Today's West Midlands business news from Insider |
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West Midlands
Thursday 2 July 2020

Latest News

Top Story

Losses slump to £121m at pubco giant as Covid-19 bites

Pre-tax losses totalled £121m at Birmingham-headquartered pubco giant Mitchells & Butlers, whose brands include Miller & Carter, All Bar One and Toby Carvery, during the first half of its financial year, because of the Covid-19 lockdown.
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Insider Feature
Feature 1

Business Matters: Midlands companies embrace 3D printing during Covid-19

Esther Gottschalk and Philip Cupitt from Marks & Clerk LLP say 3D printing, expected to be a $35.6bn industry by 2024, has a significant role to play in the production of goods. This was the case before the current Covid-19 crisis, but is likely to continue in spite of it.
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Deals

Architects make promotions amid growth capital fund raise

Birmingham-based Glancy Nicholls Architects has made four internal senior promotions as part of a growth capital fund raise and shareholder realignment.
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PE-backed firm acquires telecoms provider

An LDC-backed company has acquired a business telecoms provider for an undisclosed sum.
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CMA launches formal inquiry into £178m deal

The Competition and Markets Authority (CMA) has officially launched a merger inquiry into the proposed £178m deal between building materials giant Breedon and CEMEX UK.
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More lenders accredited under Coronavirus Business Loan Schemes

The British Business Bank has approved six new lenders for accreditation under its Coronavirus Business Loan Schemes.
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Insider Feature
Feature 2

Business Matters: Do you have the right communications technology to work flexibly?

Duncan Ward, CEO of Network Telecom, looks at the technology to consider ahead of returning to the office and the benefits it will offer a post-lockdown workforce.
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Business

“Challenge drives performance”: how firms have used lockdown to change and stay relevant

Many businesses are using the pandemic and lockdown to take a radical look at how they operate and change in a drive to stay relevant, an online Insider forum has heard.
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Writedown hits property giant’s pre-tax profits

Solihull-headquartered IM Properties (IMP) has revealed a writedown of its retail assets has reduced pre-tax profit from £61m to just under £24m.
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telent appoints new CEO

Warwick-headquartered technology giant telent has appointed a new chief executive.
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Consultancy reveals senior promotions

National consultancy Pegasus Group has announced a series of director level internal promotions across its Derbyshire and Birmingham offices.
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Virgin Money to resume job cut and branch closure programme

Virgin Money is set to resume the programme of store closures and job cuts put on hold following the Covid-19 outbreak.
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Primark owner outlines profit expectations

Primark owner Associated British Food has outlined its profit expectations for its latest financial year in a summary of "significant trading developments" throughout the coronavirus crisis.
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Property

Green light expected for more than 230 new homes

More than 230 new homes could be constructed in Sandwell after the plans were recommended for the go-ahead.
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Jewellery Quarter scheme given go-ahead

The green light has been given for a five-storey, mixed-use building in Birmingham's Jewellery Quarter.
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Job-creating scheme to replace industrial unit

An industrial unit in Leamington Spa is to be knocked down to make way for a job-creating care home.
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Flats bid for vacant offices rejected

A fresh bid to transform vacant offices in Birmingham into new homes has been rejected.
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Approval tipped for town’s new care home

A care home could be constructed in Stratford-upon-Avon after the plans were recommended for approval.
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Manufacturing

JCB develops hydrogen-powered excavator

JCB has developed the construction industry’s first-ever hydrogen-powered excavator, the company announced today.
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Meggitt warns of revenue drop

International aerospace and defence engineering company Meggitt has revealed that its organic revenue for the second quarter of its financial year will be about 30 per cent lower because of the Covid-19 pandemic.
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Exterior design of Grenadier 4x4 revealed

INEOS Automotive has revealed the exterior design of the Grenadier, the company's 4x4 vehicle.
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Other News

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

Major milestone for £82m station masterplan

The biggest piece of infrastructure in the Coventry Station Masterplan is underway, marking a major milestone in the £82m project.
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First tenant named for transformed scheme

The first tenant of a transformed town centre scheme in Hereford has been unveiled.
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Upcoming Events

16 Jul

Insider Online Forum: The Hub - Britain’s new development centre

3 Sep

Insider Made in the Midlands Awards 2020

10 Sep

East Midlands Property Dinner 2020

17 Sep

Insider Midlands Dealmakers Awards 2020

8 Oct

Insider East Midlands Dealmakers Awards 2020

Services & Guides

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