Finance

Pressure on interest rates eases as inflation falls below 2%

February 18, 2014
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Pressure on interest rates eases as inflation falls below 2%

Business West, which runs the Bath Chamber of Commerce, has welcomed the fall in inflation to 1.9% – the first time it has been below the important 2% level since 2009. The rate, as measured by the consumer prices index, was down from 2% in December. The surprise fall – most economist expected it...

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Return to the West for HSBC’s new area commercial director

February 17, 2014
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Return to the West for HSBC’s new area commercial director

HSBC has appointed James Jordan as area commercial director for Bath and Bristol with responsibility for supporting businesses turning over between £500,000 and £30m. The appointment marks a return to the region for James, who has spent the past two years as area commercial director for HSBC in Central London. James, pictured, has spent his entire career with HSBC,...

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Management buyout proves ticket to thrive for charity fundraising group

February 12, 2014
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Management buyout proves ticket to thrive for charity fundraising group

Specialist charity fundraising services provider The Woods Group, which works with major organisations such as RSPB, National Trust and Motability, has been bought by its management team. The Chippenham-based firm stages raffles, weekly lotteries, response handling and fulfilment allowing its charity clients to concentrate on core fundraising campaigns. The deal, financial details of which...

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Lloyds strengthens commercial banking team with new appointment

February 12, 2014
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Lloyds strengthens commercial banking team with new appointment

Lloyds Bank Commercial Banking, the division that supports mid-market businesses and large corporates, has further strengthened its West operation with the appointment of Daniel Tregunna as relationship director.  Daniel will be part of the bank’s 25-strong mid-markets team, which supports a wide network of businesses with annual turnover in excess of £25m, providing financial...

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£4m fund launched to boost innovation among West businesses

February 12, 2014
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£4m fund launched to boost innovation among West businesses

Innovative businesses in the Bath area working on pioneering research and development projects can apply for financial help through a £4m innovation fund launched today by the University of the West of England (UWE). Grants of between £25,000 and £150,000 will be available to small and medium-sized enterprises (SMEs) as well as large companies...

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IT director joins accountancy firm Old Mill as it steps up investment

February 11, 2014
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IT director joins accountancy firm Old Mill as it steps up investment

Accountants and financial planners Old Mill have recruited their first IT director in a move that reflects the firm’s significant on-going investment in its IT systems and infrastructure. Highly-experienced IT specialist James, pictured, will head Old Mill’s existing three-man IT team across its five West Country offices, including Wells and Melksham. The 41-year-old previously...

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Growth funding for six of the best of Bath’s fledgling hi-tech, digital and IT firms

February 10, 2014
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Growth funding for six of the best of Bath’s fledgling hi-tech, digital and IT firms

Six Bath hi-tech firms have received investment totalling nearly £400,000 from a regional growth fund to help them develop their pioneering products. The businesses – Neighbourly, Clean Energy, Citeab, Tivarri, Envolve Technologies and CloudFind – are based at the city’s SETsquared centre, which supports small, fast-growing innovative businesses, mainly in the hi-tech sector. Centre...

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Pay rises on the way for staff at most firms, survey reveals

February 4, 2014
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Pay rises on the way for staff at most firms, survey reveals

Nearly two thirds of West firms plan to increase wages this year as the region’s economy bounces back from recession, new research shows. This is despite half of the businesses taking part in the Barclays Employers Survey 2014 saying wage pressure from employees was not an issue. However, some 29% said it is a...

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Government business rate package dismissed as ‘a sticking plaster’ as pleas for full reform gather pace

January 29, 2014
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Government business rate package dismissed as ‘a sticking plaster’ as pleas for full reform gather pace

Calls for a full-scale shake-up of business rates continued unabated today despite the Government pledging a £415m package of relief for small firms. The West of England’s largest business group Business West, which runs the Bath Chamber of Commerce, said while it welcomed the announcement, it amounted to little more than “a sticking plaster”...

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Investors In People standard to be delivered by Grant Thornton

January 28, 2014
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Investors In People standard to be delivered by Grant Thornton

Accountants Grant Thornton have been appointed to deliver the Investors In People (IIP) standard across the South of England following a competitive tender process. Grant Thornton, which covers the West region from its office in Bristol, will hold the licence from April 1 for a three-year period. This appointment is a key part of...

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