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West Midlands
Tuesday 12 May 2020

Latest News

Top Story

Stellar results for historic listed firm

Andrew Sykes Group, the Wolverhampton-based heating and air-conditioning equipment hire company founded in 1857, has reported the second-best financial performance in its history.
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Insider Feature
Feature 1

Business Matters: Office safety after lockdown

Lucy Cheatham, head of marketing at HIVE360, looks at how offices will need to prepare after lockdown.
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Deals

Adviser named for £120m placing

A partner from Squire Patton Boggs' Birmingham office advised a plastic pipes manufacturer on a share placing which raised gross proceeds of about £120m.
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Deal activity bouncing back from initial Covid-19 shock - YFM

Deal activity has bounced back strongly in recent weeks following the initial impact of the Covid-19 lockdown, according to David Gee, an investment committee member at YFM Equity Partners.
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Food group agrees deal for 550-strong meat business

The private equity-backed food group behind Young's and Karro has agreed a deal for a 550-strong meat products business.
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Insider Feature
Feature 2

Business Matters: How strategic thinking on VAT could improve your cash flow

Terri Bruce, the new director of indirect tax for SMEs and not for profits at Dains, highlights how strategic thinking around VAT could improve your cash flow.
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Business

Shares surge after PM backs cycling to work

Shares in Tandem and Halfords have spiked after the Prime Minister encouraged people who can't work from home to consider using bicycles instead of a car or public transport for their commute.
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Back to work plans welcomed by business groups

New detail on how the government plans to get people back to work in England have been welcomed by business groups.
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New CFO named for Secure Bank Trust

A new chief financial office has been appointed by Solihull-headquartered Secure Bank Trust.
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Record fall in UK business confidence - Deloitte

Business confidence across the UK has seen its largest quarterly fall on record, according to Deloitte's latest CFO Survey. The reversal comes after the Q4 2019 report showed the largest increase in sentiment in the wake of the general election.
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Warriors sign up new kit supplier

Worcester Warriors have signed a deal with an Irish-based sportswear manufacturer to become the Premiership club’s official kit supplier.
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Morrisons sales up in “highly volatile” first quarter

Morrisons sales have grown by more than 5 per cent in a "highly volatile" first quarter of its financial year.
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Insider Feature
Feature 3

Business Matters: Inheritance tax reform

John Grundy, a partner at Mills & Reeve, says although few of us are thinking longer term right now the coronavirus pandemic is likely to result in higher taxes in the future. For those with surplus funds now may be the best time to consider passing on wealth for the benefit of the next and future generations.
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Property

Green light for student plans at old ex-servicemen’s club site

The green light has been granted for almost 180 student bedrooms to be constructed on the site of an ex-servicemen's club in Birmingham.
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Up to 200 homes earmarked for Leamington Spa

Up to 200 homes could be constructed in Leamington Spa after an application was submitted to Warwick District Council.
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PPE maker to relocate headquarters

A West Bromwich-headquartered manufacturer and wholesaler of personal protective clothing and equipment is to relocate to a new 120,000 sq ft base in Birmingham.
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Lidl plans for old GKN site voted through

Part of a former GKN site in Birmingham is to be transformed into a Lidl after the proposals were voted through.
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Retirement homes bid at former landfill tipped for refusal

A bid to transform part of a former landfill site into up to 49 retirement homes has been recommended for refusal for a second time.
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Former retail unit earmarked to house university department

A former Magnet retail unit could be occupied by Coventry University while a major redevelopment scheme is carried out on part of its campus.
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Manufacturing

Jobs lost as car parts maker enters administration

Jobs have been lost after the UK trading companies of an automotive car components maker entered administration.
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Sales and profits jump at Weetabix

Sales and profits jumped at Weetabix during the first half of its parent company's financial year, new figures have revealed.
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Other News

Ryanair looks to restore some flight capacity

Hayfield restarts work on 400 homes

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Member Exclusive News

New tenants secured for city centre units

Three new tenants have been secured for retail units in Coventry city centre.
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Listed games developer names release date

Warwickshire-headquartered games developer Codemasters has announced the release date of its latest title.
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