Today's West Midlands business news from Insider |
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West Midlands
Friday 23 October 2020

Latest News

Top Story

Royal carpet maker agrees acquisition war chest

A US multinational corporation has committed to invest £218m in Worcestershire-based royal carpet maker Victoria to support its acquisition drive. The listed business will also have an option to secure a further £100m.
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Insider Feature
Feature 1

Business Matters: The value of having a US patent

Simon Cooper, patent attorney at Adamson Jones IP Ltd, says the US is home to many of the most innovative companies in the world, which invest heavily in research and development, as well as associated patent protection. This makes patents a key consideration for the US.
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Deals

MBO completed at recruitment company

A Worcester recruitment company for the finance and accounting sector has completed a management buyout (MBO).
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US investor sells significant stake in property firm

A US investment firm has sold its entire stake, which stood at almost 15 per cent, in a Birmingham property company.
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McCarthy & Stone lined up for £630m takeover

Terms have been agreed on a recommended takeover offer for McCarthy & Stone which values the retirement community developer at £630m.
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Countrywide secures £90m boost

Countrywide, the estate agency group behind the likes of Entwistle Green and Sutton Kersh, has secured a £90m injection as part of a recapitalisation.
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CMA raises concerns over viagogo and Stubhub merger

The Competition and Markets Authority (CMA) has raised concerns over the proposed merger of ticket exchange companies viagogo and Stubhub.
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Insider Feature
Feature 2

Business Matters: The tech sector - Driving the West Midlands’ economic recovery

David Hardman, managing director, Bruntwood SciTech – Birmingham, explores this alongside what technology businesses need from their workspace.
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Business

Catering equipment supplier eyes £2m sales boost

A Staffordshire-headquartered supplier of commercial catering, laundry and refrigeration equipment has said it expects its turnover to rise by £2m during its current financial year.
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Coventry Building Society’s CFO to leave board

The chief financial officer of Coventry Building Society is to resign from the board at the end of next month.
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Business leaders react to expansion of winter support schemes

Business leaders from across the UK have reacted to the additional financial support for workers and businesses announced by Chancellor Rishi Sunak.
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Property

Approval granted for 35-storey tower

Proposals to construct a 35-storey apartment tower and a new hotel in Birmingham city centre have been approved.
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Wasps secure go-ahead for new training base

Coventry-based premiership rugby club Wasps have secured permission to build a new training complex in Henley-in-Arden.
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Plans in for almost 160 houses

Plans have been submitted for almost 160 new homes in Stoke-on-Trent.
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University formally opens £45m building

A £45m School of Architecture and Built Environment has been formally opened at the University of Wolverhampton.
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Apartments planned for old pub site

Proposals to demolish a vacant pub in Wolverhampton and the construction of 33 apartments have been submitted.
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Manufacturing

Jaguar Land Rover enters research trials

Jaguar Land Rover is taking part in research trials to test the capability of advanced lightweight metals and composites to be used in future vehicles.
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Olympic torch maker to be liquidated

The Warwickshire company which made the 2012 London Olympic torch is set to go into liquidation after entering administration last month.
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British manufacturers prepared for Brexit – report

Britain’s largest manufacturers have said that they are prepared for life outside the European Union as the end of the transition period in December edges closer, according to a new report from Lloyds Bank.
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Other News

NEW Midlands Top 500 Companies Database - Preorder today and get the Early Bird Offer

Member Exclusive News

Wesleyan appoints new board member

Birmingham-based Wesleyan, the specialist financial services mutual for doctors, dentists, lawyers and teachers, has appointed a former group finance director for LV= to its board.
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Aldi opens 900th UK store

Aldi, which has its UK headquarters in Warwickshire, has opened its 900th store in the country.
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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

Best Places to Stay

The region's top hotels and accommodation.
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