Today's West Midlands business news from Insider |
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West Midlands
Monday 4 May 2020

Latest News

Top Story

Plans revealed for 48-storey apartment tower

Plans for a 48-storey residential tower on the site of a former Irish centre in Birmingham have been unveiled.
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Insider Feature
Feature 1

Ask the expert: How to effectively manage businesses working remotely in the time of coronavirus

With people across the world remote working, Dr Yanguo Jing, associate dean at Coventry Business School, looks at how to do so effectively.
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Deals

Retail services provider snaps up marketing agency

A Stoke-on-Trent-headquartered retail services provider has acquired a marketing agency.
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Investment firm almost doubles stake in video game maker

A London-based investment firm has almost doubled its stake in Warwickshire-headquartered video game maker Codemasters.
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Kitchen worktop maker protects jobs and cashflow with bank backing

A Worcestershire-based specialist kitchen worktop manufacturer has been able to protect jobs and bolster its cashflow position during lockdown after receiving financial backing from Lloyds Bank.
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Talks over potential merger of car retail giants halted

"Early discussions" over a potential merger of two listed car retail giants have been halted.
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John Lewis eligible for Covid Corporate Financing Facility of up to £300m

John Lewis has received confirmation that it is eligible to access up to £300m of funding under the Treasury and Bank of England's Covid Corporate Financing Facility.
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US investment firm takes Intu stake

A US investment firm has taken a stake in shopping centre giant Intu.
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Business

Midlands profit warnings spike

Profit warnings issued by Midlands-listed businesses reached a record-breaking high in the first three months of 2020 - higher than any previous quarter in the last 20 years, according to new figures.
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Major transport software contract handed to global firm

Transport for West Midlands has awarded a major contract to global technology company Chordant Inc to create a software platform to accelerate research and development in transport.
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Law firm announces senior promotions

Law firm Sydney Mitchell has announced a number of senior promotions.
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Ryanair to cut 3,000 jobs

Budget airline Ryanair has said that up to 3,000 jobs could be lost as a result of its restructuring and job loss program, set to commence from July 2020.
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Council appoints Commonwealth Games lead

A new programme director has been appointed by Birmingham City Council to head-up its involvement in the planning, preparation and delivery of the Birmingham 2022 Commonwealth Games.
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Law firm hires new partner

A Hereford law firm has announced the appointment of a new partner.
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High street law firms under immediate threat - report

Cashflow pressures and reduced fee income has put many small law firms at risk of collapse, the Law Society of England and Wales has warned.
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Property

Plans which could support 1,000 jobs approved

Proposals to extend a Worcestershire industrial park and create 1,000 full-time jobs have been voted through.
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Green light for almost 40 new homes

Almost 40 new properties are to be constructed in a Worcestershire town after the go-ahead was granted.
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Affordable town centre flats voted through

Permission has been granted for almost 30 affordable apartments to be built in Evesham town centre.
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Environmental accolade for HS2 station

The new HS2 station, to be built near Solihull and the NEC in the West Midlands; has become the first railway station globally to achieve the BREEAM 'outstanding' certification.
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Manufacturing

£1.5m boost for very light rail project

The Coventry Very Light Rail project has been awarded £1.5m to investigate how to create a low cost trackform for the carriages already in development.
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Rolls-Royce could cut up to 8,000 jobs - reports

Up to 8,000 jobs could be lost at Rolls-Royce after aircraft makers slashed production during the Covid-19 pandemic, according to reports.
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Directors “optimistic” after “satisfactory” year

The parent company of a Coventry-based meat packing business has hailed its performance during the group's latest financial year with directors "optimistic" for the future.
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Engine production slumps 40 per cent

The production of vehicle engines in the UK slumped 40 per cent in March, new figures have confirmed.
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Other News

BAE Systems completes $275m takeover

BIDs set for funding boost

Hotel Chocolat ‘encouraged by resilience’

Funding boost safeguards GB-NI air services

McDonald’s reveals date of partial reopening

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

Member Exclusive News

Severn Trent appoints new board member

Coventry-headquartered Severn Trent has appointed a new board member.
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New orders secured by Northbridge

New orders have been received by Burton-upon-Trent-based Northbridge Industrial Services during the lockdown period.
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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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