Today's West Midlands business news from Insider |
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West Midlands
Tuesday 10 November 2020

Latest News

Top Story

Technology firm valued at £90m after MBO completes

Private equity firm LDC has exited a cloud services technology company in a management buyout (MBO) which values it at £90m.
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Insider Feature
Feature 1

Business Matters: Work effectively from anywhere with a unified communications solution

Duncan Ward, CEO of Network Telecom, looks at the ways in which businesses can prepare to work from anywhere with a unified communications solution.
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Deals

Global firm invests in HomeServe

A US-based global investment management firm has taken a stake in Walsall-headquartered HomeServe.
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OakNorth targets further lending during pandemic and beyond

OakNorth Bank is still "very active" when it comes to providing financial support to companies in the ongoing pandemic and beyond, a senior debt finance director has told Insider. It comes after government-backed initiatives such as the Coronavirus Business Interruption Loan Scheme (CBILS) were extended as the second English lockdown gets underway.
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Pork pie producer snapped up by new backer

Savoury pastry producer Addo Food Group has been acquired by PAI Partners in a deal which provides an exit for private equity firm LDC.
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Insider Feature
Feature 2

Business Matters: Building business resilience - How business operations can thrive in uncertain times

Many businesses were forced to adapt and adopt new processes in a rush as the pandemic hit. SafetyCulture’s Dan Joyce explores how we can build on those hasty foundations and optimise for safer, more productive and successful companies in 2021.
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Business

Shares surge after Covid-19 vaccine breakthrough

Shares in Midlands companies including Rolls-Royce, National Express and Marston's jumped after Pfizer and BioNTech announced positive efficacy results from the third phase, late-stage study of their potential Covid-19 vaccine, which was found to be more than 90 per cent effective.
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5G tech set to help businesses develop resilience

Businesses need to look seriously at adopting 5G technology now to help build resilience helping get through the current crisis, according to an expert on the hyper-fast mobile technology.
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Cost-cutting railway fleet agreement signed

An agreement has been signed between West Midlands Trains and Derby-headquartered Porterbrook aiming to reduce costs and improve the reliability of the train operator’s Class 172 fleet.
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PE-backed financial businesses group formed

A number of financial businesses in Leicestershire and Worcestershire have combined to form a new private equity-backed group.
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Ticketing system contract for City of Culture awarded

Part of the NEC Group has won the contract to deliver the ticketing system for Coventry’s year as UK City of Culture 2021.
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Property

Construction at former brewery yard poised to start

Work to transform the old maintenance yard for the former Mitchell & Butlers Springfield Brewery in Wolverhampton into more than 60 new homes is set to get underway in the coming weeks. 
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NG Bailey completes £14.6m battery facility project

NG Bailey has completed its £14.6m installation of mechanical and electrical services at battery development facility.
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Seven-figure property deal for manufacturer

A Nuneaton-based sheet metal design and manufacturing firm has secured a seven-figure property deal.
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Persimmon continuing to “perform robustly”

Listed housebuilding giant Persimmon has said it "continues to perform robustly" despite the impact of the Covid-19 pandemic and is on course to achieve a good result in 2020.
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Manufacturing

Profits set to halve at Meggit after pandemic bites

Underlying operating profits at international aerospace and defence engineering company Meggitt are expected to have more than halved by the end of 2020, the listed business has revealed. The business added that it remains "well placed" to recover.
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Solid State secures Innovate UK funding

The manufacturing arm of Redditch-headquartered electronics maker Solid State has secured funding from Innovate UK to develop its battery powertrain.
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New executives for Jaguar Land Rover

Jaguar Land Rover has announced the appointment of two new executives.
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Turnover rises as plant-based food and drink maker

Turnover increased to almost £230m at the UK arm of plant-based food and drink maker Alpro during its latest financial year, new documents have revealed.
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PE-backed engineering group reports results rise

A private equity-backed engineering group which has operations in Burton-upon-Trent, has reported a rise in turnover and EBITDA for its latest financial year.
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Other News

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

Member Exclusive News

Businesses take space at Albion Gateway

A specialist door manufacturer and family-run car dealership has agreed to take space at St Modwen's Albion Gateway site in Burton-upon-Trent.
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Aldi to extend click and collect service

Aldi, which has its UK headquarters in Warwickshire, is to extend its trial of click and collect to up to more than 200 additional stores by Christmas.
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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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