HSBC has appointed Paul Wood as senior corporate banking manager for the South West. In his new role Paul will focus on the extensive corporate market in the region, supporting businesses with a turnover of £25m-plus and ensuring that HSBC continues to meet the needs of its corporate clients. Paul will report to Mark...
Bath-based publishing group Future has crashed to a £19.3m annual loss as a result of a poor performance by its US printed magazines. The group, which owns around 90 magazines including Total Film, Classic Rock and Fast Car, had made a profit of £5.5m in the previous year. Revenues for the year to the...
Eleven new family homes are to be created on the site of the Jubilee Inn overlooking a picturesque valley on the southern outskirts of Bath. The derelict pub premises on Whiteway Road, Southdown, was affected by fire last year and has now been demolished by new owners Westrock, who are pressing ahead with the development plans. Closed...
Avon Rubber, the West Wiltshire-based rubber products manufacturer, expects to continue to grow despite a weak economic outlook and a fall in annual sales. Revenue dropped 8% to £107.6m in the year to September 30 at the Melksham group, mainly due to falling orders with the US Department of Defense. The group supplies respirators...
Bath Building Society has welcomed the Government’s new housing initiative aimed at kick-starting the UK’s stagnant domestic construction sector. The society, which is already at the forefront of developing innovative mortgages to help new entrants into the housing market, believes the broad perspective of the Government’s policy will create real benefits for the economy...
1pm, the Bath-based specialist lender to small and medium-sized businesses, has agreed a £1m increase in the amount it will be able to offer to firms. The increase is a 50% rise on 1pm’s existing block discounting facility with one of its funders. In a statement to the London Stock Exchange, it said the...
Sales staff at Bath’s Mercedes-Benz dealership are celebrating being part of the regional group that recently won the manufacturer’s Sales Team of the Year Award. The Peasedown St John dealership is one of the Sytner group of Mercedes-Benz sites in the West judged as having the best UK sales team across a number of...
Logistics group Wincanton has renewed its warehousing and distribution contracts with food giant Heinz and maintained its position as one of the global brand’s Golden Circle of preferred suppliers. Chippenham-based Wincanton has been transporting around 92m cases of Heinz products a year for the past 15 years. The renewals takes this contract to 2015,...
The Localism Act, which gives local communities more say about planning and development, was given Royal Assent on Tuesday. But is it good news for Bath and the West region? According to the Chartered Institute of Public Finance and Accountancy (CIPFA), it is an encouraging shift of power from central government to communities. For...
