Business News

New funding of £9m pledged to kick-start work on enterprise zone with potential for 1,300 jobs

July 30, 2024
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New funding of £9m pledged to kick-start work on enterprise zone with potential for 1,300 jobs

Plans to create up to 1,300 jobs on a major regeneration site near Bath have taken a step forward, with the regional combined authority approving £9m to pay for infrastructure projects. The funds will help unlock access to the Somer Valley Enterprise Zone (SVEZ), a 13.5-hectare greenfield site on the western edge of Midsomer...

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‘Beautiful, much-loved boozer’ in Bath to be reopened by fast-growing city-based restaurant chain

July 30, 2024
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‘Beautiful, much-loved boozer’ in Bath to be reopened by fast-growing city-based restaurant chain

Bath-headquartered restaurant and food retail group Walcot Group has snapped up an historic pub in the city as it continues its expansion. The group, which opened the 150-cover Walcot House on Walcot Street in 2019, has major plans for new addition The White Hart in Widcombe, pictured. Built in the 1700s, the grade II-listed...

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Future’s ‘transformative’ finance chief quits after helping reshape group into global media operation

July 30, 2024
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Future’s ‘transformative’ finance chief quits after helping reshape group into global media operation

Bath-headquartered publishing group Future’s chief financial and strategy officer has officially stepped down from the role after eight years, during which the business has been transformed into a global multimedia concern. Penny Ladkin-Brand, pictured, who joined Future from automotive online marketplace and classified advertising business Auto Trader, announced in May she was joining international...

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Timely tonic for Alliance Pharma as higher sales of its healthcare brands ease painful few months for group

July 29, 2024
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Timely tonic for Alliance Pharma as higher sales of its healthcare brands ease painful few months for group

Higher sales of scar treatment gel Kelo-Cote helped international healthcare group Alliance Pharma achieve stronger revenues in the first half of this year. The Chippenham-headquartered firm, which owns a portfolio of products ranging from eye care treatments to anti-dandruff shampoo, said sales during the six months to the end of June rose by 2.8%...

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£2.5m price tag for Victorian boutique B&B in Bath with ‘stunning decor and big potential’

July 29, 2024
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£2.5m price tag for Victorian boutique B&B in Bath with ‘stunning decor and big potential’

A Bath luxury boutique bed and breakfast with the potential to be “a very profitable business” has come onto the market. Dorian House, a large, converted Victorian house in Upper Oldfield Park, pictured, is being sold by property agents Christie & Co off a guide price of £2.5m. The property, which has14 en-suite guest bedrooms,...

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Focus on research and innovation as university steps in as council’s partner on Bath Quays North site

July 29, 2024
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Focus on research and innovation as university steps in as council’s partner on Bath Quays North site

Bath’s long-awaited Quays North development is to be revised to include space for research, innovation and enterprise under a new link-up between Bath & North East Somerset Council and the University of Bath. The university said the partnership would boost the creation of start-up and spin-out businesses, attract more investment to the city and...

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Ahead of the Agenda: The Week Ahead

July 28, 2024
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Monday July 29 Finals: Ondo Insurtech, Trifast Interim: Quartix Technologies Trading announcement: Cranswick Economic announcements: Consumer credit, Mortgage approvals, M4 money supply Tuesday July 30 Final: Altitude Group Interims: ConvaTec Group, Standard Chartered, Inchcape, BP, Spectris, St James’s Place, Fresnillo Group, Staffline, Essentra, Pod Point Group Holdings, Sabre Insurance Group, Seplat Energy Q2 result: Smurfit Westrock Trading announcements: Sage Group, Barr...

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University of Bath’s high-flying student drone team land silver award in international contest

July 25, 2024
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University of Bath’s high-flying student drone team land silver award in international contest

A group of engineering students from the University of Bath have come second in an international competition to design and build an unmanned flying vehicle. Competing under the name Team Bath Drones, the Faculty of Engineering and Design students earned the silver medal spot at the four-day-long IMechE UAS Challenge, becoming the UK and...

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Pearson May financial round up

July 25, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Financial Reporting Council (FRC) audit enforcements down by a third Audit quality concerns despite reduced investigations Click here to find out more HMRC warns on workplace nursery tax abuse Employers must meet the criteria to avoid penalties. For more details,...

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Focus on efficiency triggers better-than-expected recovery at defence group Avon Protection

July 25, 2024
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Focus on efficiency triggers better-than-expected recovery at defence group Avon Protection

Defence manufacturer Avon Protection has said it is seeing the benefits of its transformation plan faster than expected, with annual revenues and profits now likely to be slightly higher than previously expected. The Melksham-based group spent much of last year recovering from a tough period during which its shares lost around 70% of their...

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