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Top story
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Innovation group set for LEP role
A body created to drive innovation in Manchester is set to be given the green light to continue its work as it is taken under the wing of the city region's emerging local enterprise partnership (LEP). The move to save the Manchester Innovation Group comes despite a decision last month to pull the plug on Manchester: Knowledge Capital.
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Deals
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Co-op Bank steps in to back expansive Marcus Worthington
Preston-based developer and investor Marcus Worthington Properties (MWP) has refinanced its portfolio of investment properties with the Co-operative Bank’s property finance unit in an £18.6m deal.
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EV moves for Yorkshire fund manager
Lancashire fund manager EV has acquired Yorkshire-based F4Y and its trading company Finance South Yorkshire in a deal that increases EV’s funds under management to about £130m.
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Bingo operator sale sealed
Manchester-based Buckingham Bingo, one of the biggest bingo club operators in the North of England, has been broken up and sold.
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Business
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Epistem strikes research deal
Manchester biotechnology and research company Epistem has struck up a three-year collaboration agreement with global pharmaceutical company Sofi-aventis.
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Gaskell sets out LEP priorities
Judge us in 18 months – that’s the message of the first chairman of the Cheshire and Warrington Local Enterprise Partnership (LEP). Christine Gaskell told Insider that the organisation was a mission to stimulate private sector growth but warned it couldn’t be “all things to all people”.
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Hephaestus reveals acquisition and delisting plans
Hephaestus Holdings, an acquisition vehicle for industrial businesses formed after the break up of Irlam-based Robotic Technology Systems, this morning announced plans to delist from AIM.
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Property
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Peel calls for JJB to be supported
Regional heavyweight Peel Holdings has given the thumbs-up to the Company Voluntary Arrangement (CVA) proposals put forward by embattled retailer JJB Sports.
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Sales up as Morris set for refinancing
Housebuilder Morris Group has forecast a 20 per cent rise in sales in its current financial year on top of the 12 per cent growth rate it achieved in 2010. The Wilmslow-based company is also set to refinance its £190m bank loans that were due for repayment by the end of the month.
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DJD maps out Liverpool’s retail future
Prioritising retail development in the northern and eastern parts of Liverpool city centre, along with improving public realm and stronger delivery of management, maintenance and branding, are the key recommendations of an independent study led by consultancy Drivers Jonas Deloitte (DJD).
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Other News
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Knight Frank appointed on MIOC
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Insider breakfast - Leadership and life
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Avila snaps up Hawarden unit
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