Business News

Italian acquisition for Rotork as it looks to overcome impact of oil price collapse

August 4, 2015
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Italian acquisition for Rotork as it looks to overcome impact of oil price collapse

Bath-based global engineering group Rotork hit the acquisition trail today, snapping up Italian valve manufacturer M&M International for €9.7m (£6.9m). The deal was announced as the firm unveiled falls in half-year pre-tax profits and revenues due to what it described as a challenging trading environment. Pre-tax profits during the six months to June 30...

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New business systems manager joins estate agency chain Andrews

August 3, 2015
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New business systems manager joins estate agency chain Andrews

Estate agency and property group Andrews has appointed Tim Bishop as its new business systems manager – the third senior IT role to be created at the firm in the past year. Tim, pictured, joins Keynsham head-quartered Andrews from the Financial Supervisory Authority of Iceland where he was software engineer based in Reykjavik for three-and-a-half years.  His...

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Almeda Facilities keeps it in the family with appointment of Brady George as managing director

August 3, 2015
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Almeda Facilities keeps it in the family with appointment of Brady George as managing director

Facilities management business Almeda has appointed Brady George as managing director, taking over from his father Gary, who set up the business in 2007. Brady, aged 29, joined the Keynsham-based firm six years ago and worked in every department of the business before taking on his previous role as operations director. The family-owned business,...

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Ahead of the Agenda: The Week Ahead

August 1, 2015
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Monday 3 August Interims: Coats Group, Fidessa, HSBC, Intertek Group, Keller, Telit Communications, Trinity Mirror, Ultra Electronics AGMs: Camco Clean Energy, Dods Group, Vedanta Resources Economics: Markit UK PMI manufacturing  Tuesday 4 August Interims: Clarke (T), Direct Line Insurance, Fresnillo, Just Eat, LSL Property Services, Meggitt, Morgan Sindall, Rotork, SDL, Standard Life, Travelport Worldwide,...

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Upbeat West firms looking to recruit more staff as growth prospects increase

July 31, 2015
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Upbeat West firms looking to recruit more staff as growth prospects increase

More than two thirds of small and medium-sized in the South West expect to take on more staff over the next 12 months – more than any other UK region – according to a new survey. Some 59% of firms in the region also believe that permanent, skilled staff will benefit the growth of...

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New accountancy body president calls for end to brain drain to London

July 31, 2015
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New accountancy body president calls for end to brain drain to London

Stopping the brain drain of young talent from the West of England to London is among the priorities of the newly appointed regional president of ICAEW, the professional organisation for chartered accountants. Rick Sturge, pictured, has said he will work closely with regional members of ICAEW during his 12 months in office to raise the...

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Thrings advises national booksellers’ group in legal fight against Amazon

July 31, 2015
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Thrings advises national booksellers’ group in legal fight against Amazon

Commercial law firm Thrings, which has its largest office in Swindon, is advising the trade association for bookshops in its legal battle against what it sees as market abuse by online retail giant Amazon. The EU’s Competition Directorate (DGC) has launched a competition law investigation into Amazon's e-book distribution arrangements. But the Bookseller's Association...

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Bath MP calls for more affordable housing at property and construction event

July 30, 2015
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Bath MP calls for more affordable housing at property and construction event

Bath desperately needs more affordable housing to ensure its future economic wellbeing, the city’s recently-elected Bath MP Ben Howlett told local property professionals. Key to this was overhauling the “archaic planning system” to free-up brownfield sites for housing development, Mr Howlett said. Addressing the second in a series of property and construction networking events...

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1pm in line for further expansion after making first acquisition

July 29, 2015
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1pm in line for further expansion after making first acquisition

1pm, the fast-growing Bath-based specialist lender, has made its first acquisition with the takeover of a firm providing equipment finance and broking. 1pm, which last Friday announced it was seeking bolt-ons to continue its rapid expansion, this week said it was paying up to £12m in cash for MHH Holdings, a Lancashire-based group which...

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Ahead of the Agenda: The Week Ahead

July 26, 2015
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Monday 27 July Interims: Acacia Mining, Dialight, Fevertree Drinks, Hiscox, Reckitt Benckiser, Senior, XP Power Final: Goodwin Trading statements: Cranswick, Petra Diamonds AGM: Cranswick Economics: CBI trends – total orders, selling prices Tuesday 28 July Interims: BP, Brammer, Burford Capital, Domino’s Pizza, Drax, Elementis, GKN, Greencoat UK Wind, Informa, ITV, Jardine Lloyd Thompson, McColl's...

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