Today's West Midlands business news from Insider |
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West Midlands
Monday 11 May 2020

Latest News

Top Story

Medical app firm smashes fundraising target

A company whose app is replacing pagers in NHS hospitals has smashed its £700,000 fundraising target. It has now extended its crowdfunding campaign.
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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

Aviation company secures bank backing

A Warwickshire and Buckinghamshire-based aviation company has secured CBIL funding from Barclays to continue its business during the current climate.
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More than £5.5bn of coronavirus support provided to SMEs

The banking and finance sector has so far provided more than £5.5bn of coronavirus support to SMEs, according to new figures from UK Finance. The British Chambers of Commerce welcomed the steady improvement in the number of firms accessing the scheme, but said the the pace of delivery remains "disappointingly slow".
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Job-saving deal for K3 subsidiary

The Dynamics 365 finance and operations trade and assets of K3 Business Technologies have been bought out of administration.
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Three more lenders secure Bounce Back accreditation

Three new lenders have been accredited under the British Business Bank's Bounce Back Loan Scheme.
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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

Business groups react to PM’s Covid-19 update

Business groups have said Boris Johnson's announcement regarding Covid-19 last night offers "the first glimmer of light for our faltering economy" but called for more details on how restrictions could be eased over the coming weeks and months.
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Dignity hails Q1 performance

Sutton Coldfield-headquartered funerals provider Dignity achieved a performance which was "broadly in line with expectations" during the first quarter of its financial year, new figures have confirmed.
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New MD for British Motor Museum

A new managing director has taken over at the British Motor Museum after Julie Tew retired after 19 years.
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Unity Trust Bank confirms regional director hire

Birmingham-headquartered Unity Trust Bank has confirmed the appointment of a new regional director.
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Next to open beauty concept in former Debenhams stores

Retail giant Next is to open its online beauty concept in five former Debenhams stores.
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Law firm reveals partner hires

Birmingham-based law firm Gowling WLG has confirmed the hiring of two new real estate partners.
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Clearwater makes “substantial investment” in special situations team

Clearwater International has made a "substantial investment" in its International Special Situations team.
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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

Morgan Sindall “well-positioned” for growth after Covid-19 crisis

Construction and infrastructure company Morgan Sindall, which is headquartered in Rugby, has said it is "well-positioned to successfully navigate" through the current Covid-19 crisis.
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Former concrete plant sold to homes developer

The former site of a concrete plant near Nottingham earmarked for new homes has been sold to a Staffordshire-headquartered developer.
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Expansion of major business park moves to next phase

An expansion of a major business park has moved into the next phase with preparation for factory platforms and services infrastructure works starting.
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Primary Health Properties acquires portfolio for £47.1m

Specialist investor Primary Health Properties (PHP) has acquired a portfolio of 20 purpose-built medical centres across England and Wales for £47.1m.
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Manufacturing

Costs being cut at GKN over Covid-19 crisis

Costs are being cut at historic aerospace engineering giant GKN because of the Covid-19 pandemic, its owner has revealed.
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Q1 profits rise for engineering giant

Birmingham-headquartered engineering giant IMI has revealed its profits for the first quarter of 2020 are higher than during the same period in 2019, despite a drop in revenue.
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Firm’s shares surge after Covid-19 product launch

Shares in a Warwickshire-headquartered company which provides cooking oil filtration and fryer management services to restaurants have surged more than 60 per cent. It came after it announced the UK launch of FiltaShield, a new sanitising service to help businesses combat and prevent the spread of Covid-19.
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Aston Martin starts phased return to work

Aston Martin has started a carefully planned phased return to work for a number of its manufacturing staff as the business looks to restart car making while adjusting to the new normal in the battle to overcome the threat of Covid-19.
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Other News

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Member Exclusive News

JCB introduces emergency payment holiday for SMEs

JCB Finance is offering an emergency three-month payment holiday on hire purchase and leasing agreements in response to the coronavirus crisis.
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Brewers’ main shirt sponsor pledges continued support

Burton Albion’s main shirt sponsor has pledged its continued support to the Brewers for the next football season.
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