Today's West Midlands business news from Insider |
| CMA raises concerns on property search services deal | The £91.5m acquisition of property search and conveyancing services provider TM Group could lead to a worse deal for homeowners, the Competition and Markets Authority (CMA) has provisionally found. The watchdog believes that the only effective way to address the issues it has identified would be for the company to be sold to a suitable buyer.
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| Business Matters: Businesses feeling the pinch | Fiona Holloway, associate partner at Claritas Tax, says it's no secret that millions of us are feeling the pinch at the moment. With sky high inflation rates, rising costs and interest rates and stellar energy bills, not to mention tax increases and the freezing of allowances which research predicts will bring over 1.2m people into higher rates of tax, surely we can rely on great trading conditions to steer us round from a now widely-predicted recession.
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| Business Matters: Exploiting your IP overseas | Nic Ferrar from Adamson Jones says there are many benefits to expanding your business to overseas markets – capturing a greater market share, increasing profitability, and growth being the main ones. In the current economic climate, innovation is key if UK manufacturers are to add value to their products to avoid competing solely on cost with goods manufactured elsewhere in the world.
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| Sales Geek launches new office | Lancashire-headquartered Sales Geek has opened a new office in Coventry headed by an experienced sales director to help businesses in the city and Warwickshire improve their sales.
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| Clearwater International launches new division | Mid-market corporate finance house Clearwater International has launched a new division which it believes could unlock £250m of new domestic and international investment for high-growth businesses during the next three years.
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| Acquisitions drive growth at Begbies Traynor | Begbies Traynor Group expects to report rises in revenues and profits in its latest financial year, with growth driven by recent acquisitions. The company said it plans to make further buys to "build our scale and range of complementary services".
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| “Good momentum” at Portmeirion Group | The chief executive of Stoke-On-Trent-based homeware company Portmeirion Group, which trades under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, has hailed the company's "good momentum" after a strong start to the year.
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