Today's West Midlands business news from Insider |
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West Midlands
Thursday 2 April 2020

Latest News

Top Story

Plans in for major new hotel near Birmingham's NEC

Plans for a major new hotel near the NEC in Birmingham have been submitted. If approved, more than 30 jobs will be created as well as a multi-storey car park.
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Insider Feature
Feature 1

Business Matters: How to support employee mental health when working remotely

As the impact of coronavirus takes hold, stress for the region’s workforce is at an all-time high, with concerns over job security and personal finances escalating, and those who can, working in isolation from home in line with the government’s social distancing instructions. With this and April’s UK Stress Awareness Month in mind, David McCormack, CEO of employee engagement innovators HIVE360, offers guidance on managing the mental health of employees who are working remotely.
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Deals

Majority stake taken in paper and packaging distributor

A listed Japanese group has agreed to take a majority stake in a European paper and packaging distributor which employs more than 1,000 workers in the UK.
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Revised takeover of financial services firm completes

The multimillion-pound takeover of a financial services technology company by an Australian business has completed for a discount on the original purchase price.
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EY acquires R&D tax relief specialist

Professional services giant EY has acquired an R&D independent tax consultancy which specialises in supporting companies accessing R&D tax relief through the small to medium size enterprises (SME) scheme.
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Auto Trader to bring in £186m

Auto Trader has completed a placing, with the company set to raise about £186m.
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Business

Turnover slump for Baggies following relegation

Turnover slumped at West Bromwich Albion during their first season in the Championship since 2010, new accounts have confirmed.
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Business secretary calls on banks to support crisis-hit firms

Business secretary Alok Sharma has said it is 'completely unacceptable' if banks are 'unfairly refusing funds to good companies in financial difficulties' amid criticism of the industry and concern about the ability of firms to survive the current shutdown in place to tackle the coronavirus. The Chancellor is set to come forward with additional measures to help small businesses trying to access support.
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Senior National Express director to become William Hill CFO

A senior director at National Express is to step down to become the new chief financial officer at William Hill.
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Unsecured creditors of collapsed retailer owed £4.24m

The unsecured creditors of a toy and novelty gift retailer - which had been trading since the 1970s before its collapse earlier this year following a "challenging" Christmas - could be set to miss out on more than £4m.
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Operations director leaves Calor Gas

The operations director of Calor Gas in Leamington Spa has left his position.
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Holiday company vows to come back ‘stronger than ever’

A holiday company has vowed to come back stronger than ever – with assistance from Lloyds Bank – after cancelling its upcoming trips.
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B&M to temporarily close almost 50 stores

B&M is to temporarily close almost 50 stores amid the ongoing pandemic.
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Business report sharp and significant fall in revenue - BCC

UK businesses have reported a sharp and significant fall in domestic and overseas revenue according to the British Chambers of Commerce's (BCC) first Covid-19 Business Impact Tracker.
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Property

Affordable homes scheme backed

Proposals for a new development of affordable homes near Stratford-upon-Avon have been approved.
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Company to move into new headquarters

A provider of legal advice and tax guidance is to move into a new headquarters in Leamington Spa.
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Landsec establishes rent relief support fund

Property giant Landsec has established an £80m rent relief support fund for tenants affected by the coronavirus outbreak.
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Manufacturing

Listed manufacturer names new CEO

A new chief executive has been named for Solihull-headquartered listed manufacturing company, Hill & Smith Holdings.
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New commercial director for steel manufacturer

A new commercial director has been appointed at the Oldbury-based UK arm of one of the largest steel manufacturers in the world.
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Results dip for historic royal carpets maker

Revenue and pre-tax profits have dipped at a carpet maker which was established in Worcestershire during the reign of King George III and has previously supplied products to Buckingham Palace, newly filed accounts have revealed.
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Aston Martin shares slump more than 40 per cent

Shares in Aston Martin slumped by more than 40 per cent yesterday, a day after it confirmed moves to raise £536m in additional funding.
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Other News

Hotel Chocolat cancels interim dividend

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Member Exclusive News

JCB donates vital supplies for Covid-19 fight

JCB has donated vital supplies of personal protective equipment to an NHS trust to help the fight against Covid-19.
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Emergency services workers offered two months free rent

Doctors, nurses and other emergency service workers are being offered rent-free accommodation by a Birmingham-headquartered property developer as a thank you for their efforts in fighting the Covid-19 pandemic.
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Services & Guides

Corporate Finance Directory

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Best Places to Meet

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

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