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West Midlands
Wednesday 22 July 2020

Latest News

Top Story

St Modwen makes £150m half-year loss

Property developer and investor St Modwen, which is headquartered in Birmingham, made a pre-tax loss of more than £150m during the first half of its current financial year because of the Covid-19 pandemic.
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Insider Feature
Feature 1

Business Matters: Redundancy and Covid-19 - five pitfalls to avoid

Lucy Twomey, HR and legal adviser at Make UK, says as businesses consider how to survive the economic impact of Covid-19, the stark reality is that, for many, redundancies are now unavoidable. Managing a redundancy procedure can be challenging in normal circumstances but Covid-19 has added new complexity.
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Deals

Tech start-up secures €1m investment

A Warwick-based technology start-up has secured an investment worth more than €1m.
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Secure Trust Bank hits £5bn lending milestone

The commercial finance arm of Secure Trust Bank has surpassed £5bn of invoices funded to British businesses.
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CMA to probe motorcycle insurance deal

The competition watchdog has launched a probe into the acquisition of a specialist motorcycle insurance provider.
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Covid lending schemes near £48bn mark

Almost £48bn has been provided to more than 1.1 million businesses so far through UK Government-backed coronavirus lending schemes, it has been revealed.
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Insider Feature
Feature 2

Business Matters: How will your SME accelerate its recovery and growth after lockdown?

Andy Moss from The FSE Group says as we slowly and cautiously ease out of lockdown and start to adjust to the "new normal", and what that looks like, The FSE Group is keen to ensure that Midlands based SMEs are aware of the funding options available to them, in order to support them during these uncertain times and to assist them in accelerating their growth post lockdown.
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Business

Listed law firm’s revenue jumps by more than 20 per cent

Revenue at listed law firm Knights jumped by more than £20m during its latest financial year, according to new figures.
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Midlands Asset Finance launches new division

Midlands Asset Finance has announced the creation of its new vehicle management and leasing division.
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Oliver Sweeney to close stores in ‘extremely tough’ move

Shoes retailer Oliver Sweeney is to close its five stores but continue to operate online after administrators were appointed.
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Alternative finance firm to be wound down

Growth Street is to wind down the business once its Resolution Event is complete. The company said the decision has been made by the board with the support of the executive team and major shareholders. 
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Property

Station transformation plans get £12m boost

Plans to transform a major railway station in Birmingham have received a £12m funding boost by the government.
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Coventry City reveal plans for new stadium

Coventry City FC have announced plans for a new stadium at the University of Warwick.
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Extension eyed for prominent office building

A prominent office building in Birmingham earmarked to be transformed into apartments could have two additional storeys added to it, according to new plans.
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Manufacturing

Results rise during food giant’s third quarter

Revenue and EBITDA at the company behind 2 Sisters Food Group increased during the third quarter of its financial year, new figures have revealed.
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BT joins W5G as lead tech partner

BT has announced it is working with the Worcestershire 5G Testbed (W5G) as lead technology partner.
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Other News

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

Member Exclusive News

New technical director for housebuilder

An independent housebuilder has appointed a new technical director.
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New framework place for IT firm

A Stafford-based IT support and services provider has been awarded a place on a framework valued at about £260m.
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