Business News

Lockdown home shopping bonanza delivers boost to Wincanton

July 24, 2020
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Lockdown home shopping bonanza delivers boost to Wincanton

The increase in home deliveries triggered by the spike in online shopping during lockdown will boost profits at logistics group Wincanton, its directors have said. The Chippenham-headquartered group, which has a fleet of 3,500 vehicles and operates 14m sq ft of warehouse space, is a major player in both the supermarket fulfilment and home...

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TEDxBath 2020 organisers shrug off Covid-19 crisis to announce first speakers

July 24, 2020
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TEDxBath

The first speakers have been announced for this year’s TEDxBath as its organisers vow to go ahead with the event in October. International bestselling writer and renegade economist Kate Raworth, creative strategist Dan Burgess and Royal United Hospital director of intensive care Dr Andy Georgiou are to speak at what will be the third...

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Mulberry looks to bag social-savvy Chinese consumers by appointing digital agency

July 23, 2020
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Mulberry looks to bag social-savvy Chinese consumers by appointing digital agency

Somerset-based fashion label Mulberry has appointed a digital media agency specialising in major luxury brands to target wealthy Chinese consumers. The firm, best known for its upscale leather bags, said ForwardPMX would spearhead brand awareness by using hugely popular Chinese social media platforms such as Weibo and WeChat.  Founded in 1971 by Somerset-born designer...

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Royds Withy King welcomes move to allow Wills to be witnessed via video link

July 23, 2020
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Royds Withy King welcomes move to allow Wills to be witnessed via video link

Changes to legislation that will mean individuals can have their Wills witnessed via video links have been welcomed by Bath-headquartered law firm Royds Withy King, which has been using WhatsApp to liaise with clients in this way during lockdown. The government this week said that it will introduce a retrospective law to reassure thousands...

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Pearson May weekly financial round-up

July 23, 2020
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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 you the top national finance stories. Understanding termination payments  How payments for redundancy are taxed. Read the guide here Is buy-to-let as attractive as it once was? Weighing up the effects of landlord tax changes. Click here to find out more    

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Profit warnings soar to 20-year high as Covid-19 crisis hits South West’s quoted firms

July 23, 2020
By
EY

The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...

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Smith & Williamson: Enterprise – profit with purpose. Solving the food waste problem

July 22, 2020
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Smith & Williamson: Enterprise – profit with purpose. Solving the food waste problem

The latest edition of Smith & Williamson’s Enterprise leadership publication profiles Tessa Clarke, Bath-based co-founder & CEO of OLIO.  The world has a food waste problem: up to half of the food produced globally is never eaten, equivalent to more than $1trillion dollars-worth. That could readily feed the 800m people across the globe without enough food to live on,...

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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

July 21, 2020
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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses,  according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...

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Ahead of the Agenda: The Week Ahead

July 20, 2020
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Monday July 20 Finals: Equiniti Group, Ultra Electronics Trading announcements: Surface Transforms, Tungsten Corporation Tuesday July 21 Finals: Begbies Traynor, Redcentric, SDI Group Interims: Audioboom Group, Gresham House, TClarke Trading announcements: DP Eurasia, Euromomey, Intermediate Capital, RPS Group Economic announcement: Public sector net borrowing Wednesday July 22 Finals: Global Yachting Group, Knights Group, Stagecoach Trading announcements: Close Bros, Eve Sleep, Tristel Economic announcement: CBI...

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Webinar: How Bath businesses can build back better and boost morale by supporting local charities

July 17, 2020
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Webinar: How Bath businesses can build back better and boost morale by supporting local charities

Practical ideas on how businesses can continue to support charities during the coronavirus pandemic are to be aired at a webinar hosted by Quartet, the community foundation for the West of England. The third sector is facing its toughest time for a generation with hundreds of thousands of people needing support just as charities’...

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