Today's West Midlands business news from Insider |
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West Midlands
Thursday 17 December 2020

Latest News

Top Story

Bid for 30-storey tower and hundreds of flats revealed

A 30-storey tower could be constructed in Birmingham city centre as part of wider plans to create more than 500 apartments.
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Insider Feature
Feature 1

Business Matters: The power of peer-to-peer support and how Peer Networks can help SMEs thrive

When it comes to talking through the challenges you face in business, working with like-minded business leaders can be an effective way to share knowledge and find solutions.
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Deals

Fresh investment for job-creating car leasing price comparison site

A Staffordshire-based car leasing price comparison site has secured fresh investment to fuel further growth of its business, create new jobs and roll out the next stage of its technology. 
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BGF-backed specialist completes acquisition

A BGF-backed Staffordshire hazardous waste specialist has acquired an industrial cleaning business in Wednesbury.
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Company agrees to combine division with Liberty Steel

A Willenhall company has agreed to combine its engineering bar division with Liberty Steel.
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Uni spin-out secures $10m boost

A University of Birmingham spinout has secured a $10m investment from a Chinese biopharmaceutical company.
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Building services consultancy snapped up

A Birmingham building services consultancy has been acquired by a Yorkshire-based group.
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Terms agreed for £1.1bn TalkTalk takeover

The proposed £1.1bn takeover of TalkTalk has moved forward after terms of the deal were agreed.
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Cranswick withdraws from pet food maker acquisition talks

Listed food producer Cranswick has decided not to proceed with its proposed acquisition of a £100m-turnover pet food manufacturer.
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Insider Feature
Feature 2

Business Matters: Not just an isolated success – how to lead a business from surviving to thriving in a pandemic

Dr Koushik Das Sarma, programme facilitator for the Small Business Leadership Programme at the University of Derby, explores how SME leaders are coping with the effects of the virus on business and the vital support needed to help them get ahead of Covid-19 and ahead of the curve.
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Business

Turnover and profits rise forecast for PE-backed comms group

Turnover is expected to at least jump closer to the £60m mark at an acquisitive private equity-backed communications company by April 2021, with profits also set to rise.
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EY reports revenue and profit growth

Professional services giant EY has reported UK revenue growth, with distributable profits before tax also climbing by £20m to £479m.
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Pre-tax profits rise at Ford and JCB dealer

Pre-tax profits increased at a Ford and JCB vehicle dealer while turnover moved further passed the £300m mark during its latest financial year.
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Luxury retailer eyes full-year results rise

Luxury retailer Watches of Switzerland Group has revised up its guidance for its full-year results after a "positive, stronger than anticipated" start to its third quarter, despite the impact of national lockdowns in the UK, reduced international clientele and shopping centre traffic.
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Sensée creates 200 work-from-home jobs

Homeworking specialist Sensée is creating 200 new work-from-home roles. 
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Pandemic actions put staff provider in strong position

A major temporary staff provider headquartered in Worcestershire has said the actions it has taken in response to the Covid-19 pandemic has meant the crisis has "not materially impacted the group's trade or future prospects".
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Revenues down at Revolution Bars Group after difficult year

Revenues have dipped at Revolution Bars Group on the back of the listed bar operator being hit by an "immensely challenging" year.
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Property

Major student plans drawn up for old pub site

The site of a former pub in Birmingham could be transformed into a 31-storey student development, according to new plans.
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Landmark building earmarked for Coventry

A landmark building inspired by towers in Sweden and Shanghai could be constructed in Coventry, according to new plans.
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Suppliers sought for £156m HS2 contract

Suppliers are being sought for a contract worth up to £156m to provide switches and crossings for the 280km of new high-speed track between London, Birmingham and the connection with the existing west coast mainline at Crewe.
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Selly Oak student plans revealed

An application for a new student development in the Selly Oak area of Birmingham has been revealed.
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Job-supporting industrial scheme backed

An industrial building which will support 200 jobs in Shropshire has been voted through.
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Approval for new care home

The go-ahead has been given for a new care home to be built on the site of a former pub in Shropshire.
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Apartments bid voted through

The site of a former sports bar and snooker club in Telford is to be knocked down and replaced by 70 apartments after permission was granted.
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New measures to boost housebuilding unveiled

New measure designed to boost housebuilding and help English cities recover from the Covid-19 pandemic have been unveiled by the government.
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Manufacturing

Profits rise eyed by home lift maker

A home lift manufacturer is eyeing an increase in profits in 2021 after ending the year with a "very strong" order book.
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New finance director for historic manufacturer

A new finance director has been appointed at a Wolverhampton-based heating and air-conditioning equipment hire company, which was founded in 1857.
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Second major contract lost by listed group

A second major contract has been lost by Walsall-based specialist castings and engineering group Chamberlin in as many months.
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Interim CFO for smoke alarm maker

A Coventry-based smoke alarm and carbon monoxide detector manufacturer has hired a new interim chief financial officer.
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Other News

NEW Midlands Top 500 Companies Database - contact thousands of the senior decision makers

Member Exclusive News

Principle secures city centre flats contract

An estate and letting agency has appointed Principle Estate Management to look after an apartment block in Birmingham city centre.
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Expansion for cleaning and catering supplies company

A cleaning and catering supplies company has expanded its operation in Worcestershire.
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Services & Guides

Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

Best Places to Stay

The region's top hotels and accommodation.
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