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Top story
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TTG sets out acquisition trail
Derby communications business Team Telecom Group (TTG) has bought IT consultancy C&C Technology – its first acquisition since a £32.8m management buyout backed by Gresham Private Equity and HSBC in May 2010. Mike Norfield, chief executive of TTG, confirmed to Insider that the company had "two or three" more targets in the pipeline.
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Deals
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Sterling Capital enters WLB joint venture
Commercial finance brokerage Sterling Capital Reserve has announced a partnership with Whiteaway Laidlaw Bank (WLB). Nottingham-based Sterling said the new venture would offer an alternative lending option for businesses in the region.
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Small caps face acquisition danger, says survey
Smaller AIM companies could increasingly fall victim to takeovers. That's the view of Richard Baker, partner at the Midlands office of tax and advisory firm Crowe Clark Whitehill.
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Property
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University plans £30m doctor school
The University of Leicester has unveiled plans for a £30m training facility for doctors being taught in the city. The Medical Teaching Building will comprise teaching rooms and computer laboratories and will become one of the most energy efficient buildings of its kind in the UK, said the university.
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Wildgoose completes theatre scheme
Derbyshire-based Wildgoose Construction has completed work on a £2.7m project to rebuild a school theatre. Derby-based architect Matthew Montague also worked on the 400 Hall theatre complex at Repton School.
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Business
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Manchester Hosiery calls in administrators
Hinckley-based retailer Manchester Hosiery has fallen into administration. Derby business adviser Dains has been appointed to manage the company's affairs as it seeks a potential buyer for the business.
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SMS Electronics takes Sunday Times top spot
Nottingham-based SMS Electronics has been awarded the number one spot in the Sunday Times HSBC International Track 100 league table. The company has experienced international sales growth of 418 per cent over the last two years.
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Ad revenue cuts hit Johnston Press
Johnston Press has reported a 10.6 per cent fall in advertising revenue for the 18 weeks to 7 May 2011. The company owns almost 20 newspaper titles across the East Midlands, including the Northampton Mercury and Harborough Mail.
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Exporters a bright spot in sluggish economy – CBI
The CBI’s latest economic forecast has predicted that exporters will continue to drive the UK's recovery – although the business organisation has warned that growth will be "choppy and lacking in vigour".
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