Philip Morris International, the US tobacco group behind the Marlboro cigarette brand, is to buy specialist pharmaceutical firm Vectura for just over £1bn after outbidding global private equity giant Carlyle. Vectura, which has its roots in a spin-out from the University of Bath, had agreed to Carlyle’s £958m approach but withdrew support after receiving...
Bath firms are being urged to join pioneering city-based charity Designability’s new Ten for Ten Club as it marks 10 years of its flagship kids’ powered wheelchair loan service. Designability has been providing its unique Wizzybug wheelchairs free of charge to very young disabled children across the UK since 2011. Without dedicated funding for...
Bath Building Society has been awarded the FairLife Mark for Mortgages and Cash Savings in recognition of its ethical approach to business. The FairLife Mark represents a new fair trading initiative for the finance industry. It recognises organisations that price honestly and trade fairly with their customers and raises money to promote financial education...
Bath-based financial services technology specialist Altus is on the fast track to further expansion after being bought by a Canadian software company. New owner Equisoft, a global provider of advanced insurance and investment digital services, has pledged to invest in the business, which was launched in 2005 with a mission to speed up financial...
Bath firms will be guided through the latest changes to the UK’s innovation incentive landscape in an online event staged by accountancy firm Smith & Williamson next week. The Zoom webinar will highlight new rules around the Patent Box regime, which came into force on June30, as well as the recent government consultation on Research And Development (R&D) Tax relief. It is targeted at professionals...
Bath’s Christmas Market is to be extended for an additional seven days this year to support stallholders and traders and the city’s retail and hospitality sectors as they look to recover from the impact of Covid-19 on their businesses. It is the first time in the market’s 20-year history that it will run for...
Invoice financier Advantedge Commercial Finance has appointed Ruth Bethel as its business development manager for the South West. Ruth, pictured, has re-joined the business having previously spent three years with it as regional sales manager before leaving four years ago. In her new role she will be responsible for leading the continued development of the...
As we have mentioned in some of our previous articles, there was a change last year to the reporting and paying of Capital Gains Tax (CGT) in relation to disposals of UK residential property, writes Pearson May partner Jacqui Bowden. This change came into effect on April 6, 2020, and with the recent boom...
A business mentor, coach and advisor who spent much of his career in the Bath area’s defence electronics industry has become vice-chair of the Institute of Directors’ South West region. In his new role, Steve Hill, pictured, will support the transition to a new chair later this year when current chair Muir Macdonald steps down...
Nine new directors and a new partner have been appointed by global accountancy group PwC’s West & Wales region as it heads into its new financial year. New audit partner Stuart Couch, pictured, joined PwC in the region as a director in 2014, having been with the firm in London since 2001. Born and educated...
