Today's South West business news from Insider |
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South West
Monday 21 September 2020

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Superdry results impacted by Covid disruption

Revenues have slipped at clothing brand Superdry, with its performance for its financial year "materially impacted" by the outbreak of Covid-19. Losses also widened.
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Insider Feature
Feature 1

Business matters: The CBILS finish line is in sight – Get your applications through now

Tom Seymour, regional director at Growth Lending, says that businesses must take a long-term view on CBILS funding in order to succeed in the wake of the Covid-19 pandemic.
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Deals

Virtually There expands with acquisition

Bristol-based Virtually There, a provider of virtual offices and business services, has completed the acquisition of virtual reception brand Receiver from London business Hoxton Mix.
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Cornish expansion for Acronyms

Acronyms, an IT support business with bases in Plymouth and Bristol, has acquired a Cornish firm.
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Mercia makes £40m SME commitment

Mercia has outlined details of an additional commitment to its debt funds as it looks to back more UK SMEs over the next five years.
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Rolls-Royce considering £2.5bn finance boost

Rolls-Royce is "evaluating the merits" of raising £2.5bn to boost its finances which have been hit hard by the Covid-19 pandemic.
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Insider Feature
Feature 2

Ask the expert: Are you Brexit ready in a Post Covid-19 world?

Lizzie Hill, tax partner at Deloitte in the South West, looks at the impact of Covid-19 on how businesses are preparing for Brexit.
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Business

Franchise deal secured for new Exeter hotel

Prydis has secured a franchise deal with Intercontinental Hotels Group (IHG) to turn a former House of Fraser outlet In Exeter into a new Hotel Indigo.
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Isles of Scilly Steamship Company partners with unmanned aircraft firm

The Isles of Scilly Steamship Company has unveiled a new partnership with unmanned aircraft company Flylogix to trial an enhanced freight delivery service based at Land’s End Airport.
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Rail franchising system brought to an end

The government has put an end to rail franchising and set out plans for a new system designed to provide a "simpler, more effective" structure.
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“Challenging” first half for Pennant International

The chairman of Pennant International Group has described the first half of the year as "challenging" after Covid-19 caused deepening pre-tax losses. However, the business expects things to improve during the second half of the financial year.
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Return to growth in UK tourism sector - report

The UK tourism and recreation sector returned to growth for the first time since February, according to the Lloyds Bank’s UK Recovery Tracker.
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Insider Feature
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Business Matters: A brief journey through lighting design

Marcela Pomphrey from 299 Lighting, says lighting has gone through a revolution over recent decades. It is no longer limited to the flick of a switch. Where once we illuminated offices and workspace in a universal harsh glow, now you can reap the benefits of clever, creative lighting that can do more for a business than you ever expected.
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Property

Volvo agrees pre-let for flagship site at Horizon-38

A pre-let has been agreed for Volvo Cars UK to open a flagship dealership at the Horizon-38 regeneration project on the site of the former Rolls-Royce East Works site in Filton.
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Christie & Co completes sale of historic guesthouse

Specialist business property adviser Christie & Co has completed the sale of a 15th century guesthouse in Gloucestershire off an asking price of £1.1m.
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Escape room company to launch new sites

An escape room company has provided an update on its UK-wide expansion.
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Urban Logistics to raise £130m

Urban Logistics has solidified plans to raise £130m as it looks to continue expanding.
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Insider Feature
Feature 4

Business Matters: St. Modwen talks sustainability and wellbeing at its sites in the South West and Wales

James Irwin-Singer, development manager from St Modwen Industrial & Logistics, talks about the company’s upcoming new phases at two of its landmark sites in the South West and Wales, and how they’re adapting to meet environmental and wellbeing requirements from occupiers and tenants.
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Other News

2020 South West Top 500 Companies data - Contact the region’s top decision makers

Member Exclusive News

Community store and post office up for sale

A community store and post office in Gloucestershire has been brought to market with a guide price of £90,000.
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Forward funding partner sought for Gloucestershire scheme

Property development and investment company Barberry Industrial has launched a search for a forward funding partner for a Gloucestershire industrial scheme let to an American aerospace and defence business.
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