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Top story
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Speedy sells £35m accommodation division
Newton-le-Willows-based Speedy Hire has sold its loss-making accommodation hire business to Elliott Group, a subsidiary of Algeco Scotsman, in a deal worth £34.9m. Chief executive Steve Corcoran said the disposal would allow the plant hire specialist to focus on its higher-margin core operations – although it has taken a £16m hit on the sale.
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Deals
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Stobart set to raise £120m through placing
North West logistics giant Stobart Group has announced plans to raise £120m through a share placing. Chief executive Andrew Tinkler said the move would give it "firepower to invest" in parts of the group that have the greatest potential.
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SAS Daniels buys personal injury business
Law firm SAS Daniels has acquired Macclesfield-based personal injury firm Berry & Co for an undisclosed sum.
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Sullivan completes Sunday Sport deal
West Ham United co-owner David Sullivan has completed a deal to buy the Sunday Sport newspaper from administrators at BDO.
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Business
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EY reveals entrepreneur finalists
Seventeen business leaders from the North West have been shortlisted as regional finalists in the Ernst & Young Entrepreneur of the Year Awards 2011.
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Designer eyes royal wedding boost
Blackburn bridalwear designer and manufacturer Linzi Jay is gearing up for further international growth as it looks to cash in on the demand for British-made products. Managing director Neil Flatley told Insider he expects interest to surge following the royal wedding – and an appearance on BBC3’s Don’t Tell the Bride.
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Insider Membership – Communicate with North West top companies
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Property
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Barclays funds college development
Barclays Corporate has provided a £5.2m finance facility to Hopwood Hall College in Rochdale and Middleton to fund its campus upgrade plans.
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Green light for £20m Openshaw scheme
St Modwen has been granted outline planning approval for a £20m regeneration scheme in Openshaw, east Manchester.
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Quorum builds Wilmslow portfolio
Quorum has bought one of Wilmslow’s most prominent office buildings from private clients of Stewart Montrose for an undisclosed price. The company was advised by OBI Property.
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Other News
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£20m roof confirmed for Victoria
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St Modwen reaches for "no vacancies" sign
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San Rocco adds Bury venue to group
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Farleys expands in Manchester
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Angels Den added to Business North West line-up
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