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Leamington Spa-based Wolseley has secured revolving credit facilities totalling £820m. The deal comes just days after the heating and plumbing giant announced it was to sell two of its subsidiaries in a multimillion-pound disposal. The two credit facilities will be used for general corporate purposes, said Wolseley, and consist of European and US funding. READ MORE...
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| Deals |
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Three West Midlands LEPs have joined forces with thier Liverpool City Region counterpart to launch a Regional Growth Fund (RGF) bid. Read More...
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A loan fund to help Walsall businesses obtain finance has been launched by Walsall Council and the Black Country Reinvestment Society (BCRS). Read More...
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Sanderson Group, the Coventry-based software and IT services business, has obtained an £8.4m banking agreement with HSBC in the Midlands. Read More...
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A total of 105 proposals linked to the West Midlands have been submitted in the second round of Regional Growth Fund (RGF) bidding. Read More...
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Accountancy firm Rabjohns has announced its plans to merge with Bishop Fleming. Worcester-based Rabjohns said the deal would create a "spread of offices up the M5 corridor" from Cornwall to the Midlands. Read More...
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| Property |
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Birmingham City University has appointed Willmott Dixon as the approved contractor for its £61m redevelopment project. Read More...
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The Titan Business Centre in Warwick has been sold for £9.8m. The site was sold on behalf of LaSalle Investment Management to clients of CB Richard Ellis Investors. Read More...
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| Business |
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The recent sale of the Pattonair subsidiary will allow Umeco to exploit "attractive long term growth prospects", it said today (2 August 2011). Read More...
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The UK's manufacturing sector has been dealt a blow after it was revealed the market shrunk during July. It is the first time the sector has slipped into contraction in two years. Read More...
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