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Top story
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No return to “reckless” property lending, says RBS boss
One of the country’s leading bankers has suggested that commercial property finance will remain hard to come by as the major banks have no intention of returning to the "reckless" lending climate of several years ago. Speaking to Insider in Birmingham, Stephen Hester, group chief executive of the Royal Bank of Scotland, said banks remain circumspect with regard to commercial property lending.
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Deals
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Shoosmiths advises £27.5m of disposals
Shoosmiths' Birmingham corporate team has advised MML Capital Partners on two deals worth about £27.5m. The law firm supported the sales of two subsidiaries of Hallmark Industries.
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DLA Piper completes Australian merger
Law firm DLA Piper, which has offices in Birmingham, has completed the integration of Australian firm DLA Phillips Fox. The company now has 11 offices throughout Asia Pacific and becomes one of the world's biggest law firms.
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Property
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DTZ appointed to European fuel scheme
The Birmingham office of DTZ has signed a deal to support a Scandinavian road transport fuel retailer on its property portfolio. Statoil Fuel & Retail has appointed the property agent for advice on its 2,300 petrol stations and 12 Europe-wide port locations.
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Nelstar moves to Wednesbury
Engineering company Nelstar UK has relocated to the Woods Bank industrial estate in Wednesbury. The company was founded by Black Country businessman Neal Hickman from the loft in his home.
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Business
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Welcome to Insiderbusiness.tv
Insider is delighted to announce the launch of Insiderbusiness.tv, our new business to business video advice service aimed at company owners and directors.
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Middle East troubles hit Quadnetics
Political events in the Middle East have resulted in the cancellation or delay of several projects taken on by Warwickshire-based Quadnetics Group, the company's AGM will hear today. Chairman David Coghlan is set to inform the board of the security specialist's progress later.
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Mazars adds to corporate finance team
The Birmingham office of accountancy firm Mazars has appointed Nick Johnson as partner in its corporate finance team.
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Midlands' Apprentice candidate revealed
The new series of The Apprentice will feature just one candidate from the Midlands, it has been revealed. Melody Hossaini will fly the flag for the region when the new series of the reality TV show kicks off next week.
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Public sector fraud on the increase, says PwC
Financial crime is on the rise in public sector organisations in the Midlands, according to accountancy firm PwC. The firm said that cuts made as a result of last year's spending review have increased opportunities for fraud in the region.
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