Findel, the group specialising in home shopping and the distribution of educational and medical supplies, has sold loss-making music and DVD retailer Webb to Endless for £1 just a year after buying the Burton-on-Trent company for £3. In the second half of last year Webb made a loss of £400,000. Webb comprises two main trading companies, Choices UK and Webb Ivory Burton. For Insider comment click here.

Morgan Sindall, with offices at the Waterside Business Park in Solihull, has become one of the largest construction and infrastructure firms in the UK. The new business has been created following a merger of Morgan Sindall Group construction and infrastructure divisions, which operated under the Morgan Ashurst, Morgan Est, and Morgan Professional Services brand names. Morgan Sindall Professional Services will trade as a separate company and will continue to work with internal and external customers.

Emda has announced that Changan Automobile Co, one of China’s leading car manufacturers, is establishing Changan UK Research and Development Centre in Nottingham. The new centre will be based at Blueprint’s No. 1 Nottingham Science Park. The company plans to establish a facility that initially employs 25-30 employees expanding up to 200 employees by the end of 2013. Nottingham-based transmission technology business Romax is already working with Changan and will play a key role in helping to establish the new centre.

Brierley Hill aerospace group Hampson saw it profits drop by almost a third for the year to 31 March 2010, it revealed this morning. Trading profits dropped by 32 per cent from £47.4m to £32.4m over the year, with revenues also declining steeply from £256.6m to £178.3m. The company put the disappointing results down to delays on major aerospace programme developments, reduced revenues in it Aerospace Components and Structures division and the global decline in automotive.

Label Apeel, the Leicester-based self-adhesive label specialist, is reporting a rapid 20 per cent growth in sales figures, a successful growth in the beers, wines and spirits (BWS) market and an expansion of its operations into Europe. The move into the new territory comes just two years after Label Apeel acquired competitor Label Studio, and is the result of ongoing negotiations with bottling plants and wineries in the German BWS sector.

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Packaging distributor Colton Packaging has moved into larger premises at a popular industrial location in Sileby, Leicester.

Daden, the Birmingham-based virtual worlds solution provider, which was being run from an office at home, has moved to new premises in the Birmingham Science Park.

Santander Corporate Banking has appointed Adam Flanagan as regional director of business development. He joins from RBS where he spent ten years, and will lead Santander’s business development function across the Midlands and South West.

Innes England has promoted Scott Osborne to senior surveyor within the Nottingham agency team. Director and head of agency in Nottingham Craig Straw said: “Scott’s tenacity and lateral thinking come as a result of his wide background, which enables him to put successful deals together. The move will not only enhance the agency team but will provide Scott with continued development and above all will augment our client service.”

Birmingham-based venue management company The NEC Group has completed its marketing services department with the appointment of Kelly Haslehurst. Haslehurst has taken up the newly created role of marketing and communications manager for the International Convention Centre, with responsibility for shaping and coordinating marketing and communications strategies for the venue.