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West Midlands
Friday 3 July 2020

Latest News

Top Story

Start of Coventry City of Culture 2021 pushed back

The start of Coventry’s year as UK City of Culture, which is expected to bring major economic benefits, has been pushed back because of the Covid-19 crisis.
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Insider Feature
Feature 1

Business Matters: Midlands companies embrace 3D printing during Covid-19

Esther Gottschalk and Philip Cupitt from Marks & Clerk LLP say 3D printing, expected to be a $35.6bn industry by 2024, has a significant role to play in the production of goods. This was the case before the current Covid-19 crisis, but is likely to continue in spite of it.
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Deals

Long-running marketing agency acquired in MBO

One of Staffordshire's longest running marketing companies has been acquired in a management buyout.
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Queen’s Award winner’s CEO almost doubles holdings in listed firm

The chief executive of a Queen's Award-winning commercial vehicle telematics provider has almost doubled his stake in a Birmingham company.
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Oil recycling and fuel company bought

An oil recycling and fuel company has been acquired by a Worcestershire company.
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Investment group lowers stake in Aston Martin

A European investment group, which also holds shares in the likes of Morgan Motor Company and Jacuzzi, has lowered its stake in Aston Martin.
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Adviser named for acquisition by South Africa group

The Birmingham office of Springboard Corporate Finance advised an engineering company on its acquisition by a South Africa listed business.
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CMA considers motorcycle insurer deal probe

The competition watchdog is considering investigating the acquisition of a specialist motorcycle insurance provider by a subsidiary of The Ardonagh Group.
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CBILS funding for pubco

Pub operator Red Oak Taverns, which has 180 pubs across the South, South West, North West and the Midlands, has secured a £2.6m injection from OakNorth Bank via the Coronavirus Business Interruption Loan Scheme (CBILS).
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Insider Feature
Feature 2

Business Matters: Do you have the right communications technology to work flexibly?

Duncan Ward, CEO of Network Telecom, looks at the technology to consider ahead of returning to the office and the benefits it will offer a post-lockdown workforce.
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Business

Wasps to miss covenants over £35m bonds

The company behind Premiership rugby side Wasps and the Ricoh Arena in Coventry is to not meet certain financial covenants under its £35m secured bonds due to the Covifd-19 pandemic, it has been revealed.
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1,900 jobs go as Casual Dining Group calls in administrators

Casual Dining Group, whose brands include Las Iguanas, Bella Italia and Café Rouge, has gone into administrations and made almost a third of its 6,000-strong workforce redundant.
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Contractors sought for £300m HS2 contract

HS2 Ltd has begun the search for specialist contractors to deliver the Overhead Catenary System (OCS) that will provide power to trains running on the high speed rail link between London, Birmingham and the north of England.
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Anthony Collins Solicitors partner takes role at counterpart

A partner in Anthony Collins Solicitors' Birmingham office has taken up a new role at a counterpart.
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New COO for Unity Trust Bank

Birmingham-headquartered Unity Trust Bank has appointed a new chief operating officer.
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Recruitment giant makes senior Midlands promotion

One of the world's largest recruitment groups has made a senior Midlands promotion.
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TISE group chairman to stand down

The group chairman of the International Stock Exchange (TISE) has announced plans to retire, with his successor also confirmed.
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Property

Landmark building tipped for flats transformation

A landmark building in Birmingham could be transformed into almost 80 apartments, according to new plans.
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Green light for major employment space plans

Plans for almost 150,000 sq ft of employment space in Staffordshire have been approved.
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Manufacturing

JLR launches subscription service backed by investment arm

Jaguar Land Rover has launched a subscription service backed by its investment arm, InMotion ventures.
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Manufacturing group launches ten-point plan

A group of manufacturing companies has launched a ten-point plan detailing the support the sector needs if it is to recover form the Covid-19 pandemic.
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Other News

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Member Exclusive News

Mercedes-Benz extends RAC deal by five years

Mercedes-Benz Cars UK has extended its roadside assistance deal with Walsall-headquartered RAC for a further five years.
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Fashion boutique set for old loans shop

A former loans shop on a Black Country high street is set to become a fashion boutique following a £205,000 property sale.
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