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Top story
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Wessex Exploration in AIM flotation
The first West Country AIM admission since 2008 has taken place this morning. Bristol-based hydrocarbon exploration company Wessex Exploration has joined the Alternative Investment Market in an attempt to raise £3m. Simon Staples, corporate partner at Ashfords - the law firm that advised Wessex Exploration - told Insider that he “expects to see further interest from similar companies who have been watching the market”.
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Deals
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Plymouth marketing companies merge
Two Plymouth-based marketing companies have announced a merger. Company of Designers England and Lime Juice Marketing have joined forces to form CODE Marketing & Communications.
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Two-tiered capital system looms
Competition for capital is set to intensify with fears of a looming split creating a "two-tier economy" between larger cash-rich businesses and those in need of funding. That's the view of Deloitte, which has carried out a study entitled 'A Tale of Two Capital Markets'.
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Property
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Steel Monkey takes centre stage at Malago House
Stage and scenery manufacturer Steel Monkey Engineering has taken almost 30,000 sq ft of space at a warehouse on the Malago House Estate in Bristol. DTZ in Bristol advised on the deal.
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£13m INTO centre opens at Exeter
The £13m INTO Academic Centre at the University of Exeter has opened its doors to students. The building - the product of a joint venture between INTO University Partnerships and the Exeter university, forms part of a £41m plan by INTO to boost facilities for international students.
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Lang Bennetts moves in on Falmouth market
Lang Bennetts has opened new offices at Greenbank Quay in Falmouth. The accountancy and business advisory firm said it wants to capitalise on "a vibrant growth area".
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Business
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Cut red tape in Budget, urges Hutchings
The Chancellor needs to cut red tape to stimulate growth, according to Nigel Hutchings, chief executive of the South West Chamber of Commerce. He told Insider: “We need cuts on expensive, over-complicated employment red tape and legislation nationally.”
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Reabur wins hospital HR contract
Gloucester-based Reabur has won a human resources brief from Tetbury Hospital. The HR consultancy firm won the contract after undertaking a free HR review of the hospital.
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Business advice on offer in Swindon
A business advice open day for anyone considering starting their own business or becoming self employed is taking place in Swindon on Tuesday (29 March). HM Revenue & Customs (HMRC) has organised the event.
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Manufacturing is 'picking up pace'
Manufacturing order books have hit their highest level for three years, according to a Confederation of British Industry (CBI) study. CBI chief economic adviser Ian McCafferty said manufacturing is "picking up pace".
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