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Top story
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JD Sports on track after strong first-half
Retail giant JD Sports Fashion has enjoyed another strong period of profit and revenue growth despite the tough times on the high street. The Bury-headquartered company, which trades from more than 530 stores, reported an 18.5 per cent increase in sales to £383.9m for the six months to 30 June, while profit before tax leapt 64.3 per cent to £16.6m.
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Deals
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FC United launch £1.5m share issue
FC United of Manchester, the club founded five years ago by Manchester United fans, are today launching a £1.5m community share issue to raise funds for a new £3.5m stadium in Newton Heath.
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Go Goodwins secures asset finance
Go Goodwins, an Eccles coach and bus company, has bought five new vehicles after securing an undisclosed asset finance package from Yorkshire Bank in Manchester. The vehicles will be used to service a new contract with the Greater Manchester Passenger Transport Executive (GMPTE) for bus routes in Sale and Altrincham.
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GSO walks away from Hicks talks
Private equity firm Blackstone Group has reportedly pulled out of talks to refinance loans taken out by Liverpool FC's co-owner Tom Hicks.
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Business
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Morson on the deals trail
Recruitment and engineering business Morson Group, which last week revealed ambitions of growing its turnover to £500m in 2011, today said it was on the hunt for acquisitions to help it hit its sales target.
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Halliwells collapsed owing £14.1m
More than £14.1m is owed to trade creditors following the collapse of Manchester law firm Halliwells, a report has revealed.
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Proventec AIM suspension "to end in November"
Proventec expects the suspension of its shares on the AIM market to end in November. The Liverpool steam cleaning and coatings company suspended shares following the loss of a major shareholder’s backing.
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Insider Membership Deals
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Property
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Retail consortium pleads for rates changes
The British Retail Consortium is set to write to Eric Pickles, the Secretary of State for Communities and Local Government, today to urge him to use alternatives to September’s Retail Price Index (RPI) when calculating the next rise in business rates.
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Roundhouse buys in Chorley
Roundhouse Properties has completed the acquisition of Chorley Business Centre for £410,000. The 5,000 sq ft was bought from Harwood Carpets and has now been let to Howdens Joinery.
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Science park plots future growth
A new centre that aims to keep talented graduates in the region has been launched in Liverpool. The Graduate Enterprise Centre is one of a series of schemes that Liverpool Science Park hopes can boost entrepreneurship and innovation in the city. Its chief executive Chris Musson told Insider about the plans and also revealed more about the park’s next stage of development, including the proposed "ic3" development.
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Other News
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Survey highlights growing north-south divide
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Consider alternative sources of finance, urges FSB
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Three new faces at Scapa
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Rebrand for Promotion Space
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