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Top story
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Infinity JV buys the Albany
The Albany Building in Liverpool’s Old Hall Street has been bought by Manchester-based private equity and property finance firm Infinity Asset Management in a joint venture partnership with 53N. Infinity (Albany) LLP has paid an undisclosed sum to administrator Ernst & Young or the Albany. The building, a former cotton warehouse, had been developed into apartments by Albany Assets, which went into administration when the residential property market collapsed.
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Deals
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Stobart JV in £2m acquisition
Stobart Group has acquired part of a Sussex manufacturer and supplier of woodchip biomass fuel through joint venture company Stobart Biomass Products (SBPL).
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Business
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Profits up at DWF
Law firm DWF, which has offices in Liverpool, Manchester and Preston, has posted a 51 per cent increase in net profit and a 17 per cent rise in turnover to £71.5m for the year to 30 April 2010.
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Novartis reports higher earnings
Drug maker Novartis, which employs more than 700 people at its vaccines and diagnostics business in Speke, has reported a second-quarter net profit increase of 19 per cent.
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Recovery continues at JLR
Sales have risen 47 per cent at Jaguar Land Rover (JLR) as the revival in the luxury car market continues, parent company Tata Motors has revealed.
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Peppered Sprout debts totalled £620,000
Liverpool design agency and independent publisher Peppered Sprout collapsed with debts of £620,000, a report has shown.
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Something for the weekend
This week: Who wants to be a millionaire, a Mere formality and innovation, that’s what you need.
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Property
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DTZ appointed at Liverpool Innovation Park
Space Northwest has appointed DTZ as principal agent for Liverpool Innovation Park’s (LIP) Edge Lane campus.
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Study outlines Knowsley potential
Knowsley Industrial Park has the capability to create 1,700 jobs and an additional 950,000 sq ft of commercial space, a review of the park’s potential has concluded.
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Community
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Tague on Tour – Don’t slow down
Where can the Manchester city region’s towns look to learn from as they seek to combat the leaking of retail and leisure spend to Manchester city centre and the Trafford Centre? Neil Tague urges a more expansive approach than looking to ape the play-it-safe approach of wealthy Wilmslow.
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Talking Point: The death of “the region”
The "region" is dead, long live local. Insider editor Michael Taylor writes the obituary for a New Labour ideal.
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Advice
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