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West Midlands
Tuesday 7 July 2020

Latest News

Top Story

Halfords eyes profits growth as revenue set to fall

Halfords' pre-tax profits could jump by up to £20m during its current financial year, the listed retailer has revealed. However, its revenue looks set to fall. The Redditch-headquartered company has also released its accounts for the 12 months to April 2020.
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Insider Feature
Feature 1

Business Matters: Ambition will drive growth for West Midlands firms

Richard Whitwell, head of LDC in the Midlands, has said making predictions at any point in the economic cycle is difficult but doing so amidst the biggest public health emergency in living memory makes it almost impossible.
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Deals

Big stake in historic carpets maker sold

A significant portion of the shares in Worcestershire-headquartered historic carpets maker Victoria held by a US investor has been sold.
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Investment giant sells portion of Luceco holdings

A US investment giant has sold a portion of its shares in Telford-based LED lighting maker Luceco.
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Insider Feature
Feature 2

Business Matters: Restructuring

Mark Wilson, partner at Gateley, looks into how businesses will be restructuring.
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Business

Results jump at telecommunications provider

Turnover and pre-tax profits at a telecommunications provider, which works with about 2,000 small businesses across the UK, jumped during its latest financial year.
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New chairman sought for alternative lender

A new chairman is being sought for an alternative lender based in Wolverhampton.
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Record year for JD Sports

Sales have soared past the £6bn mark at JD Sports, with profits also enjoying a strong rise during a record period.
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UK new car market falls almost 35 per cent

The UK new car market dropped almost 35 per cent in June as it began to restart following more than two months of lockdown.
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Property

Supply chain specialist takes space at major employment site

A European supply chain specialist has signed up to take almost 50,000 sq ft of space at a major new St Modwen site.
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Industrial property space bought for almost £4m

A listed multi-let industrial property company has snapped up new space at a business part in Burton-upon-Trent for almost £4m.
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Approval to transform historic radio building

Approval has been granted to a fresh bid to transform a historic building in Birmingham that has housed a cinema and been used as TV and radio studios.
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Manufacturing

JCB wins £217m contract with US military

A contract worth up to £217m has been awarded to JCB to supply the US military with a fleet of specialised high speed excavators over the next eight years.
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Milestone for Aston Martin’s Goldfinger project

Aston Martin has finished work on the first car in a limited run of a new DB5 range 55 years after the last model rolled off the production line.
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Tools maker looking to double business by 2023

A Birmingham-based tools, workstations and personal protective equipment maker is looking to increase its UK headcount by about 10 per cent. The move forms a part of its plan to double the size of the business by 2023.
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Uni’s first electric superbike revealed

The design of the University of Warwick's first electric superbike has been unveiled.
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Historic manufacturer rebrands acquired business

A manufacturer and supplier of fencing and hardware products which dates back more than 165 years has rebranded a company it bought earlier this year.
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Other News

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Member Exclusive News

Classic car parts supplier gearing up for further success

A Warwickshire company which says it is the world’s longest established supplier of Austin Healey parts is gearing up for further success after securing new orders in the UK and further afield.
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New job-creating Costa Coffee opens

A new Costa Coffee has been opened on the former BBC Pebble Mill social club site in Birmingham, creating ten new jobs.
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