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West Midlands
Monday 14 October 2019

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Turnover passes £2bn at Jewson amid Brexit preparations

Turnover has passed £2bn at builders' merchant Jewson, which can trace its roots back to the 1830s, during its latest financial year. However, newly filed accounts have also revealed it made a pre-tax loss after making an impairment of £233m to guard against Brexit uncertainty.
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Insider Feature
Feature 1

Business Matters: Foreign Direct Investment (FDI) across the UK

Recently, EY partnered with the Centre for Towns to examine Foreign Direct Investment (FDI) across the UK, looking back over the last two decades, with some interesting findings. Simon O'Neill, managing partner at EY in the Midlands explains their findings.
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Deals

AI Tech start-up completes funding round

An AI technology start-up founded by three friends from Aston University has completed a Series A funding round, led by BP Ventures.
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Builders’ merchant merger create £180m-turnover group

Two building supply companies have merged to create a £180m-turnover group with a 750-strong workforce.
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CMA invites comment on £1.3bn pub deal

The Competion and Markets Authority (CMA) has invited comments on the proposed takeover of pub owner and operator Ei Group by the private equity-backed company behind Yates's, Slug and Lettuce and Walkabout.
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Insider Feature
Feature 2

Business Matters: How your phone system can make, not cost your business money

Amelia Ebdon, marketing manager at Network Telecom, says high quality phone systems are essential for all types of business, to ensure maximum efficiency, productivity and profitability.
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Business

Coventry Building Society CEO to retire

The chief executive of Coventry Building Society is to retire.
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£250m funding for culture and creative sector

A new £250m fund has been launched to support the culture and creative sector.
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Budget scheduled for November

The Chancellor Sajid Javid has announced he is planning to hold a Budget on 6 November 2019.
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Law change and costs combine to impact Interflora UK

A change in the law and an increase in operating costs contributed to a dip in turnover and profits in the latest accounts for Interflora UK, but the flower delivery giant said it was looking to achieve medium- to long-term growth through a focus on consumers, its florist partners and supply chain efficiency.
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New venues boost Arc Inspirations turnover

Turnover has grown by almost £4m at Arc Inspirations, which operates 17 bars and restaurants in the North of England, boosted by a number of new venues.
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Insider Feature
Feature 3

Ask the expert: Whose technology is it anyway?

Universities have a huge amount to offer businesses in collaborative research and development projects, but who owns the technology?
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Property

Government awards £350m to stalled hospital project

The government has awarded £350m in funding to reignite the Midland Metropolitan hospital project, which stalled followed the collapse of Carillion in 2018.
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Plans unveiled for new apartments

Plans have been unveiled for the creation of more than 60 apartments in a new block in Birmingham.
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Manufacturing

Profits rise at window furnishings maker

Pre-tax profits have risen at a window furnishings maker that started life in a garage in 1971 despite a fall in its turnover, new accounts have revealed.
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Crisp maker hails strong performance in year of acquisition

Seabrook Crisps has hailed a strong performance in its latest financial results, covering the period of its acquisition by the UK arm of a global snack company. The deal is expected to support further growth for the company going forward.
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Other News

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