Today's West Midlands business news from Insider |
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West Midlands
Wednesday 5 August 2020

Latest News

Top Story

Morgan Sindall braced for profits slump as Covid-19 bites

Construction and infrastructure company Morgan Sindall, which is headquartered in Rugby, has said its pre-tax profits are set to fall by almost £40m by the end of its current financial year because of the Covid-19 pandemic.
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Insider Feature
Feature 1

Business Matters: How to get investment in turbulent times?

Ray Harris, MEIF principal at Foresight Group LLP, offers a helpful guide for management teams of SMEs looking for equity investment post pandemic.
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Deals

Netherlands dynasty invests in funerals provider

One of the richest families in the Netherlands has invested in Sutton Coldfield-headquartered funerals provider Dignity for the second time this year.
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Deal agreed for VR company

A Birmingham-based business has bought a VR company which is also based in the city.
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Birmingham advisers work on wallcoverings deal

The Birmingham-based corporate finance team at audit, tax, advisory and risk firm Crowe has advised a Belgian company on its acquisition of a Lancashire family-owned business.
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Funding which helped food maker through pandemic revealed

The six-figure funding which helped a food manufacturer and wholesaler in Shrewsbury through the height of the Covid-19 pandemic has been revealed.
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Amazon’s Deliveroo investment cleared by CMA

Amazon's move to acquire a stake in Deliveroo has been formally cleared by the Competition and Markets Authority (CMA).
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White Oak hits £50m CBILS milestone

Business lender White Oak UK has distributed more than £50m in loans to small and medium-sized enterprises under the UK Government's Coronavirus Business Interruption Loan Scheme (CBILS).
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Insider Feature
Feature 2

Roundtable: Car-Free Birmingham

A plan to dramatically cut the number of cars in Birmingham city centre will have a major impact on property and infrastructure development.
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Business

IT giant reports turnover and EBIT growth

IT giant SCC, which is headquartered in Birmingham, has reported a rise in its turnover and EBIT for its latest financial year.
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Calls to back creative cluster campaign

A call has been made to support a campaign to establish Warwick as a 'creative cluster of national significance' by 2025.
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Pizza Express up for sale as closures and job cuts revealed

Pizza Express has revealed plans to close 67 of its restaurants, putting 1,100 jobs at risk. It has also hired Lazard & Co to advise on the sale of the group.
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Ten-year Maritime and Coastguard Agency for telent

Warwick-based technology and network services company telent has secured a new ten-year agreement with the Maritime and Coastguard Agency.
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PE-backed software company’s results rise

A private equity-backed Solihull software company's turnover and EBITDA rose during its latest financial year.
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Property

Plans in for Mucklow Park’s third phase

Plans have been submitted for the third phase of Mucklow Park in Birmingham.
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‘Shovel ready’ schemes get £66m government boost

A group of eight 'shovel ready' projects, ranging from the National Brownfield Land Institute to Very Light Rail developments are to receive a £66m boost from the government.
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Paradise to help region bounce back from pandemic

The man behind Birmingham’s largest redevelopment scheme has said the £700m investment will help the region bounce back from the Covid-19 crisis.
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Further details revealed for Ricoh Arena project

Further details have been revealed about Ricoh Arena’s plans to transform its conferencing and exhibition facilities ahead of the Commonwealth Games after receiving multimillion-pound government funding.
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Approval tipped for almost 100 new homes

The go-ahead has been tipped for almost 100 new homes to be constructed in Warwickshire.
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High-profile letting agreed at major employment site

One of the UPS's healthcare arm's UK operations has taken more than 100,000 sq ft of space at a major employment site in Birmingham.
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Home lift maker relocates to larger base

A home lift manufacturer has moved to larger headquarters in the Black Country.
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Manufacturing

Listed manufacturer eyes stronger second half performance

Solihull-headquartered listed manufacturing company Hill & Smith Holdings has said it expects a stronger performance in the second half of 2020 after its revenue and pre-tax profits fell during the first six months.
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Company returns to full capacity as sales surge

A Shropshire manufacturer has returned to full operational capacity after securing a record £500,000 of sales in seven days.  
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Other News

BTR specialist takes ownership of new flats scheme

Surge in build-to-rent planning intentions - report

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

Member Exclusive News

Shrewsbury announce new shirt sponsor deal

Shrewsbury Town have announced a new back of shirt sponsor for the next two seasons.
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Experienced property manager joins expanding firm

An experienced property manager has been hired by Birmingham-headquartered Principle Estate Management.
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5 Nov

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Services & Guides

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Corporate Finance Directory

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Best Places to Meet

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