Blog Archives

Nationwide reports dip in consumer confidence

May 19, 2011
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Consumers grew more pessimistic about the outlook for the economy and spending last month, according to Britain’s biggest building society. Swindon-based Nationwide’s index of sentiment fell two points, slipping to 43 from a revised 45 in March. Its gauge of whether now is a good time to make major purchases...

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Kenyan trade links to be boosted

May 19, 2011
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Trade links between Bristol and Kenya are being boosted today with the visit to the city of 175 business people from the East African country. The event, which has been organised by the government’s trade-boosting body UK Trade & Investment (UKTI) and Barclays Bank, includes a ‘meet-the-buyer’ session when 15...

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Production setback for Nighthawk

May 18, 2011
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Nighthawk, the Bristol-based oil and gas production and development business with assets in the US state of Colorado, blames “worse than average winter weather” and a decline in output from its wells for a fall in production of around a third in the three months to March 31. The firm’s second-quarterly production...

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New environmental role created at Wilmott Dixon

May 18, 2011
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Construction company Willmott Dixon has created a new role in its Bristol office to promote environmental and sustainable innovation across its sites in the South West and Wales. Jo Rock has been appointed senior environmental manager to lead the firm’s ambitious policy so it is embedded within the job...

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Airbus sticks to A350 plans

May 18, 2011
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Airbus insists it will begin building the A350 XWB at the end of this year and that the next-generation airliner will be ready to go into service in the second half of 2013 - as planned. Parent company EADS has confirmed the timetable although it admits the “programme remains challenging”. EADS chief Louis...

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Export champion Renishaw forecasts record year

May 17, 2011
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Precision toolmaker Renishaw, one of the West of England’s engineering and exporting success stories, says it should achieve record full-year, pre-tax profits well ahead of market forecasts of around £75m. The forecast follow a 60% jump in third quarter revenue to £75.6m, announced today, of which £32 million was achieved...

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Americans fine BAE again

May 17, 2011
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bae

Defence contractor BAE Systems is to pay additional fines of up to $79m (£48m) for breaking US regulations governing the export of fighter planes abroad. The group – Britain’s biggest manufacturer and Europe’s biggest defence company – says the new fine is part of a civil settlement with the...

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Rolls-Royce seals £3bn takeover

May 17, 2011
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UK aerospace giant Rolls-Royce and partner Daimler look to have sealed a 3.4bn euro (£3bn) takeover of German engine-maker Tognum AG, the world’s second-biggest manufacturer of high-speed diesel engines for the marine, energy and defence industries. Members of the Tognum board agreed to back the bid with their combined 5%...

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Inflation rises to 3 year high

May 17, 2011
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Inflation has leapt to 4.5%, its highest for two-and-a-half years, surprise figures out today show. Most analysts had expected the UK Consumer Prices Index (CPI) annual rate of inflation for April to come in at 4.2 per cent. The Treasury blamed today’s figure – up from 4% in March...

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Willmott Dixon wins major award

May 16, 2011
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National construction firm Willmott Dixon has won the title of Major Contractor of the Year at the Building magazine awards. The firm, which has a regional office in Bristol, has achieved annual turnover of £1 billion in 2009 – an increase of 68% since 2008. The Bristol office’s major...

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Good Week, Bad Week

May 16, 2011
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Ken Rees, of The Newsroom media training consultancy, picks his winners and losers of the past seven days: Good Week - Brandon Hill Communications named ‘most awarded’ agency in the region by national marketing magazine, The Drum Bad Week – The UK as a whole sees inflation rise higher...

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Bristol Airport confident of new routes after conference

May 16, 2011
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Bristol Airport is confident that new destinations are in the pipeline following its attendance at Routes Europe, the annual conference which brings together airports and airlines to discuss new flight opportunities. Over the course of the three-day event held in Cagliari, Sardinia, Bristol Airport met with 20 airlines.  As...

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Big businesses declare global commitment to skills

April 14, 2011
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Global businesses, including Honda, Siemens, Bentley and HSBC have signed up to support one of the country’s biggest training skills events, WorldSkills London 2011. As an event sponsor, Honda is investing in the next generation of skilled workers who could eventually by employed at the company’s Swindon plant. The...

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