Today's West Midlands business news from Insider |
Latest News | A deal has been agreed for Warwick-based National Grid to acquire Western Power Distribution, an electricity distribution business which serves approximately 7.9 million customers and employs more than 6,500 staff, for an equity value of £7.8bn. National Grid has also agreed to sell a US-based electricity business provider and announced plans to sell a majority stake in National Grid Gas.
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Emma Wallace from Dains Accountants says the Financial Conduct Authority (FCA) has recently issued further guidance in relation to claims under business interruption insurance policies for losses resulting from the Covid-19 pandemic and UK Government lockdowns.
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Video equipment and services specialist Garland Partners has been acquired by its US channel partner LiveU.
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The Competition and Markets Authority (CMA) has joined forces with counterpart organisations in the US, Canada and Europe to consider its approach to investigating pharmaceutical mergers.
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JD Sports Fashion has completed its acquisition of a US athletic footwear and apparel streetwear retailer in a deal worth $495m.
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Ahead of speaking at a Midlands Business Insider roundtable event - titled “The New Manufacturer: How SMEs are adopting digital tech” - Marcos Kauffman explores the route that SMEs - especially those in manufacturing - should take when adopting new digital technology; and reveals why information data is becoming critical to manufacturers’ growth.
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National Express has reported a statutory pre-tax loss of almost £450m in new full-year results. However, the company's chief executive said that the business is well-positioned for a "strong" recovery.
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The chief executive of Stoke-on-Trent-headquartered homeware maker Portmeirion Group has said the business showed "great resilience" as Covid-19 hits revenue and pre-tax profit.
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Having a freeport in and around East Midlands Airport will help attract hundreds of millions of pounds of global investment, a senior official has told Insider.
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Turnover at national law firm Freeths has topped the £100m mark in a year when the business also grew its pre-tax profits. The firm's managing partner said that Freeths is "well-positioned" for continued growth.
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Mid-market private equity investor LDC has strengthened its Midlands team with the appointment of a new origination director.
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A series of reforms to the UK's audit regime designed to safeguard jobs, avoid company failures and reinforce the UK's reputation as a destination for investment have been unveiled by business secretary Kwasi Kwarteng.
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Rob Richardson from St Modwen Logistics talks about how logistics occupiers are seeking the very highest design, build and maintenance specifications in the marketplace, and how St Modwen Logistics is meeting these requirements with its new Swan Standard.
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A £1.9m development loan has been awarded to support the regeneration of 4.5 acres of brownfield land in Kidderminster. The proposed scheme will provide new industrial and retail space in the town.
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Solihull-based fitness apparel business Gymshark, which was recently valued as a £1bn company, has opened a North American headquarters.
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Green energy supplier Octopus Energy has chosen a prominent listed building as its first office in Birmingham. The company has said that it plans to create jobs in the city as part of the move.
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Network Rail has agreed a ten-year lease at IM Properties’ industrial and distribution scheme The Hub in Birmingham.
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More than £2m is being invested into developing a new hydrogen fuel cell development facility at Coventry University.
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Office Principles has completed work on the first phase of a £1.6m Birmingham office refurbishment.
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Coventry-based armour manufacturer and vehicle integrator NP Aerospace has carried out work as part of an engineering contract under the UK Ministry of Defence (MoD).
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Member Exclusive News | Living Space Housing has commenced construction work at a 6.3-acre site in Telford to provide new affordable homes.
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Cameron Homes has opened a drive-thru lateral flow Covid testing centre, which is open to all employees at its Chasetown headquarters.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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| | The region's top hotels and accommodation.
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