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Top story
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Strong year for Princes
Sales at Liverpool-headquartered food and drink giant Princes have topped the £1bn mark for a second year running. The business has been owned by Japan’s largest general trading company Mitsubishi Corporation since 1989 and said the figures reflect the “continued growth of the business”.
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Deals
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British Salt sold for £93m
Private equity firm LDC has disposed of its investment in Cheshire Salt Holdings, the parent company of Middlewich-based British Salt, with a £93m sale to Tata Chemicals subsidiary Brunner Mond. LDC’s Manchester office backed the original management buyout of British Salt in 2007, acquiring the business from its US parent company.
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Business
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£22.9m loss for Proventec
Proventec has reported a pre-tax loss of £22.9m for the 18 months to 30 September 2010. The Liverpool steam cleaning and coatings business reported turnover of £22.6m for the period in its unaudited preliminary results.
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Ski website project win for Rippleffect
Liverpool-based digital agency Rippleffect has completed a website project for the Ski Club of Great Britain. The site aims to have a "strong community focus" as part of a rebranding strategy for the sports association.
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NW manufacturing hails £50m investment
Manufacturers in the North West have welcomed the government’s decision to invest £50m into the Manufacturing Advisory Service and launch a review into the future of advanced manufacturing.
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McShane warns on energy costs
Businesses in the region are being warned they could be hit by spiralling energy bills over the coming months as energy suppliers build cold weather risk premiums into their prices. John McShane, managing director of Liverpool-based Saturn Energy, said the cold weather has already seen wholesale rises in gas prices.
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Sweet success for Gawthorne
Formby entrepreneur Lisa Gawthorne has set up ethical food company Bravura Foods and won a contract to distribute the Panda brand of licorice from her former employers BBI Healthcare.
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Property
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Morgan Sindall wins award for £63m AZ project
Warrington-based design and engineering consultancy Morgan Sindall Professional Services has been awarded the UK’s Engineering Project of the Year 2010. It was given by the Institution of Chemical Engineers for the company’s design of a £63m research and development site based in Macclesfield for pharmaceutical business AstraZeneca.
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St Modwen gets visual with Project Jennifer
Developer St Modwen has released a new 3D animation showcasing updated plans for Project Jennifer, the £150m regeneration scheme around Great Homer Street in North Liverpool.
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