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West Midlands
Thursday 30 July 2020

Latest News

Top Story

Acquisitive business advisory firm eyes “significant growth”

An acquisitive business advisory giant has revealed it is expecting "significant growth" for its latest financial year.
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Insider Feature
Feature 1

Business Matters: Help us put the Midlands at the forefront of the energy from waste industry

As the world's population rises, the demand for energy is also growing significantly. At the same time, the issue of managing the waste caused by the population increase urgently needs to be addressed. Professor Martin Freer, director of the Energy Research Accelerator, explores the issues and the possible solutions.
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Deals

Birmingham advisers work on listed firm’s latest deal

The Birmingham office of Browne Jacobson has advised an AIM-listed marketing company on its latest acquisition.
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UK recruitment M&A down by half - BDO

Transaction volumes in the UK recruitment industry fell by half in the first six months of 2020, according to new data.
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Hastings confirms approach from consortium

Insurance company Hastings has received an approach from Sampo Oyj and Rand Merchant Investment (RMI) Holdings about a possible cash offer for the shares in the business the pair do not already own or control.
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Business

Turnover up in record year for Mills & Reeve

Turnover has grown in a record year for national law firm Mills & Reeve. The firm, which has a Birmingham office, has also announced a bonus of about £1,000 for every employee depending on length of service.
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Listed funerals provider slips to half-year loss

Sutton Coldfield-headquartered listed funerals provider Dignity slipped to a pre-tax loss during the first half of its financial year.
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Former CBI director drops out of mayoral race

A former regional CBI director has dropped out of the race to become the mayor of the West Midlands.
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£500m domestic film and TV initiative launched

A £500m scheme designed to kick-start domestic film and TV productions struggling to get coronavirus-related insurance has launched.
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Aldi outlines plans to create almost 4,000 jobs

Aldi, which has its UK head office in Warwickshire, has outlined plans to create nearly 4,000 new jobs across the UK this year.
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Co-operative Bank losses widen but CEO remains upbeat

Underlying losses have significantly widened at the Co-operative Bank but chief executive Andrew Bester has hailed the resilience of the business as he looks to the months ahead.
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Property

Major regeneration plans tipped for go-ahead

Up to 500 homes could be constructed on a Strafford-upon-Avon site earmarked for regeneration after the go-ahead was recommended. The land includes the current base of a TV production company behind the likes of the Teletubbies, Rosie and Jim, Brum and In the Night Garden.
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Bromford closes £90m funding deal

Wolverhampton-headquartered housing association Bromford has closed a £90m funding deal.
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Harworth brings in well-known property industry name as CEO

Listed property development and investment business Harworth Group has appointed a well-known figure in the property industry as its new chief executive.
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Manufacturing

Acquisitive historic carpets maker’s profits hit by pandemic

Worcestershire-based carpet maker Victoria is eyeing acquisitions over the next few months at "very attractive prices". The listed manufacturer has also published its latest full-year results which show a spike in revenue but pre-tax losses of more than £60m due to the Covic-19 pandemic.
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SMEs call for more government support after pandemic hit

A new report has asked the government for further support if manufacturing SMEs in the Midlands are going to overcome the delay in volumes returning following the impact of Covid-19.
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UK car production almost halves

Car production in the UK almost halved in June compared to the same period in 2019 because of the Covid-19 pandemic.
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Smoke alarm maker “satisfied” with pandemic performance

A Coventry-based smoke alarm and carbon monoxide detector manufacturer's sales dipped and its operating losses widened during the first half of its financial year because of the Covid-19 pandemic. However, the listed company added that its sales are now improving.
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Other News

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

Member Exclusive News

Engineering company completes Rolls-Royce contract

A Coventry engineering company has completed a contract with Rolls Royce.
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Industrial warehouse letting deal agreed

A 10,000 sq ft industrial warehouse in Birmingham has been let.
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