Today's West Midlands business news from Insider |
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West Midlands
Tuesday 16 March 2021

Latest News

Top Story

Hinckley & Rugby Building Society maintains performance

Hinckley & Rugby Building Society has maintained its financial performance through 2020 with profit levels holding flat, according to new results.
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Insider Feature
Feature 1

Business Matters: Financial Conduct Authority gives “final guidance” on Business Interruption Covid-19 Claims

Emma Wallace from Dains Accountants says the Financial Conduct Authority (FCA) has recently issued further guidance in relation to claims under business interruption insurance policies for losses resulting from the Covid-19 pandemic and UK Government lockdowns.
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Deals

Cazoo’s acquisition of vehicle reconditioning firm wins Deal of the Month

The acquisition of a vehicle reconditioning and storage specialist which employs more than 500 people across four locations by online car retailer Cazoo has been named as the Deal of the Month for February.
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LionRock completes acquisition of majority stake in Clarks

Private equity firm LionRock Capital has completed its acquisition of a majority stake in Clarks for an investment of £100m. A new executive chairman and chief executive has also been appointed at the historic shoe retailer.
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Insider Feature
Feature 2

Business Matters: Why most SMEs aren’t recovering investment from Digital Transformation

Ahead of speaking at a Midlands Business Insider roundtable event - titled “The New Manufacturer: How SMEs are adopting digital tech” - Marcos Kauffman explores the route that SMEs - especially those in manufacturing - should take when adopting new digital technology; and reveals why information data is becoming critical to manufacturers’ growth.
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Business

Pair of Birmingham partner promotions at Squire Patton Boggs

Squire Patton Boggs has promoted two senior lawyers at its Birmingham office to partner.
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Midlands Connect reacts to DfT plans for Birmingham HQ

The chief executive of Midlands Connect has reacted to the Department for Transport's (DfT) announcement of plans to locate a second headquarters in Birmingham.
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Retail closures hit the West Midlands – report

The Covid-19 pandemic impacted the rate of retail store closures in the West Midlands, according to new figures from PwC and Local Data Company.
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Jobs at risk as Thorntons outlines store closure plan

Chocolatier Thorntons has said it is to close 61 shops across the UK in a closure plan which places about 600 jobs at risk. The move does not include Thorntons franchises.
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Greggs ‘well-placed for Covid recovery’

High street bakery chain Greggs has experienced a "better than expected" start to 2021, although the business reported a pre-tax loss in its latest financial results.
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Insider Feature
Feature 3

Business Matters: St Modwen Logistics talks the importance of design, build and maintenance to logistics firms

Rob Richardson from St Modwen Logistics talks about how logistics occupiers are seeking the very highest design, build and maintenance specifications in the marketplace, and how St Modwen Logistics is meeting these requirements with its new Swan Standard.
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Property

West Works site set for regeneration following £6m investment

The now derelict West Works site at the former MG Rover car plant in Longbridge is set to be regenerated following a £6m investment package from the West Midlands Combined Authority (WMCA). The scheme is expected to create thousands of jobs.
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Almost 100 homes proposed in Dudley

Proposals to develop almost 100 residential properties on the site of a former steelwork forge in Dudley have been submitted.
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New base for BE Worcestershire

Berriman Eaton (BE) Worcestershire has capped its first three months of trading by officially moving into its new base.
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Major business park extension on schedule for completion

A 60-acre extension to a major Midlands business park which could provide up to 1,700 jobs is on schedule for completion this summer.
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Director of development appointed at Wavensmere

Property firm Wavensmere Homes has appointed a director of development.
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Harworth Group hails “strength and resilience” in full-year results

Listed property development and investment business Harworth Group has hailed the "strength and resilience" of the business despite the disruption caused by Covid-19.
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Other News

NEW 2021 Midlands Top 500 Companies Database - contact thousands of the senior decision makers

Member Exclusive News

Senior hires at Lodders

Stratford-upon-Avon-headquartered law firm Lodders has strengthened its dispute resolution and private client teams with two senior hires.
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Programme launches to support Staffs firms with digital technology

A new programme has been launched to help small businesses in Staffordshire learn how they can grow their operations and increase productivity through digital technology.
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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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