Today's West Midlands business news from Insider |
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West Midlands
Thursday 30 April 2020

Latest News

Top Story

App maker eyes AIM amid major fundraising bid

A total of £250,000 is being sought by a Sutton Coldfield company which has developed an app allowing consumers to pre-order and pre-pay at food and beverage venues. The business is also considering listing on AIM.
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Insider Feature
Feature 1

Ask the expert: How to effectively manage businesses working remotely in the time of coronavirus

With people across the world remote working, Dr Yanguo Jing, associate dean at Coventry Business School, looks at how to do so effectively.
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Deals

Packaging company secures £26m boost

A Worcestershire packaging company has secured a £26m boost to refinance its debt and increase its manufacturing capacity.
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Winery expands and diversifies after bank support

A South Staffordshire-based wine producer and retailer has expanded its production and diversified its operations during the coronavirus shutdown, after securing support from Lloyds Bank.
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Coventry pass initial fundraising target

Championship club Coventry Rugby have passed their fundraising total of £30,000 to help them "bridge the financial chasm" caused by the coronavirus pandemic and honour its payments to local companies and suppliers. The club have now upped their target to £60,000.
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Shoe Zone secures £15m loan

Shoe Zone has secured a £15m loan to help it cope with the Covid-19 pandemic but admitted that there is "significantly more to be done" to protect its financial position.
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Runescape developer changes hands

The video game developer behind Runescape has been acquired by asset management firm Macarthur Fortune Holding in a $530m deal.
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Wetherspoons completes placing and outlines reopening plans

JD Wetherspoon has raised more than £140m in a share placing. The company also outlined its plans to start reopening pubs and hotels in late-June.
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Business

Partner promotions made at Irwin Mitchell

Law firm Irwin Mitchell has announced two partner promotions at its Birmingham office.
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Firm signs woldwide deal with tech giant

A Staffordshire-based developer of mobile and immersive experiences has signed an exclusive worldwide contract with Chinese technology giant Lenovo.
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Sky Blues’ players take wage deferral

Coventry City's players have "unanimously agreed" to take a 25 per cent wage deferral "for the foreseeable future".
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Property

Green light for £30m landmark building

Proposals for a £30m landmark building at the Innovation Birmingham campus have been approved.
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Council buys industrial estate for £2.75m

An industrial estate in Worcestershire has been sold for £2.75m.
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Approval for job-creating Lidl

The go-ahead has been granted to build a new Lidl in Worcester and create 40 jobs.
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Green light for almost 40 new properties

Almost 40 new homes are to be constructed in a Shropshire town after the go-ahead was granted.
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Host of project wins for WSP | Indigo

The integration of WSP and Indigo Planning has flourished by securing a host of project wins.
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High-profile schemes provide boost to contractor

Turnover has grown to more than £130m at a construction business which has undertaken work on high-profile projects such as 33 Wellington Place, Follingsby Max and 2 Stockport Exchange.
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Manufacturing

Revenue continues to fall at food giant after disposals

Revenue continued to decline at the company behind Birmingham-headquartered 2 Sisters Food Group because of it selling off a series of subsidiaries, it has been revealed.
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Häfele Group hails performance in “challenging year”

The Rugby-based UK arm of manufacturer and supplier of furniture fittings and architectural hardware Häfele Group has hailed its performance despite describing 2019 as a "challenging year".
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Pandemic hits March car making figures

Car manufacturing in the UK slumped almost 40 per cent in March, according to new figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Job cuts fears for manufacturing companies

The majority of manufacturing companies in the Midlands are expecting to be forced to cut jobs between now and October because of the Covid-19 pandemic, according to a new report.
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Q1 performance success for smoke alarm maker

A Coventry-based smoke alarm and carbon monoxide detector manufacturer has said its performance during the first quarter of 2020 was "close to the board's expectations."
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New products on the horizon as Queen’s Award-winning snack maker gets “back on track”

A Queen's Award-winning snack maker specialising in air-dried fruit and vegetable crisps has said a string of new products are on the horizon. Its founder also told Insider things are "slowly getting back on track" during the coronavirus pandemic thanks to a surge in online sales.
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Other News

Completion date set for betting company deal

SIG reopening UK and Ireland sites

Alvius snaps up UK Startup Jobs

Bellway to begin phased restart of construction work

Midlands Top 500 Companies List - contact 1000s of the region’s top decision makers by phone or email

Member Exclusive News

Locksmiths company signs new lease

A locksmiths company has signed a new lease on a retail unit in Coventry.
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Energy consultant takes new space

An energy consultant has moved his business to bigger offices in Redditch as he caters for an unexpected surge in demand for his services.
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