Money Matters

Chancellor urged by Business West to be brave in the Budget and favour growth over giveaways

November 20, 2017
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Chancellor urged by Business West to be brave in the Budget and favour growth over giveaways

Business West, the region’s largest business organisation, today called on Chancellor Philip Hammond to “be brave, but invest in the long term” in Wednesday’s Budget. The group, which runs the Swindon & Wiltshire Initiative, said businesses’ patience was wearing thin with a government that was failing to set the foundations of a post-Brexit economy. ...

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South West Fairtrade Business Awards 2018 launched with call to action for Swindon’s ethical firms

November 20, 2017
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South West Fairtrade Business Awards 2018 launched with call to action for Swindon’s ethical firms

Swindon’s ethical organisations – large and small – are being invited to enter the annual South West Fairtrade Business Awards. Now in their sixth year, the awards recognise the contribution that businesses, organisations and institutes in the region make in support of Fairtrade by buying certified Fairtrade products for the workplace and raising awareness...

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Regional origination manager appointment for alternative funder as it gears up for more growth

November 14, 2017
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Regional origination manager appointment for alternative funder as it gears up for more growth

Alternative funding specialist ThinCats has appointed Alison Whistance in a senior management role to cover its South West region. Alison, pictured, joins as origination manager, South-West, as the firm gears up for its next period of growth. ThinCats, an online peer-to-peer lending platform that allows investors to make secured loans directly to businesses, recently...

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Good Energy founder on list of UK’s high-growth innovators

November 9, 2017
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Good Energy founder on list of UK’s high-growth innovators

Green energy pioneer Julia Davenport has been included on a list of 100 UK organisations and their leaders that demonstrate excellence through growth, innovation and purpose. Ms Davenport, who is chief executive of Chippenham-based Good Energy, appears in the second annual Faces of a Vibrant Economy initiative by accountancy group Grant Thornton.  The list...

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Growth for EY’s South West office as investment continues in its regional leadership team

November 6, 2017
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Growth for EY’s South West office as investment continues in its regional leadership team

Accountancy group EY has said its South West and South Wales practice grew strongly in the year to the end of June, including an 11% expansion of its regional financial services team. Nationally fee income across the firm, one of the so-called Big Four accountants, grew by 9.2% to £2.35b, up from £2.15b in...

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Bank of England’s interest rate rise ‘cautious and timely’ but more increases could hit businesses

November 2, 2017
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Bank of England’s interest rate rise ‘cautious and timely’ but more increases could hit businesses

West of England business figures have said the Bank of England’s decision to raise interest rates from 0.25% to 0.5% should have little impact on the region – but warned that further increases could hit confidence and slow the economy. The Bank’s rate-setting monetary policy committee (MPC) voted in favour of the increase by...

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Historic laundry business sold after Watersheds called in by shareholders

October 27, 2017
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Historic laundry business sold after Watersheds called in by shareholders

The Swindon office of corporate finance advisors Watersheds has helped the shareholders of an historic laundry firm sell the business. Regency Laundry, which has worked with some of the area’s top hotels for more than 125 years from its base in Bath, was sold in a management buy-in (MBI).  The deal has transferred ownership...

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Grant Thornton’s South West employment taxes team takes on new senior manager

October 26, 2017
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Grant Thornton’s South West employment taxes team takes on new senior manager

Accountancy group Grant Thornton has appointed Matt Parfitt to lead the growing employment taxes team in its regional office.  Matt, pictured, brings a wide range of commercial and technical experience and is a regular contributor to leading tax publications.  He joins as senior manager after three years at Swindon-based Nationwide Building Society, where he...

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KPMG hails further investment in talent by promoting 50 South West-based staff

October 26, 2017
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KPMG hails further investment in talent by promoting 50 South West-based staff

Global accountancy group KPMG has made 50 promotions in its South West team – including the appointment of one partner and six directors – in a move it says signals its commitment to investing in talent.  Regional head of restructuring David Pike becomes a partner after 18 years with the firm. David, pictured right,...

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Chancellor needs to lift confidence in Budget, Business West warns as inflation hits five-year high

October 17, 2017
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Chancellor needs to lift confidence in Budget, Business West warns as inflation hits five-year high

Firms across Swindon and Wiltshire are looking for Chancellor Philip Hammond to deliver a shot in the arm and lift confidence in next month’s Budget following today’s rise in inflation, according to the region’s largest business group. The Consumer Prices Index (CPI) rose to 3% in September, according to today’s official figures – taking...

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