Today's West Midlands business news from Insider |
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West Midlands
Thursday 27 August 2020

Latest News

Top Story

Plans move forward for 48-storey residential tower

Plans have been submitted for the development of a new 48-storey residential tower at the site of the former Irish Centre in Deritend.
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Insider Feature
Feature 1

Business Matters: Help us put the Midlands at the forefront of the energy from waste industry

As the world's population rises, the demand for energy is also growing significantly. At the same time, the issue of managing the waste caused by the population increase urgently needs to be addressed. Professor Martin Freer, director of the Energy Research Accelerator, explores the issues and the possible solutions.
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Deals

Bottle manufacturer restarts operations with six-figure backing

A specialist bottle manufacturer based in Birmingham has been able to resume its operations following lockdown with the support of a six-figure finance package from Lloyds Bank.
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DFS agrees Sofa Workshop sale

Listed furniture retailer DFS has agreed a deal to sell subsidiary Sofa Workshop to a counterpart.
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The Hut Group confirms flotation plans

The Hut Group has confirmed it is considering proceeding with a flotation in a move that, according to chief executive Matthew Moulding, reflects the achievements of the past and the company's belief in the "significant potential" for the future.
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Business

Revenue tops £2bn at gas supplier

Revenue has topped £2bn at the business behind a Coventry-based company which was spun-out of the National Grid.
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Sage chairman to step down next year

The chairman of listed business management software and services company Sage Group is set to step down next year after nine years at the helm.
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Property

Cabinet approves £17m Friargate funding boost

Funding worth £17m to support the development of a second office building at Coventry's Friargate scheme has been approved. The plans would help create 700 jobs.
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Detailed plans in for new office scheme

Detailed plans have been submitted for a new office scheme in Shropshire.
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Care company creating 100 jobs with office move

A Hereford care company is to create 100 jobs after moving into new offices.
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Developer acquires housing scheme site

Property agents Bond Wolfe Commercial has sold a 6.5-acre site with outline planning permission for 100 homes.
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New Look unveils CVA proposal

New Look has outlined a proposal to move the majority of its UK stores’ rent to a turnover basis as part of a company voluntary arrangement (CVA). The fashion retailer, which employs more than 11,000 workers in the UK, said the move was needed to reflect the market environment.
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Manufacturing

£5.4bn loss at Rolls-Royce

Rolls-Royce has reported a £5.4bn pre-tax loss for the first half of its financial year, with Covid-19 having an "unprecedented" impact on its civil aerospace division.
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Thornton & Ross’ parent records half-year turnover rise

Turnover has grown by 16 per cent in the half-year results for the parent company of pharmaceutical manufacturer Thornton & Ross which numbers Covonia, Savlon and Zoflora among its portolio.
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Member Exclusive News

The Cube brought to market

Property consultancy Lambert Smith Hampton and joint agent Fleurets have been appointed to find an investor purchaser for The Cube in Birmingham.
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Adventure Mini Golf set to open second site

The owner of Birmingham's Adventure Mini Golf complex at Star City is set to open a second site in Stoke-on-Trent as part a multimillion-pound extension to the city's Waterworld leisure complex.
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Upcoming Events

27 Aug

Insider Online Forum: Growth After Lockdown

2 Sep

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Insider Made in the Midlands Awards 2020

8 Oct

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4 Nov

Insider Midlands Dealmakers Awards 2020

Services & Guides

Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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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

The region's top hotels and accommodation.
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