Cumbrian firms scoop prizes at region's family business awards
The event, held at The Rum Warehouse, Titanic Hotel, Liverpool, on Friday, May 9, celebrated the achievements of family-owned businesses across the region.
More than 400 people attended the ceremony, which was organised by The Family Business Community.
The awards were presented by food writer and broadcaster Nigel Barden, alongside co-founders of the Family Business Community, Dave Clarkson and Sue Howorth.
Widdop & Co (Image: Supplied) Mr Clarkson and Ms Howorth said: "We always want to create an unforgettable experience for all attendees, and bringing the awards back to Liverpool added an extra layer of magic to the occasion.
"The turnout was our largest to date and the energy in the room was incredible.
"We're so grateful to everyone who came out to support the awards and recognise the hard work and dedication of our North West family businesses.
"It was truly an unforgettable night for everyone in the room."
Cumbria businesses were among the winners, with The Plastic Bottles Company in Ulverston winning the Business Services Excellence (Small) award.
Penningtons Tea & Coffee Ltd in Kendal was named the best Food & Drink Producer, while The Quiet Site in Penrith won the Leisure & Tourism award.
The People's Choice award, which was decided by public votes, went to Marina View Cafe in Maryport.
The judges said they were impressed by the high calibre of entries this year, making the selection process both challenging and rewarding.
There were 23 categories in total, including sector-specific categories, the People's Choice, and Employee of the Year awards.
The overall North West Family Business of the Year award was presented to Oldham-based fifth-generation family business Widdop & Co.
Mr Clarkson and Ms Howorth added: "We would like to give thanks to our judges, events team, our sponsors, and all the incredible individuals and organisations who participated in our awards.
"Your support and dedication made this event a tremendous success once again, and we are truly grateful."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Chicago Tribune
10 hours ago
- Chicago Tribune
Wall Street quiet ahead of meeting between President Donald Trump and Russian President Vladimir Putin
Markets are largely unchanged early Thursday ahead of a key meeting between U.S. President Donald Trump and Russian President Vladimir Putin this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all ticked down less than 0.1% before the opening bell. Shares of Deere & Co. slid 7.5% after the heavy equipment manufacturer cut its forecast despite beating Wall Street's third-quarter sales and profit targets. Deere's sales and profit fell significantly from a year ago and the company cited 'near-term uncertainty' in its earnings release. Deere said that it has been focusing on inventory management with inventories remaining high. Tapestry, the parent of Kate Spade and Coach, saw its shares tumble more than 6% on a weak outlook. The company said it expects a tiny increase in sales for the upcoming year, while forecasting a 60-cents-per-share hit on profit due to tariffs. Tapestry says that about 70% of its products are made in Vietnam, Cambodia and the Philippines. Later Thursday, the government will release its report on inflation at the wholesale level, before products reach consumers. Economists expect it to show inflation ticked up to 2.4% in July from 2.3% in June. The U.S. also releases its weekly report on applications for jobless benefits, which serves as a proxy for U.S. layoffs. On Friday at Joint Base Elmendorf-Richardson outside Anchorage, Putin and Trump as well as a meeting of the delegations, will convene a meeting. In Europe at midday, Britain's FTSE 100 was unchanged after the government reported that the UK economy grew at a faster than expected 1.2% annual pace in the last quarter. In quarterly terms, the economy grew 0.3%, slowing from a 0.7% expansion in January-March. Germany's DAX rose 0.6% and the CAC 40 in Paris added 0.5%. Europe is bracing for Trump's encounter with Putin, though the U.S. president has said he will prioritize trying to achieve a ceasefire in Ukraine when he meets with Putin on Friday in Anchorage. The Trump-Putin meeting could have major implications for energy markets, potentially leading to an easing of sanctions against Moscow, or an escalation if no progress is made on ending the war in Ukraine. Early Thursday, U.S. benchmark crude rose 23 cents to $62.88 per barrel. Brent crude, the international standard, added 25 cents to $65.88 per barrel. During Asian trading, Tokyo's Nikkei 225 fell nearly 1.5% to 42,649.26 as investors sold to lock in recent gains that have taken the benchmark to all-time records. The Japanese yen rose against the dollar after U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg that Japan was 'behind the curve' in monetary tightening. He was referring to the slow pace of increases in Japan's near-zero interest rates. Low interest rates tend to make the yen weaker against the dollar, giving Japanese exporters a cost advantage in overseas sales. The dollar fell to 146.53 Japanese yen Thursday, down from 147.39 yen. The euro slid to $1.1691 from $1.1705. In Chinese markets, Hong Kong's Hang Seng index shed 0.4% to 25,519.32, while the Shanghai composite index slid 0.5% to 3,666.44. South Korea's Kospi rose less than 0.1% to 3,225.66. In Australia, the S&P ASX 200 index added 0.5% to 8,873.80. Taiwan's Taiex fell 0.5% and India's Sensex edged 0.2% higher. Bitcoin briefly rose more than 3% to a new record of over $123,000, according to CoinDesk. It later fell back below $121,000.
