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Top story
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South West football teams spend least on players in UK
Two cities in the South West, Bristol and Plymouth, will host games should England win the right to host the 2018 World Cup, but the region’s top football teams still lag the rest of the country when it comes to investing in top talent.
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Deals
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Alterian buys Intrepid Consultants in £7.4m deal
Bristol-headquartered specialist marketing technology group Alterian has bought social media analytics concern Intrepid Consultants. The total cost of the deal could reach £7.4m depending on whether Intrepid hits certain revenue targets.
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Somerset sealing solutions firm sold
Somerset-based company SM Seals has been sold to Netherlands-based company Nieuwburgh BV for an undisclosed sum.
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Business
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Financing costs jump 41 per cent at Smiths News
Swindon-based Smiths News has agreed a new £135m committed banking facility with a consortium of five relationship banks, but seen the price it pays to finance its debt jump by 41 per cent.
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RBS cuts 300 more jobs in Bristol
The Royal Bank of Scotland has announced it is to close one of its offices in Bristol that will lead to the loss of 300 jobs.
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FSA fines Moneywise £20,000 over investment advice failings
Bath-based financial adviser Moneywise has been fined £19,600 by the Financial Services Authority for failing to have robust compliance arrangements in place for investment advice given to customers using platforms and discretionary portfolios.
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£40m contract eases Rok’s woes
Exeter-based property repair company Rok has landed a £40m deal to provide home insurance for a subsidiary of insurance giant Axa. The news provided a welcome shot in the arm for the company after it reported half-year losses of £3.8m in August and suspended its finance director following the finding of "serious failings" in financial controls occurred within the group's plumbing division.
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Hargreaves Lansdown posts 18 per cent rise in profits
Bristol-based financial services company Hargreaves Lansdown has posted a rise in profits of 18 per cent for financial year ending 30 June, driven by strong incoming business.
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Bristol law firm wins Oxfordshire panel appointment
Bristol-based law firm Veale Wasbrough Vizards has been appointed to a panel of firms providing legal services to six local authorities in Oxfordshire and the Royal Berkshire Fire Authority.
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Property, Regeneration & Public Sector
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Advanced Insulation to move to new HQ
Gloucestershire-based manufacturer Advanced Insulation is set to move to a new £1.9m headquarters at Quedgeley West Business Park in Gloucestershire, following its acquisition of a 31,000 sq ft office unit.
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