Finance

Jobs to be created by Bath finance firm 1pm following move to bigger office

January 16, 2015
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Jobs to be created by Bath finance firm 1pm following move to bigger office

1pm, the Bath-based lender to the small and medium-sized business sector, is poised for further expansion after completing its move to larger premises The fast-growing firm has taken just over 4,000 sq ft of refurbished office space in St James House, The Square, on Lower Bristol Road and will now go ahead with plans...

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Bath businessman joins board of regional investment firm as it targets local companies

January 16, 2015
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Bath businessman joins board of regional investment firm as it targets local companies

Bath businessman Graham Miller has been appointed by alternative finance provider South West Investment Group (SWIG) Capital as a non-executive director to the board of its fund-holding arm. Mr Miller, pictured, a non-executive director of Bath-based IT services group IPL, joins the group as it looks to raise its profile in the West of...

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Corporate fraud cases soar – with staff most likely to be behind the crime, new report reveals

January 14, 2015
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Corporate fraud cases soar – with staff most likely to be behind the crime, new report reveals

Businesses are increasingly falling victim to fraud – most of it committed by their own employees, new figures show. The number of cases in the South West soared by 136% last year to 33, from 14 in 2013, according to accountants KPMG’s latest Fraud Barometer. Thirteen firms in the region were hit by the...

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2014 ended on ‘a whimper’ for West firms as business confidence evaporated, survey reveals

January 13, 2015
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2014 ended on ‘a whimper’ for West firms as business confidence evaporated, survey reveals

Confidence among West of England businesses petered out at the end of 2014 and has started the new year lower than at any time over the previous 12 months, new research shows. Domestic sales, cashflow and recruitment expectations all fell during the fourth quarter, according to results of the latest business survey by Business...

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Innovative software firm signals more growth after securing new investment

January 8, 2015
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Innovative software firm signals more growth after securing new investment

Aria Networks, the leading-edge Chippenham-based tech firm, is planning to strengthen its lead in the fast-growing Software Defined Networking (SDN) market after securing further investment. The firm, whose customers include major US and European telecoms companies, cloud and datacentre operators, and social network providers, is already ahead of its SDN rivals. Its products, developed...

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Old Mill overshoots target to net £22,000 for School in a Bag charity

January 8, 2015
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Old Mill overshoots target to net £22,000 for School in a Bag charity

Accountancy firm Old Mill has smashed its 2014 fundraising target of £5,000 by raising more than four times as much for its charity of the year – the Piers Simon Appeal’s School in a Bag initiative. The firm, which has offices in Melksham and Wells, netted £22,000 for the Yeovil-based charity that provides rucksacks...

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Bath bounced back in 2014 – don’t ruin it next year, Chamber of Commerce boss warns politicians

December 29, 2014
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Bath bounced back in 2014 – don’t ruin it next year, Chamber of Commerce boss warns politicians

Phil Smith, managing director of Business West, the organisation behind Bath Chamber of Commerce, looks back at the past 12 months and considers why next year’s General Election is set to be one of the most important in recent memory. “The noise and glare of fireworks this New Year must not mask the fact...

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Good Energy shares lose power after it warns that warm weather this year will cool profit growth

December 18, 2014
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Good Energy shares lose power after it warns that warm weather this year will cool profit growth

Shares in Good Energy, the Chippenham-based renewable electricity supplier and generator, fell by more than 6% yesterday after it warned that its profits will be lower than expected this year. The fall came despite the firm announcing that it had secured a new £45m debt facility to invest in future generating capacity and customer...

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South West law firms’ confidence soars despite tougher competition and economic uncertainty

December 18, 2014
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South West law firms’ confidence soars despite tougher competition and economic uncertainty

Confidence among law firms in the South West is at its highest since 2006, according to new research, with a third planning to open new offices next year. However, most also say that competition has got tougher with cashflow management a particular challenge. The snapshot of a sector undergoing fundamental change emerges from the...

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Jobless fall welcomed by Bath Chamber, but it warns of weaknesses in economy

December 18, 2014
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Jobless fall welcomed by Bath Chamber, but it warns of weaknesses in economy

Bath Chamber of Commerce has welcomed the latest decrease in unemployment but warned that “fundamental weaknesses” remain in the economy which threaten to hold back recovery. Figures from the Office for National Statistics (ONS) published on Wednesday show unemployment across the South West fell by 2,000 between August and October, taking the region’s jobless...

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