Today's West Midlands business news from Insider |
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West Midlands
Wednesday 29 July 2020

Latest News

Top Story

Shortlists for Midlands Dealmakers Awards revealed

More than 90 names have made it to the shortlists of this year’s Midlands Dealmaker Awards, in what has been one of the most competitive set of nominations in years.
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Insider Feature
Feature 1

Business Matters: Help us put the Midlands at the forefront of the energy from waste industry

As the world's population rises, the demand for energy is also growing significantly. At the same time, the issue of managing the waste caused by the population increase urgently needs to be addressed. Professor Martin Freer, director of the Energy Research Accelerator, explores the issues and the possible solutions.
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Deals

More than £49bn approved under Covid-19 loan schemes

Loans totalling more than £49bn have been approved through the UK Government's three Covid-19 schemes for in excess of 1.17 million businesses, new figures have revealed.
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Gresham Technologies completes takeover of Solihull firm

Software and services specialist Gresham Technologies has completed the acquisition of a Solihull-based counterpart in a deal worth up to £3.6m.
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Six-figure boost for luxury hair and beauty salon

A Warwickshire-based luxury hair and beauty salon received a six-figure loan to help it through the Covid-19 lockdown, it has been revealed.
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Business

Airline collapses and pandemic hit Birmingham Airport

The impact of Thomas Cook and Flybe's collapse and the Covid-19 pandemic has hit the financial performance of Birmingham Airport, new accounts have revealed.
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Future of funding under scrutiny at Insider’s Online Forum

At a time when the nation potentially faces its biggest economic turbulence for decades, business leaders are rightly looking for answers when it comes to how they can continue to fund and grow their businesses.
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Next makes profits forecast as first half sales drop

Retail giant Next has said it now estimates it will make a pre-tax profit of almost £200m after the Covid-19 pandemic significantly hit the business during the first half of its financial year.
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600 jobs at risk at LV= General Insurance

LV= General Insurance has outlined plans to cut about 600 jobs over the next two and a half years as it looks to re-shape following a major acquisition and position itself for the future.
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UK Government enters vaccine agreement with GSK and Sanofi

The UK Government has agreed a deal to secure early access to a promising new coronavirus vaccine. The agreement with GSK and Sanofi Pasteur increases the country's chances of getting access to a safe and effective vaccine by adding a new type of candidate to the UK's growing portfolio.
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B&M anticipating strong performance

Discount retailer B&M is set to report a strong half-year performance.
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Selfridges to cut 450 jobs

Luxury retailer Selfridges has outlined plans to cut about 450 jobs as it looks to navigate what is expected to be the "toughest year" in recent history.
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Refrigeration and cold storage project gets £1.2m boost

A new, more sustainable, way of delivering refrigeration and cold storage using carbon dioxide is being developed in a programme led by researchers at the University of Birmingham.
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Property

Approval for up to 200 new homes

Proposals to construct up to 200 homes in Staffordshire have been approved.
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Second council backs revised power station plans

A second council has approved revised plans to create up to 2,300 homes and new jobs on the site of a former power station in Staffordshire.
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Company expands to larger base after recent success

A Birmingham company has expanded into larger offices due to the success of the business during the Covid-19 pandemic.
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Bid for almost £50m to transform city and town centres to be submitted

A final bid for almost £50m to transform Wolverhampton city centre, Bilston and Wednesfield is to be submitted.
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Uni hires architects to transform building

The University of Worcester has appointed Birmingham-based architects Glancy Nicholls to create a new teaching facility in the city.
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£1.2m refurbishment scheme starts

Work on the £1.2m refurbishment of a landmark office building in Dudley is underway.
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£4bn-turnover company takes Fort Dunlop space

A £4bn-turnover company has moved into Birmingham’s Fort Dunlop after signing a ten-year lease.
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Manufacturing

Revenue reverses as Aston Martin’s losses driven up

Revenue slumped by more than 60 per cent at Aston Martin during the first six months of the year with pre-tax losses rising to in excess of £220m. The results were affected by the Covid-19 lockdown.
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New CEO named for Jaguar Land Rover

The new chief executive of Jaguar Land Rover has been named, succeeding the long-serving Ralf Speth.
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Automation company hails “successful” financial year

A Coventry automation company which works with the likes of Jaguar Land Rover, Ford and Aston Martin has hailed it latest financial year as "successful", with its results rising.
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Breedon’s recovery “well underway” after first-half decline

Pre-tax profits slumped 126 per cent at construction materials giant Breedon during the first half of its financial year because of the Covid-19 pandemic. It added however that its recover is "well underway" and its outlook "remains positive".
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Other News

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

Member Exclusive News

New director hired by Purplebricks

Solihull-headquartered Purplebricks has announced the appointment of a new director.
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Five-year deal signed for Black Country offices

A Black Country office block has been let to a facilities management specialist.
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Upcoming Events

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Insider Online Forum: Future of Funding

6 Aug

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1 Oct

Insider Made in the Midlands Awards 2020

8 Oct

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4 Nov

Insider Midlands Dealmakers Awards 2020

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