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Top story
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Mears on acquisition trail after revenue boost
Gloucester-based Mears Group said it is looking to acquire new companies in 2011 this morning after revealing that revenues for its domiciliary care services were up by £40.3m for the year ended 31 December 2010. The figures were boosted by the acquisition of homecare service provider Supporta, which Mears bought in 2010.
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Deals
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Kraft in for questioning
Bosses at Kraft are set to meet with MPs today. The food company is expected to be asked to explain the promises it made over the future of the Somerdale factory at Keynsham during the company's takeover of Cadbury.
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Tritech acquired by Indian group
Barnstaple-based Tritech Group, a manufacturer of investment castings, has been acquired by Uni Deritend, part of India's Neterwala Group. Tritech was advised by Clearwater Corporate Finance.
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Business
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Insider panel to debate Exeter's prospects
Insider is bringing together senior figures from the public and private sectors at a panel event to discuss Exeter's economy, redevelopment and future prospects.
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Revenues up at Debenhams despite ‘difficult trading conditions’
Taunton-headquartered Debenhams has revealed that transactions were up by 3.2 per cent for the first half of its 2011 financial year, which comprises the 26 weeks to 26 February 2011.
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Cheltenham betting will reach record high
Cheltenham Festival kicks off today and despite difficult economic conditions, record levels of betting are expected as 27 races take centre stage - an all-time festival high. Edward Gillespie, managing director of Cheltenham Racecourse, told Insider that “on course betting remains very strong”.
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Profits up at Bath Building Society
Bath Building Society has announced its “best ever set of results” with pre-tax profits up 32 per cent on last year and reserves up from £14.1m to £15m.
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Business leaders to tour Flybe’s £24m academy
Business leaders from across Devon and Cornwall are to tour Exeter’s £24m Flybe 'Training Academy'. Institute of Directors (IoD) members are set to tour the facility tomorrow.
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The Top 500 Companies marketing database
Are you looking to source new clients? Insider’s South West Top 500 Companies 2011 database is our accurate and comprehensive business marketing list, providing you with contacts for the region’s biggest companies. Order this month and receive a 30 per cent discount, or request a free sample now.
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Property
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Handelsbanken opens Gloucester branch
Swedish bank Handelsbanken has opened a branch in Gloucester Business Park. It has taken 1,677 sq ft in Building 1145 at Regent Court.
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Truro hotel gets refurb
Refurbishment work has started on the Truro-based St Mawes Hotel. The first phase of the work is scheduled to be completed by mid-May.
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