Today's South West business news from Insider |
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South West
Friday 6 November 2020

Latest News

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Mears agrees disposal to focus on core activities

Gloucester-headquartered housing and social care provider Mears has agreed the conditional sale of TerraQuest Solutions, a land and planning services specialist which works with a wide range of customers, notably the National Planning Portal. The deal is worth up to £72m.
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Insider Feature
Feature 1

Ask the expert: Why Covid could mean more females in manufacturing in the South West

Helen Plumridge, chief executive and owner of King Recruit, explores why the Covid-19 crisis could help South West manufacturing and engineering companies lead the way when it comes to increasing their female workforce.
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Deals

RSA approached about possible £7.2bn takeover offer

RSA Insurance Group has confirmed it has been approached by a consortium with a proposal regarding a possible multibillion-pound takeover offer for the historic insurance business.
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Deal activity falls in 2020 to date despite Q3 resurgence

The number of deals recorded in the South West fell by 29 per cent in the year to date, although there was a resurgence in the third quarter, while the value of transactions also dropped sharply, according to new M&A research.
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£30m funding commitment unveiled to support SMEs

British Business Investments has provided a £30m commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund.
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Private equity firm acquires Hovis

Private equity firm Endless has acquired 134-year-old bakery brand Hovis.
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Insider Feature
Feature 2

Business Matters: The five elements of a successful PMO

Decades ago, the idea of a council outsourcing the management of projects would have been unheard of, says Dara Jafari, associate director at Faithful+Gould. But today, with increasing pressures on resources and scrutiny around spend, the idea of a project management office (PMO) is becoming increasingly attractive to local authorities.
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Business

Sunak to extend furlough scheme to March

The UK-wide furlough scheme is set to extend until the end of March 2021, Chancellor Rishi Sunak has announced.
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Corporate and commercial partner promotion at Lester Aldridge

South Coast law firm Lester Aldridge has made a partner promotion within its corporate and commercial team based in Bournemouth.
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Sainsbury’s changes to impact thousands of jobs

Sainsbury's has revealed plans to close 420 standalone Argos stores and said its meat, fish and deli counters will cease to operate. The move is expected to impact about 3,500 jobs.
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Insider Feature
Feature 3

Business Matters: A guide to producing the right financial and management information

As the pandemic continues, and with many businesses experiencing financial challenges, it is now more important than ever to produce accurate and up-to-date mangement information. Graham Randall, managing director at Quantuma, considers ways in which businesses can monitor their financial heath and utilise cashflow forecasts to ensure that they remain as resilient as possible through the toughest of economic conditions.
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Property

Urban&Civic set for £506m takeover

A £506m deal for commercial development specialist Urban&Civic has been agreed.
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First phase of trade park redevelopment completes

Progress in the redevelopment of Bridgwater Trade Park has gathered pace with the completion of the five units of phase one.
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Office take up in Bristol boosted by out-of-town activity

Out-of-town activity has helped lift Bristol’s office take-up activity in a subdued market, according to a new report.
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Insider Feature
Feature 4

Business Matters: Connecting the future workforce during Covid

Lauren Squibb, business growth & employer partnerships manager at Weston College, says despite challenging times, we’re supporting our network of employers to access the unique skills of our students, and help to build their future workforce. We build partnerships that deliver impact for all.
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Manufacturing

Rolls-Royce to cut almost 1,400 jobs

Almost 1,400 jobs are being cut by engineering giant Rolls-Royce, it has been confirmed.
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UK new car market suffers October decline

The UK new car market declined again in October, with registrations falling by 1.6 per cent year on year, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
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Other News

South West Top 500 Companies data - Contact the region’s top decision makers

Member Exclusive News

Wincanton agrees sale of subsidiary

Listed third-party logistics group Wincanton has agreed to sell Wincanton Pullman Fleet Services, its UK commercial vehicle repair and maintenance company, to asset management firm Aurelius Investments.
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Views sought on designs for ‘A417 Missing Link’

A consultation on Highways England’s updated designs for the ‘A417 Missing Link’ is set to close next week.
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Services & Guides

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Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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