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Top story
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Trelleborg buys Watts Tyres for £21.6m
Gloucestershire-based industrial tyre maker Watts Tyres has been bought by Swedish group Trelleborg for £21.6m. Watts Tyre Group, which is based in Lydney, is represented in North America by Watts Industrial Tyre Services, and has annual sales of about $42m and about 230 employees.
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Business
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Plymouth Argyle issued with winding-up order
Plymouth Argyle football club has been issued with a winding-up order by HM Revenue & Customs. The League One side was presented with a petition last month. The club has been summoned to appear at the Royal Courts of Justice on 8 December.
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Businesses downbeat after rail electrification postponed
Businesses and councils in the South West have expressed disappointment and frustration after the government put on hold the electrification of the mainline rail route to London. Plans for the electrification of the London to Swansea route have been put on hold until at least the new year, despite a previous government commitment, and it is feared any decision is unlikely until the end of the decade.
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Mears takes on £37m Rok contract
Mears, the Gloucester-based social housing repairs and maintenance business, is to take over a major contract with Bristol City Council from collapsed Exeter-based building services firm Rok, saving 100 jobs.
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Viridor helps Pennon profits edge higher
Pennon, the Exeter-headquartered waste and water group, has achieved a small increase in half-year profit. The group experienced a sharp rise in profits at recycling subsidiary – but this has been offset by a fall in profits at another subsidiary South West Water.
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Insider panel to debate West of England
Insider’s economic debate road show turns its attention to the West of England in early December. A panel of leaders from business and the public sector will debate the challenges and opportunities facing the subregion in front of an invited business audience. With the bid to form a Local Enterprise Partnership accepted, this is a crucial moment for this economic hub of the South West. Confirmation of the LEP means the stage should be set for the West of England to push ahead in 2011. But that means that business, academia and the local authorities will all need to pull in the same direction.
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SRT boosted by $1.2m new orders
Software Radio Technology, the Bath-based company that delivers identification and tracking technologies used by maritime vessels, has received new orders from existing customers for its AIS Class A product worth a total of $1.2m.
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Property, Regeneration & Public Sector
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Three new retailers rent space at Cribbs Causeway
The Mall at Cribbs Causeway has announced the arrival of three new retailers - Hotel Chocolat, Hush Puppies and Pandora.
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People
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Alder King increases headcount in Bristol
South West-based commercial property agent Alder King is expanding its energy, management services and asset recovery teams in Bristol.
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