Today's West Midlands business news from Insider |
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West Midlands
Friday 6 November 2020

Latest News

Top Story

Green light tipped for £140m apartments scheme

Proposals for a £140m project to build more than 700 apartments on the edge of Coventry city centre have been recommended for approval.
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Insider Feature
Feature 1

Business Matters: Why you shouldn’t let the pandemic halt your workplace dreams

The pandemic has been the biggest collective shock to our lives, according to Andrew Butterworth, commercial director at Bruntwood Works, with millions made to work from home and thousands of businesses forced to adapt. Companies have changed the way they operate and how they look after their workforces and customers, prioritising health, safety and wellbeing more than ever before.
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Deals

Mears to sell Birmingham business for £72m

Housing and social care provider Mears has agreed the conditional sale of a Birmingham-based provider a range of land and planning services to a wide range of customers, notably the National Planning Portal. The deal is worth up to £72m.
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Partners at property consultancy complete MBO

Partners at a Sutton Coldfield-based property consultancy have taken control of the company.
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RSA approached about possible £7.2bn takeover offer

RSA Insurance Group has confirmed it has been approached by a consortium with a proposal regarding a possible multibillion-pound takeover offer for the historic insurance business.
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Private equity firm acquires Hovis

Private equity firm Endless has acquired 134-year-old bakery brand Hovis.
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£30m funding commitment unveiled to support SMEs

British Business Investments has provided a £30m commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund.
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Deadline extended for TalkTalk offer

The firm behind a preliminary takeover bid for TalkTalk has been granted more time to make a bid.
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Insider Feature
Feature 2

Business Matters: Building business resilience - How business operations can thrive in uncertain times

Many businesses were forced to adapt and adopt new processes in a rush as the pandemic hit. SafetyCulture’s Dan Joyce explores how we can build on those hasty foundations and optimise for safer, more productive and successful businesses in 2021.
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Business

Bravissimo’s actions to cope with first lockdown revealed

Warwickshire-headquartered lingerie retailer Bravissimo "streamlined" jobs and permanently closed stores to deal with the first Covid-19 lockdown as well as securing additional funding, new documents have confirmed.
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Turnover surges towards £40m at valeting giant

Turnover surged towards the £40m mark at a professional valeting business which provides services to more than 550 motor dealerships located throughout the UK during its latest financial year.
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Building society appoints interim CFO

Coventry Building Society has announced the appointment of an interim chief financial officer.
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Shares in The Works surge 25 per cent

Shares in Sutton Coldfield-headquartered discount retailer The Works surged by 25 per cent after it revealed its trading since stores reopened following the first Covid-19 lockdown  "continued to be strong and significantly ahead" of the board's expectations.
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Sunak to extend furlough scheme to March

The UK-wide furlough scheme is set to extend until the end of March 2021, Chancellor Rishi Sunak has announced.
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Turnover and profits rise at Royal Warrant holder

Turnover jumped past the £250m mark while pre-tax profits also surged at a Royal Warrant-holding distributor of liquefied petroleum gas (LPG) during its latest financial year.
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Sainsbury’s changes to impact thousands of jobs

Sainsbury's has revealed plans to close 420 standalone Argos stores and said its meat, fish and deli counters will cease to operate. The move is expected to impact about 3,500 jobs.
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Insider Feature
Feature 3

Roundtable: Food & Drink 2020

The Midlands is playing a leading role in ensuring the global food chain is more sustainable and efficient.
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Property

Social landlord secures £35m loan

A Birmingham-based social landlord has secured a £35m long-term loan as part of its plans to build 250 new affordable homes by 2025.
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Urban&Civic set for £506m takeover

A £506m deal for commercial development specialist Urban&Civic has been agreed.
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Plans in for 150 new properties

An application for 150 new homes in Birmingham has been submitted.
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Care home plans set to be turned down

Plans for a new care home in Walsall have been recommended for refusal.
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Proposals to transform old Toys R Us store voted through

Plans to transform a former Toys R Us store in Oldbury have been voted through.
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Old car auctions site sold

A large site that used to house a car auctions business near Birmingham city centre has been sold.
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Manufacturing

JLR licences Defender shape to acquired manufacturer

A manufacturer of all-terrain performance cars, parts and rally raid vehicles has been given permission by its parent, Jaguar Land Rover, to use the classic Defender shape.
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Rolls-Royce to cut almost 1,400 jobs

Almost 1,400 jobs are being cut by engineering giant Rolls-Royce, it has been confirmed.
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Bentley to go fully electric by 2030

Bentley Motors has outlined plans to go fully electric by 2030.
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UK new car market suffers October decline

The UK new car market declined again in October, with registrations falling by 1.6 per cent year on year, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
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Other News

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

Member Exclusive News

Major apartments contract awarded

One of the largest professional freeholders in the country has appointed Birmingham-based Principle Estate Management to manage more than 250 apartments and flats across the UK.
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New base for asbestos management company

An asbestos management company has expanded with the launch of a new office in Birmingham.
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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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