Today's West Midlands business news from Insider |
Latest News | Property developer and investor St Modwen, which is headquartered in Birmingham, made a pre-tax loss of more than £150m during the first half of its current financial year because of the Covid-19 pandemic.
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Lucy Twomey, HR and legal adviser at Make UK, says as businesses consider how to survive the economic impact of Covid-19, the stark reality is that, for many, redundancies are now unavoidable. Managing a redundancy procedure can be challenging in normal circumstances but Covid-19 has added new complexity.
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A Warwick-based technology start-up has secured an investment worth more than €1m.
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The commercial finance arm of Secure Trust Bank has surpassed £5bn of invoices funded to British businesses.
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The competition watchdog has launched a probe into the acquisition of a specialist motorcycle insurance provider.
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Almost £48bn has been provided to more than 1.1 million businesses so far through UK Government-backed coronavirus lending schemes, it has been revealed.
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Andy Moss from The FSE Group says as we slowly and cautiously ease out of lockdown and start to adjust to the "new normal", and what that looks like, The FSE Group is keen to ensure that Midlands based SMEs are aware of the funding options available to them, in order to support them during these uncertain times and to assist them in accelerating their growth post lockdown.
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Revenue at listed law firm Knights jumped by more than £20m during its latest financial year, according to new figures.
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Midlands Asset Finance has announced the creation of its new vehicle management and leasing division.
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Shoes retailer Oliver Sweeney is to close its five stores but continue to operate online after administrators were appointed.
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Growth Street is to wind down the business once its Resolution Event is complete. The company said the decision has been made by the board with the support of the executive team and major shareholders.
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Plans to transform a major railway station in Birmingham have received a £12m funding boost by the government.
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Coventry City FC have announced plans for a new stadium at the University of Warwick.
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A prominent office building in Birmingham earmarked to be transformed into apartments could have two additional storeys added to it, according to new plans.
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Revenue and EBITDA at the company behind 2 Sisters Food Group increased during the third quarter of its financial year, new figures have revealed.
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BT has announced it is working with the Worcestershire 5G Testbed (W5G) as lead technology partner.
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Member Exclusive News | An independent housebuilder has appointed a new technical director.
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A Stafford-based IT support and services provider has been awarded a place on a framework valued at about £260m.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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| | The region's top hotels and accommodation.
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