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Hammond hits back at HS2 critics

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Transport secretary Philip Hammond has hit out at the "truck importers and climate change deniers" who have slated his high-speed rail plans. He spoke to Insider to vent his frustration at a group of high profile business leaders, Tory colleagues and economists who wrote to the Daily Telegraph to describe the HS2 line through the country as an “extremely expensive white elephant” and a “vanity project”.

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Deals

Green Investment Bank 'must be able to borrow'

The UK could lose out on billions in green energy investment if the government waters down its plans for a Green Investment Bank, MPs have warned.

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Property

Diamond win for Coventry drill business

Coventry-based drilling specialist Diamond Drill has been hired by cement and concrete supplier Cemex to clear out waste material from its production plant in Rugby.

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Business

Chamber takes control of Destination Worcestershire

Herefordshire and Worcestershire Chamber of Commerce has been selected to manage the region’s tourism organisation. Destination Worcestershire, which was funded by regional development agency Advantage West Midlands (AWM), will now get the opportunity to operate on a commercial basis, said the chamber.

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Mids companies export most in UK

Businesses in the Midlands are more likely to export than any other region in the UK. According to research by trade credit insurance firm Atradius, the split between Midlands businesses trading domestically and overseas is almost equal with the 47 per cent of trade being exported.

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Luxury brands to thrive thanks to 'Middleton effect', says Barclays

The premium market will enjoy the strongest rate of growth in the clothing sector over the next three years, thanks in part to future princess Kate Middleton. According to research by Barclays Corporate, the luxury end of the high street is expected to be valued at £8.6bn in 2014.

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Flood specialist signs UK-wide deal

UK Flood Barriers, based in Droitwich, has secured a nationwide distribution deal to provide its flood protection services. The company will be responsible for rolling out the self-closing flood barrier (SCFB) to the Environment Agency, local authorities, businesses and residential properties across the UK and Ireland.

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Last call for the Directors’ Forum

One of the region’s best known industrialists has been confirmed as the final panellist for Insider’s Directors’ Forum event which is being staged in central Birmingham next Monday evening (21 March).

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Profits up at DM

Turnover increased 7.7 per cent to £27.56m at Herefordshire-based DM, it was revealed this morning. The direct marketing company said that it was “quietly satisfied” with its year-end results after a “challenging” year.

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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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Community

Dealmakers Wrap: The need to be niche

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In the latest in our series of blogs written by the winners of our Dealmakers Awards 2010, Catalyst Corporate Finance’s Andy Currie suggests businesses with focused management teams will be the ones that attract attention.

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In Focus: Electrical fault

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 Midlands Business Insider editor Andy Coyne ponders the Modec news and echoes calls for a government automotive policy.

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Boost your client base – Request a free Insider Membership Pack

Image Description HereOur 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, much more. We give you what you cannot afford not to know. Request your free Membership pack now.

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