Swindon businesses will welcome Chancellor Philip Hammond’s focus on investment in the Autumn Statement, particularly in areas where growth pressures are highest, according to the Swindon & Wiltshire Initiative. Director Ian Larrard, pictured, described the statement as “a sombre, not flashy, affair” which reflected the national mood of economic and business uncertainty. But he...
Chancellor Philip Hammond his presented his first Autumn Statement: Here are the main points, as announced: Office for Budget Responsibility says growth this year will be 2.1%, 1.4% next year (down from 2.2%), 1.7% in 2018 (down from 2.1%), 2.1% in 2019/20 (down from 2.1%) and 2% in 2020/21, (down from 2.1%). As expected, the...
The year-long celebrations to mark the 175th anniversary of Swindon as a railway town continued last week when law firm Thrings hosted the Autumn Hooty Party. The event, held in the Caerphilly Hall of Swindon’s STEAM Museum, was attended by members of the Swindon business community. Regional law firm Thrings, which has its head...
The disused former Triumph manufacturing and warehouse site on Swindon’s Groundwell Industrial Estate is to be redeveloped following its acquisition by Howard Tenens, the logistics and property group. Refurbishment work on the 7.2-acre site is due to start shortly as Howard Tenens – one of the UK’s largest privately owned logistics firms – seeks...
An innovative asthma treatment developed by Chippenham-based specialist pharmaceutical firm Vectura is to go on sale in the US in deal that could earn it more than $1m. Under the licensing agreement announced today, the VR730 product – which uses Vectura’s groundbreaking dry powder inhalation technology – is to be manufactured and commercialised in...
Swindon business leaders have called on Chancellor Philip Hammond to go all out to boost confidence ahead of Brexit as he prepares to deliver his first Autumn Statement tomorrow. With the economic climate expected to get decidedly chilly next year as the UK works towards leaving the EU, commentators are expecting the Chancellor, pictured, to boost...
Acquisitions, innovation and the weak pound boosted specialist Wiltshire manufacturer Avon Rubber in the year to September 30, with bosses saying it ended the period a more robust business than when it started. The Melksham-based group, which makes gas masks and respirators for the military and emergency services and rubber products for the global...
Specialist IT group SCISYS has landed a contract to play a pivotal role in the launch of the world’s largest satellite constellation which aims to provide connectivity to billions of people around the world. The OneWeb global satellite system will consist of 648 orbiting mini-satellites which together will connect billions of people around the...
Shares in West of England companies listed on the London Stock Exchange came under pressure today as markets reacted to the election of Donald Trump as US President. Many took their lead from the FTSE 100, which fell by 2% on opening as it followed stock market turbulence overnight across Asia as investors digested Mr Trump’s...
Swindon’s key industries will be protected after Brexit takes effect, MP Robert Buckland has told Swindon Business News - but he warned that everyone involved in the debate needed to ‘calm down’ to ensure an orderly exit from the European Union. Speaking at a ‘Business of Brexit’ breakfast at regional law firm Thrings’ Swindon...
