Today's West Midlands business news from Insider |
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West Midlands
Wednesday 1 July 2020

Latest News

Top Story

Up to 7,500 new homes set for West Midlands

Up to 7,500 new homes across the West Midlands are to be built on former industrial land after Prime Minister Boris Johnson announced an extra £84m to expand the region’s brownfield regeneration programme.
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Insider Feature
Feature 1

Business Matters: Midlands companies embrace 3D printing during Covid-19

Esther Gottschalk and Philip Cupitt from Marks & Clerk LLP say 3D printing, expected to be a $35.6bn industry by 2024, has a significant role to play in the production of goods. This was the case before the current Covid-19 crisis, but is likely to continue in spite of it.
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Deals

Family business secures £2.5m CBILS loan

A second-generation family business and one of the UK’s largest producers and suppliers of perennial plants has confirmed it has secured a £2.5m CBILS loan.
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Online business of TM Lewin acquired but shops closing

The online business of menswear retailer TM Lewin & Sons has been acquired through a pre-pack administration, but the brand’s shops are reportedly closing with the loss of about 600 jobs.
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Hammerson gets £300m Covid funding boost

Shopping centre and retail park giant Hammerson has received approval for a boost of up to £300m to help it through the Covid-19 crisis.
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Lenders pass one million backed firms

Lenders have approved £42.9bn to more than one million businesses so far through the three major UK Government-backed lending schemes, according to new figures.
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Insider Feature
Feature 2

Business Matters: Do you have the right communications technology to work flexibly?

Duncan Ward, CEO of Network Telecom, looks at the technology to consider ahead of returning to the office and the benefits it will offer a post-lockdown workforce.
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Business

Pre-tax losses halved at Trakm8

Pre-tax losses at listed telematics and data supplier Trakm8, which is headquartered in Coleshill, were halved during its latest financial year, new figures have confirmed.
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Birmingham Airport to cut 250 jobs

Birmingham Airport has confirmed plans to make up to 250 redundancies because of the Covid-19 pandemic's impact.
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Barclays makes senior Midlands appointment

Barclays has appointed a new head of corporate banking in the Midlands.
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IT provider repays half of furlough money

A Stafford-based IT provider has repaid 50 per cent of its furlough money back to HMRC.
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Administrators appointed at furniture brands group

The group of companies behind two well-known furniture retail brands has called in administrators, with a deal agreed for part of the business saving about 1,900 jobs.
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Cineworld delays cinema reopening

Cineworld has pushed back the reopening of its UK cinemas to the end of the month.
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Family firm promotes three new directors

A Warwickshire civil engineering and construction company has appointed three new directors.
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Property

‘Luxury’ rooftop restaurant tipped for hotel

A 'luxury' rooftop restaurant could be created at a Digbeth hotel in a bid to help regenerate the area of Birmingham, according to new plans.
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Company reveals plans to move headquarters

The UK distributor for the world's largest truck loader crane manufacturer is set to move to a new headquarters in Warwick.
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Site acquired after “hotly contested bidding war”

A 20,000 sq ft factory/warehouse could be constructed in Kidderminster after a Redditch developer acquired the site after a "hotly contested bidding war".
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Manufacturing

Results rise at listed electronics maker

Revenue and pre-tax profits increased at Redditch-headquartered electronics maker Solid State during its latest financial year.
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Smoke alarm maker’s sales hit by pandemic

A Coventry-based smoke alarm and carbon monoxide detector manufacturer has said its revenue for the first six months of 2020 is expected to be more than 70 per cent of its pre-Covid-19 budget performance.
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Other News

First quarter sales pass £1bn at B&M

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

Member Exclusive News

Supplier enters joint venture

A Stoke-on-Trent supplier of paint, consumables and equipment has entered into a joint venture.
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Global company wins contract in home city

A Coventry-based events management and security company, which works across the world, has won a major new contract in the city.
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Services & Guides

Corporate Finance Directory

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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

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