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South West
Friday 9 July 2021

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New £1.045bn offer recommended to Vectura shareholders

A new takeover offer has been recommended to shareholders of Chippenham-based inhaled drug development specialist Vectura. The offer values the listed business at £1.045bn and is from a subsidiary of Philip Morris International, which is expanding into products beyond tobacco and nicotine.
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Insider Feature
Feature 1

Business Matters: Podcast – Ice cream entrepreneur shares secrets of export success

In the latest episode of PKF Francis Clark’s Business Noodles & Doodles podcast, Amanda Stansfield shares the lengths she went to in order to win her first export orders. And she explains how selling internationally has transformed the business from a seasonal enterprise to a thriving year-round operation.
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Deals

Ultimate Finance expands syndicate with £160m facility

Specialist asset-based lender Ultimate Finance has increased its lending capacity through a new £160m wholesale funding facility. HSBC has joined the Bristol-based lender's working capital syndicate along with the extension of existing long-term relationships with both Lloyds and NatWest.
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Property due diligence services firm snapped up for £91.5m

A Swindon-based property search and conveyancing services provider has been acquired in a deal worth about £91.5m.
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Seed funding to drive forward Space Forge plans

Space Forge – a business that is developing a reusable manufacturing space satellite - has raised seed funding to support its growth plans. Space Forge was established in Bristol.
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The Snappy Group completes £19.4m job-creating fundraise

The Snappy Group has completed a £19.4m fundraise which will create 400 new jobs. 
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Listing activity momentum continues into Q2 - EY

Listing activity on the London markets has maintained the momentum witnessed in the previous two quarters with another strong performance, according to new data.
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Insider Feature
Feature 2

Business Matters: The Future of Marine Innovation in Plymouth

Rob Watson from Plymouth City Council says from Drake to Darwin through to the present day, Plymouth has been the UK's acknowledged centre for marine innovation.
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Business

Making the right choices on digital transformation - panel

Digital is transforming commerce - but how do you ensure your organisation makes the right decisions when it comes to riding this wave of technological change? Insider is drawing together a panel of experts to help you make the right choices.
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Insider Feature
Feature 3

Business Matters: Harnessing the energy of your employees

Jonathan Riley, practice leader and tax partner for Grant Thornton UK LLP in Bristol and the South West, looks at how Employee Ownership Trusts can be used to harness the energy of employees and be a useful way in which to plan for succession in a business.
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Property

Gtr Bristol logistics and industrial take-up set for 15-year high

Greater Bristol is on target for its highest annual logistics and industrial take-up in 15 years, according to a new report.
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Bank supports flagship practice launch at Vetsmiths

Dorset-based Vetsmiths has opened a flagship practice in West Borough, Wimborne, with support from Lloyds Bank.
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Other News

NEW 2021 South West Top 500 Companies data - now available to order

Member Exclusive News

RAF submarine-hunter contract to create jobs

A contract worth more than £230m for the RAF’s Poseidon Maritime Aircraft fleet has been signed with Boeing Defence UK (BDUK) creating more than 150 UK jobs, including a number in Bristol and Yeovil.
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