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Top story
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Co-op chief hails 'remarkable and exhilarating period'
The Co-operative Group’s chief executive Peter Marks this morning hailed the company’s performance over the past three years and said 2010 capped a “truly remarkable and exhilarating period” for the Manchester-headquartered business.
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Deals
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NCC strengthens US escrow operations
Manchester IT security and assurance business NCC Group has expanded its US operations with a deal to buy Escrow Associates. NCC will pay a maximum of $9.5m (£5.9m) in cash for the Atlanta-based company.
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Accumuli moves for Yorkshire business
Accumuli has completed its third acquisition with the £7.5m purchase of Yorkshire IT business Boxing Orange in a cash and shares deal. The Salford Quays-based ‘buy and build’ company acquires businesses in the managed security services sector.
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NatWest chips in with Greenhill funding
Electric golf trolley manufacturer Greenhill Technologies has secured a £250,000 working capital facility from NatWest to help support a seasonal increase in the demand for its products.
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Business
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Essar buys Stanlow refinery for £219m
Indian multinational Essar Group has acquired the Stanlow oil refinery in Ellesmere Port for £219m ($350m). Stanlow is the second-largest refinery in the UK and will provide Essar a direct access in the UK market.
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Vindon eyes deals after sales rise
Liam Ferguson, the chairman of Rochdale-based Vindon Healthcare, has told Insider the company is actively looking for acquisition opportunities as it looks to build on the 8.5 per cent revenue growth in 2010.
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Meredith accuses Clarke of ignorance over CFA reform
The senior partner of Cheshire-based Hilary Meredith Solicitors has reacted angrily to the government's proposed reform of the "no win, no fee" system. Hilary Meredith said justice secretary Ken Clarke has displayed a "complete ignorance" of the system.
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Property
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£30m Speke leisure park seeks planning permission
A £30m leisure complex, including a cinema, gym, hotels and restaurants will be built in Speke, subject to planning permission.
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CBRE North West buys Interchange for Aberdeen
The North West capital markets team at CB Richard Ellis has advised Aberdeen Property Investors on its £7m acquisition of The Interchange, a 120,000 sq ft industrial estate in Huntingdon, Cambridgeshire. The deal reflected a net initial yield of 8 per cent.
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Seven up at Manchester Airport
Commercial property company MAG Developments has secured seven lettings totalling about 6,000 sq ft at two of its buildings at Manchester Airport.
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Other News
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St Modwen lets final Haletop unit
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TDG takeover completes
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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.
