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SOUTH WEST



The latest business news from the South West - including Bristol, Bath, Exeter,
Plymouth, Gloucestershire, Somerset, Wiltshire, Dorset, Devon and Cornwall.

The region's biggest employers include Airbus, Dyson, Mulberry, Pennon,
Rolls-Royce, Ovo Energy, Lush, Superdry, LiveWest, Brittany Ferries and Babcock.

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11:47, 5 NOV 2024
Viridor to close £100m recycling plant in Bristol two years after opening

Another site in Rochester in Kent is also under review, the company said
Bookmark
South West tech sector to be supported by new advisory board
Technology

A group of industry experts will work together to drive innovation and growth
within the region's technology industry
Bookmark
New city wide business improvement district proposed for Bristol
Business Improvement District

The BID could unlock £17m and 'enhance' Bristol's business landscape, according
to those behind the plans
Bookmark
Bristol lash and beauty brand to open 'immersive experience' store
Retail

House of Amor sells DIY lash extension kits called QuickLashes as well as nail
products and cosmetics
Bookmark
EasyJet launches Bristol Airport to Istanbul flights
easyJet

The new route follows the launch of the budget airline's new twice-weekly
service to Agadir in Morocco
Bookmark
Smiths News announces special dividend after profits above expectations
Company Results

The magazine and newspaper wholesaler said it benefited from the 53-week year
Bookmark
Sir James Dyson says Labour 'killing off family businesses' with inheritance tax
The Budget

The tycoon is a major landowner and his business, Dyson Farming, produces crops
on 36,000 acres across the UK
Bookmark
Nature strategy could boost beaver and glowworm populations across West Country
Environment

Companies across the Bristol and Bath region are being encouraged to offer
support for the plans
Bookmark
Harland & Wolff's staggering £160m debt revealed as historic shipbuilder enters
administration
By City AM
Newly-filed documents with Companies House have shown that the firm owed its
creditors more than £160 million when it collapsed into administration last
month
Bookmark
Reeves defends inheritance tax changes as farmers slam 'disastrous' Budget
The Budget
TV star and farmer Jeremy Clarkson and broadcaster Kirsty Allsopp are among
those who have criticised the proposals
Bookmark

Triodos UK boss to step down after decade at the helm
People
Bevis Watts' departure will coincide with the Bristol-based lender's 30th
anniversary in Britain
Bookmark
Neal's Yard cheese theft 'very difficult loss', Somerset supplier says
Crime
No arrests have been made following the theft of 22 tonnes of cheddar from
Neal's Yard Dairy in London
Bookmark
BBC to sell part of historic studios site in Bristol
BBC
The broadcaster has been based on Whiteladies Road since 1934
Bookmark
Bristol Airport embarks on £400m upgrade to improve passenger experience
Transport
Dave Lees, the transport hub's chief executive, explains the exciting
improvements ahead
Bookmark
Gloucestershire Airport to be sold off in entirety
Transport
The transport hub was established in the 1930s and is jointly owned by
Cheltenham Borough Council and Gloucester City Council
Bookmark
Work on Somerset gigafactory moves step forward as latest contract awarded
Deals
The facility will be the biggest of its kind in the UK when built and will
create around 4,000 jobs
Bookmark


RetailRiverford slams supermarkets over 'farmwashing' and warns British farmers
'on the brink'

An open letter has been sent to the chief executives of Tesco, Aldi, Lidl,
Morrisons, Sainsbury's and Asda calling on them to end 'unethical' marketing
practices
Bookmark
Finance software firm expands into new Bristol office
Offices

The accountancy company has experienced a 'significant' period of growth
Bookmark
Bath stationery firm acquired by specialist Christmas goods manufacturer
Deals

The Gifted Stationery Company has been snapped up by Swan Mill Group
Bookmark
Bank of England rate cut expected despite 'fiscal loosening' of Budget
Finance

Policymakers will announce the result of their November meeting on Thursday
Bookmark
Weston renewable energy provider snapped up by UK's Sureserve
Deals

