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Robyn and Laurence discussed the results of a historic hospitality business, the South West of England Rich List and development plans at a landmark Liverpool development.

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00:00Results for a historic hospitality business, redevelopment plans for the Albert Dock in

00:06Liverpool and the Rich List in the southwest of England. That's all coming up in today's

00:10business briefing.

00:17My name is Lawrence Gilganan.

00:19And I'm Robin Hewson.

00:20Morning, Robin. So, we'll start with a story which caught my eye, which is results for

00:25North Waits. They're a sort of hospitality business, a brewer. They've got pubs. They've

00:30also got hotels. And they put out some interim results. And their operating profit had gone

00:36up. And the reason for that, actually, was because they had a sort of luxury hotel on

00:41the backs of Windermere.

00:42Oh, lovely.

00:43Yeah, absolutely. You know, it really got me thinking, I can't fancy an autumnal break.

00:46Oh, absolutely.

00:47And if there was, the Lake District sounds like a good place to go. But yeah, so Langdale

00:51Chase, it had been getting refurbished. And it reopened. It's sort of got various accolades.

00:57I think it was mentioned by Condé Nast and so on. And that's really boosted the business

01:02in their half-year results.

01:03But the chairman of the business did take time out to have a little pop at the government

01:08for their recent budget. And things that caught his eye were the sort of increased national

01:14employers, national insurance contributions, and also the increased national living wage.

01:21And I think the point was that this has more of an impact on hospitality than maybe other

01:24industries. But we'll have to wait to see how that goes.

01:26And they've had a hard few years already, haven't they?

01:29Exactly. And I think the idea is perhaps it will deter people from maybe expansion or

01:34you know, they can't give people as many shifts or whatever. So it was a bittersweet story

01:39anyhow. But good to see them doing well. And also good to see a new hotel because it was

01:44the photographs of this Langdale Chase was really fantastic, overlooking Windermere.

01:49Oh, wow.

01:50Really good. So good one to see. And talking of sort of landmark places, I understand you've

01:55got news about redevelopment at the, I said the Albert Dock, I should have said the Royal

02:00Albert Dock.

02:01Yes, the Royal Albert Dock. Some public realm improvements there. So it's going to be about

02:05new green space and improving accessibility, things like that. I mean, it's really nice

02:10around there already, isn't it?

02:11It is. It's fantastic. I've always, I live on the Whirl and always enjoy a trip to the

02:16Albert Dock, which is normally to go to the Tate or some of the restaurants there. Of

02:20course, the Tate is currently being redeveloped, but they have an involvement in the ownership,

02:25don't they? So what are the plans?

02:29So I think there's going to be things to improve visitor experience. And it's all about kind

02:32of celebrating the culture and the heritage of the docks. And it's going to be a Liverpool-based

02:37design studio, Planet, who are going to be working on this. And I think it's phase one

02:43of a series of plans. So it will be over the next few years. So if they get planning

02:47approval, work will be starting in 2025.

02:49Fantastic. And it's a scene for some of our events, isn't it?

02:52Yeah, absolutely.

02:53Is that the Titanic Museum? Is that a work?

02:55Yeah, Titanic Hotel.

02:56Hotel, sorry. I'm thinking Belfast.

02:59Yeah, we do our Liverpool Property Awards there and things like that. We've hosted Liverpool

03:03Waterfront Breakfast and all sorts. So yeah, we're kind of back and forth between Manchester

03:08and Liverpool a lot on the North West team.

03:09Fantastic. Well, it's a real asset for Liverpool, so I'm sure this development is going to enhance

03:14it yet further. Away from the North West and down in the South West of England, we've got

03:20our latest rich list.

03:22Another one?

03:23Exactly. So since autumn, we started out in the North West and then we've had Yorkshire.

03:29And now we've got our rich list from the South West. The main list has been published. I

03:32think James Dyson is at the top, the Hoover entrepreneur.

03:37Yeah, no surprise there.

03:38Or vacuum cleaner entrepreneur. I don't want Hoover on the phone. Yes, exactly. But we've

03:42done various interesting breakout lists in each region. And today we have published the

03:46wealthiest women in the South West. So that's one for people to go and take a look at. It's

03:52as all of our lists, it's compiled by Robert Watts, who does the Sunday Times rich list.

03:58So real stamp of authority there. So some interesting reading for people.

04:03And the opposite end of the country again, we're going up to Grimsby with a fascinating

04:08take that they're looking to bolster their capabilities in film.

04:13Yeah, they want Grimsby to be the go-to hub for film and TV. So it's actually quite surprising

04:19how many things have already been filmed there.

04:21Give us some examples.

04:23So there's Atonement, the film, and This is England, the TV show and things like that.

04:28So they've already kind of got this existing kind of relationship with film and TV. Now

04:34Port Operator Associated British Ports is looking for investors to kind of ramp that

04:39up and create this real hub there. And it's giving Liverpool a run for its money.

04:43Yeah, we've mentioned Liverpool and of course they are. They sort of see themselves as the

04:46Hollywood of the North.

04:47Yeah, this is what Capital and Centric are saying. That's what the Littlewoods building

04:50is going to be, the Hollywood of the North. So there might be a bit of a healthy competition

04:54there.

04:55Well, I mean, it's great to see, isn't it? And you do occasionally see great processions

05:01of trucks going down the motorway for these. So they have a big budget and a lot of money

05:05and the money goes into the local economy as well. So, excellent. Well, I look forward

05:09to hearing more about Grimsby plans in due course.

05:11Yeah.

05:12Well, to find out more about the stories we've been discussing, go to insidermedia.com. There

05:16you can subscribe to our newsletters, you can subscribe to our magazines and find out

05:21more about upcoming events. That's everything from us. See you next time.

Watch: Insider's Business Briefing - 13th November

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