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West Midlands
Tuesday 8 September 2020

Latest News

Top Story

Pandemic forces Meggitt to make huge pre-tax loss

International aerospace and defence engineering company Meggitt made a pre-tax loss of almost £370m during the first half of its financial year because of the Covid-19 pandemic.
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Insider Feature
Feature 1

Business Matters: Innovation for the crisis and beyond

Nicholas Ferrar, director and patent attorney at Adamson Jones IP Ltd, says a longer-term commitment to innovation will help businesses thrive, not just survive.
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Deals

PRS-specialist acquired by European giant

A Birmingham-based PRS-specialist developer has been acquired by a European real estate giant.
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Access Creative College backed by Apiary Capital

Education group Access Creative College, which provides its services to more than 3,000 students at campuses in London, Birmingham, Manchester, Bristol, York, Lincoln and Norwich, has secured investment from Apiary Capital.
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US investment giant cuts stake in engineering firm

A US investment giant has significantly cut its holding in a Birmingham-headquartered engineering company.
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MarketFinance secures £50m for further CBILS lending

Fintech business lender MarketFinance has secured an additional £50m from Israel’s Viola Credit to lend to UK SMEs under the CBILS initiative.
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Insider Feature
Feature 2

Business Matters: Time to Tax?

Praveen Gupta, national head of tax at Azets, talks about the possible reforms in tax and who will bear the burden of the circa £300bn missing from the treasure chest, which is the estimate of the overall public finance cost of Covid according to the Office for Budget Responsibility.
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Business

Halfords warns on second half profits

Redditch-headquartered Halfords has said it expects to make a pre-tax profit of up to £40m for the first half of its current financial year. However, the listed business has warned about its profits for the second half.
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Growth for PE-backed fertility clinic but Covid to hit 2020 revenues

A private equity-backed fertility clinic group for IVF treatment has posted financial results featuring increased turnover and earnings, but said the Covid-19 pandemic has since had a "significant impact" on revenue.
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New CFO for Unity Trust Bank

Birmingham-based Unity Trust Bank has appointed a new chief financial officer.
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Brexit concerns hit automotive logistics giant’s UK arm

The UK arm of an automotive logistics giant has blamed a decrease in its turnover on Brexit-related concerns.
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Travis Perkins falls to pre-tax loss as revenue cut

Travis Perkins made a pre-tax loss of more than £100m as its revenue fell by more than 20 per cent during the first half of its financial year. The listed company said its results were hit by the Covid-19 pandemic.
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Pizza Express closures and job cuts plans backed

Plans by Pizza Express to close more than 70 of its restaurants and cut 1,100 jobs have been approved.
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Property

Multimillion-pound headquarters site snapped up

A packaging group has acquired a multimillion-pound warehouse, which will become its national headquarters.
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Largest-ever contract won by commercial decoration company

A Henley-in-Arden-based commercial decoration company has won its biggest ever contract.
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Building for growth: share your views

Our latest survey hopes to explore how the Midlands' property and construction sectors manage their greatest challenges.
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Offices set to be converted into apartments

Proposals for a four-storey building in Birmingham to be converted into apartments have been approved.
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Manufacturing

Profits rise for LED lighting maker

Telford-based LED lighting maker Luceco has reported a rise in its pre-tax profits for the first half of its financial year. However, the company's revenue was hit by the Covid-19 pandemic.
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Other News

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

Videogame maker pushes back release of new title

Warwickshire-headquartered Codemasters has pushed back the release date for its latest videogame.
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Arena and Wasps back City of Culture

Ricoh Arena and Premiership rugby side Wasps are gearing up to support Coventry’s year as UK City of Culture after striking a major strategic partnership agreement.
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