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Top story
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Princes agrees £182m canned food deal
Liverpool food and drink giant Princes has agreed a £182m deal to buy the canned food operations of Premier Foods. The deal, which is subject to Premier Foods’ shareholder and regulatory approval, will mean the transfer of more than 1,000 people at two sites in East Anglia to Princes. The company will also acquire the Crosse & Blackwell, Fray Bentos and Farrow’s brands as part of the agreement.
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Deals
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Principal moves for Border Asset Management
Cumbria-headquartered Border Asset Management has been acquired by Principal Holdings, to create a discretionary investment business with combined assets of about £1.5bn.
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Avecia sells US biotechnology business
Manchester-headquartered biotechnology company Avecia has sold its US business Avecia Biotechnology to Japan-based diversified materials manufacturer Nitto Denko for an undisclosed sum.
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Adept4 in Desktop deal
IT business Adept4 has bought the assets of Cheadle Hulme-based Desktop Support Solutions for an undisclosed sum.
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Business
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"Good" first-half for McBride despite performance dip
Personal care products group McBride, which has a strong presence in the North West with sites in Middleton, St Helens, Barrow-in-Furness and Burnley, has described its first-half performance as good despite a dip in revenue to £408m and a 31 per cent drop in pre-tax profit to £15.5m.
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Renovo stays focused on cash management
Biotechnology group Renovo this morning said it remained focused on cash management as it gears up to announce the results of EU trials for Juvista, the company’s potentially revolutionary treatment for scarring.
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Green vows to offer Burton’s more support
Burton’s Foods has been urged to reconsider a decision to close its Wirral factory and prevent 342 job losses. Wirral Council leader Jeff Green has said the authority could offer more support to the company if it changes its plan to shift work away from the region.
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Property
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St Modwen close to Co-operative agreement
Regeneration specialist St Modwen has confirmed it is close to securing an agreement with Co-operative Financial Services (CFS) to build a 100,000 sq ft office in Skelmersdale town centre. An agreement would kick-start the company’s stalled £300m plans for the town and help to secure about 900 jobs in the process.
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Prime rents hold up in Manchester
Manchester was the only UK city outside of London not to see rents on prime office space fall in 2010, according to Drivers Jonas Deloitte’s UK Key Cities report.
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Arley buys Preston site
Arley Homes has bought its first site in Preston as part of its continued expansion into Lancashire. The Warrington company has acquired a 1.25 acre site on Lightfoot Lane and secured planning permission for a residential development.
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Other News
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ENW fined by Ofgem
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Borough Care hopes to grow from Acorn
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Victrex continues sales momentum
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Top North West directors debate economic future
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