Finance

Pressure on interest rates eases as inflation falls below 2%

February 18, 2014
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Pressure on interest rates eases as inflation falls below 2%

Inflation in January fell to 1.9%, official figures released this morning show – the first time it has been below the important 2% level since 2009. The rate, as measured by the consumer prices index, was down from 2% in December. The surprise fall – most economist expected it...

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Job losses loom as Bristol property firm goes into administration

February 17, 2014
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Job losses loom as Bristol property firm goes into administration

Bristol-based property refurbishment and maintenance firm Matrix Solutions UK has gone into administration after a significant drop in business. Accountancy firm Grant Thornton, which has been appointed administrator, today warned of ‘numerous’ redundancies among Matrix’s 30-strong workforce. Grant Thornton said it waspotentially looking to sell the firm, which dealt...

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Return to the West for HSBC’s new area commercial director

February 17, 2014
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Return to the West for HSBC’s new area commercial director

HSBC has appointed James Jordan as area commercial director for Bristol and Bath with responsibility for supporting businesses turning over between £500,000 and £30m. The appointment marks a return to the region for James, who has spent the past two years as area commercial director for HSBC in Central London. James, pictured, has spent his...

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Animated money-saving advice app is child’s play for Aardman

February 14, 2014
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Animated money-saving advice app is child’s play for Aardman

Bristol’s Aardman Animations have teamed up with NatWest to launch a children’s smartphone and tablet app to help them learn about saving money. The free-to-download app, the first produced by a UK bank, includes a game that allows the player to be a boy or girl pig character running...

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Bristol corporate expertise proves winning ticket for charity lottery firm takeover

February 14, 2014
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Bristol corporate expertise proves winning ticket for charity lottery firm takeover

Bristol corporate advisers have helped the management team of a Wiltshire specialist charity fundraising firm complete their acquisition of the business. Chippenham-based The Woods Group stages raffles, weekly lotteries, response handling and fulfilment for major clients such as the RSPB, National Trust and Motability. The buyout, financial details of...

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Lloyds strengthens Bristol commercial banking team with new appointment

February 13, 2014
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Lloyds strengthens Bristol commercial banking team with new appointment

Lloyds Bank Commercial Banking, the division that supports mid-market businesses and large corporates, has further strengthened its West operation with the appointment of Daniel Tregunna as relationship director.  Daniel will be part of the bank’s 25-strong Bristol-based mid-markets team, which supports a wide network of businesses with annual turnover...

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UWE launches £4m fund to boost innovation among West businesses

February 12, 2014
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UWE launches £4m fund to boost innovation among West businesses

Innovative West businesses working on pioneering research and development projects can apply for financial help through a £4m innovation fund launched today by the University of the West of England (UWE). Grants of between £25,000 and £150,000 will be available to small and medium-sized enterprises (SMEs) as well as...

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MBO of Welsh equipment firm handled by Bristol corporate finance and legal teams

February 7, 2014
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MBO of Welsh equipment firm handled by Bristol corporate finance and legal teams

Bristol corporate expertise has helped the successful management buyout (MBO) of a Welsh specialist handling equipment firm. Accountants Grant Thornton’s Bristol-based corporate finance team and lawyers from Bristol law firm Osborne Clarke advised on sale of Mangar International, a world leader in inflatable lifting and handling equipment for the...

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London cocktail bar chain ready to mix it in Bristol’s burgeoning bar scene

February 7, 2014
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London cocktail bar chain ready to mix it in Bristol’s burgeoning bar scene

Fast-growing London-based cocktail bar group Be At One, which is backed by Piper Equity, is to open an outlet in Bristol – its 22nd venue and third outside the capital. The bar, in a unit on the Clifton Triangle formerly occupied by Hermanos, will open on February 26 and...

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Hargreaves Lansdown reaps rewards from Royal Mail sell-off

February 5, 2014
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The controversial privatisation of Royal Mail delivered a major boost to Bristol-based investment managers Hargreaves Lansdown with 27,000 new investors joining to buy shares in the sell-off, it revealed today. In a trading statement to the London Stock Exchange Hargreaves Lansdown said a total of 77,000 new clients signed...

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Pay rises on the way for staff at most West firms, survey reveals

February 4, 2014
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Pay rises on the way for staff at most West firms, survey reveals

Nearly two thirds of West firms plan to increase wages this year as the region’s economy bounces back from recession, new research shows. This is despite half of the businesses taking part in the Barclays Employers Survey 2014 saying wage pressure from employees was not an issue. However, some...

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Government business rate package dismissed as ‘a sticking plaster’ as pleas for full reform gather pace

January 29, 2014
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Government business rate package dismissed as ‘a sticking plaster’ as pleas for full reform gather pace

Calls for a full-scale shake-up of business rates have continued unabated despite the Government pledging a £415m package of relief for small firms. The West of England’s largest business group Business West, which runs Bristol Chamber of Commerce, said while it welcomed the announcement, it amounted to little more...

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Investors In People standard to be delivered by Grant Thornton

January 28, 2014
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Investors In People standard to be delivered by Grant Thornton

Accountants Grant Thornton have been appointed to deliver the Investors In People (IIP) standard across the South of England following a competitive tender process. Grant Thornton, which covers the West region from its office in Bristol, will hold the licence from April 1 for a three-year period. This appointment...

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