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Top story

Chinese government linked to Liverpool FC takeover

The takeover Liverpool FC has taken another twist today after it was revealed the Chinese government is funding a bid to buy the club. The country’s overseas investment arm China Investment Corporation (CIC) is reportedly financing a takeover attempt by Chinese businessman Kenny Huang, who yesterday publicly confirmed that he is interested in assuming control at Anfield.

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Deals

Western Gulf confirms Blackburn Rovers approach

Wealth management business Western Gulf Advisory, based in Bahrain, has confirmed to Insider that it has made a formal approach to buy Blackburn Rovers. The firm, which is controlled by Ahasan Ali Syed, made the approach to the club’s advisers Rothschild.

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Business

Berg Legal to fight for UKHA tenant creditors

Manchester’s Berg Legal is to represent more than 150 of the 375 tenant creditors of failed sale and rent-back business, UK Housing Alliance (North West) Limited, which entered administration on 10 June 2010. The creditors meeting is at 12 noon today at the Midland hotel, Manchester.

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Jobs boost as ServiceSource picks the Plaza

San Francisco-based ServiceSource International has chosen Bruntwood’s The Plaza in Liverpool as the location for its second European service centre. The move is expected to create 258 new jobs while it is estimated the investment will be worth £35m to the Liverpool city region.

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Hoteliers and manufacturers worst hit, says R3

The property sector may have been the first to be hit by the recession, but the hotel, restaurant and manufacturing industries have suffered the most, according to new research by the insolvency trade body R3.

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Nanoco secures milestone payment

Nanoco Group, the AIM-listed developer of quantum dots and other nanomaterials, has a secured a “milestone” payment of $600,000 from an unnamed Japanese electronics company.

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Join our business community…

Take advantage of Insider’s Membership package: Insider magazine, events, business guides, exclusive online content and Insider partner offers. Special introductory offer until 30 September 2010.

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Property

North West underperforms in Colliers retail figures

Consultancy Colliers CRE has issued new data on prime retail rents across the UK – and it could be worrying for the North West. In a market where the national average has slipped back from £115 per sq ft to £114 per sq ft, rents in the North West on average fell by 3.1 per cent from £101 to £98.

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Manchester in good health, says CBRE

Consultancy CB Richard Ellis has confirmed the buoyancy of the regional property investment market by reporting £316.7m was invested in North West property in the first half of 2010 – up from £46m in the first half of 2009.

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Voyager welcomes new tenants

MAG Developments, the property arm of the Manchester Airports Group (MAG), has secured new lettings at the Voyager building at Manchester Airport. Total space let at the building this year is now 16,000 sq ft.

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Alliance wins resi consent at Eatons site

David Russell’s Property Alliance Group has secured planning consent for the former Eaton Transmission brownfield site in Walkden from Salford City Council. The site was formerly home to US-headquartered power group Eaton Corp.

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Other News

Manchester gets ready for Y Factor

BD Sport secures betting partner

Assura Medical takes space in Daresbury

Hurstwood does Leigh deal, offers Rawtenstall space

ID:SR completes Peninsula fit-out

Eversheds wins council tender

Community

Tague on Tour: Passiv aggressive

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Which is the best way to deliver better, more intelligent housing? The answer looks to be Passivhaus, says Neil Tague.

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In Focus: Half-term deals review

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Summer is a good time to evaluate how the year has shaped up for our dealmakers and what’s in the pipeline, says Insider's Rupert Cornford.

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Advice
Property of the Week

Different ways to value a business

Selling your business expert

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Tony Harper, Partner and head of corporate (Manchester) at Brabners Chaffe Street LLP, explains the various ways in which you can value your business when selling - and which is best for you.

For Insider's step-by-step guide to selling your business click here.

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Communicating the sale with shareholders and staff

Selling your business expert

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If you're selling your business, but worrying about the impact the deal will have on staff or shareholders, Frank Wadsworth, director at Hudson Global Resources, is offering his expertise.

For Insider's full guide to selling your business click here.

Read More...

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