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West Midlands
Friday 16 November 2018

Latest News

Top Story

Olympic vehicle hire firm returns to the black

A West Midlands company involved in landmark projects such as the 2012 Olympic Park and the Hinkley Point C nuclear power station has returned to profit despite a fall in its turnover, new accounts have revealed.
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Insider Feature
Feature 1

Business Matters: Managing agile workers - the impact on wellbeing and productivity

The move towards ‘agile working’ is being adopted by many organisations in response to the speed of change and the need to provide flexibility for employees but also to retain staff and increase productivity. Dr Christine Grant of Coventry University explains further.
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Deals

South Africa acquisition for produce grower

A family run Shropshire-based global fresh produce grower and trader has expanded its international portfolio after making an acquisition in South Africa.
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Sausage maker makes five-figure investment with bank support

A Kidderminster sausage manufacturer and catering butcher has invested £60,000 in new equipment to meet the demand for its Christmas product range after being supported by Lloyds Bank Commercial Banking.
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Deal for Poundworld brand completes

The acquisition of the intellectual property assets of Poundworld, including the discount retailer's trademarks, websites and the Poundworld and Bargain Buys brands, has been completed. The property entrepreneur behind the deal has vowed to return the brand to the high street.
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Music studio business receives $20m backing

A business which operates fully-automated self-service 24 hour music studios across the West Midlands has received a $20m (£15.7m) investment from a venture capital firm.
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Insider Feature
Feature 2

Business Matters: Bringing your smartphone to your desk phone

Amelia Ebdon, marketing manager at Network Telecom, discusses how business phone systems have evolved into so much more than just pieces of plastic that sit on your desk.
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Business

Patisserie Valerie owner brings in new CEO

The Birmingham-headquartered company behind Patisserie Valerie has appointed a new chief executive with significant turnaround experience to take over from Paul May who has resigned.
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Loss-making year predicted after half-year drop

A listed telematics and data supplier to global markets has revealed it expects to make a loss during its current financial year. The Coleshill-based company said customer delays and sanctions in Iran have contributed to a drop in its results.
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May vows to press on against tumultuous Brexit backdrop

Theresa May has vowed to press on with a draft EU withdrawal agreement she believes is the "right one for our country and all our people" and said she planned to dig in like the doughty former England batsman Geoff Boycott. The Prime Minister's resolve came despite a tumultuous day in Westminster involving widespread rejection of the draft deal, the resignation of two cabinet ministers and letters of no confidence.
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Senior Birmingham hire for Savills

Real estate firm Savills has hired a new associate director at its Birmingham office.
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Quarterly LFL sales up at Asda

Asda has posted a 2 per cent increase in like-for-like sales for its third quarter – its sixth consecutive quarter of growth. The supermarket group added that follow-up communication from the Competition and Market Authority on the proposed merger with Sainsbury's was in-line with its expectations.
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Insider Feature
Feature 3

Business Matters: Spotlight shines on pension schemes

Gerald Smith, partner at FRP Advisory explains how the recent commitment by industry body, the Pensions Regulator, to tighten its supervision of defined benefit pension schemes marks a further shift in the landscape that company directors need to be aware of.
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Property

Delay for £50m regeneration scheme

Plans for a new headquarters for Warwick District Council, 170 homes and a 620-space car park in Leamington town centre have been delayed.
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Mixed-use scheme aiming to boost economy

Major plans to help boost economic development in a part of Shrewsbury have been recommended for approval.
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Green light tipped for 75-homes plan

A total of 75 homes could be constructed in Nuneaton if the proposal is given the green light next week.
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Work to start on British Legion care home project

A Nottingham-headquartered company is set to start work on a £2.3m contract for an extension and refurbishment project to a care home owned and run by The Royal British Legion.
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Insider Feature
Feature 4

Business Matters: The impact factor

Paula Whitehouse, director of Aston Centre for Growth, talks about how business and business schools can work together to bridge the "scale-up gap".
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Manufacturing

Historic bicycle maker blames Brexit vote for loss-making year

An iconic bike maker  which can trace its roots back to 1885 has blamed another year in the red on margins being hit in the wake of the Brexit referendum. However, the newly filed accounts also revealed the company's turnover increased near to the £40m.
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Other News

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Member Exclusive News

Senior Birmingham appointment for environmental consultancy

A senior appointment has been made at the Birmingham office of environmental consultancy Delta-Simons.
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New board member for listed pharmaceuticals firm

Burton-upon-Trent-based pharmaceutical services company Clinigen has made a new appointment to its board.
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