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Top story
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Adidas man backs North West to reap Olympic rewards
The UK managing director of global sportswear giant Adidas has echoed comments made by Lord Sebastian Coe last week that the 2012 Olympic Games can have a massive impact on companies in the North West. Gil Steyaert told Insider that the event will be "truly national" and help to drive business confidence across the region.
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Deals
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Broughton hits out at Hicks and Gillett ‘abuse’
Liverpool FC chairman Martin Broughton has insisted attempts by the club’s owners Tom Hicks and George Gillett to block the £300m sale to New England Sports Ventures was a “flagrant abuse” of their written undertakings to the Royal Bank of Scotland. Hicks and Gillett stand to lose as much as £140m if the sale goes through next week.
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Private equity enjoys strong third quarter
Private equity enjoyed a strong third quarter accounting for £9.3bn of the UK deal value, compared with £3.6bn in the second quarter, according to latest management buyout research by KPMG. The largest deal in the North West to complete during the period was United Utilities’ sale of its non-regulated gas and electric metre business Meter Fit to joint venture partner Marlin Acquisitions for £119m.
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Business
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Internet sales set to soar, says Altium man
Internet retailing will take half of all growth in the sector over the next five years, according to Altium retail analyst Philip Dorgan.
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Norcros enjoys strong first half
Wilmslow shower and tile maker Norcros has continued its strong start to the year, revealing that group profit before tax and exceptional items expected to be more than £3.4m for the 27 week period to 3 October.
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Co-op announces plan for 300 new stores
Manchester retail giant The Co-operative Group has announced a major expansion drive that will see it open 300 new stores over the next three years.
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Grundy takes on North West role
David Grundy, the current managing partner for Grant Thornton in Manchester, is extending his role to become managing partner for the North West region. John Loebl and Neil Sturmey will support him as the head of office for Manchester and Liverpool respectively.
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Fraud Breakfast - last few tickets remain
Only a few tickets remain for Insider's Fraud Breakfast taking place at the offices of law firm DLA Piper tomorrow morning.
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Complete Set of Top 500s - Purchase all Six
You can now purchase Insider’s Complete Set of Top 500 Companies 2010/2011 Databases at an exclusive promotional rate: A bundle of our accurate and comprehensive regional business marketing lists - featuring six UK regions. Special promotional offer expires 31 January 2011.
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Property
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Peel to build Greenhouse at MediaCity
Peel Media has submitted plans to convert a three-storey building next to the Pie Factory at MediaCity into a range of office suites suitable for small creative companies. The development, to be called The Greenhouse, sits between the Pie Factory, already home to 26 digital and media businesses, and the new campus for the University of Salford.
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WHR among the deals
Aneel Musarrat’s MCR has let a further 7,300 sq ft at Brook House in Fountain Street, Manchester city centre. Education business Global Graduates has taken a ten-year lease at the building, where quoting rents start at £11 per sq ft.
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Bruntwood buys in Birmingham
Manchester-headquartered commercial property company Bruntwood has purchased Kennedy Tower in Birmingham city centre for an undisclosed fee. The tower, also known as Snow Hill Plaza, was put on the market earlier this year following the demise of its owner, Kenmore Property Group.
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Other News
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Daisy set to hit targets
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Davis Langdon’s AECOM deal confirmed
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Southdale wins Hanover contract
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