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Top story
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Bailey expresses funding fears
A lack of money for business support, coupled with the axing of regional development agencies, could hold back companies in the region. That's according to Adrian Bailey, the House of Commons' Business Innovation and Skills Select Committee chairman. Speaking to Insider, he expressed fears that small businesses could “lose out” following the introduction of local enterprise partnerships, which become operational in many areas from today.
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Deals
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Duschenes buys Braemar residential funds
Marc Duschenes, Insider’s current Young Professional of the Year and head of Braemar Group, has agreed a management buyout of the company’s residential funds.
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Royal London talks continue with Royal Liver
Royal London has confirmed that it is still in takeover talks with Liverpool mutual insurer Royal Liver.
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Vicinity and Contour merger completes
Liverpool-based Vicinity Housing Group and Contour Housing Group in Salford have completed their merger to form Symphony Housing Group. The new company has a projected turnover of £140m.
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Major deal done for undisclosed sum
A major North West company has today made an acquisition of an unnamed company for an undisclosed sum.
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Business
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Sport Media’s shares suspended
Shares in AIM-listed publisher Sport Media have been suspended this morning pending clarification of the company's financial position.
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Eatonfield stems losses
Cheshire property developer Eatonfield has managed to stem losses in the first half of its financial year. However, it said it only has sufficient working capital to fund the group until mid-April.
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Davenham uncertain over restructuring plans
Manchester-based lender Davenham Group’s exclusivity agreement with its biggest shareholder and banking syndicate has now expired. The company said there remains “no certainty” over a deal being agreed.
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Something for the weekend
This week: Poppadom preach; Momentum bake-off; well Chellew there ladies; and no sheep ‘til Broughton.
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Property
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Edmund Kirby joins with M&G
Chartered surveyor and town planning consultancy Edmund Kirby is to merge with national practice Matthews & Goodman, with immediate effect. The combined firm will operate from offices in Liverpool, Manchester and London.
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General Traffic acquires Warrington site
Car spares, tyres and exhausts distributor General Traffic has bought a site in Warrington to operate as a distribution centre.
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Bruntwood bags two for Cotton House
Bruntwood has secured two new tenants at Cotton House on Queen Street, Manchester, in deals totalling 4,844 sq ft.
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Other News
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Edward Stobart dies
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R3 warns on pre-pack changes
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Chesnara eyes further deals
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Miller added to Business North West line-up
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