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Top story
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Hasgrove looks internationally after solid year
Hasgrove chief executive Rod Hyde this morning told Insider that the group is well positioned for further growth this year after reporting a sharp rise in turnover and profits in its last financial year. He said the “dark days” of 2008 and 2009 were now well behind the company.
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Deals
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Media sector leads way for funding requests
Businesses in the entertainment and media sector made the most requests for finance during the first quarter of the year, according to FundingStore.com.
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Business
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Redrow expects completions rise but eyes Scottish sale
Housebuilder Redrow this morning revealed it expects completions for the full year to be ahead of last year. But in a trading update to the Stock Exchange, the business said it intends to sell its underperforming Scottish business as it looks to boost the average selling price through an increased presence in London and the South East.
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Promethean hit by sales slump
Blackburn-headquartered Promethean World this morning revealed that its sluggish levels of trading experienced in the second half of last year have continued into 2011. The company, a manufacturer of interactive white boards, said sales were down 22 per cent in the first quarter compared with the same period a year ago.
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NCC revenues show rise
NCC Group has reported revenue 53 per cent ahead of last year's position ten months into its financial year. The Manchester escrow and insurance business had a revenue of £57.6m for the period to 31 March 2010.
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McKeever makes WEMS move
Former Styles & Wood chief executive Ivan McKeever has joined Stockport-based Adam International. One of his first tasks has been to oversee a rebranding of the company, which will now be known as WEMSinternational.
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Property
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Pochin’s takes heart from construction upturn
Cheshire property and construction group Pochin’s has said it can take “some encouragement” from an upturn in activity in its construction division but has warned the market remains subdued.
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Kenyan investor buys Barclays building
The Kenya-based Sameer Group has acquired the Barclays call centre in Wavertree, Liverpool, for £10.45m. The buyer was advised by CB Richard Ellis’s capital markets team. King Sturge advised the vendor.
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Rochdale and Riverside to pool their resources
Rochdale Borough Council has signed an agreement with social housing provider Riverside for a land-pooling arrangement at the Langley Estate, Middleton. It was advised by law firm Cobbetts.
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Other News
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Big questions for Liverpool offices, says CBRE report
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RPS adds to portfolio
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Confidence rises but job creation remains weak - FSB
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No sign of inflationary pay in manufacturing - EEF
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