Derwent tries to drag Old Trafford plan back to court

Albert Gubay’s Derwent Holdings has again thrown a spanner in the works of Lancashire Cricket Club’s proposed £32m redevelopment of their Old Trafford cricket ground. The company is seeking leave to appeal the recent High Court decision in favour of the scheme. Lancashire’s chief executive Jim Cumbes told Insider the move was “nothing more than spoiling tactics”.

Co-op establishes Reclaim Fund

Co-operative Financial Services has won approval from the Financial Services Authority to establish a central fund to reclaim around £400m worth of money from dormant bank accounts.

Marlwood raises £800,000 via placing

Licensed goods trading business Marlwood, based in Stockport, has raised £809,000 through a share placing with high net worth investors.

Davenham extends banking facilities

Manchester-based lender Davenham Group has extended its current on-demand bank facility for another six months. The move will allow it to run off its loan book while giving it access to the required levels of working capital for its day-to-day requirements.

Profits up at Real Good Food

Sugar distributor and baking ingredients supplier Real Good Food Company, based in Liverpool, has reported a rise in annual pre-tax profits despite the “toughest ever” year in terms of margins for its sugar business.

Lancashire’s LEP saga is embarrassing – Pickles

Communities and local government secretary Eric Pickles has labelled Lancashire’s long-running failure to form a local enterprise partnership (LEP) as “embarrassing”. He told Insider that he hoped there could be a resolution as soon as possible and warned that businesses in the county would suffer unless an agreement could be found.

Epistem reports ‘solid’ first-half

First-half revenues have nudged up at Manchester biotechnology and research company Epistem, boosted by the extension to a five-year contract to support the US government’s biodefence programme.

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Action Jactin as NWDA sells up

The Northwest Regional Development Agency has accepted the bid by Northern Group to buy Jactin House in Ancoats, Manchester. Northern developed nearby Flint Glass Wharf and is currently onsite with the Ice Plant, an 82-apartment scheme across Cutting Room Square from Jactin House.

Kier wins £20m academy work

Contractor Kier has been confirmed as preferred bidder for the £20m University Church of England Academy complex in Ellesmere Port.

Four in at science parks’ Corridor site

Manchester Science Parks has welcomed four new tenants to its Corridor site. Bytemark, Bio-Analytical Technologies, Teneo and T&H Systems have all joined the science park community since the turn of the year.

Tague on Tour: X marks the spot

With towns across the UK vying for investment capital, what does the future hold for Burnley and how can it present a coherent case for cash? Neil Tague reports.

Dealmakers wrap: 2011 – Big deal?

Paul Ellaby, partner at Hill Dickinson, surveys what the major deals taking place in 2011 can tell us about the mid-market space that the majority of the North West is focused on.

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