Today's West Midlands business news from Insider |
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West Midlands
Thursday 11 June 2020

Latest News

Top Story

Tamden hits back at shareholder over pay row

A row has erupted between a major shareholder of Castle Bromwich-headquartered bike maker Tandem and its board over non-executive director pay over a ten-year period.
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Insider Feature
Feature 1

Business Matters: How megatrends can help fuel growth in a post-Covid-19 economic recovery

Is there potential to exceed benchmarks if companies focus on digital transformation, healthcare innovation and sustainability? Suhas Sainath, senior banker at J.P. Morgan Private Bank discusses the megatrends sweeping the globe.
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Deals

Former major shareholder further reduces Aston Martin stake

A former major shareholder in Aston Martin has reduced its holdings in the luxury car maker further.
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Portmeirion secures more than £10m

Stoke-on-Trent-headquartered listed homewares maker Portmeirion has raised more than £10m through a share placing. The listed company is also poised to secure a further £2m in funding.
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Investment firm sells more Purplebricks shares

A London investment company has reduced its stake in Solihull-headquartered Purplebricks.
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Monsoon Accessorize sold in pre-pack rescue deal

Fashion and accessories retailer Monsoon Accessorize has been sold out of administration in a move that has saved 450 jobs, although 35 stores have been closed and more than 500 staff have been made redundant.
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Acquisition for business software firm with HSBC backing

A business software provider has expanded with its biggest acquisition to date, supported by funding from HSBC UK.
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Intelligent Business Partners records highest activity levels for a year

Intelligent Business Partners has reported its highest level of activity in a year with the market bouncing back following the Covid-19 outbreak.
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Business

Senior director hire for St Modwen

Birmingham-headquartered St Modwen has hired a former Legal & General and CALA Homes executive to a top position.
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Commonwealth Games licences and rights up for grabs

West Midlands businesses are being invited to take part in the process of acquiring licensing and merchandising rights to produce and sell official Birmingham 2022-branded products in the run up to the Commonwealth Games.
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Sales soar at B&M

Sales have soared past the £3.8bn mark at B&M, with profits also hitting £250m. However, chief executive Simon Arora noted that any progress made during the period has been 'overtaken by recent events'.
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Top appointment for Opus Land

Henley-in-Arden-headquartered Opus Land has announced a senior addition to its team.
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Property

Major extension planned for hotel

A four-storey extension for a Birmingham hotel has been planned.
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Apartments bid for Birmingham building

A bid to transform a four-storey building into Birmingham into apartments has been submitted.
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Contractor completes £2.2m university project

A fit-out and refurbishment specialist contractor has completed the £2.2m conversion and refurbishment of a former sports centre at the University of Warwick.
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Major hospital parking plans tipped for thumbs up

Proposals to transform farmland into more than 1,600 new car parking spaces for University Hospital, Coventry, has been recommended for approval.
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Pets at Home and Network Rail agree new lease deals

Pets at Home and Network Rail have signed deals for major distribution space in Stoke-on-Trent and Birmingham respectively.
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Plans in for new bar and bistro at town hall

A new bar and bistro could be opened at Dudley Town Hall, according to newly submitted plans.
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Manufacturing

Turnover passes £150m at historic manufacturer

Turnover passed the £150m mark at a historic Queen's Award-winning tube manufacturer in Coventry during its latest financial year, new documents have revealed.
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Churchill China starting to see first signs of improvement

Stoke-on-Trent-headquartered Churchill China is "now beginning to see the first signs of an improvement in trading" after the Covid-19 pandemic hit production. The company also confirmed reports that it had drawn up plans to reduce its workforce.
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Other News

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

Member Exclusive News

DIY chain to launch new outlet

A DIY and home improvement chain is set to launch a new outlet in Birmingham as it continues its UK expansion.
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Company extends stay at business park

A company which works in the aerospace, rail, space, defence, medical, energy and automotive industries has extended its lease at a Worcester business park.
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Upcoming Events

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The Future of Manufacturing after Lockdown Online Forum 2020

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Midlands: Leadership After Lockdown Online Forum 2020

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