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Top story
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Midlands Top 500 companies revealed
Energy giant E.ON remains at the summit of Midlands Business Insider’s Top 500 table for the second consecutive year. The Coventry-based company secured the number one spot in Insider’s annual list, which also names Wolverhampton-based construction company Carillion and Birmingham engineer IMI in the top ten performing companies in the region.
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Deals
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Catalyst leads £40m MBO
Birmingham-based Catalyst Corporate Finance has advised on the management buyout (MBO) of construction company Leadbitter Group. The company was bought for £40m from Heijmans NV.
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Cobbetts strikes gold with Aureus
The Birmingham office of law firm Cobbetts has advised AIM-listed African Aura Mining on the split of its gold assets into a new company. Cobbetts public markets team advised on the creation of Aureus Mining and its admission to trading on AIM.
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Access to capital will increase M&As - EY
The number of UK businesses on the acquisition trail is set to increase during the next six months as improving credit conditions make finance easier to access. That's according to Ernst & Young’s 'capital confidence' barometer.
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Property
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Hawkstone swoops on funding deal
Hawkstone Properties has secured £3.5m-worth of investment from Yorkshire Bank. The Hagley-based developer said the funding will be used to finance two major retail projects.
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Business
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Eight West Mids companies on Sunday Times list
Eight West Midlands companies have made it onto the Sunday Times PwC Profit Track 100 list. The list names the UK’s top 100 private companies with the fastest-growing profits over the last three years.
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Colmore feasts on food festival plans
Colmore Business District (CBD) has announced plans to hold the inaugural CBD Food Festival. Restaurants, bars, coffee shops and pubs from the district will participate in July's event.
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Unemployment drop given 'guarded welcome'
Business leaders in the West Midlands have welcomed the news that unemployment in the region has fallen by 4,000. The region’s chamber of commerce said the government still needed to do more to get 260,000 people out of work and into employment in the West Midlands.
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LEP chair to attend Villa Park event
The newly appointed chair of the Greater Birmingham and Solihull LEP is set to make his first public appearance in the role. Andy Street will be discussing the progress made by the LEP to an audience of partners and stakeholders at Villa Park.
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Insider Membership – Communicate with Midlands Top Companies
Looking to develop your business? Want to expand your commercial reach? Try a sample of our Midlands Top 500 Companies marketing data list. Insider membership provides its members with up to date local business data, editorial, advice, networking events. Request a free data sample and membership information today.
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In our latest Dealmakers Wrap - contributed by winners of our Dealmakers Awards 2010 - LDC’s Chris Hurley suggests that there are positive signals for the manufacturing and engineering sectors.
