Today's West Midlands business news from Insider |
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West Midlands
Tuesday 5 May 2020

Latest News

Top Story

Plans for world’s tallest octagonal flats tower revealed

Plans to build the world's tallest pure octagonal residential building in Birmingham have been revealed. If approved, the 49-storey building would include 346 apartments.
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Insider Feature
Feature 1

Business Matters: Covid-19 – a crisis apart

As the economic fall-out from Covid-19 bites, John Swarbrick, head of portfolio at BGF, considers what management teams can do to navigate the here and now.
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Deals

New York investor takes Melrose stake

A New York-based investment management company has taken a stake in the Birmingham-headquartered owner of GKN.
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App maker passes £250,000 fundraising target

A Sutton Coldfield company which has developed an app allowing consumers to pre-order and pre-pay at food and beverage venues has broken its £250,000 fundraising target.
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Loan boost for specialist vehicle equipment supplier

A supplier of specialist vehicle equipment based in Wolverhampton has secured a £525,000 loan from HSBC UK to help maintain critical supplier payments during lockdown.
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Crowdfunding success for vegan ice cream brand

A range of vegan ice cream sold by the likes of Tesco and Ocado has smashed its crowdfunding target as it eyes global expansion.
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O2 and Virgin Media owners in UK merger talks

Spanish giant Telefónica - the owner of O2 - has confirmed it is in talks with Liberty Global, the owner of Virgin Media, to merge their respective UK telecommunications businesses.
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Business

Savills hires new team from JLL

Savills has appointed a new recoveries and receivership team at its Birmingham office from JLL.
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Historic law society appoints new chair

The Birmingham Law Society, which was established in 1818, has appointed a new chair.
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Bounce Back Loans initiative launches

The Bounce Back Loans initiative – which is set to help thousands of small business and sole traders such as hairdressers, coffee shops and florists – has launched.
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Mills & Reeve in “high-profile” partner hire

Mills & Reeve has recruited a "high-profile, pioneering technology" lawyer to its Birmingham office.
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1pm accredited as CBILS lending partner

Listed finance provider 1pm has been accredited as a lending partner under the CBILS scheme.
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Property

Consultation launched on Garden Village plans

A consultation has launched into plans for more than 1,000 homes and at least 40 acres of employment land in Shropshire.
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Urban Splash reopens modular factory and host of sites

Urban Splash has reopened its construction sites and its House modular factory from, safely commencing operations across the country.
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£100m placing for LondonMetric

Real estate investor LondonMetric Property has announced plans to raise about £100m in a share placing.
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Manufacturing

Record sales year drives up turnover at iconic taxi maker

Turnover has been driven up by more than £60m at the Warwickshire-headquartered company famous for its London black taxis, new figures have revealed. Its pre-tax losses have also been cut and the business reported the best sales year in its history.
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Results rise for international firm’s UK arm

Turnover and pre-tax profits at the UK arm of an international manufacturer of heating, industrial, and refrigeration systems increased during its latest financial year, new figures have confirmed.
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Jaguar Land Rover CEO elected to Royal Society

The chief executive of Jaguar Land Rover has been elected as a fellow of the Royal Society.
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Automotive engineering firm eyes workforce surge

An automotive engineering company in Coventry will more than double its workforce if its design to manufacture face masks for frontline NHS staff is given the go ahead.
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Other News

Midlands Top 500 Companies List - contact 1000s of the region’s top decision makers by phone or email

Member Exclusive News

Bank confirms top appointment

Birmingham-based Al Rayan Bank has confirmed the appointment of a new head of conduct and compliance.
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Morgan Motor Comany extends warranties

The Morgan Motor Company has announced an extension to the warranty period on its vehicles because of the Covid-19 pandemic.
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