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North West
Tuesday 11 May 2021

Latest News

Top Story

THG strikes landmark deals with SoftBank

THG has entered a financial and trading collaboration with SoftBank Group which involves a division of the Japan-headquartered technology investor committing about $730m to a $1bn fundraising the Manchester-headquartered e-commerce platform is conducting to support its plans for acquisitive growth. SoftBank has also been granted an option for a $1.6bn investment in THG Ingenuity in exchange for a 19.9 per cent stake in the THG subsidiary with the aim of establishing potential collaboration arrangements drawing on the opportunities among affiliate businesses of THG and SoftBank.
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Insider Feature
Feature 1

Business Matters: Open space in the time of Covid - opportunity from crisis

Jules Price, associate director, professional head of ecology, Atkins, discusses the timely release of the Dasgupta Review, a recently published report commissioned by the UK Treasury on the economics of biodiversity.
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Deals

Freshwave agrees deal for Airangel division

The managed service division of Warrington-headquartered Wi-Fi specialist Airangel has been acquired by Freshwave, a network service provider which is backed by infrastructure investment firm Digital Colony.
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McBride inks sustainability linked facility

Private labal and contract manufacturer McBride has secured a €175m multi-currency sustainability linked revolving credit facility.
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CapVest agrees sale of Valeo Foods

Valeo Foods, a group whose portfoliio includes well-known brands such as Jacobs, Rowse, Kettle, Odlums, Barratt, and Balconi, is to be acquired by a US-headquartered investment giant.
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UK Government trims NatWest stake with £1.1bn share disposal

The UK Government has sold 5 per cent of its shareholding in NatWest Group for £1.1bn.
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Insider Feature
Feature 2

Business Matters: Why looking at your business water use pays off

Barry McGovaney from Water Plus says water can be a significant cost that’s frequently overlooked as not having much saving potential in terms of environmental impact or cost. It’s worth looking at – and here’s why.
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Business

Cridland to step down as Transport for the North chairman

John Cridland is set to retire from his role as chairman of Transport for the North (TfN) this summer.
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Endless promotes four new partners

Private equity firm Endless has promoted four new partners.
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HURST set for bumper year

Accounting and advisory firm HURST, which has offices in Manchester, Stockport and London, has said that it is on track for a bumper year as it gears up to celebrate its 40th anniversary.
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Partner promotions at Weightmans

National law firm Weightmans has bolstered partner numbers, promoting 11 who are based across the firm's four offices.
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Burnham vows to accelerate transport network plans

Newly re-elected mayor of Greater Manchester Andy Burnham has committed to accelerating plans for an improved and London-style transport network.
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Science in Sport strikes three-year extension with cycling team

Performance nutrition company Science in Sport has signed a three-year extension to its partnership with INEOS Grenadiers, the British professional cycling team.
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Insider Feature
Feature 3

Business Matters: How can an outsourced FD help your business?

With the rise of advisory services within accounting practices, Phil Matthews of WR Partners throws some light on what his job entails.
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Property

Green light for retail park extension

Plans to further extend Fulwood Central retail park with a mixed-use scheme of retail, commercial, co-working space and a food hall have been given the green light.
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New Islington investment for USR

The Urban Splash Residential Fund (USR) has invested in the £300m New Islington neighbourhood, acquiring a block of apartments and unveiling a new asset management strategy.
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Creative agency invests in first office space

A Lancashire multi-service creative agency has invested in its first office space.
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Insider Feature
Feature 4

Business Matters: Framework agreements

It was Thomas Bertram Lance of Jimmy Carter’s 1977 administration that popularised the phrase “If it ain’t broke, don’t fix it”. Construction businesses will often question why they need to spend time and money implementing framework agreements when their current terms and conditions “work just fine”, or when “we’re hardly ever in dispute with our suppliers”. Moe Yassin, associate with Beyond Corporate Law, explains.
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Manufacturing

Historic manufacturer to embark on “transformational” project

A historic Blackburn textile manufacturer is expecting a 40 per cent productivity boost through a "transformational" technology project.
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Other News

NEW 2021 North West Top 500 Companies Database

NEW 2021 North West SME 300 Companies database - contact the region’s top decision makers

Member Exclusive News

PHE technology set for Greece and Hungary roll out

Powerhouse Energy Group (PHE) has signed an agreement with Hydrogen Utopia International with a view to granting an exclusive non-transferable licence for the application of its DMG technology in Greece and Hungary.
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Platform extension work completes

Work to extend platforms at Ramsgreave & Wilpshire station in Blackburn is now complete and has created more space for trains and passengers.
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Services & Guides

Greater Manchester Investment Guide 2021

Greater Manchester Investment Guide 2021

A comprehensive guide to investing in the region’s authorities, with facts, figures, statistics and key contacts.
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Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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