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Top story
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Suttons poised for Middle East move
Widnes logistics provider Suttons Group is targeting the Middle East as part of the next phase of its international expansion after posting a 5 per cent increase in turnover to £106m. Full year pre-tax profits dipped as a result of adverse currency exchange movements, but managing director Andrew Palmer told Insider the company is already ahead of this time last year following a series of contract wins.
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Deals
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Triflora set for festive push
Triflora, a Stockport-based designer and importer of Christmas decorations, lighting and glassware, has secured a funding package worth more than £1m from Yorkshire Bank as it gears up for its busiest trading period.
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Occupational Medicals bought from administration
Evidence Health has bought Occupational Medicals out of administration, putting the Stockport-based company in a “strong position” to continue trading following earlier financial difficulties.
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Trader Media sells Warrington printer
Walstead Investments, owner of Wyndeham Press Group, has acquired Warrington-based printer Apple Web Offset for an undisclosed sum. Apple, which has now been rebranded Wyndeham Apple, was the last remaining print subsidiary of Trader Publishing, part of Reading-headquartered Trader Media Group.
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Business
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Aerospace research in £2m funding boost
Cluster organisation North West Aerospace Alliance (NWAA) has helped to secure £2m of funding for composite material research in the region. The funding will come from two separate projects run by the Technology Strategy Board.
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Manufacturers set for upturn
The rate of business failures in the manufacturing industry fell 43 per cent during the first nine months of the year, according to Deloitte. Mark Stephenson, the firm’s head of manufacturing in the North West, said the drop highlights the efforts made by many businesses to manage cash flow and stock levels.
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Forum welcomes procurement plans
The government’s move to make public contracts more accessible to small companies has been welcomed by the Cheshire-based Forum of Private Business. The proposals, revealed by small business minister Mark Prisk, will also link procurement to prompt payment.
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Marlwood disappointed by weak trading
Stockport clothing retailer Marlwood has revealed that trading has been “much lower” than anticipated due to a lack of working capital. But the business, which completed a deal to give it a listing on the Cayman Islands Stock Exchange a year ago, managed to turn a profit for the first half of the year.
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Property
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Centric and Barnfield launch Crown Business Park
A joint venture between Manchester’s Centric Property Group and Nelson-based Barnfield Construction has acquired 18 acres of land in Rochdale to speculatively develop a 260,000 sq ft business park.
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CLB jumps aboard at Ship Canal House
Accountancy firm CLB Coopers has completed a deal to move into Ship Canal House on Manchester’s King Street. The company, currently based in Century House, St Peter’s Square, will take occupation of the 6,655 sq ft fifth floor on a ten-year lease.
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Rochdale to lobby government for interchange cash
Business leaders in Rochdale are to lobby the government in a bid to win financial backing for a £10m transport interchange. The scheme was put on hold earlier this year ahead of the spending review.
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Other News
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One Park West welcomes Prego
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Smiths expands in Blackburn
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