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Tuesday 20 December 2011

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Insider News - Midlands Edition
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Top story

Commuters boost National Express income

An increase in commuter passengers and airport link-ups has helped hike up Birmingham coach operator National Express's revenues. The transport company told the Stock Exchange this morning it expected its coach division's turnover to have grown 5 per cent in 2011.   READ MORE...

 
Deals

LDC in Benson Group buyout

Private equity provider LDC has completed a management buyout of Leicestershire's Benson Group.   Read More...

Alstom agrees £1.1bn banking deal

Engineering company Alstom, which has its UK headquarters in the Midlands, has signed a revolving credit facility with 18 banks worth €1.35bn (£1.13bn).   Read More...

Paragon makes £55m portfolio swoop

Mortgage origination group Paragon, based in Solihull, has acquired a portfolio from MBNA Europe Bank for more than £55m.   Read More...

Nightingale Club to get £1m makeover

The Nightingale Club in Birmingham's Southside is set to undergo a £1m transformation after being bought by a local entrepreneur.   Read More...

K3 buys up Retail Systems Group

Retail Systems Group (RSG), based in Coleshill, has been snapped up by a North West software company in a deal worth up to £3m.   Read More...

 
Property

Student bed plans touted for go-ahead

Plans for 120 student beds at Jarratt Hall, Edgbaston, are being recommended for the green light from Birmingham City Council's planning committee.   Read More...

 
Business

Take care of bribery law, warns PwC

Midlands businesses are being warned to take note of bribery laws before sending or receiving corporate Christmas gifts this year.   Read More...

Penso Group gets royal visit

A Coventry-based engineering company has received a visit from the Duke of York after a "record" year in which it created 40 jobs.   Read More...

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Talking Point: All presents and correct

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