Today's South West business news from Insider |
Latest News | Chippenham-headquartered third-party logistics business Wincanton has reported resilient first half results with strong growth in digital and eFulfilment where it has taken advantage of increased demand for online retail during the period. Profitability was, however, hit by Covid-19 disruption.
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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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Businesses from across the UK, including in Wales and the South West of England, are set to benefit from £134m of UK Government investment into clean growth projects.
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Somerset-headquartered Clarks has reached an agreement for Asian private equity firm LionRock Capital to acquire a majority stake in the historic shoe brand as part of a £100m investment. The deal, which also involves the Clark family remaining invested, is subject to shareholder approval and a CVA for Clarks' UK and Republic of Ireland businesses in relation to its store portfolio.
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Exeter-based WNW Digital has received a £100,000 CBILS-backed loan to support its business continuity and growth during Covid-19.
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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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Dorset-headquartered brewer and pub company Hall & Woodhouse has said it is in a "much better position" than forecast but is expecting further challenges from the introduction of a second lockdown in England.
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Lifestyle brand Joules "remains on track" to meet its expectations for its current financial year despite sales falling 18 per cent since its stores first reopened in July.
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Listed furniture retailer DFS has temporarily closed more than 180 stores but said the lockdowns in England, Wales and the Republic of Ireland were not expected to "materially impact revenues and profitability".
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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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A four-star hotel near Dartmoor National Park has been sold.
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Work is progressing well on the redevelopment of a landmark office building in Plymouth as part of a major property investment by Plymouth City Council. The investment is set to secure hundreds of jobs for the city.
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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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Premier Foods has confirmed it is in talks over a sale of its stake in Hovis.
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Member Exclusive News | Superdry has said it made continued progress on its brand reset project in the first half of its financial year, despite Covid-19.
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The group behind the likes of Sports Direct and House of Fraser has significantly increased its stake in luxury brand Mulberry to almost 30 per cent.
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