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Top story
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Sainsbury’s shrugs off Ashton Gate fears
Sainsbury’s has calmed fears that its planned superstore at Bristol City’s Ashton Gate site will not go ahead. Bruno Moore, regional town planning manager for Sainsbury’s, told Insider that a council-commissioned GVA planning report will not affect the company’s bid to get planning commission. It has been reported that the document claims the development will have an adverse impact on other businesses.
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Deals
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Clarke Willmott agrees HSBC funding deal
Clarke Willmott has secured a finance package from HSBC to fund its national growth plan. The law firm, which has offices in Bristol and Taunton, said the money will be invested into areas of expertise including construction and real estate.
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Property
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Morgan Sindall in £350m Bournemouth regen
Morgan Sindall Investments Limited (MSIL) has signed contracts worth £350m with Bournemouth Borough Council to kickstart regeneration in the town.
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Bonus scheme launched to combat record low housebuilding
The government has unveiled details of its New Homes Bonus scheme to encourage communities to build more houses. The announcement came as it was revealed the number of new homes completed in England last year fell to its lowest level since 1923. Authorities in Birmingham, Bristol, Manchester, Leeds and Bradford are among the first to share £200m from the government's scheme.
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Business
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Cotswold Geotechnical Holdings fined £385,000
The Gloucestershire-based business Cotswold Geotechnical Holdings has been fined £385,000, having been found guilty earlier this week of corporate manslaughter relating to the death of geologist Alex Wright.
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Exeter joins SETsquared to boost economic growth
The University of Exeter has joined the SETsquared Partnership, a university collaboration aimed at boosting economic growth. The partnership aims to do this by commercialising academic research and creating jobs through its support for high tech, high growth and early stage companies.
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Bristol entrepreneur in Twitter law plan
Bristol entrepreneur Nick Jervis has set up what is believed to be the UK’s first Twitter-based legal service. Nick Jervis, managing director of Bristol-based Loyalty Law, has joined forces with Silks Solicitors, AJR Solicitors and Quality Solicitors CMHT to offer free legal advice to businesses and individuals in 140 characters or fewer through the social media platform. The lawyers are part of the team behind @thelegaloracle, which founder Jervis told Insider could become a “commonplace” feature of UK law firms.
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Redrock posts record performance
Bristol-based Redrock Consulting has reported its best financial performance for 2010. Fee incomes rose from £2.2m in 2009 to £2.8m in 2010, representing a 22 per cent increase for the IT recruitment consultancy.
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We need interest rate hike - MPC member
A member of the Bank of England's Monetary Policy Committee has spoken out in favour of faster and larger rises in the Bank's interest rate. Andrew Sentance used his speech to the Institute of Economic Affairs to respond to the threat of rising inflation.
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Community
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Tague on Tour: Arrested development?
Right about now, there’s an absolute truckload of research from the major property consultancies, writes Neil Tague. With 2010’s final take-up figures in and the investment sales tallied up, we’re not short of opinion on what the stats mean and what we can expect to see this year.
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In Focus: The lost generation?
With one in five young people now unemployed, Sam Metcalf wonders where all of the jobs the government promised are going to come from.
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Advice
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