Today's South West business news from Insider |
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South West
Thursday 18 March 2021

Latest News

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Western Power Distribution to be acquired in £7.8bn deal

A deal has been agreed for National Grid to acquire Western Power Distribution, a Bristol-headquartered electricity distribution business which serves approximately 7.9 million customers and employs more than 6,500 staff, for an equity value of £7.8bn. National Grid has also agreed to sell a US-based electricity business provider and announced plans to sell a majority stake in National Grid Gas.
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Insider Feature
Feature 1

Ask the expert: What’s the future of Business Interruption (BII) Insurance?

Welcome to our Q&A with director of BCR Associates, Steve Bolt and one of our preferred suppliers, Elliot McQuillan, managing director at McQuillan Insurance Brokers.
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Deals

Paradigm Norton completes pair of acquisitions

Financial planning business Paradigm Norton has expanded with the acquisition of firms based in London and Exeter.
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£210m acquisition wins Deal of the Month

The acquisition of a Queen’s Award-winning manufacturer of water treatment products in a £210m transaction which provides an exit for mid-market private equity firm LDC has been named as Deal of the Month for February.
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Loan backing for expansion plans of Bay’s Kitchen

Bay's Kitchen, a Gloucestershire food business specialising in dietary requirements, has secured a Coronavirus Business Interruption Loan Scheme via SWIG Finance.   
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Insider Feature
Feature 2

Business Matters: Five things small businesses and their owners need to consider following the budget announcement

Michael Hesketh, head of Tax for the West Country region at Azets, has put together five top tips to help small businesses and their owners following the Budget announcements.
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Business

Resilient performance at family-run construction firm

Construction business Beard has posted results covering a resilient full-year performance at the family-run group despite the challenges presented to the industry in 2020.
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Turnover tops £100m at Freeths

Turnover at national law firm Freeths has topped the £100m mark in a year when the business also grew its pre-tax profits. The firm's managing partner said that Freeths is "well-positioned" for continued growth.
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WBD appointed as One City Plan adviser

Law firm Womble Bond Dickinson (WBD) has been appointed by Bristol City Council as a key adviser for the delivery of its One City Plan and to support with new infrastructure, housing and regeneration projects across the city.
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Overhaul of UK audit regime unveiled

A series of reforms to the UK's audit regime designed to safeguard jobs, avoid company failures and reinforce the UK's reputation as a destination for investment have been unveiled by business secretary Kwasi Kwarteng.
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Insider Feature
Feature 3

Ask the expert: Building in a pandemic – what did I learn?

Claire Arbery, director at West of England Institute of Technology, says the date March 31st 2021, has been a key day in my calendar for the last 18 months. Why? We committed back in the summer of 2019 to fully open The West of England Institute of Technology (www.weiot.ac.uk) and its building projects by this date. Have we achieved it?
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Property

Land deal paves way for major logistics scheme

A 60-acre development site in the Avonmouth has been acquired by global real estate business BentallGreenOak and its development partner Equation Properties.
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Funding deal supports expansion at Devon footwear supplier

A footwear supplier in Devon has secured a finance package of more than £1.3m from HSBC UK to acquire and fit-out larger premises in Poole.
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Major housebuilding programme underway

Work is under way on the first of more than 600 new homes to be built across Cornwall by developer Treveth.
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Insider Feature
Feature 4

Business Matters: Top cyber tips from The Cyber Resilience Centre for the South West

Top cyber tips for using email, mobile devices and software safely from The Cyber Resilience Centre for the South West
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Other News

NEW 2021 South West Top 500 Companies data - Early Bird Offer

Member Exclusive News

Group CFO appointment at Mitie

A new group chief financial officer (CFO) has been appointed at Mitie Group, the facilities management giant with operations in the South West.
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A31 Ringwood improvements move forward  

Highways England’s plans to widen the A31 at Ringwood are going on show in a series of events where people will be able to hear more about the work.
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Services & Guides

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