Today's West Midlands business news from Insider |
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West Midlands
Wednesday 26 May 2021

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New headquarters for Tata Consultancy Services

IT firm Tata Consultancy Services is moving to a new regional headquarters in Leamington Spa to consolidate its operations under one roof. The letting follows Canmoor and Tristan Capital Partners' £5m refurbishment of the former Wolseley site.
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Insider Feature
Feature 1

Business Matters: M&A market unleashed in the Midlands, despite the current climate

Khush Purewal, partner and head of corporate finance at KPMG in the Midlands, says the M&A market is booming. Whilst 2020 was an unusual year for most sectors, since the easing of lockdown restrictions, it’s fair to say that COVID-19 has accelerated a change in the market’s approach. Both in the Midlands and across the country we’re seeing deal activity moving at such pace that we’re a long way ahead of where we were last year, with more deals in the pipeline than ever.
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Deals

Video game developer snapped up

A Leamington Spa-headquartered video game developer has been acquired by mobile game specialist Miniclip.
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NPIF and MEIF invest £50m to support low carbon innovations

The British Business Bank’s regional funds – the Northern Powerhouse Investment Fund (NPIF) and the Midlands Engine Investment Fund (MEIF) – have enabled more than £50m of investment into small businesses to reduce their carbon footprint.
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Furniture and homeware retailer sets out IPO plans

Designer furniture and homeware retailer MADE.com has set out plans for an initial public offering that could raise proceeds of £100m.
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Maven and Ludlow Wealth to be acquired by Mattioli Woods

Maven Capital Partners UK, a private equity investor and alternative asset manager which operates from ten offices across the UK, is to be acquired by Mattioli Woods in a deal worth up to £100m. Mattioli Woods has also struck a deal of up to £43.5m to acquire Ludlow Wealth Management, a provider of investment, financial planning and pension advice in the North West of England.
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Insider Feature
Feature 2

Business Matters: SME resilience through decoding business strategy

Dr Koushik Das Sarma, programme facilitator for the Small Business Leadership Programme (SBLP) at the University of Derby, explores how business resilience feeds into business strategy, and draws on some of the questions and feedback he has heard from SME leaders currently on the programme.
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Business

Losses cut at cloud-based software company

Pre-tax losses have been cut at a Coventry cloud-based software company, according to new interim results.
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Gateley expects to report pre-tax profit rise

National law firm Gateley has said it expects to report an increase in pre-tax profit for its latest financial year, with the company's chief executive eyeing further growth.
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PwC appoints senior partner in the Midlands

Professional services firm PwC has appointed a new senior partner for Midlands corporate finance deals.
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£400m rail investment outlined

An investment of more than £400m in the UK's rail network has been announced by the government including an upgrade to the Transpennine route and support for new stations in Leeds and Exeter.
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Revenue tops £200m at Mazars

International tax, audit and advisory firm Mazars has reported revenue of more than £200m for the first time.
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Insider Feature
Feature 3

Ask the expert: What do you value most - price or advice?

Phil Barton from Partners& says it’s a well-known fact in the insurance industry that our first exposure to buying insurance is our first car. At that time of life, insurance is expensive and we don’t have the money (or frankly, the inclination) to make a prudent choice about what insurance we put in place – and that’s when our relationship with insurance is forged. Too often, we’re programmed to always look for the cheapest deal.
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Property

Plans lodged for more than 80 Gun Quarter apartments

Proposals to transform a site in Birmingham's Gun Quarter to provide more than 80 apartments have been lodged.
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Flurry of deals for Utilita Arena Birmingham

Utilita Arena Birmingham, part of NEC Group, has fully let a total of 44,000 sq ft of adjoining retail space following a flurry of deals.
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Property development firm secures funding boost

A family-owned property development business has started work on the next phase of its latest residential building project in Worcestershire after securing funding support from Lloyds Bank.
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Plans in for job-creating petrol filling station

Plans have been submitted for the development of a job-creating petrol filling station and convenience store in Stoke-on-Trent.
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£14m student accommodation brought to market

A £14m purpose-built student accommodation development in Birmingham has been brought to market by commercial property agent Bond Wolfe.
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Edmond de Rothschild snaps up £43m BTR development

Edmond de Rothschild Real Estate Investment Management has agreed to forward fund a build-to-rent development in Rugby for £43m.
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‘Important year’ for Warehouse REIT

Warehouse REIT, which has assets across the UK, has been buoyed by an "important year" in its development
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Insider Feature
Feature 4

Business Matters: How the fully funded Peer Networks Programme can accelerate your business growth

Katherine O'Donnell, GBSLEP growth hub account manager, has worked closely with many SMEs on the pilot of Peer Networks - a fully funded business growth programme for SMEs with more than five staff - with everyone she mentored having a "really positive experience". Growth Hubs across the West Midlands are now recruiting for round two of the programme and she is urging every ambitious business owner to grab the opportunity to join.
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Manufacturing

“Encouraging” start for Hill & Smith Holdings

The chief executive of Solihull-headquartered listed manufacturing company Hill & Smith Holdings has said the business has experienced an "encouraging" start to 2021.
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Other News

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Member Exclusive News

Birmingham City strike new shirt sponsorship deal

Birmingham City FC have unveiled a new sponsor for both the men's and women's kits for the 2021/22 campaign.
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New home for iconic Spitfire nears completion

Stoke-on-Trent's iconic Spitfire is set to return to the city next month as workon its new home nears completion.
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