Connect with us

Business

Business West’s new chief executive on ‘bringing in more money’, the sale of Bristol HQ Leigh Court and why AI is ‘super important’

Published

on

Business Live

“I am keen to engage, listen and learn,” says Douglas Ure as he sips his coffee. The new chief executive of Business West – the historic West Country business support organisation and chamber of commerce – is sitting opposite me in a booth at Engine Shed, the innovation hub near Bristol Temple Meads.

He has travelled to meet me in Bristol from Somerset, where he now lives after spending more than a decade in South East Asia where he was working for US insurance giant Marsh, including a two-year stint in Jakarta as its chief executive. It’s the first interview he has given since taking the helm of Business West in January.

Ure has a warm demeanour and eight months into the role it is apparent he is making every effort to understand the needs of businesses across the region and, perhaps more importantly, his own organisation. The role he has taken on is a big one – it was held for three decades by former boss Phil Smith who retired in the spring – something Ure is “massively mindful” of.

He tells me he “didn’t really have a vision” on joining Business West, but there is no doubt he has a clear strategy for the organisation. He also credits his commercial background at Marsh – a global insurance broker and risk management firm – with landing him the role.

Advertisement

“That is probably one of the reasons Business West brought me in; it was that commercial background I have,” he says. “I don’t see us dramatically shifting our purpose [but] there are opportunities.”

Aside from growing membership, which has been flatlining in recent years, one of Ure’s main priorities is to start bringing more money into Business West, which employs around 150 people and is currently headquartered at Leigh Court on the outskirts of Bristol, although it operates across the South West including in Devon and Cornwall.

As a not-for-profit, Business West reinvests any money it raises into the business, but Ure is keen to ramp up revenue generation. At present, the organisation relies heavily on public sector contracts but Ure would like to pursue consulting work too.

“We want to be an active player in those [government] contracts but is there an opportunity to pivot into a more commercial consulting opportunity? The idea would be providing support for a fee to businesses – less than a large consulting business as we are not looking to make the same level of profit, but we do want to make sure we have money coming in.”

Advertisement

Another major focus will be examining Business West’s real estate footprint. Leigh Court, a grade II listed country house in Abbots Leigh that is currently the organisation’s HQ, was put up for sale for £5.5m last year. Ure refuses to be drawn on who is buying the building as the sale process is still ongoing, but admits once any deal is complete that Business West will become a leaseholder – in the short-to-medium term at least.

The Leigh Court estate in Abbots Leigh near Bristol

The Leigh Court estate in Abbots Leigh near Bristol(Image: Johnny Palmer – autonomous investments)

“The offices will transfer to the buyer and we will continue with our space there. Our members are predominantly Bristol and Bath based so we would want to be around [that area].”

But Ure says he wants to make a decision on where Business West’s staff are based in future – and how they collaborate – in the next 12 months, adding: “We would perhaps have 50 desks somewhere, mainly for our international trade team.”

Currently, around 90 per cent of Business West’s 150 staff have a hybrid-working pattern, without any official requirement to be in an office.

Advertisement

“When I first joined I did think we probably needed to be a bit more disciplined and structured around what we needed to do around our own people,” he says.

Ure admits that staff working on government contacts in Cornwall being based in an office in Bristol “makes zero sense”, but says he has a “genuine concern” about collaboration and sharing work with younger employees or helping new staff learn about the business and how it operates.

“I get quite a lot of value from sitting up in the office with the West of England Combined Authority (Weca) as that is where we hear from policy and the communications team, and you hear conversations they are having.

“I think, like most businesses, practices have evolved. [Business West] hasn’t taken a firm line about days in the office. There are different practices for different teams.”

Advertisement

‘It is easier to get things done in the North’

When asked about Andy Burnham’s plan to devolve more power to English regions such as the West Country, Ure believes it is “a good thing”. But could combining the Weca region with Devon and Cornwall to create a major South West powerhouse ever work?

“Combining all the geographies and regions across the South West definitely won’t happen. There is a benefit of having local communities, local councils, local authorities making decisions that benefit the economic area of their immediate vicinity,” he says.

On the economy, he refuses to be “too pessimistic”, but admits the current landscape is a challenge for many firms, with mounting concerns around inflation and the impact the geopolitical situation is having on international trade, exports and energy.

