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West Midlands
Thursday 28 January 2021

Latest News

Top Story

Building products maker makes near £4m acquisition

Solihull-headquartered building products maker Epwin Group has announced the acquisition of the trade and related assets of a plastic building products distributor.
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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

IT infrastructure provider acquired

A Worcestershire IT infrastructure provider to the UK retail property sector has been acquired by a Netherlands-headquartered specialist technology and communications company
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Merrill Lynch ups Codemasters investment

Merrill Lynch has further increased its investment 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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British Business Investments commits £10m to Syndicate Room

British Business Investments, a commercial subsidiary of the British Business Bank, has made a £10m commitment to venture capital fund Syndicate Room.
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Industrial turnaround group declines to comment on sale reports

The Birmingham-headquartered owner of GKN Aerospace has declined to comment on reports that it is reviving plans to sell its US-based air conditioning arm for more than $3.5bn.
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Hunters and TPFG agree terms of multimillion-pound acquisition

Listed estate agency business Hunters Property has reached an a agreement on a £24.2m acquisition by counterpart The Property Franchise Group (TPFG).
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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

Hundreds of jobs available at test and trace lab

About 850 jobs are available at a state-of-the-art laboratory in Leamington Spa as part of the UK’s NHS Test and Trace programme.
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Revenues near £250m at construction machinery giant

Revenues have approached the £250m milestone at a UK construction machinery brand which forms part of Japanese conglomerate Hitachi.
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Partners search for corporate law firm

A corporate law firm has launched a recruitment drive for partners in the Midlands following the opening of its Birmingham office.
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Half-year revenue dips below £100m at Joules

Revenue dipped below the £100m mark at lifestyle brand Joules during the first half of its financial year because of the Covid-19 pandemic, new figures have confirmed. The listed retailer has also announced the departure of its chief financial officer.
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Encouraging revenue growth in Q3 at Mitie ahead of current lockdown

Mitie Group has reported a strong third quarter performance although the new national lockdown measures currently in place are likely to result in flat growth in the final quarter of the outsourcing giant's financial year. Mitie completed the acquisition of Interserve Facilities Management during Q3 and said the business had made an encouraging start.
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Property

Lidl store planned for old Homebase site

Proposals to construct a new Lidl store on the site of a former Homebase in Warwick have been recommended for the green light.
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Green light expected for city’s new multi-storey car park

Plans for an eight-level multi-storey car park to be constructed in Stoke-on-Trent have been tipped to be granted approval next week.
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Discount foodstore eyed for Stoke site

A new discount foodstore could be constructed in Stoke-on-Trent if the go-ahead is granted next week.
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Manufacturing

JLR appoints chief creative officer to its board

Jaguar Land Rover has appointed its chief creative officer to its board.
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JCB to create more than 400 jobs

JCB has revealed plans to recruit more than 400 additional UK shop floor employees as the company gears up for a surge in production.
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Tributes paid to long-serving managing director

Tributes have been paid to the long-serving managing director of a Wolverhampton-based heating and air-conditioning equipment hire company, who has passed away.
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UK car manufacturers suffer worst year since 1984

The production of cars in the UK reversed by almost a third in 2020, according to new figures. The Society of Motor Manufacturers and Traders said it was the worst year for manufacturers since 1984 because of the Covid-19 pandemic and Brexit concerns.
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Other News

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

Member Exclusive News

Government agrees commercial space deal

The government has taken the final 16,500 sq ft of commercial space at a landmark building in Birmingham.
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PR agency hired by gardening supplies company

A gardening supplies company has hired a Birmingham-based PR agency.
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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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