Finance

Spring Statement: As it happened

March 13, 2019
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Spring Statement: As it happened

Chancellor Philip Hammond got to his feet at 12.43pm today to deliver his Spring Statement. But against the backdrop of Brexit turmoil, few commentators expected it to contain much that will be significant. Growth will be 1.2% this year (compared to 1.6% in last October’s Budget), 1.4% in 2020...

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Friends and clients join accountants for firm’s 10th anniversary dinner

March 8, 2019
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Friends and clients join accountants for firm’s 10th anniversary dinner

Bristol independent practice Corrigan Accountants has celebrated a decade in business with a special dinner for past and present members of staff, long-standing clients and friends. The event, held in the newly refurbished Cooper’s Hall at Bristol Old Vic, marked 10 years since Ed Corrigan left major national practice Baker Tilly after 20 years...

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Colston Hall outlines how Bristol firms can play their part in venue’s long-awaited transformation

March 8, 2019
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Colston Hall outlines how Bristol firms can play their part in venue’s long-awaited transformation

Bristol businesses have been told how they can play a part in the city’s biggest ever arts redevelopment project. Bristol Music Trust, the charity behind Colston Hall, has officially launched opportunities to support the transformation of the iconic venue.  Bristol businesses recently gathered at Avon Gorge by Hotel Du...

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Partnership opens up foreign exchange and funding products to SMEs

March 1, 2019
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Bristol-based small business loans firm Alternative Business Funding (ABF) is giving clients greater access to international payment services and a wider range of business funding products after forming a partnership with currency broker TorFX. Under the agreement, TorFX customers will be introduced to ABF’s innovative designated referral platform Funder...

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Private client tax director takes up baton to fulfil dream of conducting symphony orchestra

March 1, 2019
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Private client tax director takes up baton to fulfil dream of conducting symphony orchestra

A director in Smith & Williamson’s Bristol office has indulged his out-of-office passion at the city’s cathedral – when he conducted a full symphony orchestra. Tom Gauterin combines his day job in the office’s private client tax services team with being the founder and self-taught conductor of the Bristol Classical Players. Tom conducted Gustav Mahler’s ‘Resurrection’...

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Gregg Latchams’ new tax advisory service aims to match investors with fast-growth firms

February 27, 2019
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Gregg Latchams’ new tax advisory service aims to match investors with fast-growth firms

Bristol-based law firm Gregg Latchams has launched a tax advisory service for start-ups and fast-growth businesses to help them attract the investment they need to grow. The firm, which also has an office in London, believes the initiative can bring together fast-growth start-ups and high net worth investors.  It...

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Emerging cell therapy firm raises £2.8m to help find ‘holy grail’ of regenerative medicine

February 22, 2019
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Emerging cell therapy firm raises £2.8m to help find ‘holy grail’ of regenerative medicine

A Bristol firm aiming to develop novel lifesaving cell therapies has attracted additional seed funding from a group of major UK investors, bringing it one step closer to commercialising its ground-breaking cellular research. Mogrify, which has its roots in research carried out at the University of Bristol, will use...

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Non-EU exports worth millions to South West firms at risk if no deal Brexit takes place, warns CBI

February 22, 2019
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Non-EU exports worth millions to South West firms at risk if no deal Brexit takes place, warns CBI

The CBI today issued another dire warning of the likely effects on the South West’s economy of leaving the EU without a deal – the potential loss of global export orders worth millions of pounds. The business organisation highlighted what it said would be the damaging implications of crashing...

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Global offshore engineering group takes stake in Bristol subsea inspections tech firm

February 22, 2019
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Global offshore engineering group takes stake in Bristol subsea inspections tech firm

Bristol tech firm Rovco, which is developing 3D vision and Artificial Intelligence techniques for subsea inspections, has formed an investment partnership with a market leader in offshore engineering. The link up with Global Marine Group (GMG) comes less than a year after Rovco received a £400,000 investment from the Bristol...

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Venture capital firms find Bristol’s tech scale-up sector fertile ground for investment

February 22, 2019
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Venture capital firms find Bristol’s tech scale-up sector fertile ground for investment

Bristol’s burgeoning tech industry is making the city a hub of scale-up activity and a magnet for venture capital investment, according to new research by global accountancy group KPMG. Of the £364m invested in 21 new businesses across the South West last year, some £307m went to Bristol businesses,...

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R&D tax credit consultancy starts new service as HMRC gets tough on fraudulent claims

February 21, 2019
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R&D tax credit consultancy starts new service as HMRC gets tough on fraudulent claims

Bristol-based specialist research and development tax credit consultancy ForrestBrown has launched a service to help businesses caught up in a drive by government tax officials to prevent abuse of the system costing hundreds of millions of pounds. HMRC has stepped up efforts to combat fraudulent behaviour over the past...

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Jobs at risk after administrators are called into Bristol pharmaceutical manufacturer

February 15, 2019
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Jobs at risk after administrators are called into Bristol pharmaceutical manufacturer

Administrators have been appointed at troubled Bristol-based pharmaceutical manufacturer Avara Avlon Pharma Services, putting a question mark over the jobs of all its 270 workers. The firm makes active pharmaceutical ingredients at a 100-acre site in Avonmouth, pictured, which was acquired by US-based Avara Pharmaceutical Services from UK drugs...

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Bristol Wood Recycling Project carves out a brighter future with quickfire crowdfunding campaign

February 15, 2019
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Bristol Wood Recycling Project carves out a brighter future with quickfire crowdfunding campaign

Bristol Wood Recycling Project is celebrating rapid success in a fundraising exercise to buy its premises and secure its long-term future through a bond offer. The offer, staged on Bristol-based ethical bank Triodos’ crowdfunding platform, netted £430,000 in just over a fortnight from its public launch, with just over...

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