“There is definitely uncertainty but there is also resilience and optimism. A lot of businesses are quite bullish about their own growth opportunities with many feeling they will do better this year and next year than previously,” he says. “In the West, the cost of tax on businesses is high. The government is not flush with cash but if you overtax businesses you can strain growth and businesses are paying a lot more money on tax and so will have less to invest.”

Advertisement

Ure would like to see Burnham’s government offering tax credits or breaks for businesses to make it easier for companies moving into the region or for international firms coming in.

“It takes too long to get applications for planning sorted out. Organisations looking to build have to go through a lot of red tape although some local authorities are better than others.

“Some of our members tell us it is easier to get things done in the North of England than in the West of England. That is down to planning at a local authority level [but] it is also down to politics and if you are managing decision making across different political parties then that can slow things down.”

‘Bristol Airport is an important transport hub’

Bristol Airport's Public Transport Interchange

Bristol Airport’s Public Transport Interchange(Image: Bristol Airport)

One way to boost the West of England’s economy, according to Ure, is through its transport hubs such as Bristol Airport. Business West has long been a champion of the airport’s controversial expansion plans, and supports the latest application for the hub to increase capacity from 12 million passengers a year to 15 million.

Advertisement

“Bristol Airport is an important transport hub for the West of England,” says Ure. “I think it is important these organisations do things in a sustainable way and Bristol Airport has spent a lot of resources in making the airport as environmentally sustainable as it can be.

“Transport to and from the airport is obviously an issue, although improvements have been made, but making sure we have got a good economic hub and the ability to have more trade through the airport is important.”

He says he “appreciates the concerns” in the local community, though.

“Some of our employees are based around the airport and they are concerned about increased passenger numbers as they live there and it has a direct impact on people living around the area. But economically I think it is definitely the right thing to do.”

Advertisement

Ure believes the West’s wider transport infrastructure issues are also holding the region back, adding that connecting people from their homes to their work is “super important”.

“There is nothing more draining than sitting in traffic or having a really long commute,” he says. “There is some indication things are moving in the right direction, with the rail link from Portishead to Bristol, for example. But there is a long way to go and it requires massive investment and that is the challenge.

“We don’t have that much money in the West to invest the billions needed to make that right. Although there are some quick wins that are happening around buses and the expansion of the rail network that will help.”

‘AI is super important’

It’s not just transport and taxes posing a problem for businesses in the West it seems. Artificial Intelligence (AI) is already changing the business landscape and in the next few years Ure, for one, believes its use will become “super important” to small firms in particular.

Advertisement

“It is difficult to overemphasise what an impact AI is going to have,” he says. “There are efficiencies businesses can get by using AI – internally or in the supply chain. We face the same challenges as other businesses in some ways [and] we recognise there is a need for us to deploy and utilise AI.

“It is super important. We want to get our exec team and heads of department all well versed in the different AI tools and agents that are there to help them do their job better and then cascade that down. We are starting at the top.”

And looking to the top, how does Ure describe his own leadership style?

“I am quite democratic in that I am keen to engage, listen, learn and take input from colleagues and the exec team. I have spent a lot of time with the team to understand their priorities and get more input on the purpose of the organisation and what we do well and what we could do more of, and how we put that into our strategy.”

Advertisement

That strategy, he reiterates, is improving Business West’s financial strength. He has given himself 12 months to reach a place where the organisation “has room to move financially” and invest in more projects.

“Are you counting the 12 months from January, or from our meeting?” he laughs. “Let’s talk in 12 months from now and see how I’ve done.”

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

(VIDEO) Beauty in Black Season 3 Release Date, Cast and Everything to Know Before the Bellarie Family Returns

Published

on

Beauty in Black Season 3 Release Date, Cast and Everything

LOS ANGELES — Tyler Perry’s hit Netflix drama “Beauty in Black” returns for its third season Thursday, dropping all eight episodes at once as the Bellarie family saga takes an even more explosive turn.

The series, which follows a former sex worker’s rise inside a wealthy and dangerous family-run hair-care empire, has become one of Perry’s most closely watched projects for the streamer since it premiered in October 2024. Season 3 arrives just five months after Season 2, Part 2 landed on Netflix, marking one of the fastest turnarounds the streamer has produced for a scripted drama.

