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Thursday 25 August 2011

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Top story

Conditions are 'worst in 40 years' says Co-op boss

The Co-operative Group's chief executive Peter Marks this morning described retailing conditions as the "worst I have seen in over 40 years" as the Manchester mutual revealed a 10 per cent drop in underlying operating profits to £275.1m in the six months to 2 July. He also warned that economic conditions do not appear to be improving.   READ MORE...

 
Deals

CBG shareholders accept Giles offer

The shareholders of Manchester insurance firm CBG Group have voted to approve a £5.1m takeover approach by Glasgow-based rival Giles Insurance Brokers.   Read More...

Cumbria and Lancashire businesses trail funding bids

Businesses in Cumbria and Lancashire are lagging behind other parts of the region when it comes to applications to the £185m North West Fund, new research has revealed.   Read More...

Government-owned banks bottom of lending table

Research from new finance house Funding Enterprise has found the government-owned banks are seen to be lending less money to small and medium-sized businesses.   Read More...

 
Business

Sportech races to the black

Sportech, the Liverpool gaming and football pools operator, has returned to a pre-tax profit and doubled revenue. Sportech has also hired David McKeith, the former North West senior partner at PwC, to its board.   Read More...

Cyprotex sales rise despite customer loss

Half-year sales have jumped 43 per cent at Macclesfield drug development business Cyprotex despite the "unexpected loss" of its largest customer.   Read More...

Profit dips at AMEC but demand remains

First-half profit at engineering giant AMEC, whose registered office is in Knutsford, has dropped by 11 per cent despite revenues growing by 4 per cent to £1.5bn. But the company said it had been boosted by increased activity in the energy field of the UK's North Sea and in the mining sector.   Read More...

Morgan calls for businesses to get involved

Steve Morgan, chairman of Flintshire housebuilder Redrow, has urged businesses, entrepreneurs, charities and social enterprises in the region to enter this year's Morgan Foundation Entrepreneur Awards.   Read More...

 
Property

Etihad selects Voyager for European base

Etihad Airways has selected the Voyager building at Manchester Airport for the location of its first contact centre in Europe.   Read More...

KPMG confirms One St Peter's Square relocation

KPMG has confirmed it will relocate to One St Peter's Square in Manchester. The firm will occupy 65,000 sq ft across the top three floors of the development.   Read More...

Bluemantle wins consent for Holmes Chapel scheme

Alderley Edge property investment and development company Bluemantle has secured outline planning approval for a mixed-use scheme in Holmes Chapel.   Read More...

 
Other News

BNY Mellon appoints northern head

Topps Tiles reports lower sales

Planning granted for Halton Lea store

Private finance must remain an option – CBI

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