Disposal talks underway as Hampson profits sink

Hampson Industries has sunk into the red with an operating loss of £23.3m. The Brierley Hill-based manufacturer's year-end results this morning revealed a drop in operating profit of 170 per cent. Pre-tax profit dropped a huge 234 per cent to a loss of £31.1m. Following the colossal fall in profit, the company said discussions regarding disposal of certain non-core assets were now "at an advanced stage".   READ MORE...

Melrose makes £1.3bn Charter move

Buyout firm Melrose, which has major operations in Warwickshire, has made a preliminary approach to acquire Dublin-based Charter International for £1.3bn. Charter described the move as "unsolicited and opportunistic".   Read More...

Johnsons Coaches motors on with investment

A Henley-in-Arden coach company has expanded after securing almost £1m of funding from Lloyds TSB Commercial.   Read More...

Jet fuels up with Long Marston expansion

Jet Total Vehicle Solutions has signed a 15-year lease on number of buildings at Long Marston Business Park in Warwickshire.   Read More...

Blues boss arrested in money laundering claims

The owner of Birmingham City Football Club has been charged with five counts of money laundering.   Read More...

Overseas operations boost Titan growth

Titan Europe has increased revenue by 50 per cent in the last year, it told the Stock Exchange this morning (30 June 2011).   Read More...

National Express drives revenue growth

Birmingham-based coach operator National Express said it remains on course to significantly improve its financial performance in 2011 after margins improved across all businesses.   Read More...

Retail insolvency will worsen, says KPMG

The tentative future of the British high street is likely to get worse as the year progresses. That's the warning from Mark Orton, head of restructuring at KPMG in the Midlands.   Read More...

15,000 more to go at Lloyds

Lloyds Banking Group has revealed plans to shed 15,000 more jobs by 2014. It hopes the move will create savings of £1.5bn per year.   Read More...

Clegg makes localism pledges

Local councils in England will be allowed to retain business rates raised in their area rather than hand them over to the Treasury, Deputy Prime Minister Nick Clegg has confirmed.   Read More...

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