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Peninsula Business Services, the Manchester-based employment law consultancy owned by Peter and Fred Done, has secured a £30m funding package from The Royal Bank of Scotland. The deal enables the Done brothers to release part of their equity stake in the business and provides them with the necessary capital to support future growth plans. Peninsula advises over 22,000 small and medium-sized companies on employment, health and safety and taxation matters. 
Shearings snaps up three hotels Wigan-based coach and holiday company Shearings has expanded its portfolio of hotels after making three acquisitions. The company has bought the St George in Harrogate, the Eden Arms at Rushyford near Durham and the George in Chollerford near Hexham from the Brentwood Hotel Group. Although more known for its position in the coach sector, Shearings recently put a £25m investment plan in place to bolster its hotel estate. It now owns 49 properties across the UK. Chief executive Denis Wormwell said: "In an economic climate where the strength of the euro puts people off travelling abroad, it makes sound commercial sense to commit our resources to expand our hotel portfolio."
A night to remember The owners of Manchester's Yang Sing restaurant have today opened the city's first Oriental-style boutique hotel, supported by a £7m funding package from The Royal Bank of Scotland. Brothers Gerry and Harry Yeung have created the 48-bedroom hotel by restoring a Grade II-listed building on Princess Street, next door to the iconic restaurant.
DLA Piper appoints new corporate head Corporate lawyer Jonathan Watkins has taken over as head of corporate at the Manchester office of DLA Piper. He has worked on a string of high-profile local and national deals including the £255m management buyout of Ainscough Crane Hire and Moneysupermarket.com's £900m stock market listing. His long-term clients include JJB Sports, Bank of Scotland Integrated Finance, Timpson Group and Nichols.
Oldham's regeneration will be based on making the town a scientific centre of excellence, the town's Regeneration through Education conference was told yesterday. Event chairman Paul Walsh, chief executive of drinks giant Diageo, said: "The challenge is for Oldham's business leaders to step up and provide the opportunities for the products of the town's colleges." Oldham Council has provided the former Pennine Way hotel site for the development of a science campus for Oldham College, which is rated as outstanding by Ofsted.
Blackburn company ripe for move Blackburn Electrical Products has relocated to a new 1,600 sq ft unit at the Appleby Business Centre in Blackburn after seeing a surge in demand for its services. The company primarily focused on building control panels for recycling machinery, such as balers, shredders and compactors, but has recently diversified to take on refurbishment and servicing work. Since the business increased its service offer, it has won contracts from Staples and Argos.
Major contract win for Vertex Prescot-based Vertex, an international business process outsourcer, has signed a seven-year, £40m contract with energy provider NiSource to provide customer contact centre services in the US. NiSource, through its subsidiaries, provides natural gas, electricity, and other products and services to 3.8 million customers in the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Vertex has managed a significant portion of the customer contact centre functions for NiSource since July 2005 as a subcontractor to IBM. The new agreement establishes a direct relationship between the two until 2015.
Moore joins Brown Shipley Private bank Brown Shipley has recruited Manchester-based Richard Moore as banking services director from Adam & Co. He takes up his new post on 22 September and will be reporting to Robert Smoker, executive director for Brown Shipley's banking services for high net worth private clients. The appointment is part of a strategy to develop Brown Shipley's available banking services.
Moulson to depart Intercytex Group, the Manchester-based developer of regenerative medicine products to restore skin and hair, has announced that chief finance officer Richard Moulson is to leave the company after the interim results on 18 September. He is set to assume a similar role at ETV Capital, a provider of venture finance to fast-growing technology companies. Moulson has been with the business for the last six years.
Tertiary awards Canadian contract Macclesfield-based mining company Tertiary Minerals has awarded a contract to Canadian researcher SGS Lakefield to evaluate production from its Storuman fluorspar project in Sweden. Tertiary holds an exploration licence covering a major deposit of fluorspar near Storuman in the Vasterbotten district of northern Sweden. The AIM-listed company also said it expects the price of fluorspar to rise from its current price of $380-400 per tonne as China cuts back on supplies. Fluorspar is the main industrial source of fluorine for the manufacture of hydrofluoric acid and derivative fluorine chemicals.
The Manchester office of law firm Berrymans Lace Mawer is to stay at King Street West. A 15-year lease has been agreed with landlord Bruntwood for the firm's existing 42 King Street West base, along with the adjacent building, which will be linked to create an office of 45,000 sq ft. Bruntwood development director Peter Crowther said: "This has been a real collaboration between customer and supplier creating an imaginative solution in what has been a very complex transaction." King Sturge advised Berrymans.
More in Morecambe from Splash Urban Splash has submitted a detailed planning application for the site adjacent to its Midland Hotel in Morecambe, which officially opened at a gala dinner last night. However, the mixed-use scheme has come under fire from Morecambe-born designer Wayne Hemingway and councillor Evelyn Archer, Lancaster City Council's member with responsibility for regeneration in Morecambe.
Top priority in Cumbria Regeneration specialist Priority Sites has started work at Derwent Mills near Cockermouth in a scheme that will create 12 light industrial units totalling 50,000 sq ft. The Northwest Regional Development Agency sold 3.4 acres of land to Priority Sites, which is a joint venture between The Royal Bank of Scotland and national regeneration agency English Partnerships.
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