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Wednesday 25 May 2011

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Top story

JJB's turnaround set to take five years

The uphill task to revive the fortunes of Wigan-headquartered JJB Sports has been laid bare this morning as the embattled retailer revealed its annual losses have swollen to more than £180m. The company, which secured its immediate future last month after tapping its long-suffering investors for additional funds and pushing through a rent deal with landlords, said its turnaround could take up to five years.   READ MORE...

 
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Forming an exit strategy

Image Description HereSimon Woolley, managing partner at EOS Law, explains why ensuring you have an exit strategy in place could make all the difference in your sale.

 
Deals

ITN Mark sold to Indian group

ITN Mark Education, a Manchester business which supplies teachers to more than 1,600 schools across the UK, has been sold to Indian education company CORE Projects & Technologies in a multimillion-pound deal.   Read More...

BVCA announces regional winners

The British Venture Capital & Private Equity Association (BVCA) has revealed the six North West businesses that have won its regional Portfolio Company Awards.   Read More...

Envestors launches finance and mentoring team

Private investor network Envestors has launched a finance and mentoring team for entrepreneurs after hiring two recruits from Business Link North West.   Read More...

 
Business

FSA fines Salford trader £1m for share abuse

The Financial Services Authority (FSA) has fined Salford businessman Samuel Kahn £1m for ramping the share price of Manchester-based Global Brands Licensing, a company listed on the Plus market.   Read More...

Banking needs to support Middle East drive

Banks need to do more to support exporting manufacturers – that was the view of panellists at Insider’s latest international trade event.   Read More...

Torotrak feels the effects of restructure

Torotrak, the Leyland-based technology company, has slipped to an annual loss and reported lower revenues. But the business said it was expected following a major restructuring programme earlier this year.   Read More...

Boost your client base – Request a free Insider Membership Pack

Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.   Read More...

 
Property

Developer convicted of multimillion-pound fraud

Lancashire commercial property developer Shaun Kiely has been convicted at Preston Crown Court of defrauding seven investors in deals exceeding £1.3m.   Read More...

Furnishings business beds down in Salford

Bury soft furnishings business J Rosenthal has invested £2.85m in a new warehouse and distribution centre in Salford.   Read More...

Cheetham & Mortimer appointed in Rochdale

Manchester retail and leisure property consultancy Cheetham & Mortimer has been appointed as agent on Rochdale's £150m town centre redevelopment.   Read More...

 
Other News

Retail sales growth subdued - CBI

Eatonfield shares slide after sale falls through

Pickles decision ends year-long Tesco delay

 

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