Today's West Midlands business news from Insider |
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West Midlands
Wednesday 13 May 2020

Latest News

Top Story

Stroll upbeat despite pandemic hitting Aston Martin

Pre-tax losses widened by more than £100m as revenue reversed 60 per cent at Aston Martin during the first quarter of its financial year. But executive chairman Lawrence Stroll said short-term difficulties had been anticipated due to the onset of Covid-19 but, having been in the business for a few weeks, "he was even more enthusiastic and confident in the multi-year plan" in place.
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Insider Feature
Feature 1

Business Matters: Office safety after lockdown

Lucy Cheatham, head of marketing at HIVE360, looks at how offices will need to prepare after lockdown.
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Deals

Training group acquires counterpart

A training group with sites across the West Midlands has acquired a Walsall counterpart.
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Linen cleaning company acquired by international group

A linen cleaning company in Birmingham has been acquired by a counterpart which operates across Europe and Latin America.
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MBO at biscuits and bakery products supplier named Deal of the Month

A move which saw a sourcer and supplier of biscuits and bakery products based in Coventry complete a management buyout has been named Insider's Deal of the Month for April.
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Government lending schemes near £15bn milestone

The three major government-backed lending schemes have provided almost £15bn to more than 304,000 businesses so far, according to new figures.
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Insider Feature
Feature 2

Business Matters: How strategic thinking on VAT could improve your cash flow

Terri Bruce, the new director of indirect tax for SMEs and not for profits at Dains, highlights how strategic thinking around VAT could improve your cash flow.
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Business

Midlands avoids deluge of insolvencies

The Midlands avoided a deluge of corporate insolvencies in the first month of the Covid-19 pandemic, figures from KPMG have revealed.
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Flybe unsecured creditors estimated at almost £320m

Unsecured creditor claims of nearly £320m have been estimated following the collapse of Flybe, a new report into the administration of the regional airline has revealed.
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Used car market declines in Q1

The UK’s used car market declined by 8.3 per cent in the first quarter of 2020, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Haven further extends holiday park closures

Haven's holiday parks will remain closed until at least 2 July, the company has confirmed.
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Insider Feature
Feature 3

Business Matters: Inheritance tax reform

John Grundy, a partner at Mills & Reeve, says although few of us are thinking longer term right now the coronavirus pandemic is likely to result in higher taxes in the future. For those with surplus funds now may be the best time to consider passing on wealth for the benefit of the next and future generations.
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Property

Go-ahead for revised and expanded Digbeth flats scheme

Revised and expanded plans for a mothballed residential development in the Digbeth area of Birmingham have been approved.
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Job-creating care home plans tipped for refusal

A bid to construct a 70-bed care home in Worcestershire has been recommended for refusal.
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Taylor Wimpey to start phased sales centre reopening

Taylor Wimpey is to start a phased reopening of its sales centres and show homes on the back on government advice.  
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Manufacturing

Turnover tops £150m at LEVC owner

Turnover topped £150m at the parent company of the Warwickshire business famous for its London black taxis, new documents have confirmed.
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JCB stands down ventilator housing production lines

JCB has stood down production lines which had been ready to produce thousands of special housings for a new type of ventilator to help in the fight against the Covid-19 pandemic.
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Foundary creates new jobs after orders spike

A Black Country foundry is creating ten new jobs to supply increased orders for critical components destined for the NHS, the MoD and Homeland Security in the US.
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Other News

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Member Exclusive News

Firm continues to back Brewers

A caravan and motorhome company has agreed to continue its partnership with Burton Albion.
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National Windscreens makes senior hire

Tamworth-based National Windscreens has appointed a new commercial and service director.
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