Today's West Midlands business news from Insider |
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West Midlands
Thursday 14 May 2020

Latest News

Top Story

Marston’s secures £70m funding boost

Wolverhampton-headquartered brewery and pub giant Marston's has secured a £70m funding boost to help it cope with the effects of the Covid-19 shutdown.
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Insider Feature
Feature 1

Business Matters: Office safety after lockdown

Lucy Cheatham, head of marketing at HIVE360, looks at how offices will need to prepare after lockdown.
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Deals

£11m invested by Mercia so far during lockdown

Warwickshire-headquartered Mercia Asset Management has invested more than £11m across the UK in the seven weeks since the lockdown began.
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Six-figure boost to help SMEs during pandemic

A six-figure funding package from Birmingham-headquartered Unity Trust Bank is set to help to support small businesses in the West Midlands which are struggling during the Covid-19 pandemic.
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JPMorgan ups stake in National Express

Investment management giant JPMorgan Asset Management has upped its stake in National Express.
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Six new lenders accredited for emergency loan schemes

New lenders have been accredited under two government-backed emergency loan schemes.
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Deal agreed for menswear retailer TM Lewin

Menswear retailer TM Lewin has been snapped up by SCP Private Equity from Bain Capital.
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Insider Feature
Feature 2

Business Matters: How strategic thinking on VAT could improve your cash flow

Terri Bruce, the new director of indirect tax for SMEs and not for profits at Dains, highlights how strategic thinking around VAT could improve your cash flow.
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Business

Gymshark founder reveals reasons behind stepping down as CEO

The founder of Solihull-headquartered fitness apparel business Gymshark, which has grown to become a £176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive.
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Sales rise for Central England Co-op

Gross sales at Central England Co-op have edged closer to £900m, new figures have confirmed.
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New four-star hotel hires general manager

A general manager has been appointed to lead a four-star hotel which is due to Coventry later this year.
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Drug delivery company signs deal with counterpart

A University of Warwick drug delivery spin-out has entered into a partnership with a Cambridge company to develop new products.
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Roadmap taskforces formally established

Five ministerial-led taskforces have been established in a bid to develop plans for how and when closed sectors can reopen safely.
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Revenue passes £800m at luxury watch retailer

Revenue at a listed luxury watch retail group surged past the £800m mark during its latest financial year, new figures have revealed.
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Coronavirus to have “far-reaching consequences” on football finances - report

The coronavirus is set to have "far-reaching consequences" for football club finances, despite growing stability prior to the outbreak, according to a report from insolvency specialist Begbies Traynor.
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Insider Feature
Feature 3

Business Matters: Inheritance tax reform

John Grundy, a partner at Mills & Reeve, says although few of us are thinking longer term right now the coronavirus pandemic is likely to result in higher taxes in the future. For those with surplus funds now may be the best time to consider passing on wealth for the benefit of the next and future generations.
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Property

Major extension approved for Birmingham hotel

A Birmingham hotel is set to expand after plans to build a major extension were approved.
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Go-ahead secured for affordable homes scheme

Plans are being put in place to start work on 42 affordable homes in Sandwell early next year after the go-ahead was granted.
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Warehouse’s £3.2m refurbishment completed

The £3.2m refurbishment of a warehouse on the outskirts of Birmingham has been completed.
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Plans for restarting the housing market unveiled

Plans to 'restart the housing market' under new guidance have been revealed.
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Harworth sells land for more than £1.25m

More than £1.25m of agricultural land across three sites in the North East and Midlands have been sold by Harworth Group.
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College buildings earmarked for demolition

Plans to knock down the modern buildings at the former New College site in Wellington, Shropshire, are set to be submitted. A mixed-use scheme is being considered for the land.
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Manufacturing

JCB partially restarts production

JCB has announced a partial re-starting of production at four of its UK factories as safety measures are rolled out to protect employees in the wake of the coronavirus crisis.
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Rolls-Royce further expands VR tech

Rolls-Royce has further expanded the use of immersive virtual reality technology for customer training.
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Other News

Wickes to reopen stores

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Member Exclusive News

Occupiers sought for council headquarters space

Occupiers are being sought for office space at the headquarters of Wyre Forest District Council.
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Walsall FC extend kit deal

Walsall Football Club have agreed to extend their technical partnership with ERREA for a further three years.
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Services & Guides

Corporate Finance Directory

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Best Places to Meet

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