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Friday 1 July 2011

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Top story

Endless laments TJ Hughes woes as buyer sought

Private equity firm Endless has expressed its disappointment at being unable to turn around the fortunes of Liverpool discount department store chain TJ Hughes after the company was placed into administration. Endless partner Darren Forshaw told Insider that credit problems and the continued squeeze on consumer spending led to the collapse.   READ MORE...

 
Deals

Stewart Group sold in £146m deal

Stewart Group, the Knowsley-based metals and minerals inspection and analysis company, is set to be bought by ALS Group is a deal worth £146m. The company employs approximately 900 staff, operating from 26 laboratories and offices throughout North America, Africa, Asia and Europe.   Read More...

Speedy agrees £220m banking facility

Newton-le-Willows-based Speedy Hire this morning said it has taken another "key step" in its recovery after securing a £220m banking facility with a syndicate of six banks.   Read More...

Redrow finds buyer for loss-making Scottish operations

Redrow has agreed to sell its loss-making Scottish operations to Springfield Properties, a private construction and property development company based in Elgin, in a deal worth £49m.   Read More...

 
Business

North can lead on renewable energy – Cox

The north has a "massive opportunity to develop a competitive advantage" in renewable energy technology. That's according to Vivienne Cox, the former chief executive of BP Alternative Energy and the chairman of Climate Change Capital, an investment manager in renewable energy.   Read More...

Homeform collapse drags creative agency under

Manchester creative agency The Market Creative has been forced to close its doors following the collapse of kitchens and bathroom retailer Homeform.   Read More...

Grosvenor Care enters administration

Grosvenor Care, a Stockport care home operator, has entered administration and a buyer is being sought. There is no threat of closure at the four care homes it operates.   Read More...

Something for the weekend

This week: Picture of the week; Never mind the botox; In the jungle, the mighty jungle; Hearn it through the grapevine; and canapé won’t pay.   Read More...

 
Property

MMU gets go-ahead for £110m campus

Manchester Metropolitan University (MMU) has been given the green light for its plans to build a £110m campus at Birley Fields.   Read More...

Haime strides forth with new property venture

Former Urban Splash associate director Lynn Haime has launched a new North West property venture. Place Property Consultants, based in Merseyside, will offer consultancy services to clients across the region.   Read More...

CBRE on board at MediaCity

The office agency team of CB Richard Ellis (CBRE) has been appointed as joint adviser to Peel at MediaCity.   Read More...

 
Other News

Stobart to hit forecasts

Businesses urged to heed Bribery Act

IOTA NanoSolutions completes funding round

JD Wetherspoon to expand North West presence

Forrest scoops BVCA award

Threesixty teams up with Capital Platform

 

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Tague on Tour: A walk on the Fylde side…

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  Ask the Expert : Tax payment

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