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Top story
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West Mids gears up for MIPIM
The UK’s regional centres are gearing up for a big inward investment push at the world’s largest property exhibition from tomorrow – and Insider will be there to report. Birmingham’s programme will include presentations on the new city library and its rejigged Big City Plan. Coventry, which last year impressed Barberry enough with its proactive approach at MIPIM to bring the developer to work in the city, is also committed to the event.
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Deals
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Insider's February Deal of the Month named
Midlands Business Insider editor Andy Coyne has selected the private equity-backed MBO of Stone-based Wells Plastics as February's Deal of the Month.
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Pearson to buy EDI in £113m deal
Publishing group Pearson has agreed to acquire Coventry-based Educational Development International (EDI) for nearly £113m. Pearson, which owns the world's largest education business, said it had already received support for the deal from 30 per cent of EDI’s shareholders.
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£775m research funding unveiled
A total of £775m is to be made available for research to help boost the NHS, the government has announced today (7 March 2011). The funding, to be made available over five years, aims to "secure the UK as a world leader in life sciences".
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Modec enters administration
Coventry-based electric van maker Modec has entered administration, making about half of its workforce redundant. The Birmingham office of Zolfo Cooper has been appointed administrator to the company.
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Property
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St Modwen on park lookout as Fenton site fills up
Fenton Trade Park in Stoke-on-Trent is now 90 per cent occupied, said its owner St Modwen. The 60,000 sq ft site has two units remaining.
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Business
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Hammond disappointed by number of transport bids
The number of bids submitted to the government’s £1.4bn regional growth fund (RGF) for transport projects has been “disappointing”, transport secretary Philip Hammond has told Insider.
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G Casino in sales boost
The G Casino venue in Coventry has revealed revenue growth of 27 per cent year-on-year. The casino relocated to the city’s Ricoh Arena 18 months ago.
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UKTI and chamber to host Canada trade event
The Coventry and Warwickshire Chamber of Commerce and UK Trade & Investment (UKTI) is to hold an event this week encouraging the region’s business to trade with Canada.
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