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West Midlands
Monday 21 September 2020

Latest News

Top Story

Property investor makes half-year loss after pandemic bites

A Birmingham-headquartered property investment company has said its business model has "proved itself to be resilient" against "extremely challenging circumstances". However, it fell to a pre-tax loss despite a rise in turnover.
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Insider Feature
Feature 1

Business Matters: Preserving cash through tax reliefs

David Nolan at Claritas Tax discusses two commercial areas of tax which may help cash-flow.
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Deals

Rolls-Royce considering £2.5bn finance boost

Rolls-Royce is "evaluating the merits" of raising £2.5bn to boost its finances which have been hit hard by the Covid-19 pandemic.
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Largest shareholder in Portmeirion lowers stake

The largest public shareholder in Stoke-on-Trent-headquartered homewares maker Portmeirion has lowered its stake.
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Business admin software firm passes crowdfunding milestone

A Wolverhampton-based technology specialist which has developed business admin software has now raised more than 250 per cent of its crowdfunding target.
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Urban Logistics to raise £130m

Urban Logistics has solidified plans to raise £130m as it looks to continue expanding.
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Mercia makes £40m SME commitment

Mercia has outlined details of an additional commitment to its debt funds as it looks to back more UK SMEs over the next five years.
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Gymshark’s US PE investment named Deal of the Month

A US private equity firm taking a significant stake in fitness apparel business Gymshark in a move that valued it at more than £1bn has been named Insider's Deal of the Month for August.
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Insider Feature
Feature 2

Business Matters: St Modwen talks sustainability and wellbeing at its Midlands’ sites

Gemma Butler from St Modwen Industrial & Logistics talks about the company’s upcoming new phases at two of its landmark Midlands sites and how they’re adapting to meet environmental and wellbeing requirements from occupiers and tenants.
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Business

Turnover steps past £100m at Deichmann

Turnover at the UK arm of German shoe retailer Deichmann stepped past the £100m mark during its latest financial year.
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Rail franchising system brought to an end

The government has put an end to rail franchising and set out plans for a new system designed to provide a "simpler, more effective" structure.
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Company secures £13m Wales contract

A Lichfield-based company has won a contract worth £13m to develop and manage a national Critical Care Information System for Wales.
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Superdry results impacted by Covid disruption

Revenues have slipped at clothing brand Superdry, with its performance for its financial year "materially impacted" by the outbreak of Covid-19. Losses also widened.
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Return to growth in UK tourism sector - report

The UK tourism and recreation sector returned to growth for the first time since February, according to the Lloyds Bank’s UK Recovery Tracker.
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Property

Flats tipped for old hospital site

Part of a former hospital in the Selly Oak area of Birmingham could be transformed into almost 50 apartments after the plans were recommended for the go-ahead.
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Building contractor handed £8.44m school project

A building contractor has been awarded an £8.44m contract by Shropshire Council to expand primary school provision in north Shrewsbury.
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Former leisure centre site up for sale

The former site of a leisure centre in a Shropshire town has been put up for sale.
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Funding partner sought for industrial scheme

A Worcestershire-based property development and investment company has launched its search for a forward funding partner for an industrial scheme let to an American aerospace and defence business.
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Manufacturing

Results decline predicted for aluminium giant’s UK arm

The Birmingham-based UK arm of a European aluminium giant, which has worked on projects such as Wembley Park, has forecast a decline in both its turnover and profit margin as a result of the Covid-19 pandemic
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Profits rise at UK arm of global manufacturer

Full-year profits have risen at the UK arm of a global manufacturer and distributor of aerial work platforms and material handling equipment despite Brexit-related issues resulting in a reduction in turnover.
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LEVC’s first electric van reaches testing milestone

Warwickshire-based LEVC's first electric van has successfully completed another milestone ahead of its production start in the fourth quarter of 2020.
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Other News

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

Member Exclusive News

Stoke City extend Tile Mountain partnership

Stoke City have further strengthened of the Championship club’s commercial ties with Tile Mountain.
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West Brom sign deal with global multi-asset investment platform

West Bromwich Albion have announced a new partnership with global multi-asset investment platform eToro.
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