Today's West Midlands business news from Insider |
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West Midlands
Wednesday 12 August 2020

Latest News

Top Story

Plans for £500m athletes' village scrapped

Plans to develop a £500m athletes' village for the 2022 Commonwealth Games in Birmingham have been scrapped.
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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

Funding secured for immersive tech bid

A bid to make Coventry and Warwickshire the number one region for immersive technology has been awarded funding by UK Research and Innovation.
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More than 1.2 million firms supported by government-backed Covid-19 schemes

More than 1.2 million businesses across the UK have now receive funding from lenders through government-backed coronavirus lending schemes.
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Solicitors firm advises on multimillion-pound deal

A West Midlands solicitors firm has been named as an adviser on a deal which saw a business agree to be acquired by K3 Capital Group.
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Business

Exporting success for healthcare brand

A healthcare brand which was founded three years ago in Birmingham is forecast to quadruple its sales to the US in the next five years.
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Senior promotions at NorthEdge Capital

NorthEdge Capital, which manages more than £650m of private equity funds aimed at the North and Midlands regions, has made two senior promotions in Birmingham. 
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Debenhams to cut 2,500 jobs

Debenhams has announced plans to slash 2,500 jobs to give the retailer "every chance of a viable future".
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New hire for specialist finance firm

A new corporate relationship director has joined Tamworth-based Crystal Specialist Finance.
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Used car market almost halves in second quarter

The UK’s used car market almost halved during the second quarter of 2020, new figures have confirmed.
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Turnover tops £850m at Hermes UK

Turnover has grown to more than £850m at parcel delivery giant Hermes UK, which has recently agreed the sale of a majority stake to Advent International.
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Property

Plans to expand apartments scheme tipped for go-ahead

Plans to expand an already approved scheme for almost 100 apartments in a Warwickshire town have been recommended for approval.
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Respected architect to judge Insider awards

A widely respected architect behind one of the Birmingham’s best known landmarks has agreed to judge Insider’s West Midlands Property Awards.
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Town centre homes tipped for approval

More than 30 homes could be built in Shrewsbury after the plans were recommended for approval.
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Deal worth £2m for retail centre scheme signed

A project to build a new local retail centre in Worcestershire is to move forward after a £2m deal was signed. 
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Completions fall at Bellway but recent signs “encouraging”

Housebuilder Bellway has reported a drop in completions of almost a third but said recent sales demand had been "encouraging".
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Manufacturing

Foam maker creates 300 jobs in PPE drive

A Black Country foam products maker has created almost 300 jobs after being awarded a government contract to supply protective face visors to frontline NHS staff.
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Revenue and profits surge at iconic shoe brand

Revenue surged by almost 50 per cent at iconic shoe brand Dr Martens during its latest financial year, while its profits more than doubled.
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“Very promising” future eyed by pet food maker

The family-owned business behind a pet food brand that can trace its roots back to the 1930s and is sold all over the world has said its outlook is "very promising" after reporting the results of its latest financial year.
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Lead price sees manufacturing giant’s revenue fall

The price of lead contributed to a fall in revenue at a manufacturing giant during its latest financial year, new documents have revealed.
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Other News

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

Member Exclusive News

PR agency retained by GKN Automotive

A London PR agency has been retained by Redditch-headquartered historic engineering giant GKN Automotive.
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Residential estate agent moves to city centre

A Birmingham residential estate agent has made the move into the city with help from commercial agents Siddall Jones.
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