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Top story
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Fourth Hospitality sold in £50m deal
Cheshire-based Fourth Hospitality has been sold to private equity firm ECI Partners by husband and wife team Derek and Edwina Lilley – the duo who founded restaurant chains Est Est Est and Piccolino. The company provides web-based back office systems to the biggest names in the hospitality industry.
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Deals
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American Golf ‘attracts £80m price tag’
Warrington retail chain American Golf has been put up for sale with a price tag of £80m, according to reports.
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MBL to sell U-Explore stake
Leyland-headquartered CD and DVD distributor MBL Group, which has started an “immediate downsizing” programme after losing two major contracts with Morrisons, has announced plans to dispose its stake in digital media company U-Explore.
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Singleton Clamp moves for PTP
Singleton Clamp & Partners (SCP), a Manchester traffic and transport consultancy, has strengthened its operations in the south after snapping up a London-based rival.
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Business
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Cable urged to deliver on red tape plans
Business groups in the North West have broadly welcomed the government’s move to release companies from unnecessary burdens caused by red tape. But leaders have called for Whitehall to “deliver action, rather than just words”.
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Regions reports rise of the rich
The North West is the UK’s third richest region with 64,000 millionaires, according to a new report published today. The report, compiled by Barclays Wealth in conjunction with Ledbury Research, also predicts that the millionaire population is set to grow by more than third by 2020.
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Chinese creative sector is booming - CING
Booming demand for creative industry work at good rates makes China "the perfect market", according to Phil Northall from Manchester-based Creative Industries Networking Group (CING).
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Property
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Green light for £200m Kirkby plans
Plans to regenerate Kirkby town centre have been given the green light by Knowsley Council’s planning committee. The Tesco-led scheme, drawn up after the Destination Kirkby plans with Everton FC were scrapped, is expected to bring in more than £200m of private investment into the town.
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Mansion plans Nottingham student scheme
Cheadle-based The Mansion Group has submitted an application to develop 140 new city centre apartments in Nottingham.
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McAlpine starts work on council building
Construction of the new customer service centre, library and council offices in Rochdale town centre is underway. The site will bring together around 2,000 council staff from more than 30 buildings.
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Other News
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Jobs lost as Sorsky goes under
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Liverpool ‘embassy’ secures London stay
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Clegg calls on manufacturing to boost UK
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