Finance

New Bristol Water owner promises better deal for customers following £425m acquisition

June 4, 2021
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New Bristol Water owner promises better deal for customers following £425m acquisition

South West utilities group Pennon has vowed to invest in Bristol Water, which it bought this week for £425m, promising a better service for its 1.2m customers. Exeter-based Pennon, which already owns South West Water, bought Bristol Water from multinational asset management firm iCON Infrastructure and Itochu, one of...

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Acquisitive Welsh building materials group snaps up long-standing Bristol timber firm

June 4, 2021
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Acquisitive Welsh building materials group snaps up long-standing Bristol timber firm

Bristol-based timber supplier Taylor Maxwell Group, which started life in 1959 as a brick and timber merchant operating from one showroom in the city, has been acquired by a smaller rival in a deal worth up to £63m. Key senior management and around 190 staff will transfer to new...

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Event: Ensuring people and communities are at the heart of the transition to zero carbon

June 4, 2021
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Event: Ensuring people and communities are at the heart of the transition to zero carbon

The role of the financial services sector in the drive towards a low carbon economy will be explored at an event to be staged next week by Bristol-based green investment firm Rathbone Greenbank. Its 24th annual Investor Day – which this year takes place virtually – will look at...

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Womble Bond Dickinson acts for broker on strategic healthcare insurance acquisition

June 3, 2021
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Womble Bond Dickinson acts for broker on strategic healthcare insurance acquisition

Corporate and tax experts from the Bristol office of transatlantic law firm Womble Bond Dickinson have advised broking group Howden on its acquisition of Thornbury-based Medical Professional Risk Solutions, a specialist insurance broker for the primary care sector. The acquisition expands London-based Howden’s health & care division as it...

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Green business grants can make saving cash and energy child’s play

June 2, 2021
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Green business grants can make saving cash and energy child’s play

Bristol’s small and medium-sized businesses are being urged to take advantage of grants which can make them greener while also saving them money. But they need to hurry as applications for the grants close on June 25. The Green Business Grant scheme is run by the West of England...

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CFO appointment at Optimum Finance tips balance of senior leadership team in favour of women

June 2, 2021
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CFO appointment at Optimum Finance tips balance of senior leadership team in favour of women

The majority of the senior leadership roles at Bristol-based invoice finance provider Optimum Finance are now held by women following the appointment of Vicky Williams as chief financial officer. Vicky’s arrival from Newport-based Propel Finance, where she was group finance controller, means that three of the five-strong team at Optimum are...

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New investment to spur further growth at workplace financial wellbeing group

June 1, 2021
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New investment to spur further growth at workplace financial wellbeing group

The Wealth at Work group, a provider of workplace financial wellbeing programmes and retirement services with an office in Bristol, has secured further investment to maintain its strong growth. The group, which has its headquarters in Liverpool, works with more than 450 private and public sector employers including Marks...

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Bristol joint second UK city for strength of its tech industry, report shows

May 28, 2021
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Bristol joint second UK city for strength of its tech industry, report shows

Bristol has again been hailed as one of the UK’s top tech hotspots – this time in a report by electronics retailer Carphone Warehouse. The city, which often heads national rankings for its tech strength, particularly in areas such as virtual reality, joins London and Edinburgh in Carphone Warehouse’s...

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£1.4m for Bristol biotech firm aiming to take gene therapy ‘paradigm shift’ from lab to clinic

May 28, 2021
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£1.4m for Bristol biotech firm aiming to take gene therapy ‘paradigm shift’ from lab to clinic

A pioneering Bristol medical firm working at the leading edge of gene therapy to combat a range of illnesses has secured funding of more than £1.4m. Clifton-based Argonaute RNA aims to use the power of RNA interference (RNAi) to create ground-breaking medicines that harness the body’s natural cell mechanisms...

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Major programme to help Bristol firms develop low-carbon and sustainable technology

May 27, 2021
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Major programme to help Bristol firms develop low-carbon and sustainable technology

A business support programme showing how small and medium-sized Bristol firms can benefit from sustainable innovation has been launched by world-leading business incubator SETsquared and the University of Bath. The three-year programme, which has been funded by the European Regional Development and available for firms based in the West...

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Saudi property firm’s £19m office deal completed by Foot Anstey’s Islamic finance team

May 26, 2021
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Saudi property firm’s £19m office deal completed by Foot Anstey’s Islamic finance team

Law firm Foot Anstey’s Bristol-based Islamic finance team has advised a Saudi-based management firm on its acquisition of an office block worth £19m. The 39,000 sq ft Grade A building in Brentwood, Essex, was bought by Sidra Capital, with Foot Anstey working on the deal from inception to completion. ...

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Partnership backed by Bristol firms to support businesses mulling staff ownership

May 26, 2021
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Partnership backed by Bristol firms to support businesses mulling staff ownership

A new partnership that includes national law firm TLT and ethical bank Triodos’s UK business – both based Bristol – is seeking to support growth of employee ownership. Backed by the Employee Ownership Association, the partnership will share its members’ collective insight and expertise on the benefits of staff...

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Howden appointed to PII sponsorship role at Bristol Law Society

May 26, 2021
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Howden appointed to PII sponsorship role at Bristol Law Society

Bristol Law Society has appointed specialist insurance broker Howden as its new, long-term professional indemnity insurance (PII) sponsor. The move will allow Bristol Law Society 4,500 members access to resources and exclusive facilities only available through Howden.  London-based Howden will also provide regular guidance on risk management and other...

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