Business News

Bath architects win Plymouth Art College masterplan contract

November 18, 2011
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Feilden Clegg Bradley Studios, the Bath-based architects, have been appointed as lead architects for the masterplanning of Plymouth College of Art’s expansion and refurbishment that will pave the way for a 10-year redevelopment. The project will review the accommodation on college’s  main Tavistock Place site and two other nearby satellite sites, looking at ways...

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Helphire suffers in tough market conditions

November 18, 2011
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Helphire, the Bath-based accident-claim handler, which reported losses of £34.1m in the year to June 30, said today that it has seen a small increase in referral volume and hires since the end of September "but hire length, which is a key driver of the group's performance, is substantively below historical levels and marginally below...

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Rotork forks out £48m for US acquisition

November 18, 2011
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Bath-based Rotork, the market leading actuator manufacturer and flow control company, announced today that it has paid $75.8m (£48.1m) in cash for Fairchild, a US manufacturer of high-precision pneumatic controls and power transmission products for a wide range of industries. The American company, headquartered in Winston-Salem, North Carolina, is described as asset-light with a similar outsourced model to...

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Food for thought for entrepreneurs – from the founder of Ella’s Kitchen

November 18, 2011
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Entrepreneurs need three attributes to be successful – creativity, passion and tenacity, according to Paul Lindley, the founder of fast-growing baby food producer Ella’s Kitchen. The former accountant and kids’ TV executive launched the business, named after his daughter, six years ago with a clear mission – to produce healthy, tasty packaged food for...

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Target helps with major recruitment acquisition deal

November 18, 2011
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Bath-based Target Chartered Accountants' corporate finance arm has played a key role in the acquisition of marketing, media and communications recruitment specialist Xchangeteam by the Pertemps Network. Xchangeteam chief executive Emma Brierley, who founded the firm in 1999, said: “We are delighted to have become part of the successful Pertemps Network Group while still retaining...

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Love nominated as chairman of the year

November 17, 2011
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Love nominated as chairman of the year

  South West entrepreneur Mike Love (pictured) was shortlisted last night for Grant Thornton's 2012 Chairman of the Year Quoted Company awards. Dr Love has grown a number of companies, including CODASciSys, which at its peak featured in the Top 50 companies on AIM. It was taken private by Unit4 Agresso in 2008 in a deal...

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400-plus firms back Local Enterprise Partnership

November 17, 2011
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Around 400 businesses are working with the West of England Local Enterprise Partnership (LEP) in 11 sector groups – a real sign of the willingness of the private sector to play its part, says LEP chairman Colin Skellett. “We have had seen successes during the year, which have included the creation of the Enterprise...

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Concern as unemployment increases in the South West

November 16, 2011
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The UK economy was dealt another blow today as the latest unemployment figures showed record levels of unemployment, particularly among young people. Statistics from the Office for National Statistics showed unemployment among young people at its highest level, surpassing a million for the first time. Some 178,000 people above the age of 16 are...

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Western Riverside developer Crest scoops housing accolade

November 15, 2011
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Crest Nicholson, the developer behind Bath's Western Riverside regeneration scheme, has been named Sustainable Housebuilder of the Year. The award recognises companies which demonstrate a real commitment to innovation in the housebuilding industry. Crest plans to build more than 2,000 homes on the 44-acre site as part of a £400m regeneration scheme.   Crest...

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West firms achieve growth but face challenging times, says survey

November 14, 2011
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Activity levels among South West firms rose last month, although the rate of expansion due to new business slowed, new figures show. The latest Lloyds TSB South West Business Activity/PMI Index survey, which tracks factors such as output, new orders, employment and prices, shows October’s rate of growth was solid, and stronger than that...

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