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Top story
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Multimillion-pound casino and hotel plans debated
Plans for a casino, three-star hotel and 300-apartment scheme in Birmingham city centre are being recommended for approval by city council officers. The proposals are set to create more than 220 jobs and generate annual revenues of nearly £9m for the city. The mixed-use scheme design, which also includes a car showroom and office space, will go before councillors for outline planning approval on Thursday.
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Deals
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Kraft bosses face Cadbury grilling
Kraft executives are set to be quizzed by MPs today about the US food giant’s takeover of Cadbury. The meeting of the Business, Innovation and Skills (BIS) select committee comes after Kraft confirmed it would move part of the business to Zurich.
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Property
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Prisk's work experience boss wants tax move
The chief executive of Telford-based brick specialist Blockleys has urged business minister Mark Prisk to work towards a “transparent and stable” European tax regime that does not disadvantage British manufacturers. Martin Warner spoke to Insider after Prisk carried out a day's ‘work experience’ at his business.
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DTZ kicks off search for Banks's Stadium investor
The Birmingham office of property agent DTZ has been instructed to find an investor for the Banks’s Stadium, home of Walsall Football Club.
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Refusal suggested for care home plans
A 47-bed care home plan on the site of a pub should be refused, Birmingham City Council planning officers have urged councillors.
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Business
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Metalrax is back in the black
Birmingham-based engineer Metalrax has returned to profit, it revealed this morning. Following a pre-tax loss of £2.7m in its 2009 results, the specialist engineering supplier recorded a £2.1m profit in its year-end results for 2010.
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E-procurement will destroy industry, says fashion king Banks
Celebrity designer Jeff Banks has hit out at a rising tide of bidding wars in the corporate clothing industry. Banks, co-founder of Coleshill-based Incorporatewear, said that procuring customers in an internet bidding war was “unsustainable and threatens the future of the industry”.
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Strong growth and job creation in West Mids, says PMI
Private sector growth continued to gain momentum last month, according to the latest Lloyds TSB West Midlands purchasing managers index (PMI). A sharp rise in new business was also evident during February, suggests the survey.
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£300m London 2012 opportunities up for grabs
There is still £300m worth of London 2012 contracts up for grabs, it has emerged. Lloyds Banking Group is now urging small and medium sized businesses to chase these opportunities.
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Insider Membership – Communicate with Midlands Top Companies
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Community
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In Focus: Electrical fault
Midlands Business Insider editor Andy Coyne ponders the Modec news and echoes calls for a government automotive policy.
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Dealmakers Wrap: The need to be niche
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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