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South West
Wednesday 1 July 2020

Latest News

Top Story

UK jobs at risk as major cuts lined up by Airbus

About 1,700 Airbus jobs have been placed at risk in the UK as part of the aerospace giant’s plans to reduce its global workforce by approximately 15,000 in response to the fall-out from the coronavirus crisis.
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Insider Feature
Feature 1

Ask the expert: How will liquidity requirements drive M&A in the second half of 2020?

Ruairí Ó Dochartaigh, financial advisory director at Deloitte, looks at how liquidity in the short and medium term will affect M&A, and what South West business owners should consider when looking to raise funds or transact in the current environment.
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Deals

Window and door manufacturer acquisition saves 800 jobs

European private equity fund Nimbus and MidCap Financial have acquired a window and door manufacturer out of administration, safeguarding more than 800 jobs.
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Lenders pass one million backed firms

Lenders have approved £42.9bn to more than one million businesses so far through the three major UK Government-backed lending schemes, according to new figures.
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Online business of TM Lewin acquired but shops closing

The online business of menswear retailer TM Lewin & Sons has been acquired through a pre-pack administration, but the brand’s shops are reportedly closing with the loss of about 600 jobs.
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Insider Feature
Feature 2

Business Matters: Design and construction in a post Covid landscape

Tony Mullin, partner at Oxford Architects, looks at how design and construction will change in a post Covid landscape.
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Business

Administrators appointed at furniture brands group

The group of companies behind two well-known furniture retail brands has called in administrators, with a deal agreed for part of the business saving about 1,900 jobs.
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TLT agrees strategic alliance with Netherlands firm

TLT has agreed a strategic alliance with a Netherlands law firm Holla as part of a strategy to strengthen its international offer for clients.
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Babcock appoints new chief executive

Aeropace and defence group Babcock International has appointed a new chief executive to take over from Archie Bethel later this year.
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Property

Plans unveiled for next phase of coastal quarter

A new hotel and community centre, improved water sports facilities, cinema and affordable homes are among proposals included within a plan to complete the transformation of Hayle Harbour.
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Handelsbanken to open new customer service centre

Handelsbanken is to open a new customer service centre on Gloucester Business Park.
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New owner for historic Weymouth property

The former Kingdom Hall in Weymouth has been acquired by DJ Property.
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Member Exclusive News

New Devon base for vegan body and skin care brand

CONCHUS, a brand of vegan body and skin care products, is opening its first office and manufacturing studio in Granvilles Mill, Ivybridge.
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Meggitt completes disposal of US subsidiary

Meggitt, a supplier of high performance components and sub-systems for the aerospace, defence and energy markets, has completed the sale of its US subsidiary, Meggitt Training Systems to a US private investment firm for $146m. 
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