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West Midlands
Thursday 20 August 2020

Latest News

Top Story

Chocolate maker reports results after year of investment

A Birmingham-headquartered chocolate manufacturer has described the results of its latest financial year as "satisfactory" after a period of investment.
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Insider Feature
Feature 1

Business Matters: Redundancy and Covid-19: Five pitfalls to avoid…

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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Deals

SaaS firm nears fundraising milestone

A Solihull-based software as a service (SaaS) business has raised almost half of its crowdfunding target.
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CMA opens investigation into brewery giants’ joint venture

The Competition and Markets Authority (CMA) has officially launched an investigation into joint venture deal between brewing giants Marston's and Carlsberg UK.
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Goldman Sachs snaps up Dignity stake

Goldman Sachs has taken a stake in Sutton Coldfield-headquartered funerals provider Dignity.
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British Business Bank approves four more CBILS lenders

The British Business Bank has approved four additional lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Deloitte advises on £25m investment

The Birmingham office of Deloitte advised on the £25m investment from DIF Capital Partners in fibre broadband provider 4th Utility.
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Assetz Capital partners with Nordic firm

Assetz Capital has signed a funding deal with a Nordic financing provider to contribute to its lending under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Revenue rises to almost £4bn at acquisitive retail giant

Revenue at the group behind the likes of Sports Direct and House of Fraser jumped closer to the £4bn mark during its latest financial year, although pre-tax profits dipped by almost 20 per cent. It is now set to invest more than £100m in a "digital elevation strategy".
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Retail supply chain services business returns to pre-tax profit

A retail supply chain services business returned to making a pre-tax profit during its latest financial year as its turnover neared the £25m mark.
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HomeServe names new UK CEO

Walsall-headquartered HomeServe has named a new UK chief executive.
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New group MD for machinery seller

A new group managing director has taken over at a Burton-upon-Trent machinery seller.
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Mothercare completes franchise deals

Mother and baby retailer Mothercare has completed a number of franchise agreements - including a deal with Boots - and confirmed talks to "modernise and improve" its commercial relationships. It comes almost a year after the company went into administration.
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Lookers boosted by healthy signs of recovery

Lookers is beginning to see some "healthy signs of recovery" in vehicle sales.
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Vertu Motors in a “significantly better position than anticipated”

Listed car retail group Vertu Motors is said to be in a "significantly better position than anticipated during the lockdown" following strong trading in July.
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Property

Central Birmingham hotel acquired

A central Birmingham hotel has been snapped up by SevenCapital.
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Escape room planned for empty offices

Office space in a Warwickshire town which have been vacant for a year has been earmarked for a new escape room venue.
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Commercial estate fully let after new deal signed

A Birmingham commercial estate has reached full capacity after a new deal was signed.
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Green light for more than 30 homes

More than 30 homes are to be built in Shrewsbury after the plans were approved.
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Manufacturing

Half-year loss for ceramics maker as Covid bites

Stoke-on-Trent-headquartered Churchill China slipped to a pre-tax loss during the first half of its financial year while revenue also dipped due to the impact of the Covid-19 pandemic.
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Other News

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

New MD for event management specialist

A Coventry-based event management specialist has appointed a new managing director.
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Property development business hires new director

A Birmingham property development business has hired a new director.
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