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Top story
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Innovation directed £60m sales, says Steelite boss
Investment in new products and markets has led to record sales levels at Stoke-on-Trent-based manufacturer Steelite. The chief executive of the UK's biggest tableware manufacturer told Insider the company "had not been afraid to innovate", which resulted in its 2010 revenues topping £60m. The company, which revealed its results this morning, also announced a recruitment drive in response to the upturn.
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Deals
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Garland strikes with Lakeside Superbowl
Garland Leisure has acquired Lakeside Superbowl in Stirchley, Birmingham. The buy builds on Garland's portfolio of entertainment centres, which was recently boosted by a ten-strong acquisition of AMF Bowling Centres.
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Property
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Airport set for £250m boost
Plans to invest £250m in Coventry Airport are set to be unveiled today. Sir Peter Rigby, owner of the airport, said that 10,000 new jobs could be created for the region through a redevelopment of the site.
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LSH completes £60m industrial deal
The Birmingham office of property consultant Lambert Smith Hampton (LSH) has completed the acquisition of a nationwide industrial portfolio worth more than £60m. The deal is thought to be the biggest industrial property deal of the year in the Midlands.
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Hotel scheme given green light
Planning permission has been secured for a major mixed use redevelopment of the former Harrison Drape building in Digbeth. The project comprises two hotels, a conference centre, office space and a multi-storey car park.
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Begbies Traynor appointed to collapsed construction trio
The Birmingham office of corporate recovery specialist Begbies Traynor has been appointed to three Northamptonshire-based building and construction companies.
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Business
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West Mids companies in Queen's Awards success
Ten companies from the West Midlands have been named as Queen's Award winners this morning. Seven companies received the honour for their work in the international field, and three were commended in the innovation category.
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Irwin Mitchell eyes external capital with restructure
Law firm Irwin Mitchell, which has an office in Birmingham, is to restructure so it can seek external capital and accelerate its growth plans. The move to become an alternative business structure (ABS) is designed so the firm can take advantage of changes to the legal profession set to be introduced by the Legal Services Act.
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Midlands poised for power generation investment, says PwC
The region is well placed to benefit from a new wave of inward investment, according to PwC in the Midlands. The accountancy firm's latest research reveals the region is set to profit from overseas companies bringing power generation solutions to the UK.
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Something for the bank holiday weekend
This week's bank holiday special includes woolies vacancy; marriage spats and the bald truth.
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