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West Midlands
Insider News
Thursday 19 May 2022

LATEST NEWS

TOP STORY

A proposed cash offer for HomeServe, which values the home repairs and improvements business at £4.07bn, is to be recommended to shareholders.
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INSIDER FEATURE

Gareth Lewis, associate director for business development in Coventry University's subsidiary company PeoplesFuture Ltd, explains how the team at PeoplesFuture are helping businesses tackle the skills and workforce shortage.
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DEALS

An £11.5m deal has been struck for Knights to acquire an independent South East law firm, with the acquisition "significantly expanding" the company's presence in the region.
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Three University of Birmingham students who developed a software platform designed to cut the time it takes teachers to mark maths and science papers have raised £800,000 to help them commercialise the system.
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A Warwickshire packaging business has secured a £2m funding deal with HSBC UK to enhance its automation capabilities.
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Law firm Blake Morgan has supported chartered surveying practice Smithers Purslow throughout its acquisition by legal and professional services group Gateley.
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A child's bike subscription service is gearing up for national and European expansion after closing a £16.75m investment.
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The £91.5m acquisition of property search and conveyancing services provider TM Group could lead to a worse deal for homeowners, the Competition and Markets Authority (CMA) has provisionally found. The watchdog believes that the only effective way to address the issues it has identified would be for the company to be sold to a suitable buyer.
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INSIDER FEATURE

Fiona Holloway, associate partner at Claritas Tax, says it's no secret that millions of us are feeling the pinch at the moment. With sky high inflation rates, rising costs and interest rates and stellar energy bills, not to mention tax increases and the freezing of allowances which research predicts will bring over 1.2m people into higher rates of tax, surely we can rely on great trading conditions to steer us round from a now widely-predicted recession.
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Nic Ferrar from Adamson Jones says there are many benefits to expanding your business to overseas markets – capturing a greater market share, increasing profitability, and growth being the main ones. In the current economic climate, innovation is key if UK manufacturers are to add value to their products to avoid competing solely on cost with goods manufactured elsewhere in the world.
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PROPERTY

Details have been revealed of a landmark mixed-use project aiming to provide thousands of homes in Birmingham.
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Construction has commenced on a 113,000 sq ft industrial unit which is expected to provide up to 200 jobs in Walsall.
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A housebuilder has acquired a Tata Steel-owned site in Brierley Hill to pave the way for the development of more than 70 homes.
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Detailed plans have been submitted for the construction of 150 homes in Coventry.
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A historic canalside site in the Black Country with plans submitted to build 50 apartments has been brought to the market for £1.2m.
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Lancashire-headquartered Sales Geek has opened a new office in Coventry headed by an experienced sales director to help businesses in the city and Warwickshire improve their sales. 
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The final phase of a poultry company's £12m expansion project in Wolverhampton has been approved.
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INSIDER FEATURE

Keith Rose, director, business development (Midlands and South West) at Arbuthnot Commercial Asset Based Lending, explores how businesses in the region can maximise their opportunities to drive growth through acquisitions this year.
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BUSINESS

A social care services specialist is looking to create 50 jobs in the Black Country after launching its latest venture.
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Mid-market corporate finance house Clearwater International has launched a new division which it believes could unlock £250m of new domestic and international investment for high-growth businesses during the next three years.
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Birmingham-headquartered The NEC Group has made a senior appointment as part of plans to merge two separate business areas.
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Begbies Traynor Group expects to report rises in revenues and profits in its latest financial year, with growth driven by recent acquisitions. The company said it plans to make further buys to "build our scale and range of complementary services".
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MANUFACTURING

The chief executive of Stoke-On-Trent-based homeware company Portmeirion Group, which trades under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, has hailed the company's "good momentum" after a strong start to the year.
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Floorcoverings maker Headlam Group has said the company is "well positioned" despite a dip in performance in the residential sector.
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The UK's new bus and coach market grew by almost 50 per cent during the first quarter of 2022, according to the latest figures, but remained below pre-pandemic levels.
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OTHER NEWS

MEMBER NEWS

A Staffordshire printing company has created jobs thanks to a grant from a business support partnership.
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Nottingham-headquartered Focus has been appointed to the £8m restoration of the family home of prominent Victorian politican Joseph Chamberlain in Birmingham.
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UPCOMING EVENTS

SERVICES & GUIDES

Find an adviser to help you buy, sell or invest in a business.
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The region's top places to hold events, conferences and meetings.
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The region's top hotels and accommodation.
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