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Top story
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Simon Property abandons £2.9bn CSC bid
Simon Property Group, the largest US shopping mall owner, has abandoned its £2.9bn bid to buy Capital Shopping Centres (CSC) saying CSC did not provide it with the information it needed to proceed. The move leaves North West property giant Peel Holdings in the driving seat to sell its £1.6bn Trafford Centre in Manchester to CSC and in turn take a 23.2 per cent stake in the company.
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Deals
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Tradebe swoops for Britcare
International environmental business Tradebe, which has a UK headquarters in Sandycroft, near Chester, has acquired Britcare, the clinical waste company. Britcare, which has operations in Yorkshire and the Midlands, has a turnover in excess of £3.5m and employs 32 people.
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Excellence in Crewe deal
Cheshire East Council has taken over the running of three nurseries affected by the collapse of social enterprise company Excellence in Crewe. The deal has saved 19 jobs although 30 members of staff have been made redundant.
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Business
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Carr's looks ahead to strong 2011
Carr's Milling Industries, the Carlisle-based agriculture, food and engineering group, has told the Stock Exchange the strong first quarter trading performance it revealed in November has continued into the new year. The business added that the growth in sales and profit it had achieved during the period reflected the successful integration of acquisitions made during 2010.
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Winter weather helps Shop Direct sales
Cold winter weather has helped boost sales by 5 per cent at Shop Direct, the Liverpool parent company of the Woolworths and Very online brands, as more consumers opted to shop from home rather than hitting the high street.
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Government must support enterprise, says Collinson
North West business group Private Sector Partners (PSP) has called on the government to “fire the furnace of enterprise” as the private sector takes the duel strain of driving the UK out of recession and picking up the slack left by the public sector.
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Insider expands regional focus
Due to the popularity of our Liverpool newsletter, Insider will be launching two new regional focuses this week. On Tuesdays we will be combining the Liverpool email with the latest news from Lancashire, and on Thursdays we will target the Cheshire and Warrington business community.
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Brand new North West Top 500 Database 2011
Do you need help sourcing new clients? Insider’s Brand new North West Top 500 Companies 2011 database is our accurate and comprehensive business marketing list. Try our free sample and pre-order to receive a discount offer (expires 31 January 2011).
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Property
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Council commits to Splash scheme in Fazakerley
Liverpool City Council’s cabinet has resolved to enter into a development agreement with Urban Splash that will see the developer take forward plans for the New Hall campus in Fazakerley.
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Bolton deal child’s play for Knight Frank
Knight Frank has secured a letting at Wingates Industrial Estate in Bolton on behalf of Halo Investments. The 11,283 sq ft Unit 1002 has been let to Activity Toys, a supplier of outdoor and indoor play equipment, on a ten-year lease with a break at the fifth year.
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UKL&P and Pochin among the deals at Ashbrook
Joint venture partners UK Land & Property and Pochin have completed two deals at Ashbrook Office Park off Styal Road in Heald Green, close to Manchester Airport, and is closing in on two more.
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Other News
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Topps plans expansion after revenue boost
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Strong order book boosts Optare
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NoChintz trebles turnover
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Etihad increases Manchester capacity
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DTZ appointed on Castlefield Chapel
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For this month only Insider Members can benefit from free tickets and a free trial Membership to the Royal Exchange Theatre. Offer expires 31 January 2011
