Money Matters

Govt support for South West exporters help them lift overseas sales

July 21, 2017
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Govt support for South West exporters help them lift overseas sales

Exporting firms based in the South West received support worth £3.2m from the government’s export credit agency UK Export Finance (UKEF) over the past year – helping them achieve overseas sales of more than £41m. The figures emerge from UKEF’s latest annual report. The agency works alongside the Department for International Trade (DIT) to...

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Swedish group snaps up Swindon industrial fastening firm

July 18, 2017
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Swedish group snaps up Swindon industrial fastening firm

Swindon-based industrial fastening firm Young Black has been acquired by international specialist engineering group Indutrade in a move that will help to secure its future. Young Black, which employs around 30 people at its base on Radway Road, Stratton St Margaret, will become part of Swedish group Indutrade’s special products division. Swindon-headquartered regional law...

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Good Energy sees red over green rival Ecotricity’s power grab

July 13, 2017
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Good Energy sees red over green rival Ecotricity’s power grab

Good Energy, the Chippenham-based renewable energy firm, has become embroiled in a power struggle with arch-rival Ecotricity that has sparked a surge of interest in the green sector. Ecotricity, 100% owned by hippie-turned-entrepreneur Dale Vince, pictured below, has amassed a 25.3% stake in Good Energy over the past year – and now wants Mr...

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Bike-to-work quip leads to 86-mile charity ride for RFS colleagues

July 11, 2017
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Bike-to-work quip leads to 86-mile charity ride for RFS colleagues

A joke about cycling to the office resulted in two colleagues from Swindon-based regulatory and compliance consultancy RFS getting on their bikes for a near six-hour trek in support of the town’s Prospect Hospice. Little did RFS client partner Nathan Cornish, who lives in Cardiff, realise that his humorous comment would lead to him and the...

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Swindon Business Blog: Donna Kehoe, regional agent, Bank of England. The outlook’s good – but we need to stress-test for shocks

July 5, 2017
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By Donna Kehoe, Bank of England agent for the South West of England Twice a year the Bank of England publishes a major review of what we call the ‘financial stability’ of the nation. Our aim is to ensure that the financial system is as robust as it can be to withstand whatever shocks...

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Six senior appointments boost Deloitte’s South West leadership team

July 4, 2017
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Business advisory firm Deloitte has made six senior appointments to its South West leadership team, including three new partners and three directors.   Business advisory firm Deloitte has made six senior appointments to its South West leadership team, including three new partners and three directors.   The newly promoted partners are David Clements in...

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Partner appointment strengthens Grant Thornton’s South West corporate finance team

June 14, 2017
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Partner appointment strengthens Grant Thornton’s South West corporate finance team

Accountancy group Grant Thornton has boosted its South West and Wales corporate finance advisory team with the appointment of Trefor Griffith as a partner. Trefor, pictured, already leads the consumer industry group for the firm nationally, having been based in Grant Thornton’s London office since 2009. He has a particular focus on the food...

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Weak pound gives strength to South West exporters but post-Brexit outlook is less clear

June 14, 2017
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Weak pound gives strength to South West exporters but post-Brexit outlook is less clear

Firms across the South West have taken advantage of the slump in sterling to go on an exporting spree, with the value of goods from the region sold overseas soaring by 30%. New figures from HMRC, which collates information on exports, shows exports from South West-based companies hit £6.3bn in the first three months of this year, up from...

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Leaving EU with no deal would harm region, Business West warns in its General Election manifesto

June 1, 2017
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Leaving EU with no deal would harm region, Business West warns in its General Election manifesto

Business West, the region’s largest business group, has warned that leaving the EU without a deal would cause “considerable damage” to many businesses. The organisation behind the Swindon and Wiltshire Initiative said avoiding this outcome “must be a priority” for all General Election candidates standing in constituencies across the West of England. In its manifesto for...

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Turnaround in confidence levels by South West firms points to strong growth this year

June 1, 2017
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Turnaround in confidence levels by South West firms points to strong growth this year

Confidence among businesses in the South West is back in positive territory after a sustained period of decline, according to a new survey. The latest quarterly ICAEW Business Confidence Monitor shows investment plans in the region are stronger than the UK average in areas such as employment, staff development and capital investment. The survey findings...

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