Today's West Midlands business news from Insider |
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West Midlands
Tuesday 7 April 2020

Latest News

Top Story

Shortlists for Made in the Midlands 2020 revealed

Insider’s annual celebration of Midlands manufacturing has marked its tenth anniversary with a record number of entries.
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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

Investment to support buy-and-build strategy at IT services firm

A managed IT services provider with offices in West Sussex, the West Midlands and London has secured private equity investment as it looks to expand its service capabilities through a buy-and-build strategy.
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IPOs “severely impacted” by oil prices and virus crisis

IPO activity has been "severely impacted" by the reduction in oil prices and the Covid-19 crisis, creating "the most turbulent market conditions since the financial crisis in 2008", according to EY.
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Funding boost for Ducati Manchester

Ducati Manchester, which has offices in Stoke-on-Trent and Worcester, has secured a funding boost to help it navigate the coronavirus pandemic.
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easyJet takes steps to safeguard short-term liquidity

easyJet has borrowed from the Covid Corporate Financing Facility and drawn down on its revolving credit facility in order to increase its liquidity in the event of a prolonged grounding of the fleet. 
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Business

West Brom’s CEO forfeits wage as furlough plans drawn up

The chief executive of West Bromwich Albion is to take a 100 per cent reduction in his wage during the Covid-19 pandemic. The Championship club are also preparing to furlough their non-playing staff.
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Gowling WLG appoints three new partners

Gowling WLG has appointed three new partners at its Birmingham office.
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Debenhams set to appoint administrators

Department store chain Debenhams has filed a notice of intent to appoint administrators.
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Revenue jumps as firm returns to the black

Revenue jumped at Burton-upon-Trent-based Northbridge Industrial Services during its latest financial year while it also returned to making a pre-tax profit.
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Sky Blues furlough all players and some full-time staff

Coventry City have furloughed all of their players and a number of full-time staff. The League One club added they will top up the salaries of those affected.
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Housing association signs £20m deal with Travis Perkins arm

A Walsall-headquartered housing association has signed a deal worth £20m with an arm of Travis Perkins.
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Pandemic hits UK new car market

The UK new car market slumped by 44.4 per cent in March, according to new figures.
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Harris Lamb reveals three promotions

Property consultancy Harris Lamb has announced three key promotions within its commercial agency, lease advisory and planning departments in Birmingham.
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Worcs CCC confirm furlough move

Worcestershire County Cricket Club have confirmed they have furloughed all but 15 of their staff.
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Property

New music venue earmarked for old cinema

Plans have been revealed to transform a former cinema in Coventry city centre into a new music venue.
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Almost £2m deal secured for residential site

A former car park earmarked for more than 40 apartments in Birmingham has been sold for almost £2m.
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Developer named for major apartments scheme

The developer who will lead the transformation of the former British Telecom building in Wolverhampton into apartments has been revealed.
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Land set for almost 40 homes sold

More than six acres earmarked for almost 40 new homes has been sold.
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FMB calls for additional construction firm support

The Federation of Master Builders (FMB) has called for more support to be given to UK construction firms following a steep decline in activity caused by Covid-19.
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Manufacturing

Rolls-Royce shares jump almost 20 per cent

Shares in Rolls-Royce jumped almost 20 per cent after it revealed a range of measures to cope with the Covid-19 pandemic including cutting the salary of its global workforce by 10 per cent in 2020. The executive team's pay will be reduced by 20 per cent for the rest of the year.
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Other News

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

Member Exclusive News

Engineering firm lends support to care workers

A Staffordshire engineering firm has stepped in to lend its support to the county’s army of care workers following an appeal last week.
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Consultancy appointed to framework

An ecology consultancy has been appointed onto a framework of suppliers to Severn Trent Water and Hafren Dyfrdwy.
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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

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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