Finance

Made-in-Bristol deal shakes up milk industry

December 30, 2013
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Made-in-Bristol deal shakes up milk industry

Bristol-based advisers and funders from law firm Burges Salmon, accountants Deloitte and PwC and banking group HSBC are behind a major dairy industry deal that completed this week. The deal gives farmer-owned Milk Partnership Limited (MPL) accession to corporate membership of Europe’s leading dairy cooperative Arla Foods amba and...

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Towry acquires Bristol wealth managers Deverill Black

December 20, 2013
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Towry acquires Bristol wealth managers Deverill Black

Bristol-based wealth management and financial planning company Deverill Black & Co has been acquired by Towry, the national wealth advice group. Deverill Black, pictured, has been trading since 2001 from an office in Redland. Led by Iain Black, who has been in financial services for 30 years, it has...

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Pension Protection Fund panel placement for Smith & Williamson audit experts

December 19, 2013
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Pension Protection Fund panel placement for Smith & Williamson audit experts

The Bristol-based pensions audit team of accountants Smith & Williamson has been appointed to the new Audit Services Panel launched this week by the Pension Protection Fund (PPF). The team joins the new six-member panel which aims to ensure that workers with pensions in companies that go bust do...

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Firms still concerned about inflation despite fall, says Business West

December 18, 2013
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Firms still concerned about inflation despite fall, says Business West

Inflation remains a concern for West businesses despite November’s small decrease, according to the region’s largest business organisation. The annual rate of inflation dropped from 2.2% to 2.1% last month as falls in the cost of food, gas and electricity prices took effect. But Phil Smith, pictured, managing director...

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Brightside suffers big fall in share price after it slashes forecast

December 17, 2013
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Brightside suffers big fall in share price after it slashes forecast

Shares in Bristol specialist insurance broker Brightside Group fell earlier this week following a statement in which it admitted its earnings would be around a fifth lower this year. The group said it had been hit by further capacity restrictions in the final quarter of its financial year. As...

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Strong bounce back by businesses points to steady growth in 2014

December 16, 2013
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Strong bounce back by businesses points to steady growth in 2014

Business confidence is running at its highest level for more than three years as the recovery gathers pace and firms put austerity behind them at last. Manufacturers in particular are upbeat about their prospects going into the new year, according to the latest Business Trends report by accountants BDO....

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What’s the big idea? Bristol firms urged to come up with suggestions to spark jobs and growth

December 16, 2013
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What’s the big idea? Bristol firms urged to come up with suggestions to spark jobs and growth

Ideas on the best way to create sustainable jobs and growth across the West of England are being invited from Bristol firms. The Local Enterprise Partnership (LEP) today launches a six-week public consultation on its Strategic Economic Plan (SEP) – a blueprint for growth over the next six years....

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ACE appointment strengthens global insurer’s position in South West

December 13, 2013
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ACE appointment strengthens global insurer’s position in South West

Property insurance group ACE has appointed Ian McFadyean as business development manager for the South West and Wales as it continues to invest in its UK regional offices. In the newly-created role, Ian, pictured, will be responsible for developing new and existing business across the region as well as managing...

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Business development manager takes up regional post at finance group Lombard

December 12, 2013
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Business development manager takes up regional post at finance group Lombard

Asset finance provider Lombard has appointed Paul Jenkins as business development manager for its South West and South Wales regions. Paul, pictured, who will be based in Bristol and report to director of asset finance David Connolly, will draw on his extensive experience in the vehicle rental sector to...

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HSBC financing package funds major expansion at cheese firm

December 11, 2013
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HSBC financing package funds major expansion at cheese firm

West cheese maker Alvis Brothers is increasing production by nearly a third after receiving a seven figure finance package from HSBC. The funding will support further growth at the Redhill, North Somerset firm, including expansion of its milking and packing facilities to meet growing demand in the UK and around...

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Funders ready to back the best of Bristol’s creative sector, event hears

December 6, 2013
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Funders ready to back the best of Bristol’s creative sector, event hears

Investors are keen to get involved with Bristol’s ambitious media and creative businesses, a high-profile panel discussion led by some of the city’s best-known names in the industry has heard. The event, staged by the Bristol office of accountancy and investment management group Smith & Williamson, attracted film-makers, animators,...

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Surprise decline in exports from region prompts fresh action to get West firms to trade overseas

December 6, 2013
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Surprise decline in exports from region prompts fresh action to get West firms to trade overseas

Efforts to get more South West firms to export are being stepped up after new figures showed the first fall in overseas sales from the region for more than a year. Exports by value dropped by 3.3% in the third quarter to £3.32bn, sparked by a fall-off in h...

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Autumn Statement: Property industry reaction

December 5, 2013
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Autumn Statement: Property industry reaction

The property industry expressed concern over plans to charge capital gains tax on foreign residential investors from April 2015, but has welcomed the Chancellor’s decision to at least consult on the proposals before their introduction. The British Property Federation (BPF) had warned the Treasury that the tax hike would...

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