Money Matters

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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Business leaders dig deep at Red Dinner to support The Prince’s Trust

October 16, 2017
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Business leaders dig deep at Red Dinner to support The Prince’s Trust

Unemployed and disadvantaged young people from across the West of England are to benefit from £160,000 raised by business leaders at a dinner for The Prince’s Trust. More than 460 business people and other high-profile guests from across the region attended the annual Red Dinner at Ashton Gate in Bristol – one of the...

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Ex-Wiltshire bank manager joins Cool Ventures to advise growth companies

October 6, 2017
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Ex-Wiltshire bank manager joins Cool Ventures to advise growth companies

Business growth consultancy Cool Ventures has appointed experienced former Wiltshire bank manager Barry Vincent to the team. Mr Vincent, pictured, joins as an adviser and will offer expert advice to businesses enrolled on the Swindon and Wiltshire SME Growth Programme.  The programme, which is delivered locally by Cool Ventures, provides free intensive support to...

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Business development manager joins Monahans to bolster marketing as expansion continues

October 4, 2017
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Business development manager joins Monahans to bolster marketing as expansion continues

Fast-growing regional chartered accountancy firm Monahans has appointed Sinead O’Connor as business development manager in a new role that strengthens its marketing team. Sinead, pictured, has joined Monahans as it continues to expand. Over the past two years it has grown by around 40% and expanded its reach further into the South West with...

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Assistant regional director joins the CBI in the South West

September 18, 2017
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Assistant regional director joins the CBI in the South West

The CBI has appointed Ben Rhodes as its new assistant regional director in the South West. Ben, pictured, joins from the Devon and Cornwall Business Council, where he was chief executive for five-and-a-half years. His responsibilities in the newly created role will include promoting the South West as a great place to invest and...

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New regional business centre leader for Allied Irish Bank

September 14, 2017
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New regional business centre leader for Allied Irish Bank

Allied Irish Bank (GB) has appointed James Penman as its business centre leader for the South West region. James, pictured, was previously with Principality Commercial, Bank of Ireland, Royal Bank of Scotland and Barclays and has extensive experience working with commercial and corporate customers in the region over the past 15 years. In his...

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