Today's West Midlands business news from Insider |
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West Midlands
Monday 6 April 2020

Latest News

Top Story

Property giant’s turnover surges almost £70m

Turnover jumped by almost £70m at the Birmingham-headquartered property investor and developer behind major schemes in the city during its latest financial year, new documents have revealed. Its pre-tax profits also nearly tripled.
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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

NHS app maker eyeing £500,000 funding target

A Warwickshire company whose app is replacing pagers in NHS hospitals is seeking to raise £500,000 to expand further.
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Investment firm’s move for historic automotive company named Deal of the Month

A move which saw the Birmingham company behind an automotive business that can trace its roots back to 1877 acquired by an investment firm has been named Insider's Deal of the Month for March.
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Mercia raises £38.2m through recently acquired funds

Warwickshire-headquartered Mercia Asset Management has raise £38.2m through a number of funds it acquired from a private equity firm earlier this year.
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Business

Dignity CEO leaves with immediate effect

The chief executive of Sutton Coldfield-headquartered funerals company Dignity has left with immediate effect.
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Retailers hit by coronavirus shutdown

Department store chain Debenhams is reportedly on the verge of entering administration with the ongoing coronavirus crisis also hitting other retailers.
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Warriors to furlough majority of players and staff

The majority of Worcester Warriors' players and staff are set to be furloughed, the Premiership club have confirmed.
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Edgbaston to become NHS staff testing centre

Edgbaston Stadium is to be used as a drive-thru Covid-19 testing station for NHS staff.
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New CEO named at alternative lender

A new chief executive has been appointed at Wolverhampton-based BCRS Business Loans. The company has also hailed a record year of lending.
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Specialist lab wins contracts and extends workforce

A specialist laboratory in Coventry which has won new contracts and extended its workforce after investing in a state-of-the-art instrument is planning to target more world-wide business.
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Government reveals new £20m fund for R&D businesses

The government has unveiled a new £20m fund for R&D businesses designed to help build UK resilience following the coronavirus outbreak.
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Property

More than 50 new flats eyed for major regeneration scheme

More than 50 apartments could be created at St Modwen's 'Longridge Town Centre' development, according to new plans.
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Mixed-use city centre scheme approved

A bid to create student apartments and retail space in Wolverhampton city centre has been approved.
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Manufacturing

JLR extends Covid-19 shutdown

Jaguar Land Rover has extended the shutdown of its UK factories because of the Covid-19 pandemic.
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Pre-tax profits jump at flat pack furniture maker

Pre-tax profits jumped at an importer and wholesaler of flat pack furniture in Wolverhampton during its latest financial year.
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Firm supplies protective face visors to NHS

A Coventry company has devised, designed and supplied a new protective face visor for the NHS – with 10,000 units dispatched within seven days.
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Rolls-Royce cuts workforce pay over pandemic

Rolls-Royce is to cut the salary of its global workforce by 10 per cent in 2020 in response to the Covid-19 pandemic. The executive team's pay will be reduced by 20 per cent for the rest of the year. It has also drawn fully on its £2.5bn revolving credit facility, increasing its current gross cash balance to £5.2bn.
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Other News

Shoe Zone furloughs majority of workforce

ITV outlines latest coronavirus measures

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Member Exclusive News

University donates protective equipment

Birmingham City University has donated more than 1,000 items of protective equipment to frontline staff supporting the battle against coronavirus.
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Environmental consultancy moves to larger base

A Warwickshire environmental consultancy has moved into larger premises.
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