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Top story
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Clegg unveils more RGF details
A second round of bids for the Regional Growth Fund will open on April 12 and successful bids from the first round will be "announced shortly", Deputy Prime Minister Nick Clegg has announced. He also said that due to the number of "high quality bids" received, the funding allocated to the first round may increase.
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Deals
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Gladman agrees £50m finance package
Congleton property developer Gladman has secured a £50m joint financing agreement with The Co-operative Bank and Royal Bank of Scotland.
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Weightmans completes Vizards Wyeth deal
Liverpool law firm Weightmans has bought the insurance division of South East rival Vizards Wyeth. The firm has also confirmed that talks are still continuing with Mace and Jones and it hopes to agree a deal in the coming weeks.
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Management team buys Media Sales Network
Manchester media sales agency Media Sales Network has been bought by three members of its management team for an undisclosed sum. The business was formerly owned by Unique Communications Group.
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Business
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Tangerines unfazed by losses after joining elite
An increase in football-related wages, coupled with bonus payments to players, has resulted in widening losses at Blackpool FC. But the club’s directors have said that last season’s promotion to the Premier League should ensure they have an “excellent foundation” from which to build.
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AMS celebrates “outstanding” year
Advanced Medical Solutions (AMS), the Cheshire developer of wound care products, this morning hailed a year of “excellent progress” after reporting a 32 per cent leap in revenues.
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Johnson confident after restructuring
Restructuring costs have dampened annual profits at North West dry-cleaner and workwear provider Johnson Service Group, but executive chairman John Talbot said the group was now in a “strong position”.
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Property
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FC United to explore stadium options
FC United of Manchester have vowed to continue in their quest to build a new stadium after plans for a £3.5m development at Ten Acres Lane had to be scrapped after Manchester City Council withdrew funding earmarked for the scheme.
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CBRE reveals industrial stats
CB Richard Ellis (CBRE) has released its 2011 North West industrial market update which reveals that just 2.29m sq ft of new build accommodation is currently available in the region – and that could reduce to 1.5m sq ft by the second half of the year.
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Lime and Objective make Sharp move
Lime Pictures and Objective Productions are the latest companies to take space at The Sharp Project in east Manchester. The 30,000 sq ft of production space will be used to film a new Channel 4 comedy drama called Fresh Meat.
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Other News
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Etihad to double service from Manchester
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BCC lowers UK growth prediction
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BAM hands over Cheshire scheme
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Big four sign up for BPS conference
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