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West Midlands
Wednesday 16 September 2020

Latest News

Top Story

Oil and gas company makes £12m acquisition

An independent oil and gas exploration and production company has acquired a geothermal energy generation business in Stoke-on-Trent. The total consideration could rise to a maximum of £12m.
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Insider Feature
Feature 1

Ask the Expert: Fuelling business growth in a post-Covid world

Keith Rose, director, business development (Midlands Region) at Arbuthnot Commercial Asset Based Lending Limited, offers his expertise business growth in a post-Covid world.
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Deals

Rubber products maker buys vacuum moulding firm

A rubber products maker based in Shropshire has acquired a vacuum moulding company in Lancashire.
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Next agrees joint venture for Victoria’s Secret UK arm

Retail giant Next has agreed a joint venture deal for the UK and Ireland business of Victoria's Secret.
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Sweden advisory firm merges with Clearwater

A Sweden-based advisory business has merged with Clearwater International, which has an office in Birmingham.
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Burberry reveals final terms for sustainability bond

Luxury fashion brand Burberry has revealed the final terms of a £300m bond that will fund a range of sustainability projects.
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Regulator to look at proposed facilities management deal

Mitie's proposed £271m deal to acquire Interserve's facility management business is to be looked at by the Competition and Markets Authority.
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British Business Bank lending surpasses £8bn mark

Lending to businesses at the British Business Bank has surpassed the £8bn mark, according to new documents.
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Business

Results rise for education catering group during acquisition year

Turnover and pre-tax profits rose at a Birmingham-headquartered education catering group during the year it was acquired by a French counterpart, new documents have revealed.
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Telent awarded lucrative Openreach contract

Warwick-headquartered technology giant Telent has been awarded new work from Openreach to support the UK’s biggest ultrafast broadband build.
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Job-creating battery recycling facility to open

A new battery recycling facility will open in Willenhall next month, with plans to create 30 new jobs over the next two years.
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Energy storage and battery company clinches new partnership

A Telford-based energy storage and battery company has clinched a new partnership deal as part of a strategic plan to help it expand.
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Property

Birmingham expansion for national property consultancy

A national property consultancy has secured 12,000 sq ft of office space on the eighth floor of Two Snowhill, Birmingham.
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New Look CVA approved by creditors

The company voluntary arrangement proposed by fashion retailer New Look has been approved in a move that safeguards jobs.
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Site earmarked for new flats sold in £1.2m deal

The site of an empty office building in Lichfield which is earmarked to be transformed into 35 apartments has been acquired for £1.2m.
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HS2 trialing AI to cut carbon emissions

HS2 is trailing artificial intelligence in order to cut carbon emissions.
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Demolition of city’s old railway station building completed

The full demolition of Wolverhampton’s old railway station building has been completed.
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Partnership to create £125m nursing and dementia care home portfolio

Care home operator Allegra Care and Moorfield Group, a specialist real estate fund manager, have formed a partnership with the aim of creating a £125m portfolio of modern nursing and dementia care homes.
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Redrow upbeat despite ‘profound impact’ of pandemic

Listed housebuilding giant Redrow Homes has shed light on the "profound impact" the Covid-19 pandemic has had on its performance. However, executive chairman John Tutte remained upbeat with the company sitting on a record order book.
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Manufacturing

Weetabix surges back into the black

Cereal giant Weetabix surged back into the black during its latest financial year as its revenue further increased past the £300m mark.
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Historic snack maker’s sales up as demand rises during pandemic

A snack maker which was founded in 1886 has said the Covid-19 pandemic has helped sales jump 10 per cent during 2020.
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Jaguar unveils new F-PACE model

Jaguar has unveiled a new version of its F-PACE model – a plug-in hybrid variant which also includes an overhauled interior.
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Other News

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Member Exclusive News

Wolves name new shirt sleeve sponsor

Wolverhampton Wanderers have announced an aerospace parts provider as the club’s official shirt sleeve sponsors.
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Leisure company continues Shrews support

A leisure company has pledged its continued support of Shrewsbury Town Football Club by extending its stand sponsorship at the Montgomery Waters Meadow stadium for another season.
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