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Top story
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McInerney Homes calls in the administrators
Property developer McInerney Homes, whose UK headquarters is in Wigan, has gone into administration, blaming the continuing slump in the residential property market for having a “severe detrimental impact” on cashflow. Administrators at KPMG have been appointed to seven companies within the UK arm of McInerney Holdings.
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Deals
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Deal value tops £500m at DWF
Manchester-headquartered law firm DWF has announced that the aggregate value of its deals over the past quarter totalled more than £500m.
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£7.5m investment for Kitwave
Kitwave, a wholesaler of tobacco, confectionery and drinks, has received a funding boost of £7.5m from NVM Private Equity (NVM). The company, which has bases in Bolton and Carlisle, said the capital injection would support its growth strategy.
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FW Capital delivers Totalpost loan
Fund manager FW Capital has provided a £150,000 loan to Cumbria-headquartered Totalpost Services through the North West Fund.
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Business
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HICA to bring 100 jobs to Lancashire
Care home company HICA Group has delivered a timely boost for Lancashire’s economy with the confirmation that it is to create more than 100 jobs in the region over the next six months. The company’s Lisa Barnes told Insider the group would initially concentrate on Chorley, Leyland and Preston, but plans are in place to expand services across the North West over the next three years.
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Everyman awarded £5.9m European grant
The Everyman and Playhouse theatre in Liverpool has secured the final chunk of cash needed to allow its planned £28m redevelopment to go ahead.
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Assura to beat expectations
Warrington-headquartered Assura Group has this morning revealed that trading for the year to 31 March 2011 was ahead of the board’s expectations.
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Property
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Tishbi wins race for the BBC
Yousef Tishbi’s Realty Estates has exchanged contracts to take over the BBC site on Manchester’s Oxford Road once the corporation moves to MediaCity.
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Still London versus the rest, says BNP Paribas
The outlook for UK property is still one of London versus the rest, according to the latest research from consultancy BNP Paribas Real Estate – although the North West looks to be the best of the rest.
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Ingersoll Rand moves from Wigan to Bolton
King Sturge has completed the acquisition of 13,880 sq ft within Sefton House, part of Orbit Developments’ Middlebrook development at Bolton. It was acting on behalf of industrial services powerhouse Ingersoll Rand European Sales.
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Other News
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Buyout market bounces back - CMBOR
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Brunner Mond in name change
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DTZ hunts for Stockport developer
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Construction activity marginally slows
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