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Top story
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Titan bounces back from 2009 'low point'
Titan Europe, the manufacturing giant which has its UK base in Worcestershire, said revenue climbed to £355.2m in its year-end results this morning. Trading profit at the company soared by £32.2m and pre-tax profit was up nearly £45m on its end of year results in 2009. The company said it had experienced recovery in all main markets, particularly construction, and had recovered from its “low point” of losses in 2009.
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Deals
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Laser melting business snapped up by Renishaw
Staffordshire-based MTT Technologies has been taken over by Gloucestershire-headquartered Renishaw. MTT develops and produces manufacturing and prototyping systems.
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City Jaw manufactured with Co-op funding
Tamworth engineering company Crushers has sold its first mobile crushing machine after securing funding from The Co-operative Bank. The machine, known as The City Jaw 1830, is being sold to Krossning & Sortering SRC in Sweden. The unit will be used to crush granite for the development of a wind turbine site.
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Property
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AWM assets in sell-off
Thirteen property assets owned by Advantage West Midlands (AWM) are to be sold on the open market under plans announced by the government. They are the first in a series of properties set to be sold off.
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Park life for Mansell
Construction services company Mansell is nearing completion on the refurbishment of a Black Country park. The £2m project involves the restoration of the Dartmouth Park’s walls and entrance.
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Business
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Olympic dreams for Coventry
The Olympic Games will provide a "once-in-a-lifetime opportunity" for Coventry and Warwickshire as the region aims to make £50m out of holding the first 2012 event at the Ricoh Arena. Tom Clift, the man who brought the games to Coventry, told Insider that the West Midlands had a wealth of attractions to ensure business tourism reached record levels. His comments came as he was named 'Professional of the Year' at the region's ProFirst Awards.
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JLR helps to drive Tata sales
Global vehicle sales grew 1 per cent at Indian carmaker Tata Motors in March, boosted by further increases at Warwickshire-based Jaguar and Land Rover (JLR).
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Forum calls on EU to drop online retail plans
Business support organisation the Forum of Private Business (FPB) has called on the EU to abandon proposals which could “cripple” smaller online retailers.
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McCann scores with Vauxhall deal
Communications agency McCann Birmingham has won a £15m deal to provide marketing for Vauxhall's FA sponsorship. Work through the four-year deal will include advertising, point of sale, digital and direct campaigning and local dealer marketing.
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