Today's West Midlands business news from Insider |
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West Midlands
Thursday 16 July 2020

Latest News

Top Story

Purplebricks sells Canada division for £35m

Solihull-headquartered Purplebricks has completed the sale of its Canadian business for about £35m. The move comes after the listed company has worked to "refocus" itself on its core UK market over the last 14 months.
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Insider Feature
Feature 1

Business Matters: Office safety after lockdown

Lucy Cheatham, head of marketing at HIVE360, looks at how offices will need to prepare after lockdown.
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Deals

Nursery group secures six-figure CBILS support

A nursery group with sites across the West Midlands has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank.
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Job losses and site closures as Bistrot Pierre sold in pre-pack deal

Private equity-backed Bistrot Pierre has been sold out of administration in a pre-packed deal, preserving 682 jobs. However, 123 redundancies have been made and six of its restaurants will close.
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Sumo Group raises £14m to support M&A activity

Listed video game developer Sumo Group, which has a base in Warwickshire, has raised almost £14m through a placing to take advantage of further M&A opportunities.
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Two more lenders accredited to coronavirus business loan schemes

Two new lenders have been accredited to the British Business Bank's coronavirus business loan schemes.
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Insider Feature
Feature 2

Talking Point: Encore-managed block among first in the country to benefit from ACM Cladding Remediation Fund

Tom Hopson, associate director of Encore Estate Mangement, talks about the importance of the removal and replacement of ACM cladding and the government's new Building Safety Programme.
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Business

Severn Trent braced for revenue fall as Covid-19 bites

Coventry-headquartered Severn Trent is expecting a hit of up to £85m to its revenue because of the Covid-19 pandemic.
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Buzz Bingo to close clubs after pandemic hit

The company behind the Buzz Bingo chain – formerly Gala Bingo – has confirmed that 26 of its clubs will not be reopened after being shut because of the Covid-19 lockdown. The business has said the move could potentially lead to about 573 job losses.
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Council’s spending passes £200m mark

Coventry City Council's capital spending surged to more than £200m over the last year which included an acquisition and significant construction projects.
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Job losses eyed by cultural venue

Possible redundancies have been announced by a commercial venture between Birmingham Repertory Theatre and the Library of Birmingham.
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HS2 Ltd appoints new board members

The company overseeing HS2 has added three new board members.
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Property

Transformation plan for old school site given thumbs up

Permission has been granted to redevelop a former high school site into almost 120 apartments and town houses.
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Apartments plans for industrial site approved

Proposals to knock down two industrial buildings in a Warwickshire town and create new apartments have been voted through.
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Go-ahead tipped for more than 40 homes

A bid to construct more than 40 new homes in Stoke-on-Trent has been recommended for approval.
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Expansion plans revealed for hotel

A Solihull hotel set in an 18th century house is seeking permission to expand.
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New flats earmarked for former snooker hall

A former snooker hall in Stoke-on-Trent could be converted and extended to form more than 20 studio apartments, according to new plans.
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Refusal expected for new flats scheme

Proposals for more than 50 apartments in Walsall have been recommended for refusal.
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Former bakery’s transformation to move forward

A project to transform a derelict former bakery site in Walsall into 88 new homes is to move forward after a funding deal was agreed.
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Manufacturing

Engineering tech firm hires new commercial director

A new commercial director has joined a Warwickshire advanced engineering technologies company.
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Norway win for anti-terrorist bollards maker

A designer and manufacturer of anti-terrorist bollards based in Coventry has won a contract for a major government project to protect key infrastructure in Norway from vehicle attacks.
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Other News

First quarter revenue fall for Experian

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

Printing firm relocates to new base

A Redditch printing company has moved to a new base after it was told to leave its old premises.
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Tofu maker reveals expansion plans

A Birmingham tofu maker has announced is expansion into a new factory and warehouse.
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