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Sales have increased 11 per cent at Redditch-based GKN, the company said this morning. Despite its driveline division taking a £12m hit from the Japanese earthquake in March, sales rose to £2.9bn for the last six months. Sir Kevin Smith, chief executive of the engineering company, said the board was to pay a dividend of 2 pence per share on the back of the "strong" performance. READ MORE...
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| Deals |
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Three of the West Midlands' local enterprise partnerships (LEPs) have received all of the cash they asked for from the government's £5m start-up fund. Read More...
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Contract Fire and Security (CFS), based in Sutton Coldfield, has made its fourth acquisition in two years. Read More...
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Corporate finance firm Cattaneo, based in Birmingham, has advised on a share consolidation and re-registering of Hephaestus Holdings. Read More...
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| Property |
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CB Richard Ellis has been appointed to market 45,000 sq ft of office space at The Mailbox. Read More...
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Loughborough-based contractor William Davis has completed work on the £25m Crocodile Works development in Birmingham. Read More...
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Carillion's joint venture in Canada, Hospital Infrastructure Partners, has reached financial close on a £1.7bn PPP hospital. Read More...
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Construction company Morgan Sindall been appointed by South Lanarkshire Council to a £150m modernisation framework. The Warwickshire-based company will work on the council's programme for its primary schools estate. Read More...
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| Business |
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A Birmingham manufacturing company which was bought out of administration two years ago has grown its turnover to £18.5m. Read More...
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Midlands accountancy firm Smith Cooper has promoted Michael Roome and David Crump to director level within the business recovery and insolvency and corporate finance teams respectively. Read More...
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Talking Point: What's in a name?
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Ask the Expert: Selling to private equity
Simon Chapman, partner at Burgis & Bullock Corporate Finance, explains how to make your business attractive to private equity investors.
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