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West Midlands
Tuesday 16 June 2020

Latest News

Top Story

Turnover jumps to almost £200m at pallet giant

Turnover at a Staffordshire-headquartered pallet delivery services giant jumped to almost £200m during its latest financial year, new documents have revealed.
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Insider Feature
Feature 1

Ask the expert: Should we now abandon Intellectual Property protection for the national good?

A very interesting question has arisen in light of the Covid-19 crisis: is now the time to abandon Intellectual Property (IP) protection for the national good? Brian More, director of IP Commercialisation at Coventry University, offers his advice.
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Deals

Train maker on track to expand after £1.5m boost

A Warwickshire-based designer and manufacturer of modular trains has secured a £1.5m loan.
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Coventry Rugby complete fundraising drive

Championship club Coventry Rugby have raised more than £34,000 to help them "bridge the financial chasm" caused by the coronavirus pandemic and honour their payments to local companies and suppliers.
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Investment firm takes major Purplebricks stake

A London investment firm has taken a major stake in Solihull-headquartered Purplebricks.
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Growth Street to seek institutional debt funding

Alternative finance provider Growth Street has revealed plans to phase out its peer-to-peer investment structure and seek institutional debt funding.
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Insider Feature
Feature 2

Business Matters: Delivering apprenticeships during lockdown

Tasmin Raynor, head of apprenticeships at De Montfort University, looks at how to deliver apprenticeships during lockdown.
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Business

Property litigation specialist joins Browne Jacobson

Browne Jacobson has appointed a partner to its property litigation team in Birmingham.
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Travis Perkins to make 2,500 job cuts and close branches

About 2,500 jobs are set to be cut at historic builders' merchants Travis Perkins, it has been revealed, with in the region of 165 branches also earmarked for closure.
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Joules makes pre-tax loss after pandemic hit

Listed lifestyle brand Joules is expected to report a pre-tax loss of up to £3m for its latest financial year because of the effects of the Covid-19 pandemic.
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Profits up in latest Hitachi Capital (UK) results

Hitachi Capital (UK) has reported a rise in pre-tax profit is its latest financial results with the lender set to emerge from the Covid-19 outbreak in a strong position.
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Poundstretcher sets out CVA proposals

Discount retailer Poundstretcher has set out proposals for a company voluntary arrangement (CVA) as part of a turnaround plan for the business.
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Property

Plan submitted for almost 90 new homes

A planning application for almost 90 new homes in Solihull has been submitted.
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Final phase of major industrial development completed

The final stage of a major industrial development in Wolverhampton has been completed.
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Go-ahead tipped to transform offices into student studios

A bid to convert an office building in Newcastle-under-Lyme into student studio apartments has been tipped for the go-ahead.
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£100m to drive forward affordable housing development

A major provider of affordable homes across Central and South West England has secured a £100m funding package to support plans to build 12,000 houses by 2028.
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Council takes full control of shopping centre

A council has taken full control of a shopping centre to "decide the future of the facility".
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Manufacturing

Pandemic disruption pushes JLR to £422m loss

Jaguar Land Rover (JLR) has generated a £422m pre-tax loss for its latest financial year due to the impact of Covid-19. The automotive giant also confirmed that it has "taken the difficult decision" to reduce the number of contract-agency employees in its manufacturing plants over the coming months.
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BAE Systems to take on 800 apprentices

BAE Systems is moving forward with plans to recruit a record number of apprentices, despite the Covid-19 pandemic.
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Other News

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Member Exclusive News

Potters extend stand naming rights deal

Stoke City have extended the sponsorship deal for their West Stand for a further five years.
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Firm lengthens sponsor deal with Championship side

An architecture practice has signed a new sponsorship deal with Coventry Rugby.
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