Today's West Midlands business news from Insider |
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West Midlands
Thursday 14 January 2021

Latest News

Top Story

Deal for car parts maker saves 200 jobs

A Coventry car parts manufacturer has been bought out of administration in a deal which is set to save about 200 jobs.
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Insider Feature
Feature 1

Business Matters: Never let a good crisis go to waste

These words are attributed to Winston Churchill as he shaped the post-war international system. In the aftermath of the greatest crisis since then, now is the time to reform a tax system that is unsuited to the demands of a 21st century economy, says Iain Wright, a partner at Claritas Tax.
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Deals

Fruit business sold to private equity firm

A Nasdaq-listed organic and natural products company has sold a fruit business to a Warwickshire-based private equity firm.
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Architects firm undergoes MBO

The founder of an architects practice which has offices in Solihull has sold his shares as part of a management buyout.
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Deals rise at Clearwater International

Global mid-market advisory firm Clearwater International, which has a BIrmingham office, completed 119 deals in 2020, a rise of 5 per cent.
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Morgan Stanley increases investment in Codemasters

Morgan Stanley has increased its investment in Codemasters, one of the oldest names in Britain's video game industry, which is currently a target of a takeover attempt from Electronics Arts (EA) which submitted a bid valuing the listed company at £945m.
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Historic paint specialist merges with sister company

A historic paint and coatings business is set to merge with a sister company in the West Midlands.
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Business

Autocentres accelerate Halfords sales

Sales at Redditch-headquartered Halfords jumped during its latest financial quarter, driven by significant growth in its Autocentres division.
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New partner joins PwC in Birmingham

A new partner has joined PwC's Birmingham office.
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Debenhams store closures hit 320 jobs

More than 300 jobs are set to be lost after Debenhams announced plans to keep a number of its stores permanently closed, including its Worcester site.
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Former JLR and JCB director takes on new role

A former senior director at Jaguar Land Rover and JCB has joined a technology giant in Warwick which counts Airbus, BT and Stagecoach among its clients
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Dunelm’s half-year sales and profits surge

Dunelm's sales during the first half of its financial year surged by more than £130m, according to new figures. Its profits also jumped by almost £30m over the same period.
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Asda to launch in-store vaccination centre

Asda is set to launch its first in-store Covid-19 vaccination centre in Birmingham.
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Card Factory warns of full-year loss following Covid-19 closures

High street gift card retailer Card Factory has warned it is set to report a loss of about £10m in its full-year results following long periods of stores closure due to Covid-19.
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Property

Work starts on £93m Edgbaston transformation scheme

Work has started on a £93m project to build 375 apartments on land next to Birmingham's Edgbaston Stadium.
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Building contractor to return turnover to optimum level

Turnover is expected to drop back below the £100m mark at a Warwick building contractor, which has worked with the likes of Audi, BMW and Jaguar Land Rover, in 2020 following a change to its business plan.
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Major JLR site acquired

A major Jaguar Land Rover site has been acquired by a joint venture.
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Manufacturing

Portmeirion eyes market-beating results

Stoke-on-Trent-headquartered listed homewares maker Portmeirion has upped its forecasts for its latest financial year.
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“Satisfactory” results for engineering company

A Redditch-based engineering company has said the results for its latest financial year are "satisfactory" after the period was hit by Brexit concerns and the Covid-19 pandemic.
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Other News

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

Member Exclusive News

Wolves continue partnership with local company

Wolverhampton Wanderers have continued their partnership with a local building contractor.
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Senior hire for historic law firm

A Walsall-headquartered law firm, which was founded 136 years ago, has appointed a new practice director.
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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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