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Top story
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BCC defends £300,000 LEP network
The British Chambers of Commerce (BCC) has spoken out in defence of its government-backed 'network' for local enterprise partnerships (LEPs). It comes amid criticism that the LEP system is becoming more centralised with some business groups missing out on having their say. But BCC's Adam Marshall told Insider the move was "not about traditional top-down relationships" and would listen to all businesses.
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Deals
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IS Pharma agrees merger deal
Chester pharmaceutical company IS Pharma this morning confirmed it has reached an agreement with Sinclair Pharma over the terms of its proposed merger. The deal, subject to shareholder approval, will create one of the UK's largest specialty pharmaceutical businesses.
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Top money manager Edwards to leave Midas
Simon Edwards is to leave Midas, the Liverpool-based fund management business he set up in 2002. He told Insider that the decision was “very difficult” but amicable.
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Martin Dawes secures restructuring loan
Warrington-based TV rental company Martin Dawes has secured a £1.3m restructuring loan from The Co-operative Bank. The bank said the facility would allow the business to grow both organically and through acquisition.
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Business
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EOS Law recruits five partners
EOS Law has recruited five partners and taken office space in Manchester. The law firm was founded last year by Simon Woolley, the former managing partner of DLA Piper’s Manchester office.
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ReThink confident after sales hike
Manchester recruitment business The ReThink Group this morning hailed a year of “solid progress” after reporting a 13 per cent rise in annual revenues.
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Holmen to invest £108m in Workington site
Swedish-owned Holmen, which owns the Iggesund Paperboard paper mill in Workington, has pledged to invest £108m in the site to make it energy self-sufficient.
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Property
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Millshomes enters administration
Millshomes, a business which sold flats in refurbished mills in the Reddish area of Stockport, has been placed into administration.
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ADAPT gets green light in Rochdale
Asset and development management company ADAPT Properties has secured planning permission for the redevelopment of the former Woolworths industrial site in Rochdale.
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Airport City consultation set to start
The masterplan for Airport City, the enterprise zone to be set up around Manchester Airport, has been endorsed by the city council’s executive members. The decision paves the way for Manchester Airports Group (MAG) to launch a public consultation on the first phase of the scheme ahead of work starting on site next year.
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Other News
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New board at magneticNorth
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HEROtsc provides Warrington jobs boost
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Hill Dickinson names new senior partner
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Kingsland makes £1m site investment
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Neil Tague has been attending DJD's annual crane survey this week, and found that despite the lack of obvious activity, Manchester's property community are cautiously optimistic.
