Business News

Novia says its sale to European private equity group will spur faster growth

December 18, 2020
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Novia says its sale to European private equity group will spur faster growth

Bath-based financial services firm Novia is predicting a step change in its growth next year after being acquired by one of Europe’s top private equity firms. One of Bath’s highest profile firms due to its sponsorship of Bath Rugby, Novia – which delivers market leading investment technology and service to advisers and their clients...

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No protection for Avon Rubber as delays on US military orders put skids under share price

December 18, 2020
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No protection for Avon Rubber as delays on US military orders put skids under share price

Shares in defence manufacturing group Avon Rubber continued to fall today after it confirmed delays to two major US military contracts could hit its financial results. The Melksham-headquartered group yesterday said approvals for protective gear ordered by the US Defense Logistics Agency and the US Army had been postponed due to a testing failure. ...

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Bath Unlimited’s development supported by University of Bath MBA students

December 18, 2020
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Bath Unlimited’s development supported by University of Bath MBA students

University of Bath MBA students have worked with the Bath Unlimited initiative to support it in developing its strategy, with their research underlining the city’s strong quality of life, its support for business start-ups and the strength of its financial and defence sectors.  Bath Unlimited was launched in October to support the economic development...

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Hotel joins exclusive collection alongside some of the world’s most luxurious venues

December 18, 2020
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Hotel joins exclusive collection alongside some of the world’s most luxurious venues

Homewood, the hotel owned by Bath-based Kaleidoscope Collection, has been accepted into the Small Luxury Hotels of the World collection for 2021. Set in 20 acres in Freshford, Homewood has 21 bedrooms along with a 10-bedroom lodge which opened this year.  It also boasts an intimate garden spa with outdoor pool while its Olio...

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Bristol Airport launches Covid-19 tests for passengers arriving on international flights

December 17, 2020
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Bristol Airport launches Covid-19 tests for passengers arriving on international flights

Passengers flying into Bristol Airport can now book to have a Covid-19 test five days after their arrival which could reduce the time they need to quarantine in the UK. The airport, which has been hit hard by a major drop in international travel caused by the pandemic, has teamed up with German firm...

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Hopes that new Bath-filmed period drama will serve up boost for city’s Covid-hit hospitality industry

December 17, 2020
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Hopes that new Bath-filmed period drama will serve up boost for city’s Covid-hit hospitality industry

Bath’s beleaguered hospitality industry is hoping for a boost in visitor numbers next year after a major TV period drama series filmed in the city premieres on Christmas Day. Bridgerton, described as a witty, romantic, emotional and thoroughly modern take on the Regency era, will be screened on Netflix over eight episodes.  Although set...

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Milsted Langdon advises on sale of ethical waste management firm to national group

December 16, 2020
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Milsted Langdon advises on sale of ethical waste management firm to national group

Regional accountancy firm Milsted Langdon, which has an office in Bath, has helped awith the sale of a Bristol-based ethical waste management company to a national market leader. Waste Source was launched in 2010 to make waste disposal a simpler, cheaper and more effective process so businesses could reduce their waste costs and increase...

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Bath Business Blog: John Grace, compliance & risk manager, Mogers Drewett. When a corporate Christmas gift becomes a bribe

December 14, 2020
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Bath Business Blog: John Grace, compliance & risk manager, Mogers Drewett. When a corporate Christmas gift becomes a bribe

This article may sound like humbug, but not all Christmas presents should be treated equally! The Bribery Act 2010 introduced a new regime by which all corporate hospitality or gifts had to be reasonable and proportionate. Given the current pandemic, not much hospitality is probably going on, but that does stop the giving of...

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Ahead of the Agenda: The Week Ahead

December 13, 2020
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Monday December 14 Trading announcement: SThree Tuesday December 15 Finals: Chemring, Driver Group, Shaftesbury Interims: Purplebricks, Ramsdens Holdings Trading announcement: IG Group Holdings Economic announcements: Unemployment rate, Claimant count rate Wednesday December 16 Final: Real Good Food Interims: Dixon Carphone, FRP Advisory Economic announcements: Producer price index, Consumer price index, Retail price index Thursday December 17 Finals: IntegraFin Holdings, SSP Group Interim: Watches of...

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Redde ready for recovery after being hit by lack of traffic accidents due to lockdowns

December 11, 2020
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Redde ready for recovery after being hit by lack of traffic accidents due to lockdowns

Bath-based specialist vehicle accident management group Redde has continued to feel the impact of Covid-19 as quieter roads have resulted in fewer prangs. But its acquisitive parent group, whose interests span the vehicle hire, repair and salvage markets, said it was bouncing back strongly from the pandemic.  Redde, formerly known as Helphire and an...

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