South West
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GM moves on Saab
Saab is to receive a funds injection of £340m from General Motors of the US and Investor, the main arm of the Wallenberg empire in a refinancing deal.
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Bristol pins economic hopes on Second Severn Crossing
Bristol hopes the newly opened £330m Second Severn Crossing will attract new investors and create much needed employment. Sunday Business 23/06/96 page 23.
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Further education PFI deals hit £300m
Five big further education investment projects under the government’s private finance initiative were announced yesterday, taking to 34 the number of “pathfinder” contracts in the education sector, with a total…
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Kvaerner issues more writs in alleged espionage case
Kvaerner, the Norwegian engineering group, which owns Trafalgar House, yesterday stepped up its campaign against VAI, which it has accused of industrial espionage at Kvaerner UK subsidiary Davy International, the…
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Mountview profits down
Mountview Estates turned in full-year pre-tax profits down from £9.32m to £7.89 on turnover up from £17.2m to £18.1m. The Daily Telegraph 19/6/96 page 33.
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MNOPF sells Poole industrial estate
MNOPF Trustees has sold the freehold interest in 4/6 Abingdon Road, Nuffield Industrial Estate, Poole, Dorset, for £689,000 – reflecting a yield of 13.5%.
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Profits drop at Banner Homes
Pre-tax profits at Banner Homes fell 41% to £751,000 last year despite a 68% rise in sales by the housebuilder. The number of houses sold rose from 145 to 179.
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Cowie Group to buy British Bus as FirstBus lines up second rail deal
Cowie Group, the country’s sixth biggest bus operator, announced a £282m agreed takeover of British Bus, the third largest, yesterday. The deal creates an elite of three bus companies –…
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Wardour Castle dreams can be realised after 230 years
Long lost plans for a series of garden buildings in the grounds of Wardour Castle, a Palladian country house in Wiltshire, are being put into effect by the current owners…
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Government steps up town centre shopping drive
The government has renewed its campaign to protect town centre shopping areas from out-of-town retail developments by blocking a proposed factory outlet in Tewkesbury, Gloucestershire.
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Plans for leisure scheme in Plymouth
Bristol-based ASM Properties has submitted a detailed planning application for a 10,683 sq m (115,000sq ft) leisure complex in the Millbay district of Plymouth, Devon.
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Retailers queue up for Taunton scheme
In what amounts to an impressive vote of confidence in the Taunton retail market, Marks & Spencer, Virgin Our Price and Waterstone have signed up for the County Hotel retail…