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Top story
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Burton's urged to rethink Wirral closure
Merseyside MP Angela Eagle has called on Parliament to debate the future of Burton's Biscuits in Moreton following the company's decision to close the site with the loss of all 342 jobs. Wirral Council leader Jeff Green has also vowed to investigate "whatever opportunities" are available to keep the factory open, while Wirral Chamber’s chief executive Kenneth Davies told Insider the news “casts serious doubt” on the ability of Wirral businesses to lead the economic revival.
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Deals
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Number of distressed deals falls
Acquisitions of insolvent businesses in the North West fell in the second half of 2010, according to research by Experian Corpfin on behalf of the insolvency trade body R3. But the statistics show that distressed deals continue to account for a significant proportion of all M&A activity in the region.
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Appetite returns for tech deals, says PwC
A new report by PwC has found there is a “window of opportunity” for technology M&A activity, driven by the alignment of cash-rich trade buyers, private equity sponsors with funds to invest and continued improvement in financing liquidity. Jonathan Cooper, PwC partner in Manchester, said there will be a change in deal dynamics as appetite returns.
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Business
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Apprenticeship scheme to provide jobs boost
Up to 133 apprenticeships are set to be created in Liverpool under a city council-funded scheme to encourage businesses to take on new recruits.
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Heinz workers to vote on pay offer
Baked bean maker Heinz has tabled a new pay offer to staff at its Wigan factory in a bid to resolve an industrial dispute that has seen staff walk out four times over the past month.
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Something for the weekend
This week: All day and all of the night; five get over-excited; and is laughter the best medicine?
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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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Downing hungry for more Leeds success
Downing, the Liverpool-based property developer behind the award-winning Broadcasting Place scheme in Leeds, has told Insider it is hoping for more success in the city following the submission of plans for a £40m redevelopment in the Civic Quarter.
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Colliers to lead Ellesmere Port techno park team
Cheshire West & Chester Council has appointed Colliers International to create an Area Development Framework (ADF) for land and buildings around Ellesmere Port’s New Bridge Road. The ADF will set out a vision for the development and regeneration of the 60-hectare (148 acres) site for which the current ambition is to develop it into a green technology park.
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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