When and how to watch

Advertisement

Season 3 of “Beauty in Black” premieres Thursday, Aug. 27, on Netflix, with all episodes available to stream at once, according to the streamer. Netflix confirmed the release date on July 28, alongside a batch of first-look photos from the new season.

Where the story picks up

Season 3 opens with Kimmie, played by Taylor Polidore Williams, finally holding a seat at the table of the powerful Bellarie family after a hard-fought rise from surviving in a Chicago strip club to becoming chief operating officer of the family’s hair-care empire.

That position of power, however, is far from secure. According to the official logline released by Netflix, “Kimmie finally has a seat at the Bellarie table, but when a deadly family feud erupts, she’s forced into an uneasy alliance with Mallory.” The two women, once bitter rivals, must now navigate “a ruthless world of blackmail, revenge, and buried secrets as the family wages war against one of its own, threatening to bring the entire empire crashing down.”

Advertisement

The new season builds directly off Season 2’s finale, in which Kimmie called a board meeting to order with her former adversary Mallory, played by Crystle Stewart, standing beside her, and her husband Horace joining them at the table — a stunning alliance that reshaped the power structure of the entire family business.

Speaking about that shift ahead of the new season, Williams described the turning point in her character’s arc to Netflix’s Tudum. “Part 2 is really the moment Kimmie stops surviving and starts playing the game,” she said.

The cast returning for Season 3

The core cast returning for the new season includes Taylor Polidore Williams as Kimmie and Crystle Stewart as Mallory, the two women whose uneasy new partnership sits at the center of the season’s central conflict.

Advertisement

They are joined by Ricco Ross as Horace, Amber Reign Smith as Rain, Xavier Smalls as Angel, Julian Horton as Roy, Steven G. Norfleet as Charles, Richard Lawson, Terrell Carter, Bryan Tanaka, Charles Malik Whitfield as Jules and Debbi Morgan.

The season’s expanded ensemble also includes Bailey Tippen, Rodrigo Aburto, Randall J. Bacon, George Middlebrook, Greg Clarkson, Jasmine Burke, Aria Celeste Castillo, Gianmarco Duin, Philemon Chambers, Philip Boyd, Ty Anthony, Deeric Williams, Herb Magwood, Tre McBride, Kevin Savage, Jazmine Robinson, Kaja Brielle, Shay Mack, Steven Rho, Aaron Serotsky, Mikeal L Dwayne Griggs, Sara Spadacene, D’kia Anderson, Antoine Williams, Ty Courtad, Raven Chambers, Michael Butler, Jillmarie Lawrence and Jim Braswell, according to cast information released by Netflix.

Who’s behind the camera

Perry created “Beauty in Black” and continues to serve as the show’s writer, director and executive producer, a role he has held since the series debuted as his first project for Netflix. Producers Angi Bones and Tony Strickland round out the executive producing team for Tyler Perry Studios, with music from Wow Jones and Jimijame$.

Advertisement

How many episodes

Season 3 consists of eight episodes, all released simultaneously on premiere day, continuing the binge-friendly release model Netflix has used for the show’s previous seasons.

A future beyond Season 3

Perhaps the biggest surprise surrounding the new season is that it will not be the end of the Bellarie family’s story, despite earlier reports suggesting Season 3 would serve as the show’s finale. Netflix confirmed on July 23 — just days before announcing the Season 3 premiere date — that “Beauty in Black” has been renewed for a fourth season.

Advertisement

Perry addressed the reversal in comments shared alongside the renewal announcement, saying there was more of the Bellarie family’s story he wanted to tell and thanking viewers around the world for their support of the series. The quick turnaround between the Season 3 announcement and the Season 4 renewal underscores how much momentum the show has built for Netflix since its debut.

Catching up before the premiere

For viewers who haven’t kept up with the series or want a refresher before diving into the new season, both Season 1 and Season 2 of “Beauty in Black” remain available to stream on Netflix. The first season introduced Kimmie’s desperate circumstances after being kicked out by her mother, contrasting her struggle with Mallory’s position running a seemingly successful business — two women whose lives become increasingly entangled as the series unfolds.

Season 2 escalated that entanglement considerably, tracking the ruthless, backstabbing dynamics within the Bellarie family as Kimmie worked her way from outsider to a formidable presence inside their world, culminating in the power-shifting boardroom alliance that sets up Season 3’s central conflict.

