Today's West Midlands business news from Insider |
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West Midlands
Thursday 8 April 2021

Latest News

Top Story

Telecommunications firm acquired for £4.5m

A Coventry-based telecommunications business has been acquired by TelcoSwitch in a £4.5m deal.
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Insider Feature
Feature 1

Business Matters: CWLEP’s plans to reset the sub-region’s economy post-Covid

Sarah Windrum is the new chair of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) and she explains why it is vital that the area makes the most of digital opportunities to reset the sub-region’s economy post-Covid.
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Deals

lithium ion battery recycling specialist secures funding

A lithium ion battery recycling specialist has secured funding from Innovate UK.
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Growth Capital Partners takes stake in Hippo Digital

Growth Capital Partners has taken a minority stake in Hippo Digital, marking the second investment of its Fund V.
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New owner for Caterham Cars

Sports car brand Caterham Cars has been acquired from businessmen Tony Fernandes and Kamarudin Meranun by Japan-headquartered automotive group VT Holdings.
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Business

Permanent placements rebound in March – report

Permanent staff appointments rose for the first time in three months during March, according to new research from KPMG and REC.
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Coffee shop awarded Arts Council funding

A coffee shop in Coventry has been awarded £78,000 of financial support from the second round of the government's culture recovery fund.
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“Resilient” period at Dunelm

Homewares retailer Dunelm has reported a "resilient" period with a boost in digital sales helping to offset the impact of store closures during the third quarter of its financial year.
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Surge in new van registrations

The new light commercial vehicle market grew by 85.5 per cent in March, according to new figures.
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Government launches online competition regulator

A new regulator designed to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle online innovation has launched.
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Property

Springfields Retail Park acquired for £8m

Glenbrook Investments has completed the acquisition of Springfields Retail Park in Newcastle-under-Lyme in an off-market transaction for £8m.
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Green light for almost 100 homes at Port Loop development

House by Urban Splash has been given the green light to provide almost 100 homes in the next phase of development at Port Loop in Birmingham.
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Extensive commercial development proposed

An extensive commercial development has been proposed in Shropshire aiming to provide flexible workspace for businesses.
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Dandara Living secures £60m facility for BTR pipeline

Dandara Living, a developer of large-scale build-to-rent properties, has secured a £60m green revolving credit facility from HSBC UK.
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Finance facility secured for Dumbleton Hall Hotel upgrade

OakNorth Bank has provided a bespoke finance facility supporting the acquisition and redevelopment of the grade II-listed Dumbleton Hall Hotel.
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Aptumo opens Melbourne office

Aptumo, a Walsall-based water customer billing platform operated by Echo Managed Services, has launched its Australian business with the opening of a Melbourne office.
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Manufacturing

Pre-tax losses cut at fresh food producer

A Worcestershire-based fresh food producer has cut its pre-tax losses following action taken to simplify the business, according to new documents.
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Volvo reports best Q1 in its history

Volvo Cars has reported the best first quarter in its history with a strong sales increase in the UK contributing to the successful period.
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Other News

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Member Exclusive News

FireAngel signs partnership agreement for new R&D programme

Coventry-based supplier of home safety products FireAngel has signed a long-term partnership agreement with a German partner to provide a fully funded research and development programme for a new generation smoke alarm.
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Worcestershire vineyard brought to market

A Worcestershire vineyard has been brought to market by chartered surveyor Fisher German.
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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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