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West Midlands
Thursday 7 May 2020

Latest News

Top Story

Pre-tax profits jump at listed bank

Pre-tax profits rose 11.5 per cent at Solihull-headquartered Secure Trust bank during its latest financial year, new figures have confirmed. Its operating income also surged over the same period.
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Insider Feature
Feature 1

Business Matters: Covid-19 – a crisis apart

As the economic fall-out from Covid-19 bites, John Swarbrick, head of portfolio at BGF, considers what management teams can do to navigate the here and now.
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Deals

LA investor takes Rolls-Royce stake

A Los Angeles investment company has taken a 5 per cent stake in Rolls-Royce.
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Automotive supplier receives financial boost

A Burton-upon-Trent automotive components supplier has received a financial boost to support the its working capital requirements during the Covid-19 pandemic.
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Virgin Media and O2 in ‘game changing’ merger

Broadband network Virgin Media is to merge with O2 after their owners agreed a joint venture which values the businesses at £18.7bn and £12.7bn respectively, creating a 'game changer with the financial strength to invest in UK digital infrastructure'.
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Bounce Back Loans initiative approves £2bn worth of applications

The Bounce Back Loans scheme has approved more than 69,000 applications worth about £2bn during its first 24 hours.
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Specialist sub-contractor secures bank funding

A Walsall-based specialist sub-contractor in the industrial distribution warehouse sector has secured funding from Barclays to support the business through the current climate.
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New lenders approved for emergency loan scheme

The British Business Bank has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Lockdown online sales surge for The Works

Online sales at Sutton Coldfield-headquartered The Works have more than tripled during the Covid-19 lockdown, the listed retailer has said.
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Debenhams set to ‘close another five stores’

Debenams is reportedly set to permanently close another five stores once lockdown is over, including in Birmingham.
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LEP to use £1.6m to boost regional economy

A local enterprise partnership is to inject almost £1.6m into its regional economy to support tourism and businesses affected by flooding and the coronavirus.
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LCV market slumps due to Covid-19 lockdown

The UK new light commercial vehicle (LCV) market slumped 86.2 per cent in April as nearly all registrations stopped due to the coronavirus lockdown, new figures have confirmed.
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Postponement for 2021 business rate revaluation

A revaluation of business rates will no longer take place in 2021, the government has confirmed.
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Property

Up to 100 flats earmarked for Port Loop’s second phase

Plans for the second phase of the Port Loop project in Birmingham, which include proposals for almost 100 apartments, have been submitted to the city council.
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£2.4m creative hub set for city

A £2.4m creative hub for artists is to be built in Coventry which will be the first purpose-built and collaborative art production facility in the city.
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Apartments plans for offices revealed

Plans to convert offices into 20 apartments in Birmingham, on the edge of a proposed major development, have been published.
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Formal go-ahead sought for hotel asylum seeker scheme

Formal permission is being sought for the continued use of half the space at a grade II-listed historic Birmingham hotel to accommodate asylum seekers.
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Work suspended on Civic Halls scheme

Work has been suspended on the refurbishment of the Civic Halls in Wolverhampton because of the Covid-19 crisis.
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Construction industry needs government green light – FMB

The construction industry needs a green light from the government to ensure that sites can be re-opened safely, according to the Federation of Master Builders (FMB).
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Manufacturing

Müller’s sales surge during lockdown

Yogurt brand Müller has reported a surge in sales throughout March and April compared to the first two months of the year.
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Rolls-Royce CEO outlines plans to cut costs

Rolls-Royce must take "the difficult but necessary decisions" to make sure the business comes out of the Covid-19 crisis with the "appropriate cost base" for a smaller commercial aerospace market, its chief executive will say later today.
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Revenues up and losses narrow at newly acquired Kettle Foods

Revenues have nudged up and operating losses have narrowed at the snack company behind Kettle Chips and Metcalfe's Skinny Popcorn, recently filed accounts have revealed. News of the results comes eight months after Valeo agreed to buy the business for about £66m.
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Other News

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Member Exclusive News

Firm ramps up ventilator parts manufacturing

A Birmingham photo chemical etching company has reported a six-fold increase in sensors and valve parts which are essential in ventilators.
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Staffs firm expands into Canada

A Staffordshire-based developer of mobile and immersive experiences has launched its online and virtual reality careers guidance platforms in Canada.
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12 Nov

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Services & Guides

Corporate Finance Directory

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Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

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Best Places to Stay

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