|
Top story
|
Carillion takes Eaga for £306m
Construction giant Carillion, based in Wolverhampton, has acquired outsourcing company Eaga in a deal worth more than £300m. The boards of the two companies announced the buyout on the London Stock Exchange this morning, where Carillion said it expected the purchase to generate combined revenues in excess of £3bn per year.
|
|
Deals
|
Catalyst steers EMCAS buyout
Catalyst Corporate Finance, based in Birmingham, has finalised its third deal in as many weeks. The corporate finance team completed the management buyout of EMC Advisory Services (EMCAS), based in Devon.
|
EFG scheme "confusing" small businesses
Small businesses in the region are “confused” about the role of the government’s enterprise finance guarantee (EFG) scheme. That’s according to a Birmingham-based accountant who said that “mixed messages and poor marketing” were causing a disservice to the businesses which could benefit from the lending system.
|
|
Property
|
Virgin Media lands at Eagle Court
Virgin Media has doubled its office space at the Eagle Court development in Birmingham with an 11,000 sq ft extension. Aviva Investors secured the deal for the entertainment giant and the Birmingham office of property agent DTZ agreed the terms of the lease.
|
Garwyn moves into Latham House
Specialist liability adjuster Garwyn has taken the second and third floors at Latham House in Birmingham. Garwyn agreed a ten-year lease with owner Hortons’ Estate.
|
|
Business
|
JCB digs up £14m order and new recruits
JCB has announced plans to recruit up to 80 engineers. The new positions at the Rocester-based company will be at its Staffordshire, Derbyshire and Wales sites. JCB also announced details of a new £14m order.
|
Interest rate decision is "stay of execution", says KPMG
The Bank of England’s decision to hold interest rates at 0.5 per cent was "more like a stay of execution than a reprieve". That’s according to Steve Hollis, regional chairman of KPMG in the Midlands.
|
Cadbury helps Kraft sales soar
US food giant Kraft has attributed its 30 per cent revenue rise to its purchase of Birmingham chocolatier Cadbury. Sales in Kraft’s European foods division soared during the fourth quarter, following last year’s multi-billion pound Cadbury buyout.
|
HomeServe cashes in on cold winter
Walsall-based HomeServe said it has seen “good growth” in policy and customer numbers in the three months to December 2010. The home emergency repair company said that during December, the number of jobs completed was up more than 30 per cent on the comparable 2009 period.
|
Balance needed for doomed RDA disposals - BIS
The assets of scrapped regional development agencies must be disposed of in a manner which balances benefit to the local area with achieving best value for the public purse. That's according to the Department for Business, Innovation and Skills.
|
Boost your client base – Request a free Insider Membership Pack
Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.
|