More than 150 staff will transfer over as part of the deal
Bookmark
Wincanton takeover by GXO raises competition concerns, CMA warns of potential UK
business cost hikes
By City AM

The Competition and Markets Authority has issued its initial findings on the
£762m takeover of Wincanton by GXO earlier this year, warning it could lead to
higher prices for business customers
Bookmark
Somerset to press for alternative after A358 Taunton to A303 dualling plans
cancelled
Transport

The chancellor has shelved a number of UK rail and road projects in a bid to
save money
Bookmark
Frasers abandons takeover bid for Mulberry but pushes for appointment to board
Retail & High Street
Mike Ashley's company has urged Mulberry to provide a “credible” plan soon
Bookmark
Plans to double size of South Wales and West Country economy announced
Economy
The Western Gateway has published a strategy for growth - and is calling for the
UK and Welsh governments to provide support
Bookmark
Farmers urge government for more support as fears of UK 'food crisis' grow
Food and Drink
The calls follow the publication of a new report examining how Britain can boost
food security
Bookmark

4,000 Bristol companies in 'significant financial distress', report finds
Insolvency and Administration
Construction firms, retailers and bars and restaurants are struggling the most,
the Begbies Traynor research found
Bookmark
Christmas appeal: Companies urged to help children at risk of hunger over the
holidays
Christmas
Business Live's sister site Bristol Live is launching an appeal to make sure
children on free school meals in Bristol are fed over the festive season
Bookmark
Indoor ski club built by Moonpig founder Nick Jenkins opens in Wiltshire
South West
The South Wilts Ski Club took a year to secure planning permission and build
Bookmark
Cornwall's Goonhilly Earth Station strikes deep space communications deal
Deals
The contract is task-based and worth up to an initial £2m this financial year
Bookmark
Online shopping platform OnBuy to expand into 14 countries following Google deal
Technology
The Dorset tech company is one of the world's fastest-growing online
marketplaces
Bookmark
New £50m student accommodation scheme near Bristol Temple Meads announced
Bristol

The development includes two apartment blocks and a standalone mixed-use
building
Bookmark
Treasury minister defends pay packet of new value-for-money chief
The Budget

Darren Jones, Bristol North West MP, said "it is right" to pay David Goldstone
for his time
Bookmark
Water Babies swim school acquired by US investors
Deals

The Devon-headquartered company was founded in 2002 and now operates across the
UK as well as internationally
Bookmark
The Budget: 'Raising tax on businesses could hinder growth', says Business West
The Budget

The head of South West chamber Business West has criticised plans to hike
national insurance contributions for employers
Bookmark
UK farming budget falls short: £5bn not enough for nature-friendly agriculture,
experts warn
The Budget

The Government has announced £5 billion for England's farming budget over the
next two years, maintaining the £2.4 billion current level for 2024/25 and
2025/26
Bookmark
Hargreaves Lansdown sees client surge as private equity takeover nears, despite
investment hesitancy
By City AM

The investment platform's private equity takeover is expected to be completed in
the first quarter of next year
Bookmark
Bristol Airport 'deep concern' over Welsh Government £200m-plus subsidy plans
for rival Cardiff Airport
Economic Development
The Welsh Government argues the proposed subsidy would not hurt its near rival
and would help turn the fortunes of the Rhoose-based airport around.
Bookmark
Mulberry's owner has 'no interest' in selling to Mike Ashley's Fraser Group
Retail & High Street
Challice, the fashion brands majority shareholder, has called on the Sports
Direct owner to abandon its plans
Bookmark
Bristol healthtech secures nearly £900k for device it claims could save NHS £1bn
and prevent blindness
Finance
Bristol-based Siloton will use the capital to develop its product and bring it
to market by 2025
Bookmark
New £1m padel club opens at Gloucester Quays Retail Park
Gloucestershire
Padel is a mixture of tennis squash and badminton, and is reportedly "the
fastest-growing racket sport in the world"
Bookmark
North Devon pub to undergo revamp after being sold off
property news
The Fortescue Arms in Woolacombe will reopen with a new food offering including
a Sunday Carvery
Bookmark
Bottle Yard Studios opens applications for its film and TV workforce scheme
Employment
The initiative is for people living in Bristol, Bath and North East Somerset,
and South Gloucestershire
Bookmark
Hewlett Packard Enterprise moves to new Bristol office
Offices
The company has been based in the city for more than 40 years
Bookmark
Workers get new rights on contracts, flexibility, sick pay and holidays
Enterprise
The Employment Rights Bill includes 28 new protections and reforms for workers
Bookmark



