Today's West Midlands business news from Insider |
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West Midlands
Monday 16 July 2018

Latest News

Top Story

Historic drinks maker’s chief executive steps down

The chief executive of a historic Black Country drinks maker has stepped down, Insider can reveal.
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Deals

Sale talks continue as further Poundworld closures revealed

Poundworld administrators have revealed that a further 80 stores are set to close with more than 1,000 jobs lost. However, they remain in talks with potential buyers for the remaining business.
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Timetable set for CYBG’s Virgin Money takeover

The timetable has been revealed for the £1.7bn acquisition of Virgin Money by CYBG, the listed group behind Clydesdale Bank and Yorkshire Bank.
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Clothing label launches pitch for funding

A clothing label has launched a pitch for funding in a bid to expand into the US.
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Insider Feature
Feature 1

Business Matters: Future-proofing skills for the evolving automotive industry

Michelle Connors, enterprise and commercial manager in Coventry University’s Faculty of Engineering, Environment and Computing, reveals how the university is working with a commercial partner to future-proof skills in the automotive industry.
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Business

£10m funding secured amid property deals

Birmingham-headquartered Real Estate Investors has revealed it made property acquisitions totalling £7.5m during the second quarter of 2018 and has also secured a new £10m funding facility with RBS.
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IM Group reports turnover and profits dip

Property, automotive and finance giant IM Group, which is headquartered in Birmingham, has reported a dip in its turnover and profits for its latest financial year.
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Confidence rises to post EU vote high

Business confidence in the West Midlands has risen to its highest level since the EU Referendum in 2016 but has failed to lift investment plans, according to new data.
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New culture secretary meets with Coventry City of Culture team

The new culture secretary has met with the team which is delivering Coventry’s UK City of Culture 2021 programme.
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Turnover tops £2bn at luxury motor retailer

Turnover has passed the £2bn milestone at luxury car retailer Jardine Motors Group, which trades as Lancaster and has sites across the West Midlands.
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UK growth at lowest level since 2012 – EY ITEM Club

Growth in the UK economy is set to be at its weakest since 2012 due to a combination of higher inflation, reduced consumer spending and a loss of momentum in the eurozone economy, according to the latest forecast from the EY ITEM Club.
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Property

£350m employment park plans take step forward

Plans to create more than 2.8 million sq ft of industrial space in Birmingham as part of a £350m scheme, which could create up to 10,000 jobs, have taken a major step forward.
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Cyber security centre secures £9m

A joint venture between a university and a county council has secured £9m to develop a new Centre of Cyber Security in Hereford.
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Final approval for major housing estate plans

A scheme for more than 400 homes near Coventry has been given the final go-ahead.
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West Midlands house prices predicted to surge

House prices in the West Midlands are on course to grow almost 5 per cent during 2018, according to new figures from PwC.
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PE-backed manufacturer in Coventry relocation

A company which was recently backed by a private equity firm is to relocate from its base in Leamington Spa to Cyan Park in Coventry as part of a multimillion-pound investment.
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Detailed plans submitted for commercial developments

Developer and regeneration specialist St Modwen has submitted reserved matters for 879,000 sq ft of commercial space across three of its Midland sites.
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Property portfolio snapped up for £30m

A portfolio of six single-let industrial units spread across the West Midlands and the North East has been snapped up for £30m.
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Insider Feature
Feature 2

Business Matters: A quick guide to reducing waste costs for businesses

Francis Armstrong of Biffa offers his advice when it comes to reducing your company’s waste costs.
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Manufacturing

Rolls-Royce to unveil flying taxis plans

Rolls-Royce could start manufacturing parts for flying taxis by 2020, according to plans set to be unveiled at the Farnborough Air Show this week.
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Turnover milestone reached for manufacturing giant

Turnover has surged past the £400m mark at the Worcester-based UK arm of Japanese group Mazak, one of the largest manufacturers in the Midlands, while profits have also jumped.
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Chair maker to the Queen gets business support

A chair maker, whose customers include the Queen as well as high street retail giants, has received support from the Coventry and Warwickshire Local Enterprise Partnership Growth Hub.
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Results success for Indian snack foods maker

The company behind an Indian snack food brand which is sold in major UK supermarkets has increased its turnover and profits in its latest financial year.
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Other News

BRAND NEW 2018 Midlands Top 500 Companies available now - contact 1000s of decision makers

Insider Feature
Feature 3

Invest Yorkshire Prospectus 2018

This Insider guide details the many sectors that we excel in, just what this region can offer incoming businesses and why it should be the first choice for any investor.
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Member Exclusive News

Christmas target for town centre redevelopment scheme

A project to build a 60-bedroom Travelodge, drive-thru takeaway and three retail units on the 35,000 sq ft site in Walsall town centre, which will create 100 jobs, is on target to be completed by Christmas.
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Communications agency reveals Birmingham expansion plans

A communications agency which works in the property sector and with the likes of Jaguar Land Rover, HS2 and Highways England, is to move to a larger office in Birmingham.
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Services & Guides

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Corporate Finance Directory

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Best Places to Stay

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