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West Midlands
Monday 23 November 2020

Latest News

Top Story

Go-ahead tipped for major homes and jobs plans

Plans to construct up to 2,400 homes and create 2,000 jobs on the edge of Coventry have been recommended for approval.
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Insider Feature
Feature 1

Business Matters: Real estate and construction - how do we build growth from here?

Ray Abercromby, tax partner at the Birmingham office of Smith & Williamson, offers some practical actions to consider to drive business growth in challenging times.
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Deals

Manufacturer bought by AIM-listed company for £22m

A Staffordshire manufacturer has been acquired in a £22m deal by an AIM-listed surgical and advanced woundcare specialist.
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LDC supports MBO at trustee and pensions services firm

The Midlands team at mid-market private equity investor LDC has supported a management buyout at an independent professional trustee and pensions support services business.
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Endless raises £400m for fifth fund

Private equity firm Endless has raised its fifth fund, securing £400m to invest in UK mid-market businesses.
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Company secures £800k loan

A Birmingham company which is part of energy project builder specialist BasePower has secured a £800,000 loan.
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Major Luceco shareholder reduces stake

A major shareholder in Telford-based LED lighting maker Luceco has reduced its stake.
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Government’s $500m move for OneWeb completes

The UK Government's $500m acquisition of OneWeb, which develops cutting-edge satellite technology in the UK and in the US, has completed.
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Connells advances Countrywide takeover plans

The proposed takeover of estate agency and property services provider Countrywide by Connells has advanced.
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Cineworld secures additional pandemic boost

Cinema operator Cineworld has secured "significant additional liquidity", which includes a new $450m debt facility.
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Insider Feature
Feature 2

Business Matters: Extraordinary times provide a catalyst for change

The Covid-19 pandemic was unforeseen, unexpected and unwanted, but has been the catalyst for businesses, people and economies to adapt to survive, which says much about the resolve of the region’s business community, according to Graham Spalding, partner in the Corporate and Commercial practice of regional law firm Lodders.
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Business

Interim revenue and profits double at video game maker

Revenue and pre-tax profits more than doubled at one of the oldest names in Britain's video game industry during the first half of its financial year, new figures have confirmed. The results come two weeks after a takeover offer which values the company at more than £700m was unanimously recommended to its shareholders.
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Losses cut despite revenue dip at Trakm8

Pre-tax losses fell despite revenue dipping at telematics and data supplier Trakm8, which is headquartered in Coleshill, during the first half of its financial year.
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Severn Trent to award contracts worth £480m

Coventry-headquartered Severn Trent is to award waste contracts worth £480m over eight years.
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New vice chairs for Midlands Engine

The Midlands Engine has announced the appointment of two vice chairs.
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Directors need to trust staff more - CBI’s Midlands chair

Leaders must delegate far more if their businesses are to prosper, according to the West Midlands chairman of the CBI, and trust in their managers abilities to decide and deliver.
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HS2 to showcase major contracts

The Birmingham-headquartered company behind HS2 has kicked off a four-day virtual event that will showcase many of the £12bn worth of contract opportunities that businesses from across the UK can find out how to prepare and start bidding for.
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Cooper Parry reveals results surge

Business advisory and accountancy firm Cooper Parry has reported a rise in revenue and profits for its latest financial year. The company has also revealed that the first half of its current period has been its best ever.
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Property

Go-ahead for more than 300 apartments

More than 300 apartments are to be constructed in Birmingham after the green light was given.
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Flats bid secures green light

The green light has been given for more than 100 apartments to be constructed on the site of a vacant East End Foods depot in Birmingham.
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Prominent building set for transformation

A prominent building in Birmingham, which was bought at the start of the year for a seven-figure sum, is to be transformed into almost 80 apartments after the plans were voted through.
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Former residential home sold for almost £1.5m

A former residential home outside Mier Heath in Stoke-on-Trent has been sold off a guide price of almost £1.5m.
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Manufacturing

Results dip for electronics maker’s European arm

Revenue and pre-tax profits dipped at an electronics manufacturer's Warwick-based European arm during its latest financial year.
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Staff furloughed after major contract lost

Staff have been furloughed at Walsall specialist castings and engineering group Chamberlin after the AIM-listed company lost a major contract.
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Sales and profits rise at Weetabix

Sales and profits surged at cereal giant Weetabix during its latest financial year, according to new figures released by its US parent company.
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Quantum tech project for vehicle battery scheme secures boost

A new project aimed at harnessing quantum technology to enhance vehicle battery performance has been awarded by a University of Birmingham-led group.
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Other News

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

Member Exclusive News

Work to transform neglected office building set for completion

Work on the transformation of a neglected Staffordshire office building into 27 apartments is expected to be completed early in 2021, developer Key Land Capital has announced.
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Revenue rise and new jobs for insurance brokers

A Black Country firm of insurance brokers has reported a rise in its revenue, despite the Covid-19 pandemic, and is creating new jobs.
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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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