ENTERPRISE

EnergyViridor to close £100m recycling plant in Bristol two years after opening

Another site in Rochester in Kent is also under review, the company said
Bookmark
Sir James Dyson says Labour 'killing off family businesses' with inheritance tax
The Budget

The tycoon is a major landowner and his business, Dyson Farming, produces crops
on 36,000 acres across the UK
Bookmark
Weston renewable energy provider snapped up by UK's Sureserve
Deals

More than 150 staff will transfer over as part of the deal
Bookmark
Wincanton takeover by GXO raises competition concerns, CMA warns of potential UK
business cost hikes
By City AM

The Competition and Markets Authority has issued its initial findings on the
£762m takeover of Wincanton by GXO earlier this year, warning it could lead to
higher prices for business customers
Bookmark
Water Babies swim school acquired by US investors
Deals

The Devon-headquartered company was founded in 2002 and now operates across the
UK as well as internationally
Bookmark


RETAIL & CONSUMER

RetailBristol lash and beauty brand to open 'immersive experience' store

House of Amor sells DIY lash extension kits called QuickLashes as well as nail
products and cosmetics
Bookmark
EasyJet launches Bristol Airport to Istanbul flights
easyJet

The new route follows the launch of the budget airline's new twice-weekly
service to Agadir in Morocco
Bookmark
Smiths News announces special dividend after profits above expectations
Company Results

The magazine and newspaper wholesaler said it benefited from the 53-week year
Bookmark
Bath stationery firm acquired by specialist Christmas goods manufacturer
Deals

The Gifted Stationery Company has been snapped up by Swan Mill Group
Bookmark
Water Babies swim school acquired by US investors
Deals

The Devon-headquartered company was founded in 2002 and now operates across the
UK as well as internationally
Bookmark


PROFESSIONAL SERVICES

PeopleTriodos UK boss to step down after decade at the helm

Bevis Watts' departure will coincide with the Bristol-based lender's 30th
anniversary in Britain
Bookmark
Hargreaves Lansdown sees client surge as private equity takeover nears, despite
investment hesitancy
By City AM

The investment platform's private equity takeover is expected to be completed in
the first quarter of next year
Bookmark
UK's largest wealth manager St James's Place to embrace crypto after fund
management overhaul
By City AM

In December, the UK's largest wealth manager pulled £2bn from Jacob
Rees-Mogg-founded Somerset Capital Management, causing the firm to shutter
almost immediately, as the mandate had represented around two-thirds of its
assets
Bookmark
UK's largest wealth manager St James's Place 'has bright future' after bumper
trading update
By City AM

Analysts at Panmure Liberum think that the future is looking bright for St
James's Place after the wealth manager released a trading update for the third
quarter yesterday
Bookmark
Law firm opens Exeter office amid increased demand
Law

Porter Dodson is now targeting further growth across its sites in Devon,
Somerset and Dorset
Bookmark


TECH

TechnologySouth West tech sector to be supported by new advisory board

A group of industry experts will work together to drive innovation and growth
within the region's technology industry
Bookmark
Maritime tech firm SRT Marine secures £31m in funding
Deals

The finance package includes equity and bridging finance
Bookmark
Devon digital firm snapped up by UK payments software company
Deals

Kingsbridge-headquartered GOb2b said the deal offered "exciting potential"
Bookmark
Bristol healthtech secures nearly £900k for device it claims could save NHS £1bn
and prevent blindness
Finance

