Finance

Bath entrepreneur who turned to philanthropy to be showcased in Smith & Williamson webinar

January 7, 2021
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Bath entrepreneur who turned to philanthropy to be showcased in Smith & Williamson webinar

An inspirational Bath-based entrepreneur-turned-philanthropist will talk about her career – including building up and selling Europe’s first holiday rental website – in a webinar to be hosted by financial and professional services firm Smith & Williamson. Marcelle Speller OBE, pictured, is appearing at the online event, called An Entrepreneur’s Journey Through Business to Impact, at 5pm next Tuesday, January 12.   She launched holiday-rentals.com, which advertised private holiday...

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Former World Bank lead economist to become next chair of alternative regional lender SWIG Finance

January 6, 2021
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SWIG

Malachy McReynolds, the chair of regional alternative finance lender SWIG Finance, is to step down in March after five years in the role. He will be replaced by Christine Allison, a former lead economist for the World Bank, who has been a non-executive director of SWIG Finance for the past three-and-a-half years. During that...

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Pearson May Financial Update: Are big changes afoot for Capital Gains Tax?

January 6, 2021
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Pearson May Financial Update: Are big changes afoot for Capital Gains Tax?

Significant changes to Capital Gains Tax could be in the pipeline this spring following a report from the Office for Tax Simplification (OTS), writes Pearson May partner Jacqui Bowden. Chancellor Rishi Sunak commissioned the report back in July 2020, asking the OTS to consider the scope of the tax and the rates which apply,...

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New ‘body blow’ for Bath businesses as UK enters third national lockdown

January 5, 2021
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New ‘body blow’ for Bath businesses as UK enters third national lockdown

The latest lockdown will be another “body blow” to Bath firms, coming after the uncertainty caused by Brexit and lost trade in the run-up to Christmas, the region’s biggest business group has warned. Business West, which runs Bath Chamber of Commerce, said firms that had survived so far with Covid-related support from the government...

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Government must do more to help Covid-hit businesses, says CBI, as Bath enters Tier 3

December 30, 2020
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Government must do more to help Covid-hit businesses, says CBI, as Bath enters Tier 3

The South West CBI has called for a rethink of government support for businesses hit by Covid-related restrictions ahead of much of the region going into higher tiers – including Bath and North East Somerset – from midnight tonight. Bath and North East Somerset along with Wiltshire will move into Tier 3, dealing a...

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2030 net zero carbon goal adopted by Business West – with a vow to help firms reach same target

December 23, 2020
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2030 net zero carbon goal adopted by Business West – with a vow to help firms reach same target

Business West, the region’s largest business organisation, is aiming to achieve net zero carbon emissions by 2030 and has introduced three new steps to help it – and firms across the South West – reach the ambitious target. The organisation, which runs Bath Chamber of Commerce and the Bath & North East Somerset Initiative...

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Survey shows region’s high-growth firms adapting to new normal to resume expansion

December 18, 2020
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Survey shows region’s high-growth firms adapting to new normal to resume expansion

More than two-thirds of high-growth firms in the South West plan to continue to expand next year after adapting for a post-Covid world, new research shows. According to the first survey to chart these businesses during the coronavirus pandemic it has created significant barriers to growth for 58% of South West firms, with operational...

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Mulberry says it can thrive by itself after takeover bid from retail giant falls through

December 18, 2020
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Mulberry says it can thrive by itself after takeover bid from retail giant falls through

The chairman of Somerset-based luxury fashion brand Mulberry today insisted it had a bright future as a standalone business after Mike Ashley’s Fraser Group pulled out of talks to take it over. Frasers, formerly known as Sports Direct, said last month it was considering a bid for Mulberry – best known for its much-sought-after...

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‘Perfect storm’ for manufacturers as survey shows Brexit uncertainty colliding with impact of Covid-19

December 18, 2020
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‘Perfect storm’ for manufacturers as survey shows Brexit uncertainty colliding with impact of Covid-19

Just 2% of the South West’s small to medium-sized manufacturers think Brexit will have a positive impact on their recovery, while more than half admit they still cannot predict how the transition out of the EU will affect their business. And with the UK-EU talks entering their final hours with no sign of a...

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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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