Today's West Midlands business news from Insider |
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West Midlands
Tuesday 20 October 2020

Latest News

Top Story

Turnover surges at family-owned firms

Turnover jumped more than £90m at a group behind airports, hotels, a developer and IT and investment giants during its latest financial year. Its founder has hailed the period as its most successful since being established in 1975.
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Insider Feature
Feature 1

Business Matters: The value of having a US patent

Simon Cooper, patent attorney at Adamson Jones IP Ltd, says the US is home to many of the most innovative companies in the world, which invest heavily in research and development, as well as associated patent protection. This makes patents a key consideration for the US.
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Deals

Video game controller maker acquired by PE-backed firm

A custom video game controller manufacturer has been acquired by a private equity-backed company which has its UK headquarters in Staffordshire.
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Former shareholder agrees Flybe deal

A former shareholder of Flybe has agreed a deal to buy the airline out of administration.
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Doro acquires Connexus Careline

The assets of the Careline services, which provides technology enabled care services in the UK, has been acquired from Connexus Housing Group by Doro.
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Insider Feature
Feature 2

Business Matters: The tech sector - Driving the West Midlands’ economic recovery

David Hardman, managing director, Bruntwood SciTech – Birmingham, explores this alongside what technology businesses need from their workspace.
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Business

Freeports: Have your say on the enterprise hubs

The UK Government has unveiled more details on its plans to create Freeports. Insider would like your views on the potential outcomes a Freeport would bring to your local area.
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Lower profits expected for UK arm of TNT Express

The Warwickshire-headquartered UK arm of courier delivery services giant TNT Express has said it expects to report lower levels of profit for its latest financial year after its finances were hit by the Covid-19 pandemic.
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Profit warnings surge as Covid-19 hits

Profit warnings in the Midlands surged during the first three quarters of 2020, according to new figures, with 80 per cent attributed to the Covid-19 pandemic.
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New CEO confirmed for Holland & Barrett

A new chief executive has been confirmed at Nuneaton-headquartered Holland & Barrett after his predecessor stepped down after less than 18 months in the role.
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Shares surge at cloud-based software company

Shares in a Coventry cloud-based software company have surged by more than 30 per cent after it revealed proposals to raise more than £1m to aid its growth plans.
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New CEO and MD for civil engineering firm

A Worcestershire civil engineering company has named a new chief executive and managing director.
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Property

Contractor warns of “challenging” year ahead

A contractor which has completed projects for the likes of theme park Drayton Manor, Premier Inn, Wolverhampton Wanderers and Aldi, has said its current financial year will be "challenging" because of the Covid-19 pandemic.
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Green light for hotel at Ricoh Arena

A new 150-room hotel is set to be constructed at the Ricoh Arena in Coventry which will create more than 30 jobs.
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Countryside strikes new PRS framework agreement

Housebuilder Countryside has agreed a framework with Goldman Sachs Merchant Banking Division to build up to 1,000 private rented sector (PRS) homes.
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Geek Retreat set to open 100 new high street stores

Entertainment retailer Geek Retreat has set out plans to open 100 new high street stores across the UK over the next two years.
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Chinese supermarket set to open first Birmingham site

A Chinese supermarket has signed a deal to open a new store in Birmingham.
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Manufacturing

Turnover and profits up at façade maker

Turnover and profits at a company which provides architectural façade panels increased during its latest financial year, new documents have revealed.
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Lighting company ups full-year guidance

Telford-based LED lighting maker Luceco has upped its full-year guidance after "strong momentum" throughout its third quarter and securing a "healthy" order book for its final three months.
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Toilet roll maker announces £7m investment

A £7m investment has been made by a Birmingham-based consumer paper hygiene products maker.
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Half-year results hold firm at electronics firm

Redditch-headquartered electronics maker Solid State is set to report revenue and pre-tax profits for the first half of its financial year of a similar level as the same period in 2019 despite the impact of Covid-19.
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Other News

NEW Midlands Top 500 Companies Database - Preorder today and get the Early Bird Offer

Member Exclusive News

Jaguar Formula E team extend deal with GKN Automotive

The Jaguar Formula E team have renewed their long-term partnership with Redditch-headquartered engineering giant GKN Automotive.
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New Vietnamese Street Kitchen site set for Bullring

A new city centre site of Vietnamese Street Kitchen is due to open at Birmingham’s Bullring next month. 
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Services & Guides

Corporate Finance Directory

Corporate Finance Directory

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

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

Best Places to Stay

The region's top hotels and accommodation.
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