On June 17th, the Press Gazette announced: “Torquay’s Herald Express is to become a weekly newspaper from next month – with an unspecified number of editorial positions under threat” …
Business
George Soros invests in Flybe
George Soros, the man who famously made a billion betting against sterling remaining in the EU Exchange Rate Mechanism in 1992, has resurfaced as a significant new investor in Flybe, the Exeter-based low-cost airline …
Will Mail Group sell local press?
Editorial
In 2006, Northcliffe Media, the regional arm of the Daily Mail Group, attempted to sell off its extensive regional newspaper business. In Devon and Cornwall, Northcliffe owns almost all of the regional and local press …
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Late Season Offer: 50% off all Ratecard prices until December 30. If you’ve got something to advertise, don’t miss this once-only offer …
Nature reserves may be sold
The Coalition’s spending cuts are in the region’s news again after reports that some much-loved nature reserves could be privatised. Although Natural England has said that no decision had yet been made …
Rok goes into administration
Exeter-based building services company Rok has just announced it is to go into administration. The firm employs more than 2000 people. This comes on top of Exeter social housing firm Connaught recently entering administration with 1,400 redundancies …
Is temple planned for Exeter canal?
Building consultants KingSturge, who have begun to develop the dilapidated waterfronts along Exeter’s Canal Basin, have recently put up a board showing the next phase of the development …
Cornwall gets LEP, Devon on hold
Cornwall and the Isles of Scilly have been granted a Local Economic Partnership (LEP) as a replacement for the South West Regional Development Agency (RDA), which covered seven counties. Yesterday, Business Secretary Vince Cable announced …
UK recovery belies financial crisis
Third quarter growth figures for the UK, released this morning, show the economy powering ahead at 0.8%, double that of many forecasts. Combined with the 1.2% number for Q2, this could translate into a 3% growth-rate for 2010 as a whole …
Plymouth man heads HSBC bank
Plymouth man Stuart Gulliver has been appointed Chief Executive of HSBC, one of the world’s largest banks. A keen sailor in the Westcountry tradition, Gulliver previously ran the bank’s profitable investment operation, popularly known as “casino banking” …
