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South East

Redundancies at BAM construction group amid major regional restructure
Construction
The business is reducing the number of operating regions from seven to five across England
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Village Hotels creates almost 1,000 jobs as it plans further UK expansion
North West
The chain is owned by US-headquartered private equity firm KSL Capital Partners
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Survey on the future of the UK's high streets launched by the Federation of Small Businesses
Retail & Consumer
FSB will analyse the results and submit them to national, devolved and local governments
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Fastening firm Trifast investing in West Midlands distribution centre after £120m financing deal
Industrial
'Substantial investment' at site after milestone deal
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Rise in administrations bolsters Begbies Traynor's finances
North West
'We have reported another successful year of continued growth'
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Devon healthcare firm Express Diagnostics acquired
NHS
Plymouth business specialises in providing analysis of heart conditions, as well as hearing and health screening
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Law firm Bevan Brittan reports tenth consecutive year of growth
Company Results
The Bristol-based legal practice said it had seen a rise in profit and revenue after attracting ‘a number of significant new clients’
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Six Empire Cinemas close with immediate effect as company falls into administration
Insolvency and Administration
Remaining cinemas in the UK company's portfolio will continue to show films while BDO LLP administrators seek a buyer for the business
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Ideal World goes off air with most of the 275 staff laid off
Insolvency and Administration
TV shopping channels have ‘suffered a decline in viewer and customer numbers as consumer spending habits changed’
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SecsintheCity launches annual PA of the Year Awards
Offices
'Be yourself and go for it'
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GPS tech firm relocates Bristol office as it targets South West expansion
Offices
Focal Point Positioning specialises in technology designed to improve the performance of GPS chips in smartphones, wearables and vehicles
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Bank of England hikes interest rate to 5% to reach highest level in almost 15 years
Bank Of England
The Bank's Monetary Policy Committee have voted to increase the base rate by 0.5% in a bid to bring inflation down
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The future of the high street: FSB wants businesses to have their say on what the future holds
Retail & High Street
FSB launching survey on July 13 to plan ‘new golden age of the high street’
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Devon door manufacturer acquired by Essex-based Blount Shutters
Deals
Newton Abbott-based Zenith Doors' director John Grant is retiring
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MKM adds five new sites to national network with family business buy-out
Deals
Oxfordshire-based John Nicholls Trading branches and distribution centre added to Hull-headquartered operation
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Mike Ashley's Frasers Group increases stake in AO
North West
The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m
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Record profits for UK's 'worst hotel chain' Britannia
North West
The hotel chain cut almost 1,000 jobs at the height of the Covid-19 pandemic
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Lloyds Bank appoints new head of asset finance in the South East and South West
Appointments
Nathan Morgan was previously an associate director
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More than 2,000 staff redundant as delivery firm Tuffnells collapses
Insolvency and Administration
The firm has appointed joint administrators at Interpath Advisory after failing to secure funding in recent weeks.
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Critical radars that protect Royal Navy warships to be upgraded under £270m deal
Deals
BAE Systems will support, upgrade and maintain radars, securing 400 jobs across the UK
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Rishi Sunak says UK should lead world on AI regulation
Rishi Sunak
'It’s important that we put guardrails in place to make sure that we develop and exploit this technology in a way that’s safe'
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HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business
HSBC
'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'
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FirstGroup stays positive despite rail strikes and TransPennine loss
Retail & Consumer
'The loss of the contract was a huge disappointment for our team'
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South East firms win national honours at FSB Celebrating Small Business Awards
SMEs
National winners also won at regional final that honoured SMEs and entrepreneurs
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