Christmas.

Two leading figures in the Asian Business Chamber of Commerce (ABCC) in Birmingham have received awards in the New Year’s Honours. Nasir Awan, the ABCC’s chairman, and its vice-president Aftab Chughtai have both received MBEs. Mr Awan (pictured), chief executive of Awan Marketing International plc, received the award for services to business and international trade and Mr Chughtai’s MBE was for services to business and community relations in Birmingham.

Nearly 30 buses in Birmingham will be fitted with green technology to cut harmful emissions by up to 90%, after a successful bid for £486,000 of funding was announced today. The Clean Bus Technology Fund 2015 is being awarded to 18 local authorities across England to retrofit buses with technology to reduce nitrogen oxide emissions in pollution hotspots. Due to their high mileage and long operational life, introducing greener buses can significantly help air quality in town and city centres.

As people across the country go back to work and their daily routines after the festive season, January is usually the time when most will take stock of their finances to look for savings on their monthly outgoings. With commuting costs taking up a large chunk of many people’s budget, Sainsbury’s Bank Credit Cards has researched the cost of some of the country’s most popular rail routes for commuters.

Qatar Airways experienced a milestone year in 2015, from beginning with the start of A350 operations for which it was the global launch customer, to growing its fleet by 20 per cent, through to ending on a high note by launching a new brand campaign, “Going Places Together” and debuting an exclusive on-board safety video featuring the world-famous FC Barcelona players.

A Wolverhampton-based health cover provider, Paycare has been confirmed as the latest Founder Patron of the city’s new £6 million Youth Zone. The School Street facility – named The Way – will open its doors in January with a host of sporting and cultural activities for young people aged 8 – 19, and up to 25 for those with disabilities. Paycare is investing £75,000 in The Way over the next three years which will support the charity in engaging and inspiring young people in Wolverhampton.

Recruitment difficulties for Greater Birmingham manufacturers are at a record high – with an overwhelming 89 per cent of firms facing hiring problems, especially for skilled workers. Figures from the economic survey by Greater Birmingham Chambers of Commerce (GBCC) for the last quarter of 2015, supported by recruitment and people development agency Katie Bard, show that staff recruitment concerns among manufacturers are at their highest level according to official figures, which date back to autumn, 1997.

City of Wolverhampton Council has revealed ambitious plans to deliver a mixed residential development of 72 homes on the former Tower and Fort Works site in Pelham Street, Graiseley. The project will see the 3.4 acres of land sold to a development partner for high quality family homes for private sale or rent. A quarter of the homes will be set aside as affordable council houses at an estimated cost of £2 million, which will come from the Housing Revenue Account.

One of the West Midlands’ leading media entrepreneurs has filmed a documentary about his work in the USA – and it features UK Trade and Investment (UKTI) advisers who have helped him gain success. Barry Tomes, founder of Barry Tomes Media Group, says overseas trade at the Gotham Records arm of his business has increased by 60% over the past ten years, since he first engaged with UKTI through the Director of International Trade Jonathan Webber.

Birmingham City Council leader, Cllr John Clancy, has responded to calls for more consultation on budget proposals by adding a third public meeting in the south of the city. The 2016+ budget consultation, setting out budget proposals for 2016/17 – 2019/20, was published last week and, in addition to a range of meetings with groups affected, public meetings have already been held in Erdington and the Council House.

The Department for Education (DfE) has today issued a new set of directions to Birmingham City Council in respect of its children’s services which require Birmingham to continue on its current improvement journey. As expected, the DfE has now announced the appointment of Andrew Christie as successor to Lord Warner as children’s commissioner to Birmingham.

City of Wolverhampton Council hosted a government delegation from China. The Mayor of Hejian City led a nine-strong party on a fact finding mission to the city who were welcomed to the Civic Centre by Councillor John Reynolds, Cabinet Member for City Economy. Hejian City Mayor, Mr Weijiang Yin, said: “We were keen to visit Wolverhampton and explore its history as a city seated at the heart of the Industrial Revolution.

With one in ten Brits reportedly leaving their Christmas shopping until the big day itself, it’s not surprising that the most unlikely places for filling up on festive stocking treats can suddenly transform itself into a haven of holiday help. Perhaps synonymous with a hundred thousand angry housewives clutching a bunch of bad floral arrangements to their heart, the fuel station may be the last resort for a Sachertorte on Christmas Day, but it is still one of the only retail outlets open in the 24 hour festive shut down where goods can go straight from check out to under-the-tree in a matter of moments.