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South West
Tuesday 1 December 2020

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Sportech agrees deal for Global Tote sale

Bristol-based betting technology specialist Sportech has entered into a conditional agreement to sell its Global Tote business to a company listed on the Australian Securities Exchange for £30.9m.
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Insider Feature
Feature 1

Business Matters: Futureproof your business for 2021

Sean McDonough and Tom Webb from Mogers Drewett say given the unprecedented challenges all businesses have faced over the last six months, there is no doubt that 2021 is going to be an important year. Add to this the UK leaving the EU on the 31st December and the uncertainty of more lockdowns and for many businesses 2021 could be a make or break year.
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Deals

Mitie completes acquisition of Interserve Facilities Management

Mitie Group's acquisition of Interserve Facilities Management has completed. The combined business has about 77,500 employees.
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Jacobs to take 65 per cent stake in PA Consulting

Global technical and professional services provider Jacobs Engineering has signed an agreement to take a 65 per cent stake in PA Consulting, a management consultancy with offices across the UK. The deal, which values PA Consulting at £1.825bn, provides an exit for investment giant Carlyle Group.
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New backing for invoice finance specialist

A provider of invoice finance facilities with operations across the UK has secured new backing.
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Insider Feature
Feature 2

Business Matters: Repurposing redundant office space - an intuitive way forward?

In the first blog of a two-part series on the landlord-tenant relationship, we looked at the current stalemate between both sides, with many commercial tenants still unable to pay their rent - let alone catch up on what they already owe. In their second blog, Paul Slevin and Louise Durkan from Quantuma look at the impact of falling commercial property values on institutional landlords and ask whether repurposing vacant space for an alternative commercial usage could be the commonsense solution.
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Business

Administration confirmed for Arcadia Group

Arcadia Group, which is behind brands such as Topshop and Burton and employs about 13,000 staff, has appointed administrators. No redundancies have been announced and all stores will continue to trade while administrators assess the options available for the future of the group's businesses.
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Rescue deal for giftware company

An importer of floral supplies, giftware, glassware, silk flowers, pottery, homewares and seasonal products has been acquired out of administration. The move has saved hundreds of jobs, although stores have closed in Bristol, Gateshead and Loughborough.
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Revenue and patient growth at Rutherford despite Covid impact

Cancer care group Rutherford Health has reported an increase in interim revenues and growth in overall patient numbers despite the impact of Covid 19 on cancer patients and healthcare in general. The business expects ro secure further investment early in 2021.
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ABP appoints divisional port manager for Wales and the South West

Associated British Ports (ABP) has appointed a new divisional port manager for Wales and the South West in its Wales and Short Sea Ports region.
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Insider Feature
Feature 3

Ask the Expert: Supporting the region’s managers for 2021 and beyond

Lauren Squibb, business growth and employer partnerships manager at Weston College, says the global pandemic has drastically changed the working lives for many of us, with leaders and managers, at all levels being asked to do things differently.
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Property

Mobile home park snapped up after strong interest

A mobile home park in Swindon has been acquired for a price in excess of the guide of £1.2m.
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Growth for Plymouth Science Park tenant

One of Plymouth Science Park's newest tenants has announced a period of growth, after seven months in business.
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Clearbell sets up new fund with GPS

Clearbell Capital has established a strategic partnership with LaSalle Global Partner Solutions (GPS), the investing platform of LaSalle Investment Management.
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Manufacturing

Third term for SMMT president

The executive chairman of Horiba Mira is to serve a third term as the president of the Society of Motor Manufacturers and Traders (SMMT).
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Other News

South West Top 500 Companies data - Contact the region’s top decision makers

Member Exclusive News

Successful Crowdcube campaign for Latvian fintech

A Latvian-headquartered alternative investment platform has raised €7.2m on Exeter-based Crowdcube, the largest amount ever raised in continental Europe.
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Curtis Banks performing well despite challenges

Self-invested pensions specialist Curtis Banks has said that the group has performed well since its interim results, in spite of considerable headwinds.
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Services & Guides

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