Yahoo
12 hours ago
- Yahoo
Gold price today, Thursday, August 14, 2025: Gold opens above $3,400 after new highs in stocks
Gold (GC=F) futures opened at $3,407.20 per ounce on Thursday, up 1.4% from Wednesday's close of $3,358.70. So far this week, the price of gold has ranged from a low of $3,330.10 to a high of $3,423.80. Investors will be watching the initial jobless claims report and the producer price index (PPI) on Thursday for any signs of economic strain. Jobless claims for the week of August 9 are expected to be 229,000, up slightly from the prior week's tally of 226,000. PPI, which measures inflation on wholesale prices, is expected to be up 0.2% for July after being flat in June. Although gold remains resilient, investors are also bullish on stocks – the S&P 500 and the Nasdaq Composite both hit record highs on Wednesday. Any signs of economic deterioration could slow momentum in stocks and increase demand for gold. Current price of gold The opening price of gold futures on Thursday is up 1.4% from Wednesday's close of $3,358.70 per ounce. Thursday's opening price marks a gain of 0.7% over the opening price of $3,384.90 one week ago on August 7. In the past month, the gold futures price has gained 1.2% compared to the opening price of $3,367 on July 14, 2025. In the past year, gold is up 38.1% from the opening price of $2,468 on August 14, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. How to invest in gold Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. After deciding why you want to invest in gold and selecting the size and form of your gold investment, consider your investment timeline as a final suitability check. Gold can be volatile. It has demonstrated extended periods of decline in the past. Extended periods of decline are not acceptable if your timeline is short. The risk is too great that gold's price will be down when you need to liquidate. An extended holding period provides greater potential for reaching your investment goals. As an example, hedging against stock market declines or inflation is a long-term effort. These outcomes will continue to be risks as long as you own stocks or cash deposits. Holding gold as insurance against an economic calamity requires you to keep the asset until you need it. Learn more: How to invest in gold in 4 steps Gold as a safety net A small gold position can act as a stabilizer for your stock portfolio and your purchasing power. If you choose physical gold stored at home, it can also stand in as currency in the worst of economic crises. Just know that gold has underperformed stocks in the past, so choose your target allocation accordingly. Learn more: What to know before buying gold, silver, or platinum from Costco Up Next Up Next Price-of-gold chart Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historic price of gold Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.


CNBC
13 hours ago
- CNBC
Monterey classic car auctions kick off, and sales expectations are tepid
Up to $400 million worth of classic cars will roll across the auction block in Monterey and Pebble Beach this week, marking the biggest test of the year for the collectible car market and wealthy owners. An estimated 1,140 classic cars will come up for sale at Monterey Car Week, the annual gathering of classic car collectors from around the world. The sales total is estimated to come in between $367 million and $409 million, according to Hagerty. The midpoint of that range, at $388 million, would mark the third year of declines in sales, and an 18% drop from the recent peak of $471 million in 2022. The high end of the market is the weakest. The Monterey auctions – held by RM Sotheby's, Gooding & Co., Mecum, Bonhams and others – have traditionally featured at least a half-dozen cars priced at $10 million or more. This year there's only one – the fewest in over a decade. The average sale price has dropped to $473,000 this year from $477,000 last year. "Pebble Beach is the annual health check on the market," said Simon Kidston, a classic car advisor and dealer. "Everybody waits to see what happens at Pebble Beach before committing to a major decision the rest of the year." Like the art market and other types of collectibles, classic cars have been in slow decline since the pandemic rally in 2021 and 2022. Collectibles prices are down 2.7% over the past 12 months, according to the Knight Frank Luxury Investment Index. Classic car prices are down 0.2% overall – better than the 20% drop in the art market but not as strong as jewelry (up 2.5%) or coins (up 13%). Classic car dealers and auctioneers blame global uncertainty, with wars in Ukraine and the Middle East, along with weakness in China. Higher interest rates are also a factor, raising the opportunity cost of buying a classic car, since risk-free cash still earns over 4% or more. Some also point to a surging stock market for the