Business News

Bank of England leaves interest rates on hold at 0.5%

April 5, 2012
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Bank of England leaves interest rates on hold at 0.5%

Interest rates have been pegged at 0.5% by the Bank of England for another month. The Bank also said there would be no change to its quantitative easing (QE) programme which aims to get money into the economy. Rates have been at 0.5% since March 2009 as the long hoped for economic recovery fails...

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Jelf benefits from positive start to the year and looks for further growth

April 5, 2012
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Jelf, the independent consultancy which provides a broad range of insurance, financial services and employee benefits to corporates and individuals, says it "has enjoyed a positive start to the year" and is trading in line with expectations. The Yate-based consultancy has a major office in Bath and more than 30 branches throughout England and...

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Royal Mail gives stamp of approval to Bath architects’ design for postal museum

April 5, 2012
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Bath-based architects Feilden Clegg Bradley Studios have been chosen to design the new home for The British Postal Museum & Archive (BPMA). The new museum and archive centre in London will give access to the BPMA’s unique collections of 400 years of postal, social and design history, including photographs, posters, vehicles, pillar boxes, employment...

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Special Civic Trust Award recognises Holburne’s ‘jewel-like’ extension

April 5, 2012
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Bath’s Holburne Museum has won a special award in the prestigious Civic Trust Awards, which recognise the best new architecture and design. The museum collected the Michael Middleton Award for its new extension, designed by Eric Parry Architects. The award is presented annually to a restoration project or new build within a conservation area....

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First SPARKies Awards showcase Bath’s tech talent and innovation

April 4, 2012
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Bath’s hi-tech innovators have been celebrated at the inaugural SPARKies Awards. Microchip design firm Picochip, which was sold in January to US company Mindspeed Technologies for £33.6m, collected three of the 12 awards on offer. Its chief technical officer Dr Doug Pulley was named best tech founder while the company itself won The Totally...

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Bath’s Francis Hotel prepares to reopen after £6m refurbishment

April 4, 2012
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Francis Hotel Bath - refurbishment takes shape

  The Francis Hotel, in Bath’s Queen Square, has been restored to its former glory following a £6m refurbishment by owners Accor. The 98-room Regency townhouse hotel will reopen on May 28. It form’s part of Accor’s upmarket MGallery portfolio of luxury hotels across the world. Under the upgrade the hotel’s bedrooms have been...

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New owners pay £19m for Royal Crescent Hotel

April 4, 2012
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Bath’s Royal Crescent Hotel has been bought by property and hotel investment group Topland for a reported £19m. The prestigious 46-room hotel was put on the market last year following the collapse of owner, Bath-based luxury hotel group von Essen. A failed bid to buy the Grade II-listed hotel was made last year by...

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Bath Priory shortlisted for prestigious VisitEngland award

April 4, 2012
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Bath Priory Hotel has reached the finals of this year’s prestigious VisitEngland awards and is one of just two venues shortlisted in the Small Hotel category. The hotel, restaurant and spa collected three awards in the South West Tourism Excellence Awards 2011-12 staged in January – Small Hotel of the Year and Taste of...

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Geech to step down as Bath’s director of rugby

April 4, 2012
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Bath Rugby today confirmed that its director of rugby Sir Ian McGeechan will be leaving the club at the end of this season, coinciding with the end of his two-year contract. The club said they are making good progress in identifying a new head coach and Sir Ian’s successor will be in post by...

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West businesses challenged to help end poverty and dependency

April 4, 2012
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West businesses challenged to help end poverty and dependency

Big Issue co-founder John Bird has urged West businesses to be more socially aware and get involved in local politics to ensure the poor and homeless do not become dependent on State handouts and charity. In a wide-ranging and frank keynote speech at Bristol Chamber of Commerce's annual dinner, Mr Bird, pictured, drew on...

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