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West Midlands
Wednesday 6 May 2020

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National Express reveals significant placing to combat crisis

Birmingham-headquartered National Express has revealed a proposed placing of up to 19.99 per cent in order to boost its "resilience and financial flexibility" in the face of the Covid-19 crisis.
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Insider Feature
Feature 1

Business Matters: Covid-19 – a crisis apart

As the economic fall-out from Covid-19 bites, John Swarbrick, head of portfolio at BGF, considers what management teams can do to navigate the here and now.
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Deals

Electric black cab maker boosted by £1.25m loan

A Coventry-based manufacturer of all-electric black taxis has secured a £1.25m loan.
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Investor ups stake in listed business

An investor which can trace its roots back to 1857 has upped its stake in a listed Warwickshire business.
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Mercia invests £1m into genetics company

Warwickshire-headquartered Mercia Asset Management has completed a £1m investment into an Oxford genetics company.
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CMA blocks Footasylum deal as Cowgill slams decision

JD Sports has been told to sell Footasylum after the CMA found that the £90m deal – which completed last year – would leave shoppers worse off. Chairman Peter Cowgill has slammed the decision, which he said had relied on an "inaccurate and outdated analysis of the UK sports retail competitive landscape".
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Mobility equipment maker secures loan

A Shropshire company that makes mobility equipment for organisations including the NHS and charities has secured a Lloyds Bank loan as it grapples with a slowdown in orders because of Covid-19.
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Business

Queen’s Award winner hails successful year

A Queen's Award-winning provider of secure voice, data and satellite communications has hailed its latest financial year as a success.
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Results rise at electrical engineering giant

Turnover and pre-tax profits increased at a Warwickshire-headquartered electrical engineering company, which has worked with the likes of the Royal Navy and the NHS, during its latest financial year.
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Halfords’ April sales “better than anticipated”

Halfords has hailed its April performance as "better than anticipated", with sales dropping 23 per cent because of the Covid-19 crisis.
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Virgin Atlantic to slash 3,150 jobs amid Covid-19 crisis

Virgin Atlantic has revealed plans to pull out of London Gatwick Airport, carry out a major rebrand and close a chunk of its retail stores as part of its plans to "reshape and resize the business" in response to the coronavirus pandemic. The process is expected to impact more than 3,000 jobs.
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BGF ‘can and will do more’ after “strong year”

The chief executive of BGF has hailed a "strong year" for the investor and vowed to continue supporting companies seeking capital through the pandemic and beyond.
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New car market plummeted 97 per cent in April

New UK car registrations plummeted 97.3 per cent in April because of the Covid-19 pandemic, new figures have revealed.
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Property

West Midlands Interchange given go-ahead

The West Midlands Interchange project, which could create 8,550 new jobs, has been granted consent.
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Retail parks deal worth £400m collapses

Hammerson has moved to terminate a £400m deal to sell nine retail parks after the buyer did not complete the transaction on the agreed date.
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Homes for old Dyson factory site approved

A bid to construct new homes on the former site of a Dyson factory in Stoke-on-Trent has been approved.
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Manufacturing

Fitness equipment maker expands after LEP support

A Shropshire manufacturer of fitness equipment is expanding and taking on new staff after getting help from a funding programme supported by the Marches Local Enterprise Partnership.
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“Significant progress” made in €4m project

"Significant progress" has been made by a €4m study led by Keele University to support emerging technology for combustion engines.
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Other News

Virgin Money UK profits hit by Covid-19 charge

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Member Exclusive News

New board member for CWLEP

The Coventry and Warwickshire Local Enterprise Partnership (CWLEP) has appointed a new board member.
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Senior hire for automation specialist

A Halesowen-based material handling, automation and maintenance specialist has made a new senior hire.
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