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Top story
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Torbay tourism must 'adapt to survive'
The future of parts of Torbay’s cornerstone visitor industry is in doubt unless it adapts and attracts niche tourism markets, business leaders at an Insider debate have warned.
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Deals
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Rowan Dartington to be sold
A conditional contract has been signed for the sale of Bristol-based Rowan Dartington to a new company formed by a consortium of private investors, led by Graham Coxell.
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EMCAS in management buyout
A management buyout has been completed at EMC Advisory Services (EMCAS), based in Paignton, Devon. The corporate finance team at Catalyst Corporate Finance advised on the deal.
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Property
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CRS moves to Tamar Science Park
CRS has moved to a site at Plymouth’s Tamar Science Park. The training provider says it has moved to the science park following growth.
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Buy-to-let market improves and fewer home repossessions
The buy-to-let market grew in 2010, according to the Council of Mortgage Lenders. The organisation also reported a 24 per cent drop in home repossessions during 2010 to 36,300.
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Business
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Flybe increases revenue
Exeter-based Flybe has increased revenues by 1.5 per cent to £139.5m. The results cover the third quarter, ended 31 December 2010. Revenues have increased despite Flybe estimating that bad weather during the period had an estimated financial impact of £6m.
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Work to begin on flood defence schemes
The South West has been allocated £47.7m to spend on coastal defence projects. This is part of government plans to reduce the risk of flooding and coastal erosion across the UK.
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Uniq tackles £400m pension deficit
Uniq, which manufactures chilled convenience food in Somerset, is to be 90 per cent-owned by its pension trustee under a restructuring plan.
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Balance needed for doomed RDA disposals - BIS
The assets of scrapped regional development agencies must be disposed of in a manner which balances benefit to the local area with achieving best value for the public purse. That's according to the Department for Business, Innovation and Skills.
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