Today's West Midlands business news from Insider |
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West Midlands
Thursday 21 May 2020

Latest News

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Revenue and profits set to surge at listed law firm

Listed law firm Knights expects its revenue and pre-tax profits to surge about 40 per cent when it unveils its full-year results.
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Insider Feature
Feature 1

Business Matters: Relighting the economy with heat

In this blog, Professor Martin Freer, director of the Energy Research Accelerator and the Birmingham Energy Institute, suggests that one of the ways we can both restart the economy and fight climate change is by focusing on decarbonisation of heat.
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Deals

US investment giant buys into historic ceramics maker

A US-based investment giant has taken a stake in Stoke-on-Trent-headquartered ceramics maker which can trace its roots back to the late 1700s.
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More than £800,000 raised by medical app firm

More than £800,000 has been raised by a company whose app is replacing pagers in NHS hospitals after its extended crowdfunding campaign came to an end.
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New lenders approved under CBILS

The British Business Bank has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Mills & Reeve team advises on international deal

A team of corporate and commercial corporate specialists in the Birmingham office at Mills & Reeve has helpt to complete an international deal.
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Buyout marks new era for Trade Mark Owners Association

The 130-year-old Trade Mark Owners Association has relaunched following an investor-backed management buyout.
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Eddie Stobart brand sold for £10m

The Eddie Stobart and Stobart trademarks and designs have been sold to Eddie Stobart Logistics for £10m.
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Insider Feature
Feature 2

Ask the expert: Can a temperature screening system help with staff and customer confidence?

Gary Harmer, sales director at Hikvision UK & Ireland, says innovative technological approaches like temperature screening will be crucial in enhancing confidence in workplace and public safety – but potential users need to be aware of issues around their implementation, and realistic in their expectations about performance.
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Business

Pre-tax profits continue to slide at Boots

Pre-tax profits dropped by more than £180m at Boots UK during its latest financial year, new documents have revealed.
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Lending balance soars at Secure Trust

Lending balance at Secure Trust Bank Commercial Finance increased past the £250m mark during its latest financial year.
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Pandemic hits Pendragon’s Q1 earnings

Pre-tax profits have taken a £10m hit at listed car retail giant Pendragon during the first quarter of the year because of the Covid-19 pandemic. But chief executive Bill Berman said mitigating actions taken meant he was confident the business "will emerge in a strong position as the current restrictions ease".
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Pets at Home revenues pass £1bn but caution remains

Pets at Home's group revenues have passed £1bn for the first time while pre-tax profits have soared. However, the company noted that almost all of the demand witnessed in the closing weeks of the year has unwound.
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Property

Plans in for new Birmingham railway station

Plans have been submitted for a new railway station to be opened in south Birmingham.
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Queen’s Award winner starts work on £10.5m investment

A Queen's Award-winning company which manufactures custom prototypes and on-demand production parts has begun work on a £10.5m investment that will increase its 3D printing capability by 50 per cent.
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University’s innovation support centre approved

Staffordshire University's plans to create a centre to work alongside local businesses to provide innovation support to the ceramics industry and other manufacturing areas have been approved.
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Pub earmarked for mixed-use transformation

A Birmingham pub could be transformed into retail units and apartments, according to new proposals.
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Refusal for 70-bed care home plan

A plan to build a 70-bed care home in Worcestershire has been voted down.
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Letting secures for new offices ahead of completion

An office development in the Jewellery Quarter in Birmingham has been let before it has been completed to a company which helped to secure the 2022 Commonwealth Games.
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Manufacturing

Sales surge for specialised JLR division

Sales at Jaguar Land Rover’s Special Vehicle Operations division surged 64 per cent during its latest financial year, new figures have shown.
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Steady results for adjustable bed maker

A Kingswinford adjustable bed manufacturer has reported a steady set of results for its latest financial year.
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Turnover and profits rise at dumper truck firm

Turnover and pre-tax profits rose at Warwickshire-headquartered dumper truck maker Thwaites during its latest financial year, according to newly filed documents.
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Other News

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Member Exclusive News

Clarke Willmott makes senior Birmingham promotion

Law firm Clarke Willmott has announced a senior promotion at its Birmingham office.
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New head of sales for telecoms systems firm

A Bromsgrove-headquartered business telecoms systems firm has announced the appointment of a new head of sales.
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