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Top story
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City in talks with retailers after John Lewis move
Talks have already begun with several major names to move into Birmingham’s New Street station following John Lewis’ announcement that it would take 250,000 sq ft at the development. Speaking exclusively to Insider, Birmingham City Council leader Mike Whitby said that it was conducting discussions with some of the country’s biggest retail names. The retail giant’s move is estimated to create up to 900 new jobs and boost the local economy by £25m each year.
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Deals
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Phones4U 'lined up for £700m sale'
Private equity firm BC Partners is thought to be preparing for discussions about the takeover of Staffordshire-based telecoms giant Phones4U. According to reports, the firm is willing to pay £700m for the retail chain.
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Acquisitions are on the up, says Grant Thornton
More than a third of privately held businesses (PHBs) in the United Kingdom are planning to grow via acquisitions, according to Grant Thornton's latest international business report.
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Property
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St Modwen signs up Balfour Beatty
Birmingham-based developer St Modwen has secured a 25,000 sq ft letting to Balfour Beatty Utility Solutions at its Hilton Business Park site in Derby.
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Hügli grows with HQ extension
Hügli, a supplier of dry blended foods, has expanded its UK operations by doubling its head office and onsite production facilities in Redditch.
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CMS Engineering moves into Central City
Property fund manager Highcross has let a 1,394 sq ft unit at its Central City industrial estate in Coventry. CMS Engineering, which specialises in industrial pipe work, will take the property on a five-year lease.
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Business
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HBJ Gateley Wareing takes on three
Law firm HBJ Gateley Wareing has made three appointments to its Birmingham office. Among these are Clive Scott-Green and Catrice Pendleton-Hart, who join as IT director and business development director respectively.
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Pickles visits Coventry and Warwickshire LEP
The progress of the Coventry and Warwickshire local enterprise partnership (LEP) has been outlined to local government secretary Eric Pickles. Chairman of the LEP, Denys Shortt, met Pickles to discuss the workings of the newly-formed organisation.
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Private businesses wary of public sector workers
Many private companies do not think that former public sector workers are equipped to join their business, according to a survey by Barclays Corporate and the Financial Times.
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