Today's West Midlands business news from Insider |
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West Midlands
Friday 29 January 2021

Latest News

Top Story

Value and number of Midlands deals slump in 2020

The number of deals completed in the Midlands last year fell to its lowest level since 2014, according to new figures, while their values slumped by almost 60 per cent.
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Insider Feature
Feature 1

Business Matters: Raising finance (by debt or equity) to fund growth in a post Covid world

Haydon Simmonds and Jahid Ali, banking and finance and corporate partners at Howes Percival, consider some of the issues facing businesses looking to fund growth in a post-Covid world.
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Deals

Paris investment firm takes Codemasters stake

A Paris-based investment firm has taken a stake in Codemasters, one of the oldest names in Britain's video game industry, which is currently a target of a takeover attempt from Electronics Arts (EA) which submitted a bid valuing the listed company at £945m.
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Paperchase deal saves 1,000 jobs amid store closures

Stationery and greetings card retailer Paperchase has been sold out of administration in a pre-pack deal which will see about 1,000 jobs saved. However, 37 stores are set to close permanently.
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Dr Martens floats with £3.7bn market cap

Iconic shoe brand Dr Martens is floating on the London Stock Exchange with a market capitalisation of £3.7bn, it has been confirmed.
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Real estate giant buys into property development specialist

One of the world's largest real estate managers has acquired a 25 per cent stake in property development specialist Langtree in a multimillion-pound deal.
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Terms agreed for acquisition of intermediary mortgage lender

Shawbrook Bank has agreed terms on the acquisition of The Mortgage Lender Ltd, a specialist intermediary mortgage lender.
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Boohoo in talks over Arcadia brands

Boohoo is in exclusive discussions with the administrators of Arcadia over the acquisition of a trio of well-known brands.
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Insider Feature
Feature 2

Business Matters: Rishi Sunak, Covid-19 and the UK tax system’s best kept secret…

Roy Farmer and David Bradshaw from Dains LLP say the Chancellor, Rishi Sunak, will face the impossible task of balancing the books, whilst trying to keep the taxpayer happy, when contemplating the fiscal plan to be outlined during the Spring budget.
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Business

World’s first flying taxi airport to open in Coventry

The world's first airport for flying taxis and delivery drones is to open in Coventry.
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Covid forces Warwickshire CCC into the red

Warwickshire County Cricket Club slipped into the red and lost almost £10m in turnover during its latest financial year because of the Covid-19 pandemic.
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Waste disposal firm grew turnover ahead of takeover

A waste disposal company grew its turnover in the year before it was acquired by Coventry City Council, new documents show.
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Marches Growth Hub names new chairman

A new chairman of the Marches Growth Hub has been appointed.
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Property

Green light expected for major flats proposals

Proposals for more than 350 apartments across two new buildings in Birmingham have been recommended for approval.
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New Digbeth apartment plans submitted

Plans for a new apartment building in the Digbeth area of Birmingham, which would rise up to 12 storeys, have been submitted.
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Railway station transformation plans on track for approval

Plans to demolition a Birmingham railway station building and construct a replacement on the same site have been tipped to be given the go-ahead next week.
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Final decision due on major student flats scheme

A final decision on revised plans for a major student accommodation development in the Selly Oak area of Birmingham is set to be made. The vote comes after the proposals were rejected earlier this month.
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Persimmon snaps up land tipped for 169 new homes

A near 40-acre site in Stoke-on-Trent, which has planning consent for 169 new homes, has been sold to Persimmon.
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Pandemic forces homes builder into the red

A homes builder which operates across England and Scotland fell to a pre-tax loss during its latest financial year as the final few months were hit by the Covid-19 pandemic.
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Manufacturing

Manufacturing giant puts more than 500 jobs at risk

More than 500 jobs have been put at risk after plans to close a Birmingham automotive factory were revealed.
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Historic motorcycle maker to relocate headquarters

A motorcycle maker, which was founded more than 120 years ago, is set to move its headquarters to Solihull.
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Senior Siemans executive to speak at Insider awards

A senior executive at engineering giant Siemens has agreed to speak at Insider’s manufacturing awards.
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GKN Aerospace to lead hydrogen propulsion system project

GKN Aerospace is to lead a collaboration programme to develop the company’s first hydrogen propulsion system for sub-regional aircraft. The project aims to create more than 3,000 jobs in the next decade.
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Aston Martin gears up for the future with board changes

Aston Martin has announced a series of appointments to its board while three directors are set to leave.
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Jaguar to make limited-edition car

A limited-edition car is to be produced by Jaguar to mark the 70th anniversary of the C-type sports racer.
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Commercial vehicle manufacturing suffers 2020 decline

The manufacturing of commercial vehicles in the UK dropped by 15.5 per cent in 2020, new figures show.
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Specialised engineering business set for new base and name

A specialised engineering business in Warwickshire, which is under new ownership, has opened a new research and development centre and is set to change its name.
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Other News

NEW Midlands Top 500 Companies Database - contact thousands of the senior decision makers

Member Exclusive News

BT Group to recruit apprentices and graduates

BT Group has announced plans to recruit 51 apprentices and graduates in Birmingham for its September 2021 intake.
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Permission granted for almost 100 homes

Permission has been granted for almost 100 homes in Warwickshire.
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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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