Business News

Entrepreneurs upbeat on double-digit growth despite market conditions

October 7, 2011
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Some 39% of South West entrepreneurial businesses are forecasting double-digit growth over the year, led by organic and new product development, while 38% are stockpiling cash, according to the latest entrepreneurship survey by business advisors Deloitte. Despite the ongoing economic instability, the survey reveals that 56% have achieved revenue growth in line with or...

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Finance firm finds fertile ground for growth among small businesses

October 7, 2011
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Growing demand for funding from small firms is benefiting Bath-based specialist finance firm 1pm. The firm, which stages its annual meeting in the city today, said it remains confident that it can continue to grow its lease portfolio further, despite the tough market conditions. The firm focuses on providing finance small and medium-sized businesses....

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IFA wraps up top financial industry award

October 6, 2011
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Independent financial advisers Monahans Financial Services has been ranked among the UK’s top three firms for innovation in using technology to provide excellence in customer service. The firm, part of Monahans chartered accountants, collected the accolade in the recent Aberdeen UK Platform Awards, which recognise businesses that have enhanced their client service and investment...

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Bank of England to inject £75bn into economy to head off crisis

October 6, 2011
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A further £75bn is to be pumped into the economy by the Bank of England to protect it from the euro crisis and avoid it sliding back into recession. Some £200bn has already been put into the economy through quantitative easing (QE) – buying assets such as government bonds, in an attempt to boost...

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Bath building project to take on the world

October 6, 2011
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Bath’s £5.5 million development of its Roman Baths is set to go head-to-head with others from the rest of the UK, Europe, Africa and the USA, to be named best in category and achieve the ultimate accolade Global Project of the Year at the RICS Awards grand final 2011. The project was crowned winner,...

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Satellite software comes down to earth for oil drilling trial

October 6, 2011
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Innovative satellite control software developed by Chippenham-based specialist IT firm SciSys is to be used in a trial to automate oil and gas pipeline drilling processes. SciSys’ APEX software has been chosen by the European Space Agency (ESA) for the project. Originally designed to control in-flight satellite telemetry, it has now been adapted to...

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Accountants launch small business advice service

October 5, 2011
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Small businesses in Bath are being offered free expert advice from chartered accountants as part of a recently-launched initiative. The Business Advice Service (BAS) aims to help small companies and start-ups with business and financial advice to spur economic growth. Small and medium business (SMEs) owners can contact accountants in their area on a...

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Merger activity sinks to 1990s levels as value gap widens

October 4, 2011
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Mergers and acquisitions involving British targets are likely to drop dramatically to their lowest level since the 1990s, new research shows. Some 402 transactions worth a total of £23.8bn have been recorded so far in the third quarter of this year. And with less than two weeks until the end of the three-month period, deal volume...

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Foreign trade advice on tap at West environment trade show

October 4, 2011
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Green businesses in the South West looking to trade overseas will be able to receive export advice at the Environmental Trade Show UK (ETS UK) later this month. Expert advisors from UK Trade and Investment South West (UKTI), Business West and Enterprise Europe Network (EEN) will be on hand in the International Trade Lounge...

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. . . while regional airline boosts services to Aberdeen and Leeds

October 3, 2011
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Eastern Airways has increased flights from Bristol Airport to Aberdeen and Leeds-Bradford from two to three each weekday to meet rising demand. Eastern Airways’ commercial director Kay Ryan said: “Our conveniently timed services are by far the quickest way to get to Yorkshire and north east Scotland and save valuable time compared to ground...

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