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Top story
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Profit and turnover leap at RSM Tenon
National advisory and accountancy service RSM Tenon has revealed a turnover increase of 65 per cent in the second half of 2010. The firm, which has offices in Bristol, Bournemouth and Swindon, said underlying profits also climbed by 53 per cent over the six-month period. The firm said it was continuing to reap the benefit of its major acquisitions of RSM Bentley Jennison and certain assets of Vantis, adding it expected the integrations would deliver a contribution of about £10m in cost savings over the next year.
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Deals
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Rotork makes Mexican acquisition
Bath-based engineering business Rotork has acquired Rotork Servo Controles de Mexico SA de CV (RSCM) - its Mexican sales and service agent. Formal completion is to take place following share transfer formalities being finalised. The gross assets of RSCM are approximately £1.6m.
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G&S secures new ownership
Bridgwater-based fruit and vegetable wholesaler G&S (Cossey) has secured new ownership. Mark and David Kidner, owners of M&D Kidner and MD Fresh Produce, have taken over the company which will now be known as Cossey Produce. The deal safeguards more than 100 jobs.
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Investment for South Devon franchise group
South Devon-based Wordley and Adams, which operates two Costcutter franchises, is set to add further product ranges to its stores with the support of funding from Lloyds TSB Commercial.
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Property
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Cornish hotel and golf club goes up for sale
Lostwithiel Hotel Golf and Country Club in Cornwall is up for sale. Offers in the region of £1.85m are invited for the property, which is being offered to the market as a retirement sale.
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FRP Advisory opens new Bristol office
FRP Advisory, a restructuring, recovery and insolvency firm, is expanding its presence in the South West with the opening of a new office in Bristol.
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Business
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Watch out for green fraud, warns PwC
Fraud and market abuse has opened up in the sustainable business and green sector but the controls and systems that protect them remain relatively weak, PwC has warned in a report.
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Barclays boosts financial planning team
Barclays Wealth’s Bristol office has boosted its financial planning team with the appointment of Paul Fisher, who joins as vice president.
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BVCA calls for ‘venture czar’
The BVCA has called on the government to appoint a ‘venture czar’ to champion the venture capital industry and encourage private sector investment in the next generation of UK companies.
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