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Yorkshire and Clydesdale Bank has been one of the most active lenders to buyouts in the £5m to £15m deal market since the onset of the credit crunch, figures from Corpfin Worldwide show. Paul Shephard, regional director with Yorkshire Bank, said: "Yorkshire and Clydesdale Bank has had no exposure to the sub-prime market. We have retained a strong balance sheet and liquidity position and as a result our desire to fund deals remains unchanged. With three £20 million-plus deals completed in the last few weeks across the North West alone, the evidence shows that we're very much open for business." 
Shares in Liverpool brewer and pub operator Cains Beer Company dropped by a third this morning as the business posted a loss for the six months to April of £4.5m, compared to a loss of £2.7m for the 14 months to 28 October 2007. Shares slipped 2.12 pence to 4.25 pence. The group is expected to settle an outstanding HM Revenue & Customs bill to fight off a winding-up order, but said today: "The directors believe that the group will be able to reach agreement with its bankers regarding appropriate levels of funding. However, the directors do recognise that there is a material uncertainty which may cast doubt on the group's ability to continue as a going concern." Finance director Paul Morgan, who only joined in May from Stanley Leisure, has resigned.
GMMG welcomes public vote The Greater Manchester Momentum Group has welcomed the announcement by the Association of Greater Manchester Authorities on Friday that referenda will be held to decide on the city region's Transport Innovation Fund bid. Kellogg's director and group spokesman Chris Wermann said: "We will now campaign strongly for a âno' vote on current proposals but acknowledge we all have a role to play in managing future congestion as well as putting forward appropriate infrastructure and funding solutions."
Walker Trust cash returns to Rovers The Walker Family Trust is to reinstate the £3m annual donation to Blackburn Rovers Football Club, while continuing to seek a buyer for the club. Rothschild has issued sales memoranda to two interested parties, one of which - fronted by JJB Sports chief executive Chris Ronnie - has withdrawn from the process. "No party had got close to starting a due diligence process," Rovers' chairman John Williams told a fans forum last week. The trust, which is seeking offers between £50m and £60m, stopped the funding for 2006-2007, citing increased revenues from television money. The current tranche of funding takes the total investment in Rovers by the Walker family to £40m.
KPMG survey predicts further job cuts Those who've predicted that the regions will escape the worst of the credit crunch may have to think again. KMPG's quarterly National Business Confidence Survey, which reveals that 53 per cent of businesses are planning to slash jobs as a cost-cutting measure, surveyed senior executives in 203 public and private sector companies - 80 per cent of them outside London. However, only one in ten respondents believed that the country faces a full-blown recession.
End of the road for haulage company Cumbrian haulage company G Aldersons and Sons is reported to have gone out of business after 50 years in the trade. The business, located on the Cross Croft industrial estate in Appleby, blamed rising costs and plunging profits for the closure. At its peak the company owned 20 wagons and employed 30 staff, but closed with just three wagons and two drivers.
MMU goes green Manchester Metropolitan University's (MMU) new business school is set to be the greenest building in the city - and, like all good greenhouses, it's going to be made of glass. The university has a carbon footprint of 20,000 tonnes and came in at 91st in the Times Higher Education's Green League 2007. Green measures include the appointment of a carbon reduction manager and investment in water conservation. MMU has moved up the Times chart to 67th place.
Agency Colliers CRE has achieved a record sale price for a small industrial unit at Trafford Park on behalf of developer Chancerygate. The 2,831 sq ft Unit 7 at Chancerygate Business Centre was acquired by Technique Services for £340,000, equating to £120.10 per sq ft. Andy Backhouse, senior surveyor, logistics and industrial, at the Manchester office of Colliers CRE, who acted for Chancerygate, said: "I believe that this is a record price for a small unit at Trafford Park."
DJ makes OGC panel Consultancy Drivers Jonas (DJ) has been reappointed to the Office of Government Commerce (OGC) Estates Professional Services Framework for a further four years, the firm's third successful re-tender. The OGC Framework allows appointed firms to capitalise on public sector estates advisory work - a consistently strong area for DJ, which boasts a strong Manchester office, with approximately 40 per cent of fee income in recent years coming from public sector clients.
Hyde hat-trick for Kilmartin Kilmartin has announced the completion of a hat-trick of deals at Hyde Point in Hyde, East Manchester. A 6,629 sq ft unit has been sold to Norwood Partition Solutions, which will move from New Mills, while deals were also signed with Tameside and Glossop Primary Care Trust, which signed a ten-year lease for 5,916 sq ft ,and Pearson Print, which bought a 4,792 sq ft unit to enable its move from Denton. P3 Property Consultants and King Sturge negotiated the deals.
Downtown Liverpool in Business is to host an event at the Plaza in Liverpool's Old Hall Streetl, where a keynote speech on the future of UK cities will be given by Chris Grayling, the shadow secretary of state for work and pensions. Grayling will speak on the need to narrow a social gap between rich and poor now wider, he says, than at any other time since Victorian days. Also in the city, NUREC 2008 - The Northern Urban Regeneration Exhibition and Conference - takes place today and tomorrow at ACC Liverpool. It is billed as the key event for regeneration practitioners to listen, learn, discuss and debate the challenges facing northern towns and cities as they seek to narrow the gap with London and the South East.
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