Advertisement

With a deadly family feud, a fragile new alliance between former enemies, and a hair-care empire on the verge of collapse, “Beauty in Black” Season 3 sets up high stakes for the Bellarie family as it streams in full starting Thursday on Netflix — and with Season 4 already confirmed, Perry’s soapy drama shows no signs of slowing down.

Continue Reading

Business

Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why

Published

on

Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises Limited (AEL) with a Buy rating and a sum-of-the-parts-based target price of Rs 3,880, indicating a 25% upside.

Following the coverage initiation, Adani Enterprises shares traded over 1% higher. The stock rose Rs 33, or 1.06%, to Rs 3,145 on the NSE at 11:09 am, compared with the previous close of Rs 3,112. It opened at Rs 3,125 and touched an intraday high of Rs 3,159.

“The Adani Group’s flagship company is uniquely positioned to benefit from India’s next capital-expenditure cycle through its exposure to airports, roads, data centres, new energy, mining, copper and strategic manufacturing,” the brokerage firm said.

Motilal Oswal described AEL as a differentiated infrastructure incubator that combines established, cash-generating operations with newer businesses capable of driving its next phase of growth. The company’s model involves identifying emerging opportunities, building businesses to scale and subsequently monetising or demerging mature platforms.

Advertisement

The brokerage said that the company’s market leadership, scale, diversified portfolio and track record of incubating businesses could help it emerge as a major integrated infrastructure platform.

Three growth drivers behind the Buy rating:

1. EBITDA to double by FY29

Motilal Oswal expects AEL’s EBITDA to increase from around Rs 140 billion in FY26 to approximately Rs 299 billion by FY29, representing a compound annual growth rate of 29%.
The brokerage expects the earnings mix to shift towards higher-margin, infrastructure-led businesses. Airports, new energy and roads are projected to become the principal EBITDA growth drivers.The commissioning of Navi Mumbai Airport, expansion of Adani New Industries Limited’s manufacturing capacity, commencement of toll collection at key road projects and higher utilisation at the copper business are expected to support this growth.

Consolidated EBITDA margins are projected to improve from 13.9% in FY26 to 15% in FY27, 15.7% in FY28 and 16.4% in FY29.

2. Earnings growth to gather pace

The brokerage firm forecasts AEL’s consolidated revenue to grow at a CAGR of around 22% between FY26 and FY29. Revenue is projected to rise from Rs 1,005 billion in FY26 to Rs 1,428 billion in FY27, Rs 1,623 billion in FY28 and Rs 1,825 billion in FY29.

Advertisement

Adjusted profit after tax is expected to register an 82% CAGR over FY26-29, aided by the low FY26 base, margin expansion and the increasing contribution of higher-margin businesses. Adjusted PAT is projected at Rs 66 billion in FY27, Rs 83 billion in FY28 and Rs 106 billion in FY29.

The brokerage expects airports to benefit from passenger growth, tariff revisions and higher non-aeronautical revenue. The new-energy business is expected to gain from expanding solar-module and wind-turbine capacity, while data centres and copper could become increasingly important contributors.

3. Leverage to ease as cash flow improves

AEL’s net debt-to-EBITDA ratio stood at 5.4 times in FY26 and is expected to moderate to around 4.5 times by FY29, despite continued capital expenditure.

Motilal Oswal expects AEL to generate operating cash flow of around Rs 569 billion through FY29, helping fund a portion of its expansion through internal accruals. The brokerage has assumed annual capital expenditure of approximately Rs 400 billion during the forecast period.

Advertisement

AEL has guided for capex of around Rs 400 billion in FY27, including approximately Rs 170 billion for airports. Motilal Oswal expects stronger operating performance and cash generation to lift return on equity to 8.5% by FY29.

Meanwhile, the stock has gained 42.65% over the past 12 months and 39.23% so far in 2026, while the benchmark has declined 2.12% and 7.49%, respectively. Adani Enterprises touched a 52-week high of Rs 3,245 on July 6, 2026, and a 52-week low of Rs 1,753 on March 30, 2026

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Advertisement
Continue Reading

Business

Opinion: AI exacerbates the technician trap

Published

on

Opinion: AI exacerbates the technician trap

OPINION: The hardest part of business is seeing if anyone actually wants what you are making.

Continue Reading

Business

Urban Outfitters, Inc. (URBN) Q2 2027 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript