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Top story
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EU cash motive behind Cornwall-only LEP
The fear it might lose millions of pounds in EU funding was behind Cornwall’s controversial decision to shun neighbouring Devon and submit its own Local Enterprise Partnership (LEP) bid with the Isles of Scilly, Insider can reveal.
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Business
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Hotel room rates dip in Bristol
Bristol’s hotel industry saw a decline in business in June adding to speculation that the economic recovery is stalling.
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‘Green energy’ could lead South West recovery
‘Green energy’ jobs could be the key to leading the region out of the economic downturn, according to a new survey.
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Racing Post takes punt with Bristol software firm
Bristol-based marketing software provider smartFOCUS has been selected by betting newspaper Racing Post to deliver targeted email campaigns.
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Zurich Insurance fined £2.28m
Finance firm Zurich Insurance, which employs hundreds of people in Cheltenham and Swindon, has been fined a record £2.28m for losing personal details on 46,000 policyholders.
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Spirax-Sarco posts record H1 profits
Cheltenham-based engineering company Spirax-Sarco has achieved record results for the first half of 2010, posting a 44 per cent rise in pre-tax profit. For the first half, Spirax Sarco posted an adjusted pre-tax profit of £54.9m compared with £38.2m a year ago.
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Join our business community…
Take advantage of Insider’s Membership package: Insider magazine, events, business guides, exclusive online content and Insider partner offers. Special introductory offer until 30 September 2010.
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Deals
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Bristol tool hire firm sold for £43m
Bristol-based tool and equipment hire company Brandon Hire has been sold to private equity firm Rutland partners for £43m. Parent company Wolseley, which distributes heating and plumbing products, said it sold Brandon Hire because it no longer fits its strategic objectives.
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Property, Regeneration & Public Sector
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Severn barrier project hangs in balance
The government has hinted that plans to build a large multibillion pound energy-generation project in the Severn estuary could be mothballed. A report due in the autumn should reveal the fate of the scheme.
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Property investment in Swindon at a 15-year high
Property investment in Swindon over the last 12 months has been at its highest level for 15 years, according to property consultant Alder King.
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