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Top story
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Profits up at Norbert Dentressangle
Northampton-based logistics giant Norbert Dentressangle “regained momentum” in 2010, according to its chief executive. The France-headquartered company reported growth across all of its transport and logistics divisions for the year ending 31 December 2010, as sales increased to €2.9bn (£2.46bn). Revenue at the company grew 4.4 per cent over the 12-month period, during which it acquired two businesses.
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Deals
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Mercedes-Benz completes Brawn GP takeover
The remaining stake in the Northamptonshire-based Mercedes-Benz Grand Prix team has been sold. Mercedes-Benz brand owner Daimler AG and Aabar Investments PJSC have purchased the final 24.9 per cent share from Brawn GP.
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Melrose continues subsidiary sell-off
Warwickshire engineering company Melrose has sold its subsidiary business Brush Traction, based in Loughborough. The business was acquired by a US engineering company for more than £19m.
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Indian acquisitions on the rise, says Grant Thornton
There was a sharp increase in Indian takeovers in the UK last year, according to merger and acquisition statistics from accountancy firm Grant Thornton. Indian companies announced 24 deals targeting UK assets valued at £571m last year.
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Business
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Directors sought for key survey
Insider is carrying out a major survey of director attitudes to coincide with our forthcoming Midlands Directors Forum. We will be presenting the results of the survey at the event which will be held at the Hotel du Vin in Birmingham on 21 March and to this, we would welcome your views and opinions. To complete this less than five minute online form please click here.
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Shakespeare Putsman introduces new COO
Law firm Shakespeare Putsman has recruited Steve Taylor to the newly-created role of chief operating officer (COO). Taylor joins the Birmingham-based firm from DHL Europe where he was vice-president of human resources for northern Europe with responsibility for 10,000 colleagues in nine countries.
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Alliance Boots signs deal with Carrefour
Alliance Boots and Carrefour have signed a deal that will allow the Nottingham-based pharmaceutical giant to manufacture own-brand beauty products for the multinational retailer.
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Label Apeel breaks into German market
Label Apeel, the Leicester-based label manufacturer, has secured two deals with companies based in Germany.
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Disappointment over gender ruling
Insurance industry leaders have reacted with disappointment to a European ruling meaning insurers cannot charge different premiums to customers based on their gender. The European Court of Justice's ruling, which requires unisex insurance premiums and benefits, will come into effect in December 2012.
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