Finance

Jobs to be axed at Mulberry as luxury brand feels impact of coronavirus pandemic

June 12, 2020
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Jobs to be axed at Mulberry as luxury brand feels impact of coronavirus pandemic

Somerset-based upmarket fashion brand Mulberry is planning to shed hundreds of jobs as it struggles to overcome the massive cost of the Covid-19 pandemic on the business. The firm, best known for its luxury leather bags, employs 1,140 staff in the UK – around half of them at its head office and factory at...

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£1m coronavirus interuption loan secures bakery group’s future as it prepares to reopen outlets

June 12, 2020
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£1m coronavirus interuption loan secures bakery group’s future as it prepares to reopen outlets

A bakery chain based near Bath is to reopen its 45 branches after securing £1m in funding through the Coronavirus Business Interruption Loan Scheme (CBILS). The Cornish Bakery, which has its headquarters at Paulton and an outlet in Abbey Churchyard in Bath, closed the doors of its bakeries to customers on March 23 and...

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£1m fund launched to help firms innovate to meet challenges of the coronavirus crisis

June 12, 2020
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£1m fund launched to help firms innovate to meet challenges of the coronavirus crisis

Small and medium-sized Bath businesses investing in digital innovation to address challenges arising from Covid-19 can access grants of between £10,000 and £40,000 under a new scheme started by UWE Bristol. The university’s £1m Digital Innovation Fund is aimed at helping firms ranging from start-ups and micro businesses to more established organisations as they...

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UK quarantine rules hitting Bath’s exporters and tourism industry, says Business West

June 11, 2020
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UK quarantine rules hitting Bath’s exporters and tourism industry, says Business West

Business West, the region’s largest business organisation, has joined bodies representing business, education and employment in urging the government to rethink its controversial quarantine rules for travellers arriving in the UK. In an open letter to the home, foreign and transport secretaries, Business West, UK Hospitality, Universities UK and others argue that it was...

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Bath Business Blog: Sean McDonough, Mogers Drewett employment partner. Furlough scheme changes explained

June 11, 2020
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Bath Business Blog: Sean McDonough, Mogers Drewett employment partner. Furlough scheme changes explained

Chancellor Rishi Sunak recently announced more details on the extension of the Coronavirus Job Retention Scheme (CJRS), including bringing forward by a month the option to bring furloughed employees back part time.  With so much information coming out from the government on the scheme, Mogers Drewett employment partner Sean McDonough here highlights the key...

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Pearson May weekly financial round-up

June 11, 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. This week we look at more issues linked to the coronavirus pandemic. Domestic reverse charge VAT delayed until 2021  Covid-19 prompts another delay to change for construction services. Find out here what’s changed...

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Designer menswear retailer welcomes ‘lifeline’ of Business Interruption Loan Scheme

June 11, 2020
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Designer menswear retailer welcomes ‘lifeline’ of Business Interruption Loan Scheme

One of the West of England’s largest independent men’s fashion retailers is surviving the coronavirus lockdown after securing government-backed bank funding from Barclays.  Peasedown St John-based John Anthony has been forced to close its five outlets, which sell designer menswear, pictured, including its store on Bath’s High Street. While it has been able to...

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Programme launched to support employees’ mental health during Covid-19 crisis

June 9, 2020
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Programme launched to support employees’ mental health during Covid-19 crisis

A new support programme has been set up to help Bath firms whose employees’ mental health and wellbeing have been impacted by the coronavirus pandemic. The West of England Combined Authority (WECA) is investing £100,000 to develop Thrive West, which aims to address some of the key mental health issues businesses say their employees...

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Appointments strengthen Mogers Drewett’s corporate commercial and private client teams

June 9, 2020
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Appointments strengthen Mogers Drewett’s corporate commercial and private client teams

Regional law firm Mogers Drewett has made two appointments to its corporate commercial and private client teams in its Bath office. Solicitor Dominic Shard joins the corporate commercial team from London firm BDB Pitmans, where he specialised in insolvency and distressed mergers and acquisitions, while solicitor Hannah Welbourn, who previously worked in the Bath...

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Pearson May Financial Update: Don’t overlook the P11D filing deadline

June 9, 2020
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Pearson May Financial Update: Don’t overlook the P11D filing deadline

The main areas of focus for most businesses recently have understandably been in connection with keeping the business afloat and making use of the various coronavirus-related grants and funding available, writes Pearson May partner Matthew Rutter. As mentioned in previous articles over the last couple of months, HM Revenue & Customs (HMRC) has deferred...

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