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Today’s news in brief – 18/3/2024

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Xeinadin Group has appointed Chantelle Grobler as its new CFO, emphasising her extensive experience spanning finance, mergers, and acquisitions. Grobler’s appointment aligns with Xeinadin’s growth strategy for becoming a trusted advisor to founder-owned businesses. CEO Derry Crowley praises Grobler’s track record, anticipating her valuable contributions amidst the company’s rapid M&A expansion.

Ballards LLP has unveiled its new Droitwich office, Elmley House, showcasing a collaborative effort between Ballards, Architectural Wallsz, and CreativeFolks. Architectural Wallsz and CreativeFolks contribute expertise in bespoke interiors and branding, respectively. The modern hub reflects Ballards’ commitment to excellence and collaborative innovation, as articulated by CFO Mark Skellum and industry leaders Ian Strangward and Jon Clough.

Bibby Financial Services has highlighted economic uncertainty hindering SME investment, citing concerns over high interest rates and political instability. Delayed capital expenditure and reduced credit availability pose challenges for small businesses, despite an optimistic outlook for sales growth. BFS UK Managing Director Derek Ryan calls for government support to stimulate investment and boost economic recovery.

Make UK and BDO have forecast sluggish growth for UK manufacturers over the next two years, attributing flat output to weak demand and Brexit impacts. Recruitment and investment intentions remain strong, signalling resilience amid challenges. However, senior economist Fhaheen Khan stresses the need for a comprehensive industrial strategy to address underlying growth issues. Richard Austin, head of manufacturing at BDO, emphasises the importance of government support for sustainable expansion in the sector.

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