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West Midlands
Wednesday 3 June 2020

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Pandemic hits building society’s pre-tax profits

Pre-tax profits have slumped at West Bromwich Building Society after "absorbing a significant impact from the potential economic consequences of the Covid-19 pandemic lockdown".
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Insider Feature
Feature 1

Business Matters: Where next for dealmaking

Andy Gregory, head of investments at BGF, takes a look at what the future holds for dealmaking.
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Deals

Former major shareholder reduces Aston Martin stake

A former major shareholder in Aston Martin has further reduced its stake in the luxury car maker.
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Jobs safeguarded as “substantial” part of Oddbins sold

Jobs have been safeguarded after a "substantial part" of the business and assets of high street wine retailer Oddbins was sold out of administration.
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Bank boost for cable management supplier

A Birmingham-headquartered cable management supplier has been able to maintain much of its day-to-day operations during the coronavirus pandemic and secure the jobs of its 19 staff after receiving a £180,000 boost.
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OakNorth hails funding support in unprecedented time

The head of debt finance at OakNorth Bank has said the fallout from the coronavirus pandemic 'could be worse than the 2008 financial crash', but hailed the government's "phenomenal" financial support for businesses during an unprecedented time. 
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Lenders hit £31.1bn coronavirus milestone

Lenders have approved £31.3bn to more than 745,000 businesses so far through the three major government-backed lending schemes, according to new figures.
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Business

Challenging year for Cambridge & Counties Bank

The chairman of Cambridge & Counties Bank, which has a base in Birmingham, has branded 2019 its most challenging since its inception.
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CBRE re-opens Birmingham base

CBRE has re-opened its Birmingham office, with employees returning to the Temple Row base in a phased approach and in accordance with government guidance. 
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Two British Grand Prix confirmed

Plans to hold two British Grand Prix at Silverstone this summer have been officially announced by F1.
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Ryanair traffic plummets as disruption continues

Traffic at Ryanair plummeted during May after operations were heavily impacted by the ongoing pandemic.
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Shares sale surges after “excess demand”

The number of shares sold in Gateley surged to 5.5 million due to "excess demand", the listed law firm has said.
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Property

Plans in for latest city centre tower

A 35-storey tower featuring hundreds of apartments and a 230-bed hotel could be constructed in Birmingham, according to new plans.
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Proposals submitted for £18.5m homes scheme

Plans for a £18.5m development to create 125 new homes in Staffordshire have been submitted.
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£7.5m deal signed to complete scheme’s fourth phase

A £7.5m deal has been signed to complete the fourth phase of a 400-acre mixed-use development in Burton-upon-Trent.
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Games developer expanding with office move

A games developer in Leamington Spa is set to expand with a move to new, bigger offices in the town centre.
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Manufacturing

Brick maker puts hundreds of jobs at risk

Up to 375 jobs have been put at risk by brick making giant Ibstock because of the impact of the ongoing Covid-19 pandemic. It is also considering "selective" site closures.
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Law firm advises GKN on Ventilator Challenge UK

Law firm Browne Jacobson provided pro bono advice to global engineering giant GKN Aerospace in its role as a member of Ventilator Challenge UK.
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Other News

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

Member Exclusive News

Record sales week for small housebuilder

Solihull-headquartered small housebuilder Hayfield has recorded the highest number of weekly sales in the company’s three-year history.
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Warwick Castle to partially reopen

Warwick Castle' grounds and gardens are set to reopen from Saturday 6 June, it has been confirmed.
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