Today's West Midlands business news from Insider |
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West Midlands
Wednesday 23 December 2020

Latest News

Top Story

Marston’s pubs deal secures 1,300 jobs

Wolverhampton-headquartered Marston's has signed a deal to operate more than 150 SA Brain pubs, securing 1,300 hospitality jobs.
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Insider Feature
Feature 1

Business Matters: Peer Networks sees high demand as businesses sign up to work together to drive growth

Peer Networks is working with business owners up and down the country to help them grow and position themselves for future success.
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Deals

Blues owner raises more than £6m

The parent company of Birmingham City FC has raised net proceeds of about £6.6m to repay debts and for general working capital.
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Spin-out smashes crowdfunding target

A Worcester-based spin-out from the University of Cambridge has smashed through its crowdfunding target.
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US investor lowers stake in Secure Bank Trust

A US investor has lowered its stake in Solihull-headquartered Secure Trust Bank.
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Investigation launched into proposed drinks company deal

The CMA has launched an investigation into the acquisition of a beer and soft drinks dispense systems company by a joint venture between Carlsberg UK and Heineken UK.
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Advisers named on £4.5m acquisition

The advisers who worked on a deal which saw a compliance and health and safety eLearning specialist acquired in a deal worth up to £4.5m have been named.
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Valeo Foods buys tortilla chip maker

Valeo Foods Group, which owns the likes of Rowse honey, Kettle crisps and Jacob’s biscuits, has acquired a producer of tortilla snacks.
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Driverless tech firm extends crowdfunding campaign

A Birmingham company which is developing driverless vehicle technology has extended its crowdfunding campaign.
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Business

Losses widen at Shell-owned utilities provider

Pre-tax losses widened to more than £30m at a Coventry-based supplier of gas, electricity and broadband which is owned by Shell, new accounts have confirmed.
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Merry Christmas from Insider

Today's email newsletters will be our last of 2020, so from the team at Insider we wish all of our readers the very best for the festive period. Our newsletters will resume on Tuesday 5 January. Thanks for reading during this most challenging of years and we look forward to seeing you in 2021!
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Food production to be focus of forum

Sustainable and efficient food production has never been more important, and major work in this area is taking place in the Midlands.
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Dealership Group upbeat despite Covid-19 impact

The Covid-19 pandemic has affected turnover and profits in the latest accounts for Stoneacre Motor Group, but the dealership group is said to have performed ahead of expectations following the initial lockdown. A deal was completed for a counterpart this summer with further acquisitions targeted in 2021.
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Property

Shortlists for £2bn HS2 contracts revealed

Shortlists for contracts worth almost £2bn in total have been announced by HS2.
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Work to start on job-creating care home

Work is due to start in January to create a care home and apartment complex in Leamington Spa.
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Warehouses acquired in near £20m deal

A pair of warehouses in the West Midlands have been bought as part of a wider deal worth almost £20m.
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Slight rise in value of construction contracts

The total value of construction contract awards hit £4.9bn last month, according to new data, representing an increase on October.
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Fresh student flats plans submitted

Fresh plans for almost 180 student bedrooms to be constructed on the site of an ex-servicemen's club in Birmingham have been submitted.
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Manufacturing

Turnover jumps by almost £100m at historic jewellery firm

Turnover jumped by almost £100m at a Birmingham-based jewellery manufacturer and supplier, which was founded in 1845, during its latest financial year.
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Manufacturer braced for sales fall

Turnover at a Coventry-headquartered manufacturer whose clients include Bentley, Aston Martin and Jaguar Land Rover is set to fall during its most recent financial year because of the Covid-19 pandemic's impact on the automotive sector.
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“Challenging trading conditions” for German giant’s UK arm

"Challenging trading conditions" led to a fall in revenue and pre-tax profits at the UK arm of German giant Leoni, new accounts have revealed. The company supplies wires and cables to the likes of Bentley and Aston Martin.
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Turnover drop expected at historic group

The group behind an historic Black Country hinge maker has said it expects its turnover for 2020 to be affected by the Covid-19 pandemic.
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New car production in November decline

The production of new cars in the UK fell 1.4 per cent in November, according to figures from the Society of Motor Manufacturers and Traders.
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Soft drinks maker falls into the red after investment year

A soft drinks company fell to a pre-tax loss after a period of investment in its staff and marketing ahead of planed business growth, according to new documents.
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Other News

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

Member Exclusive News

Unite’s head of pensions takes bank role

Birmingham-based Unity Trust Bank has appointed the head of pensions at Unite the Union as a non-executive director.
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Historic engineering company makes board changes

Changes to the board of a listed engineering group headquartered in Stoke-on-Trent, which was established in 1883, have been announced.
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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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