Today's West Midlands business news from Insider |
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West Midlands
Wednesday 26 March 2020

Latest News

Top Story

Turnover jumps £70m at Gymshark owner

Turnover jumped by more than £70m at the parent company of fitness apparel business Gymshark during its latest financial year, new accounts have revealed.
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Insider Feature
Feature 1

Ask the expert: How to grow your business

Karen Prior, group finance director at Anpario plc, offers her expertise on growing a business.
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Deals

Architectural and engineering firm snapped up

A Sutton Coldfield-based architectural and engineering practice has been acquired by a national multi-disciplinary consultancy.
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Advanced snaps up professional services software firm

Private equity-backed Advanced has snapped up a global legal, accounting and professional services software business from BT Group - its fifth acquisition in 12 months.
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Takeover of iconic guides publisher moves forward

The takeover of Haynes Publishing Group has moved forward after shareholders backed a deal which values the automotive data business at £114.5m.
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Upbeat K3 Capital anticipating opportunities

Company sales specialist K3 Capital Group is expecting opportunities to be created as it looks to navigate the ongoing pandemic.
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Deal for The i cleared by government department

The completed acquisition of The i newspaper and website by the Daily Mail and General Trust for almost £50m has been cleared by a government department.
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Insider Feature
Feature 2

Estate planning in a pandemic

This blog had been intended as the fourth in our series on preparing a business for sale and planning for the future. Considering the extraordinary circumstances we now all find ourselves in and in response to questions from clients and contacts, Catriona Attride, national head of private wealth at Gateley Legal, will be using this opportunity to address some of the concerns we have been presented with.
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Business

Listed law firm cuts wages in Covid-19 response

Listed law firm Knights has announced wage cuts for board members and staff who earn more than £30,000 to help it deal with the Covid-19 pandemic.
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Mercia pledges SME support

Mercia Asset Management has pledged its support for the 400 companies it has in its venture, private equity, debt and balance sheet investment portfolios.
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New directors for Squire Patton Boggs

Squire Patton Boggs has announced six new directors in its Birmingham office.
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Exemplar Health Care to create 1,000 jobs

Exemplar Health Care has revealed plans to create 1,000 jobs to meet the growing demand for its services.
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New partner appointed by accountancy firm

A Worcester-based accountancy firm has appointed a new partner.
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Aldi to give workers 10 per cent bonus

Aldi employees who work in its stores and distribution centres are to receive a 10 per cent bonus.
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V Cars offers to help deliver medicines and essential groceries

Taxi operator V Cars is offering to deliver medicines and essential groceries to vulnerable people in the ongoing coronavirus crisis.
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Tuffnells seeking to recruit more than 100 workers

Delivery company Tuffnells is aiming to recruit more than 100 warehouse workers and lorry drivers.
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Property

St Modwen “robust” after strategic repositioning

St Modwen has said it is in a "robust" position to deal with the coronavirus pandemic as a result of its "strategic repositioning" since the middle of 2017. The company has also closed its UK construction and sales sites.
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Final go-ahead for 350 new homes

The final go-ahead has been granted for more than 350 new homes on the site of Rugby Radio Station.
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Housebuilding giant faces virus challenge from position of strength

Housebuilding giant Barratt Developments has said it faces the challenge of the coronavirus outbreak from a position of strength as it revealed a series of measures to help it cope with the impact of the pandemic.
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Intu looks to access £330bn package as costs get cut

Shopping centre giant Intu could look to access the government's £330bn support package as it aims to navigate the coronavirus crisis, with the company reducing capital expenditure and cutting back on head office costs.
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Rescheduled MIPIM in June ‘not feasible’ because of virus crisis

The organiser of MIPIM 2020 has said it is not feasible to host the property festival in Cannes at its rescheduled date in June because of the ongoing coronavirus pandemic. An alternative event is being organised for September in Paris, with the next edition of MIPIM in Cannes set to take place in March 2021.
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Countryside suspends construction

Housebuilder Countryside has closed and suspended all construction work and closed its sales offices.
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Manufacturing

Pandemic not an “existential threat” to historic carpets maker

The Covid-19 pandemic does not present an "existential threat" to historic carpets maker Victoria, with the Worcestershire-headquartered company saying its long-term outlook "remains positive".
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JCB extends factory shutdowns

JCB has extended the suspension of production at its UK factories until at least the end of April.
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Headlam staff to get “enhanced” pay support

All staff who work at Birmingham-headquartered floorcoverings wholesale Headlam who have been affected by it temporarily closing its UK bases will be paid an "enhanced form" of the government's coronavirus Job Retention Scheme, the listed company has confirmed.
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Revenue set to remain static at building products maker

Revenue is expected to remain static at building products maker Epwin Group when it announces its full-year results.
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Aston Martin reveals details of V6 engine

Aston Martin has revealed further details of its in-house designed V6 engine.
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Other News

FCA gives listed firms more time to publish results

Collaboration key as space sector responds to virus outbreak

Clipper Logistics providing additional support to grocery sector

Challenging start to 2020 for SIG

Midlands Top 500 Companies List - contact 1000s of Top Decision Makers

Member Exclusive News

Cov firm wins kitchen appliance contract

A premium Italian kitchen appliance manufacturer has handed a contract to a Coventry company.
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