UKWA: Budget “better than we feared”
Roger Williams, chief executive officer of the United Kingdom Warehousing Association (UKWA), issued the following comment following the Chancellor's budget statement:
“We welcome the reduction in the headline rates of corporation tax. It will help in attracting international companies to do business in the UK, and by 2014 we will have one of the lowest rates in the G20 (24%).
B&Q announces DC shake-up
DIY retailer B&Q has announced a huge multi-million pound investment in Swindon with plans to build a new distribution centre.
The retailer plans to open a new 796,649 sq ft (74,010 sq m) DC just north of Honda’s factory in developer Gazeley’s G Park, creating around 550 jobs for the local area. The new site represents an investment of £77.4m and will include key environmental initiatives.
ShD’s World Cup wallchart giveaway
The 2010 World Cup is nearly upon us. To mark the occasion, ShD has produced a wallchart that will help you plot the progress of the teams all the way through to the final in Johannesburg on 11th July.
With all the dates, times and locations, the wallchart is designed to show just who will be playing whom once they get out of those tricky group matches.
IMHX offers plenty for the pharma and healthcare sectors
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The International Materials Handling Exhibition (IMHX), which takes place at the NEC from 16-19 November, is set to feature some key products and services aimed at the pharmaceutical and healthcare sectors, as well as showcasing automated handling systems and capital financing solutions.
The pharmaceutical and healthcare sectors are huge contributors to the UK economy and have, unsurprisingly, been less affected than other markets by the global economic downturn. The UK pharmaceutical industry achieves a trade balance of exports over imports of some £3.4 billion per annum, before we even consider the healthcare sector, where public spending alone on the NHS is approaching £100 billion a year. A number of exhibitors at IMHX have specific expertise and dedicated solutions to help logistics managers in the pharmaceutical and healthcare sectors.
Hammond gets cabinet Transport role
The new Con-LibDem coalition government has announced its key cabinet positions, with Conservative MP for Runnymede and Weybridge, Philip Hammond, appointed as Transport Secretary.
A former trade and industry spokesman for the Tories in opposition, he has served as shadow Chief Secretary to the Treasury since July 2007. The Transport job was shadowed in opposition by Theresa Villiers, who is not part of Prime Minister David Cameron's new cabinet.
L&S acquires £200m warehouse portfolio
Raymond Mould and Patrick Vaughan, the veteran property investors, have acquired distribution warehouses for £208.5m, reports The Daily Telegraph.
Mould and Vaughan's London & Stamford organisation has bought Radial Distribution Limited, a portfolio of 16 warehouses, occupied by the likes of Tesco and primarily based in the Midlands, from a 50-50 joint venture between Warner Estates and Uberior Ventures, the investment arm of HBOS, now part of Lloyds Banking Group.
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