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Top story
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Hammond hits back at HS2 critics

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
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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
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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
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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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