Today's West Midlands business news from Insider |
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West Midlands
Thursday 26 November 2020

Latest News

Top Story

Go-ahead set for thousands of flats and jobs

More than 2,000 private and student apartments could be constructed in the Digbeth area of Birmingham in a development which could generate thousands of jobs if the plans are given the go-ahead next month.
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Insider Feature
Feature 1

Business Matters: Real estate and construction - how do we build growth from here?

Ray Abercromby, tax partner at the Birmingham office of Smith & Williamson, offers some practical actions to consider to drive business growth in challenging times.
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Deals

Investor increases stake in video game maker

An investment company has increased its stake in one of the oldest names in Britain's video game industry. The business is currently the subject of a takeover bid which would value it at more than £700m.
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Kingsway Asset Finance accredited for CBILS lending

Kingsway Asset Finance has been accredited as a new lender for the Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank.
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Insider Feature
Feature 2

Business Matters: Extraordinary times provide a catalyst for change

The Covid-19 pandemic was unforeseen, unexpected and unwanted, but has been the catalyst for businesses, people and economies to adapt to survive, which says much about the resolve of the region’s business community, according to Graham Spalding, partner in the Corporate and Commercial practice of regional law firm Lodders.
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Business

Revenue slumps almost £800m at pubco giant

Revenue slumped by almost £800m at Birmingham-headquartered pubco giant Mitchells & Butlers, whose brands include Miller & Carter, All Bar One and Toby Carvery. The company also reported a pre-tax loss during its latest financial year because of the Covid-19 pandemic.
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Half-year profits cut at Severn Trent

Pre-tax profits at Coventry-headquartered water provider Severn Trent decreased by more than 20 per cent during the first half of its financial year, new figures have revealed.
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Gallagher names new Midlands boss

Insurance, risk management and consulting firm Gallagher has announced a new regional managing director for the Midlands.
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E-bike company to establish UK HQ in Birmingham

An e-bike company founded in India is set to receive backing to help establish a UK headquarters in Birmingham.
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Firms share Spending Review reaction

Business leaders have reached to Chancellor Rishi Sunak's Spending Review.
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Business events sector welcomes post-lockdown return

The business events industry has welcomed the news that the sector will be allowed to reopen following the end of lockdown under the government's revised tier system.
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Motorpoint’s profits rise despite revenue fall

Pre-tax profits increased at car retailer Motorpoint during the first half of its financial year despite revenue falling by almost £150m.
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Law firm launches new team

A law firm has launched a new restructuring and insolvency team.
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Property

City centre flats tipped for go-ahead

A proposal to create 45 new apartments in Birmingham city centre has been recommended for the go-ahead.
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Student flats scheme eyed for Birmingham

Proposals have been submitted to build almost 40 student bedrooms in Birmingham.
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Site earmarked for major employment scheme acquired

A site in Peterborough earmarked for a major employment development has been snapped up by a Birmingham company.
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Driverless vehicle testing centre set for March completion

A driverless vehicle testing centre, which will be used by cars going up to 155mph, is set to be completed in March 2021, the company behind the project has confirmed.
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Major data centre plans approved

A major data centre is to be built on a flagship business park in Worcestershire after the green light was given.
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Enabling works agreed for Birmingham Eastside extension

Enabling works have been agreed for HS2's to enable the planned Birmingham Eastside extension to serve the new Curzon Street Station on its proposed route to Digbeth.
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Countryside expands Wolverhampton HQ

Countryside has signed a new lease agreement with City of Wolverhampton Council to extend space at its current headquarters. 
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Work on uni’s £5.8m new centre starts

Staffordshire University has broken ground on a new £5.8m Centre for Health Innovation at its Stafford campus
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Manufacturing

Vehicle parts maker puts 230 jobs at risk amid closure plans

About 230 jobs have been put at risk after the German Mann+Hummel Group revealed plans to close its Wolverhampton car parts production facility.
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Car manufacturing slumps almost 20 per cent in October

Car manufacturing in the UK slumped by almost 20 per cent in October, according to new figures.
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Other News

NEW Midlands Top 500 Companies Database - Preorder today and get the Early Bird Offer

Member Exclusive News

Wolves expand partnership with energy company

Wolverhampton Wanderers have expanded their partnership with an energy company which is based in the city.
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Aldi to introduce recyclable cereal packaging

Aldi, which has its UK head office in Warwickshire, is introducing 100 per cent recyclable packaging for its own-brand boxed cereal.
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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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