Finance

Additional funds made available by combined authority to help close region’s digital skills gaps

August 19, 2021
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Additional funds made available by combined authority to help close region’s digital skills gaps

A second round of funding to help address Bath’s digital skills gaps, as well as helping the city’s economy recover from the pandemic, is being released by the West of England Combined Authority (WECA). Applications are being invited for projects which together will support more than 1,000 people, helping them gain much-needed digital skills...

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Pearson May weekly financial round-up

August 19, 2021
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring the top national finance stories. Unincorporated businesses could face higher tax bills  Consultation aims to align the way self-employed and others are taxed. Find out more here Could NICs rates be about to change for 2022/23? Reports suggest the government might be about...

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Cross-border takeover latest international deal for Bishop Fleming’s corporate finance team

August 19, 2021
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Cross-border takeover latest international deal for Bishop Fleming’s corporate finance team

Regional accountancy firm Bishop Fleming has advised on another cross-border deal as international firms continue to snap up UK businesses to grow their global operations. The corporate finance team at Bishop Fleming, which has an office in Bath, led the UK transaction for Canadian headquartered software consulting firm Bits In Glass’s acquisition of Crochet Technologies, a...

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Bath firms were forced to innovate to survive as Covid swept country, according to new survey

August 18, 2021
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Bath firms were forced to innovate to survive as Covid swept country, according to new survey

The Covid-19 pandemic prompted a wave of innovation among businesses in Bath and across the South West, with nearly half saying they pivoted their operations to survive. According to a new Lloyds Bank survey, 46% of firms in the region they were forced to become more creative and innovative in finding new areas of...

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Size matters! Lovehoney hooks up with German firm to become world’s biggest sex toy retailer

August 13, 2021
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Size matters! Lovehoney hooks up with German firm to become world’s biggest sex toy retailer

Bath-based Lovehoney is poised to become the world’s largest adult toy business by merging with a German retailer of premium sexual wellness products. The link-up with WOW Tech Group will create a global business worth €1bn (£850m) and combine some of the industry’s largest brands.  The move comes 19 years after Lovehoney was launched...

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Avon Protection shares suffer as firm warns order delays will put revenues under pressure

August 13, 2021
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Avon Protection shares suffer as firm warns order delays will put revenues under pressure

Shares in defence manufacturing group Avon Protection slumped by 25% this morning after it said its revenues are likely to be impacted for the next two years. The Melksham-headquartered group, which specialises in protective gear, masks and breathing equipment for the military and first-responder markets, blamed a combination of factors, including delayed orders, for...

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Storm of protest as pharma firm Vectura’s directors back £1bn bid from makers of Marlboro cigarettes

August 13, 2021
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Storm of protest as pharma firm Vectura’s directors back £1bn bid from makers of Marlboro cigarettes

Health Secretary Sajid Javid has been urged to block the £1bn takeover of specialist inhaler firm Vectura by tobacco giant Philip Morris International (PMI). Directors at Vectura, which has its roots in a spin-out from the University of Bath, last night recommended the Marlboro cigarette maker’s offer, unleashing a storm of protest from dozens of...

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Investment and arrival of experienced chair puts Bath FinTech on road to expansion

August 13, 2021
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Investment and arrival of experienced chair puts Bath FinTech on road to expansion

Bath-based specialist software firm Dancerace is looking ahead to a period of strong growth after receiving investment and appointing a tech sector serial entrepreneur as chairman. The firm, which was launched in 1992, develops software for the receivables, trade and asset-based finance market.  It also offers training, consultancy and support services to help its...

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Confidence levels high among region’s small firms as they continue to recover from pandemic

August 13, 2021
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Confidence levels high among region’s small firms as they continue to recover from pandemic

The South West’s small and medium-sized businesses are among the UK’s most confident when it comes to their prospects and the wider economy, according to two new surveys. The latest regional survey by the Federation of Small Businesses (FSB) reveals that small business owners in the region are the country’s most optimistic for profit...

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Hat-trick of awards boosts Milsted Langdon forensic partner’s place among UK’s top expert witnesses

August 12, 2021
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Hat-trick of awards boosts Milsted Langdon forensic partner’s place among UK’s top expert witnesses

Roger Isaacs, a long-standing partner at regional accountancy firm Milsted Langdon, has added to his awards tally by being named the UK’s leading forensic accountancy professional for the third year running. Roger, pictured, claimed the hat-trick in the recent Lawyer Monthly Expert Witness Awards, which recognise those who contribute vital evidence and expertise to some...

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