Bristol-based Siloton will use the capital to develop its product and bring it
to market by 2025
Bookmark
Centrica-owned Hive strikes deal with EV charging app Zapmap
Deals

The partnership between the two businesses will begin in 2025
Bookmark


COMMERCIAL PROPERTY

By City AMCheshire Oaks owner's profits soar to £44.3m amidst global expansion

Mcarthurglen UK, which also owns sites in Ashford, Bridgend, South Normanton,
Swindon, Cannock and York in the UK, has issued a £58.9m dividend for 2023
Bookmark
Finance software firm expands into new Bristol office
Offices

The accountancy company has experienced a 'significant' period of growth
Bookmark
New £50m student accommodation scheme near Bristol Temple Meads announced
Bristol

The development includes two apartment blocks and a standalone mixed-use
building
Bookmark
Bristol sports pub reopens following refurbishment
Bristol

The Trooper, part of Stonegate Group’s Craft Union, has increased its capacity
following the six-figure investment
Bookmark
BBC to sell part of historic studios site in Bristol
BBC
1
The broadcaster has been based on Whiteladies Road since 1934
Bookmark


MANUFACTURING

DealsBath stationery firm acquired by specialist Christmas goods manufacturer

The Gifted Stationery Company has been snapped up by Swan Mill Group
Bookmark
Harland & Wolff's staggering £160m debt revealed as historic shipbuilder enters
administration
By City AM

Newly-filed documents with Companies House have shown that the firm owed its
creditors more than £160 million when it collapsed into administration last
month
Bookmark
Hinkley Point C contractor opens Bridgwater factory and plans to create 150 jobs
Engineering

Warrington-based BGEN was awarded an £84m contract for a project at the nuclear
power station earlier this year
Bookmark
Imperial Brands hikes shareholder returns for 2025
Company Results

The Bristol-headquartered company said it was delivering against a five-year
strategy to 'transform the business'
Bookmark
Mars Wrigley pays out huge £600m dividend to UK owners after bumper year
By City AM

The business, which has UK manufacturing sites in Slough and Plymouth, has
significantly upped its dividend for 2023, after also paying out £115million in
2022
Bookmark


ECONOMIC DEVELOPMENT

Business Improvement DistrictNew city wide business improvement district
proposed for Bristol

The BID could unlock £17m and 'enhance' Bristol's business landscape, according
to those behind the plans
Bookmark
Nature strategy could boost beaver and glowworm populations across West Country
Environment

Companies across the Bristol and Bath region are being encouraged to offer
support for the plans
Bookmark
Treasury minister defends pay packet of new value-for-money chief
The Budget

Darren Jones, Bristol North West MP, said "it is right" to pay David Goldstone
for his time
Bookmark
Reeves defends inheritance tax changes as farmers slam 'disastrous' Budget
The Budget

TV star and farmer Jeremy Clarkson and broadcaster Kirsty Allsopp are among
those who have criticised the proposals
Bookmark
The Budget: 'Raising tax on businesses could hinder UK growth'
The Budget

The head of South West chamber Business West has criticised plans to hike
national insurance contributions for employers
Bookmark


OPINION

Retail & High StreetOpinion: Keir Starmer's government should ditch pernicious
business rates to regenerate town centres
2
'Town centre shops need to feel the welcome hand of government support'
Bookmark
The huge economic potential of floating wind farms in the Celtic Sea
Climate Agenda
Managing director, marine, for The Crown Estate, Gus Jaspert, on harnessing
growth from new floating wind farms in the Celtic Sea.
Bookmark
Opinion: Financial advice on how to tackle January debt
Finance

With interest rates at much higher levels than other years, paying down
expensive debt is a priority now
Bookmark
Why we need to look again at a new international airport for Wales and the South
West of England
South West

Cardiff and Bristol airports would need to close to support a new international
airport handling 20 million passengers annually, says economist Joel Strange
Bookmark
It really is now or never for a Severn barrage project
Environment
1
A barrage could help the UK become energy self-sufficient while also acting to
mitigate against rising sea levels
Bookmark
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