Today's West Midlands business news from Insider |
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West Midlands
Wednesday 1 April 2020

Latest News

Top Story

Severn Trent “robust” after £200m boost

Severn Trent is in "robust financial position" after securing a £200m boost. The Coventry-headquartered utilities giant added that its performance has reported "no material change" since its latest update at the end of January.
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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

Pension schemes buy-in secured by listed manufacturer

Walsall manufacturing group Castings has announced a bulk annuity insurance buy-in of its two final salary pension schemes with Aviva Life & Pensions.
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CMA clears betting company deal

The Competition and Markets Authority (CMA) has cleared the proposed merger of the company behind Paddy Power and the owner of Sky Bet.
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Sage completes sale of Brazilian business

Technology company The Sage Group has completed the sale of its Brazilian business.
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Comments invited on Future undertakings

A public consultation has been opened on the undertakings offered by Future to remedy competition concerns in its proposed £140m acquisition of TI Media.
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Business

Turnover surges at Wolves owner

Turnover jumped by more than 30 per cent at the Chinese owner of Premier League side Wolverhampton Wanderers during its latest financial year, new figures have revealed.
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Coronavirus leads to highest grocery sales ever recorded - report

The public's response to the coronavirus crisis has led to March being the biggest month for grocery sales ever recorded, according to the latest grocery market share figures from Kantar.
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Turnover surges at Poundstretcher parent but losses widen

Turnover surged past the £400m mark at the company behind discount national retailer Poundstretcher during its latest financial year, but its pre-tax losses widened to almost £10m, new accounts have revealed.
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Banks to cancel dividends to help fight against Covid-19

Some of the UK’s largest banks have announced plans to cancel dividend payments in response to a request from the Bank of England through the Prudential Regulation Authority. The move is designed to free up capital to help tackle the Covid-19 crisis.
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Tramk8 executive director resigns

The executive director of listed telematics and data supplier to global markets Trakm8 has resigned.
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Business confidence slumps in face of pandemic

Business confidence slumped to 3 and 9 per cent in the East and West Midlands respectively following the outbreak of the coronavirus pandemic, according to new figures.
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The Gym Group partners with fitness app

The Gym Group, which has almost 180 24/7 facilities across the UK, has launched a new on-demand product for its members through a partnership with a fitness app.
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Property

New date for Midlands property awards

A new date for Insider’s annual celebration of the Midlands residential property sector has been announced.
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Landmark offices fully let after new deal agreed

A landmark office building in Birmingham is now fully occupied after a deal was agreed with a financial services software provider.
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Revised £7m Wetherspoon plans approved

Revised £7m plans by Wetherspoon to transform one of its pubs in Wolverhampton have been approved.
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Former home of historic firm snapped up

The former home of a Birmingham engineering firm has been sold to a London investor.
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Big Yellow secures new debt facility

Self-storage giant Big Yellow has completed a seven-year debt facility with Aviva worth £35m.
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Manufacturing

Results grow at internal partitioning maker

Turnover and profits have grown at a Black Country-headquartered internal partitioning manufacturer, new accounts have revealed.
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GKN owner takes “very significant action” over Covid-19

The Birmingham-headquartered owner of historic engineering giant GKN has taken "very significant action to mitigate the effect" of the coronavirus pandemic.
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Family-run cardboard box maker rebrands after sale

A family-run cardboard box maker in Birmingham, which works with the likes of Tesco, Asda and Morrisons, has rebranded. The move follows its acquisition by a German packaging giant towards the end of 2019.
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INEOS begins production at new hand sanitiser plant

INEOS Group has hit its ten-day target to build a hand sanitiser plant near Middlesbrough and has started producing one million units a month to help in the battle against coronavirus.
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Other News

Virgin Money suspends job cut and branch closure programme

Nissan Design Europe appoints new vice president

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

Member Exclusive News

Former MP hired to lead new cluster project

A former MP has been appointed by a local enterprise partnership to head up the development of a new West Midlands Health Tech Cluster.
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Principle hires new property manager

A property manager with more than 35 years’ experience has been recruited by Birmingham-headquartered Principle Estate Management to look after a new client’s large portfolio.
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Upcoming Events

3 Sep

Insider Made in the Midlands Awards 2020

10 Sep

East Midlands Property Dinner 2020

17 Sep

Insider Midlands Dealmakers Awards 2020

8 Oct

Insider East Midlands Dealmakers Awards 2020

12 Nov

Insider West Midlands Property Awards 2020

Services & Guides

Corporate Finance Directory

Corporate Finance Directory

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Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

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