past three years, which makes collectibles relatively less attractive. The Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them. Subscribe here to get access today. Yet experts say the biggest reason for the classic car slowdown is a generational shift. Baby boomers, who have powered the classic car market for decades, are aging out or downsizing. The new generation of millennials and Gen Zers, who are coming into wealth and collecting, want newer and fewer collectible cars. The shift is expected to accelerate as an estimated $100 trillion is passed from older to younger generations, giving fuel to the new breed of collector. "It's a big rotation," said McKeel Hagerty, CEO of Hagerty, the classic car insurance, auction and events company. "Some of the older-guard collectors are framing it, 'The market is soft at the top end.' But here's a lot of depth in this market. It's just rotating to younger buyers and newer cars." That rotation has left the market for 1950s and 1960s cars with oversupply and falling prices. Many baby boomers are trying to clear their garages and sell, while others are passing their cars on to their kids, who often don't share the same passion. Gooding & Co. is selling three Ferrari 250 GT California Spiders this week, including the most expensive lot of the week, a 1961 250 GT SWB California Spider with an alloy body and original hardtop estimated at over $20 million. "Cal Spiders," as they're known, were made famous in the movie "Ferris Bueller's Day Off," have long been a rare and special sighting at auctions. Seeing three at the same auction series is highly unusual. Kidston said the alloy body Cal Spider would have likely fetched $25 million to $30 million a few years ago. "It's one of the great road cars of all time," he said. "It has intrinsic value, with provenance, sophistication, beauty and usability." Prices and demand for many cars that are over 50 years old are down as much as 20% to 30% from the peaks, dealers and brokers say. "It's just the question of what clears the market, and can their egos handle it," Hagerty said. "If it's an $18 million car, and it becomes a $13 million car, it's still a multimillion-dollar car, which is pretty amazing." Hagerty said that falling prices have driven more sales to the private market, directly between buyer and seller, rather than to the auctions. Sellers with prominent cars don't want their discounted sales prices to be public, so they opt to sell privately. "That way nobody has to feel embarrassed," Hagerty said. "We're seeing a surprisingly large amount of private sales. Sometimes a car will hit the market and sell in a couple of hours and close by the end of the day." At the same time, auctions of newer super cars are skyrocketing. Millennials and Gen Zers are bidding up prices for rare cars from the 1980s, 1990s and 2000s. They also prefer cars that are more affordable and practical. Rather than keeping a $10 million 1962 Ferrari 250 GT SWB Berlinetta locked up in a private Garage Mahal, the new breed wants post-1980s Porsches, BMWs and later-model Ferraris they can enjoy every day and not have to constantly repair. Along with affordable exotics, young collectors are also paying up for supercars, especially rare and highly specific Paganis, Bugattis and Rufs, the boutique German builder. A 1989 Ruf CTR "Yellowbird" sold in March for a record $6 million at Gooding & Co. at the Amelia Island sales. Two years ago, the average model year of the cars being sold at Pebble was 1964. This year it's 1974, which still underestimates the bar-bell distribution of cars from the 1950s at one end and the 1980s and 1990s cars at the other. Sales of modern supercars — defined as those from 1975 or later – will likely overtake sales of so-called "Enzo-era" Ferraris (made before 1988) at Monterey for the first time, according to Hagerty. Some experts even worry that the modern supercar segment has become over-inflated and speculative. Like momentum trades in the stock market, which retail investors buy on the basic premise that someone else will buy it for more, modern supercars seem to be rising indiscriminately. "If it's all solely reduced to what is more saleable, then collecting becomes very superficial," Kidston said. "I don't believe collecting should be ruled by investing. You should keep an eye on the financial implications of what you buy. But it should not be the be-all and end-all. Otherwise it just becomes like bitcoin." Here are the top lots from Monterey Car Week, compiled by Hagerty: Sold by Gooding & Co., estimated at more than $20 million Sold by RM Sotheby's, estimated at $8.5 million to $9.5 million Sold by Gooding & Co., estimated at $8 million to $10 million Sold by Gooding & Co., estimated at $8 million to $10 million Sold by Gooding & Co., estimated at $7.5 million to $9 million Sold by Bonhams, estimated at $7 million to $9 million