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South East

Six Empire Cinemas close with immediate effect as company falls into administration
Insolvency and Administration
Remaining cinemas in the º£½ÇÊÓƵ 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 º£½ÇÊÓƵ'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 º£½ÇÊÓƵ
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Rishi Sunak says º£½ÇÊÓƵ 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 º£½ÇÊÓƵ business
HSBC
'The º£½ÇÊÓƵ’s world-leading technology and life sciences sectors are central to growing the º£½ÇÊÓƵ 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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CBI members back reform package with 93% in favour at crunch vote
CBI
The Confederation of British Industry (CBI) says it speaks for 190,000 businesses and sought members' backing for changes in the wake of a sexual misconduct scandal that led the Government to suspend its engagement with the group
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Wiltshire creative agency forecasts £1m turnover after completing deal
Deals
Milk and Tweed has acquired Brighton-based competitor Huxley
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Entrepreneur developing lifesaving drugs wins top honour at Federation of Small Businesses awards
Federation of Small Businesses
Dr Kirsty Smitten is growing her business while undergoing cancer treatment
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Insolvencies surge helps Begbies Traynor raise expectations
North West
The group said it has seen a 'good momentum' in new insolvency appointments as well as a 'significant' increase in higher value cases
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Santander provides £25m backing for Dorset solar farm project
Energy
Service provider Voltalia has struck a deal with the City of London Corporation, which will see half of its energy delivered from South Farm Solar, powering landmarks such as Tower Bridge
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Chancellor suggests businesses should make office the 'default' as working from home could stifle creativity
Professional Services
Jeremy Hunt says WFH can help with childcare and family needs but praises 'water cooler moments'
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Bristol's Great Western Court sold as part of £13.5m deal
property news
Hillview Real Estate sold two office buildings in Stevenage and Bristol to private investors in sperate transactions
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