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North Wales and Cheshire
Insider News
Thursday 10 February 2022

LATEST NEWS

 

TOP STORY

Heads of terms have been agreed for the purchase of the freehold of Wrexham AFC's Racecourse Ground one year on from the historic club's acquisition by Hollywood stars Rob McElhenney and Ryan Reynolds.
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INSIDER FEATURE

Hear from Northern Powerhouse Export Champions DT&G on how their export journey got started and how the Department for International Trade supported them to grow globally with the help of advice, guidance, and funding towards trade missions.
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DEALS

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund (NPIF), has revealed it invested £17m in 14 businesses in 2021.
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XPS Pensions Group has acquired a specialist actuarial consultancy which works with HMRC as part of its pension scheme offering across the North of England.
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The group behind brasserie and pub brands Brasserie Blanc and The White Brasserie Co, which has a restaurant in Hale Barns, has been snapped up by Alchemy Partners, with plans for major expansion in the pipeline.
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Merger talks between Royal London and LV= have ceased.
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INSIDER FEATURE

If a marriage ends and a financial settlement needs to be reached within divorce proceedings, both spouses need to provide details of their assets. Values will then need to be ascribed to those assets. It is straight forward to value an asset if it is cash in a bank account. It can be less straight forward if the asset is property, shares in a private limited company or a stock market investment. How are these dealt with? Fiona Wood, partner with McAlister Family Law, looks at the issues involved.
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Karl Bond, of Forest Distillery, talks about how enquiries from overseas turned into opportunities to sell their products all over the world with the support and advice of DIT.
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PROPERTY

A private equity-backed holiday cottage rental agency based in Chester has made a series of hires and promotions to further bolster its senior leadership team.
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A new drive thru KFC and Starbucks could be built in Cheshire, creating 60 new jobs. 
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Seven extra new business are to be built on the site of a former heliport in Holyhead to support further employment opportunities in Anglesey's enterprise zones.
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A historic Chester alleyway is being restored as part of improvement works in the city centre.
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More than £2.2m has been invested in an extensive revamp of another of Cheshire's leisure facilities.
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BUSINESS

Revenues at AstraZeneca have jumped by 41 per cent as the international pharmaceutical giant continued on its "strong growth trajectory", with the group's chief executive saying the business had delivered on its promise of "broad and equitable access" to its Covid-19 vaccine. The business has major operations in the North West.
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Telecommunications specialist Openreach is to create and fill about 250 additional jobs across Wales during 2022 – including more than 200 apprenticeships. The recruitment drive follows  a record year for hiring women engineers.
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Essar Oil UK is set to invest £45m to install a refinery furnace capable of running on 100 per cent hydrogen fuel source, thought to be the first of its kind in the UK.
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Warrington-headquartered BGEN, a specialist, multi-discipline engineering services business, has expanded its apprenticeship programme to more than 50 employees.
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A focus on collaboration, further devolution of powers and funding, and ending competition between Northern cities and towns and other parts of the country were among the main messages to come out of the third Convention of the North with NP11.
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MANUFACTURING

The UK's used car market grew by more than 11 per cent during 2021, according to the latest figures.
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The UK new light commercial vehicle (LCV) market declined by almost 30 per cent during January, according to the latest figures.
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OTHER NEWS

 

UPCOMING EVENTS

 

SERVICES & GUIDES

 

A comprehensive guide to investing in the region’s authorities, with facts, figures, statistics and key contacts.
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Find an adviser to help you buy, sell or invest in a business.
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North West’s top places to hold events, conferences and meetings.
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