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Top story
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Stuart defends MSIF and questions new loan fund structure
Following the decision not to appoint Alliance Fund Managers to run part of the new £185m North West Fund, Liverpool corporate financier Steve Stuart has defended the record of the Merseyside Special Investment Fund (MSIF) and expressed concerns over how the North West Fund will be structured. He told Insider: "The recent press coverage about the demise of MSIF has been unfortunate - MSIF was not soft money as has been described by some and it didn't lose as much as some reports have indicated."
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Deals
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Proventec secures cash injection
AIM-listed steam-cleaning and coatings company Proventec, whose shares were suspended last month pending clarification of the company's financial position, has agreed a restructuring deal.
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Dailys sold to US multinational
Industrial clothes maker Dailys, based in Ellesmere Port, has been sold to US-owned multinational 3M for an undisclosed sum.
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Lamberet sells vehicle rental division
Warrington-based Lamberet UK, a manufacturer of bespoke refrigerated vehicles, has sold its refrigerated vehicle rental and leasing operation to the division’s management team.
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Business
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Insolvencies fall but businesses still distressed
Insolvency specialist Begbies Traynor Group has released its Red Flag Alert statistics, which monitor the early warning signs of company distress.
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Liverpool lures overseas visitors
Liverpool has retained its position as one of the top ten most popular UK city destinations for overseas visitors, according to new research carried out by the International Passenger Survey.
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HEROtsc unveils growth plans
HEROtsc, the call centre operator which owns the Vodafone operation at Birchwood Park in Warrington, aims to hire 200 additional people.
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Mechan looks to China for growth
Safety switch manufacturer Mechan Controls has appointed an international consultancy in a bid to crack the Chinese market.
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Property
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Liverpool to lose out on 1,500 jobs
The opportunity to create more than 1,500 new jobs in Liverpool has been lost following the government’s decision to axe the city’s £350m Building Schools for the Future programme, according to Liverpool City Council.
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Design review makes itself pay, says Amion
Amion Consulting has said that the North West’s Design Review Panel can add £34m to the value of 144 development schemes in the region.
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Other News
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Sefton hit by £53m budget reduction
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Investec considers sale of Rensburg division
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MAS-NW to coordinate national nuclear work
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JJB weathers England flop
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Cheshire West and Chester awards £500,000 contract
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