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Top story
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Government’s loan explanation doesn’t stack up, says councillor
Business secretary Vince Cable's pledge to re-examine a recently-axed £80m government loan to Sheffield Forgemasters later in the year has been welcomed. But, ahead of an extraordinary meeting of Sheffield Council today, Sheffield Councillor Bryan Lodge told Insider that the government is still not doing enough and rejected claims that the loan is unaffordable. The Labour man has called for the meeting to discuss his motion that the city authority "deplores the decision of this government to cancel an £80m loan to Forgemasters".
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Deals
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J Pullan & Sons makes £2.26m acquisition
Building contractor J Pullan & Sons has acquired four units for £2.26m. Totalling approximately 63,000 sq ft, the Rotherham property is let to three tenants by way of four leases and represents a net initial yield of 11.52 per cent.
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Business
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William Hill move condemned by union
Betting staff union Community Union has described William Hill’s decision to relocate its telephone betting operation from Yorkshire to Gibraltar as a "shameless move from a heartless corporation". William Hill has entered a period of consultation with its 400 staff in the region, after it confirmed the Leeds site is to be shut and the Sheffield facility outsourced. It says all staff affected by the changes will be offered alternative positions within the company.
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Small businesses need more tailored advice, says Skillfair
Small businesses would benefit from more specialist and tailored advice instead of that provided by the Business Link model. That's the view of consultants who took part in a survey hosted by online business forum Skillfair.
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Facom aims to set the standard
Tool provider Facom, part of the Sheffield-based Stanley Black and Decker Tools Group, has launched a new range of products. The electronic torque and angle wrenches aim to set a market standard for use within the industrial and automotive, aviation and engineering industries.
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Beware summer fraud, says Grant Thornton expert
Businesses should be aware of potential fraud during the summer holiday season, says a Leeds expert. Chris Clements, partner and head of financial services firm Grant Thornton’s forensic and investigation services team in Leeds, said research had identified a peak of fraudster activity during the summer months.
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Marshall recruited by Nabarro
The Sheffield office of law firm Nabarro has recruited Ben Marshall as an associate in its team, primarily working for the Medical Defence Union. Marshall, who joins from Halliwells, specialises in healthcare litigation with previous experience from Reynolds Porter Chamberlain, DLA and Brodies.
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Property
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Lord Kirkham agrees Ebor Court lease
Lord Kirkham, the founder of DFS, has become the latest occupier at Wilton Developments’ Ebor Court scheme in Doncaster. Kirkham, who sold his stake in DFS to private equity firm Advent International in April, has agreed a ten-year lease and will use the 3,725 sq ft premises to conduct his other business affairs and his charity work.
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Retail sector at risk from legislation change
Yorkshire-based law firm Gordons warns that retail landlords and tenants must ensure their leases comply with competition law. It comes after legislation that previously excluded property transactions was revoked.
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