Finance

‘Build a fairer future for our young people’ firms told as major new report brands Bristol a ‘divided city’

November 25, 2022
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‘Build a fairer future for our young people’ firms told as major new report brands Bristol a ‘divided city’

An ambitious plan to tackle poverty and close the inequality ethnic gap in Bristol was officially launched this week with a plea to businesses to get involved and end what it calls a “divided city”. OurCity2030 aims to get young people from low-income households, starting from inner-city Bristol, into...

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Recession hitting Bristol city centre businesses hard as worried shoppers cut back on spending

November 25, 2022
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Recession hitting Bristol city centre businesses hard as worried shoppers cut back on spending

Businesses in central Bristol suffered a slump in sales of more than 11% in just three months as the cost of living crisis hit the city, according to new figures. Total spending in shops, bars, cafes, hotels and other businesses in the city centre fell from £142.6m in the...

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PKF Francis Clark Bristol office strengthens its business recovery team with key appointment

November 24, 2022
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PKF Francis Clark Bristol office strengthens its business recovery team with key appointment

Experienced licensed insolvency practitioner Mark Roach has joined regional accountancy group PKF Francis Clark’s Bristol office as it continues to invest in its business recovery team to help firms through the recession. Mark, who joins as an associate director, brings to five the number of insolvency practitioners at the firm,...

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Bristol Business Blog: Now’s the time for a portfolio health check. Whitechurch Securities’ strategic management group

November 24, 2022
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Bristol Business Blog: Now’s the time for a portfolio health check. Whitechurch Securities’ strategic management group

With so much changing in the global economy and political world, it may be helpful to review your portfolio and ensure that your pensions and investments remain well-positioned to meet your goals. Including during this cost-of-living crisis, how your investments can support your income requirements. To some, it may...

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Expansion of 2,615% puts Bristol software developer among country’s fastest-growing tech firms

November 23, 2022
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Expansion of 2,615% puts Bristol software developer among country’s fastest-growing tech firms

Bristol specialist software firm Deazy has been named as one of the UK’s fastest- growing technology businesses with a staggering 2,615% hike in revenue over the past four years. The achievement has placed the firm 13th in a major new national growth league table and third in the South West....

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Recognition for Bristol firms’ contribution to UK’s economy in national trailblazer programme

November 18, 2022
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Recognition for Bristol firms’ contribution to UK’s economy in national trailblazer programme

Nine mid-sized Bristol firms, ranging from a pioneer of hand-tracking software to a medical simulator manufacturer, are being championed as regional success stories in a new UK-wide programme.  They are among 16 South West businesses chosen by specialist consulting firm WIRED that typify its vision of trailblazing enterprises –...

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Burges Salmon cross-firm team help administrators get result in Coventry arena sale

November 18, 2022
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Burges Salmon cross-firm team help administrators get result in Coventry arena sale

A team from Bristol-based national law firm Burges Salmon have played a crucial role in the sale of the Coventry Building Society Arena – home to Coventry City FC – to retail tycoon Mike Ashley’s Fraser Group. The lawyers advised the stadium’s former owner ACL and its joint administrators...

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Autumn Statement 2022: Bristol business reaction

November 17, 2022
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Autumn Statement 2022: Bristol business reaction

The growth path for businesses and the UK economy may be “long, rocky, and protracted”, the region’s largest business group fears following the Autumn Statement. Matt Griffith, pictured below, director of policy at Business West – the organisation that runs Bristol Chamber of Commerce – described the statement as...

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Autumn Statement 2022: National business reaction

November 17, 2022
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Autumn Statement 2022: National business reaction

The Autumn Statement has piled more pressure on the UK’s 5.5m small businesses, their employees and customers, according to the Federation of Small Businesses (FSB). Chancellor Jeremy Hunt’s measures were “high on stealth-creation and low on wealth-creation”, FSB national chair of Martin McTague said. “While tackling inflation is essential,...

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Autumn Statement 2022: Key points . . .

November 17, 2022
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Autumn Statement 2022: Key points . . .

Chancellor Jeremy Hunt has presented his Autumn Statement. The main points were:  Chancellor said priorities were stability, growth and public services and high inflation is the enemy. But he confirmed UK was in recession.  GDP is forecast to shrink by 1.4% next year, before returning to growth in 2024. ...

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‘Superb leader’ joins Francis Clark Financial Planning as managing director to spearhead its growth

November 16, 2022
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‘Superb leader’ joins Francis Clark Financial Planning as managing director to spearhead its growth

Francis Clark Financial Planning has appointed experienced wealth manager Chris Reah as its new managing director. Chris, pictured, brings a blend of private banking and wealth management experience to the role, having worked closely with financial planners during his 25-year career with NatWest Stockbrokers, Coutts and Arbuthnot Latham.  FCFP...

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Bristol Business Blog: What does the crypto crash mean for investors’ tax position? Simon Denton, tax partner, Milsted Langdon

November 16, 2022
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Bristol Business Blog: What does the crypto crash mean for investors’ tax position? Simon Denton, tax partner, Milsted Langdon

The value of many cryptoassets has fallen considerably as a result of the collapse of the FTX cryptocurrency exchange. The failure of such a big platform and the potential loss of billions of pounds worth of cryptocurrency value has rocked the confidence of the market.  This has caused both...

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£15m for Bristol venture fund looking to invest in the region’s high-potential science start-ups

November 11, 2022
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£15m for Bristol venture fund looking to invest in the region’s high-potential science start-ups

Science Creates Ventures, the Bristol-headquartered specialist early-stage investor, has been awarded up to £15m to invest in some of the South West’s most promising deep tech innovations. The commitment from British Business Investments will allow Science Creates Ventures (SCV) to invest in pioneering companies at the pre-seed, seed and...

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