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Top story
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Fight for ‘transformational’ rail schemes, says Hammond
High speed rail, coupled with Network Rail’s £530m Northern Hub plans, could have a “transformational” effect on the region’s economy, transport secretary Philip Hammond has said. But speaking to Insider he urged business leaders to redouble their efforts and fight for the schemes – or else risk losing out to opponents from the South. Insider is campaigning for Network Rail’s Northern Hub bid to be accepted in full.
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Deals
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£550m green funding package unveiled
The Carbon Trust and Siemens have unveiled plans to provide UK businesses with green equipment finance worth up to £550m over the next three years. The deal aims to boost green growth and unlock business investment in the 'low carbon economy'.
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MBO at Fultons
Discount grocery chain Fultons Foods has been acquired in a management buyout. In a deal backed by Yorkshire Bank, the management team of the £50m turnover business bought out private equity firm 3i’s share in Frozen Value, the company behind Barnsley-headquartered Fultons.
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Property
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Leeds looks forward to fruitful MIPIM
Marketing Leeds has confirmed the Leeds City Region’s programme of activity in next week's MIPIM 2011, the world’s largest property and development convention.
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LSH to relocate in Leeds
The Leeds office of property consultancy Lambert Smith Hampton is relocating into 4,600 sq ft of office space on the ground floor of Bond Court, overlooking City Square.
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Bramall nets hat-trick of contract wins
Affordable housing contractor Bramall Construction has won three Yorkshire contracts worth £9.9m. The Rotherham-based company has secured a contract with Synergy and Chevin Housing Association to build 55 homes at The Beverleys in Beeston.
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Business
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Council hits back at Pollards closure claims
Sheffield City Council has hit back at claims it was responsible for the closure of Pollards, the city's oldest shop which shut its doors earlier this week after 132 years of business. Pollards owner Simon Bower had told Insider massively reduced footfall caused by the delayed Sevenstone regeneration project "strangled" his business.
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Weather hits Just Car Credit margins
Extreme weather conditions and a "variability of repair volumes" put pressure on margins at Goole-headquartered Just Car Clinics, it reported today. The car repair company reported a £47,000 drop in pre-tax profit for 2010 from £1.15m to £1.11m though turnover increased 8.6 per cent to £46.54m, it said in its preliminary results.
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Revenue growth expected at Avacta
York-based biotechnology business Avacta Group has said it expects to report solid underlying revenue growth for the first-half of its financial year with a "significant reduction" in the level of losses.
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Jobs to go at SENTA
The Sheffield Enterprise Agency (SENTA), a subsidiary of the Sheffield Chamber of Commerce, has put a number of employees at risk of redundancy.
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Nominate your Rising Star
There is still time to get your entries in for the 2011 Yorkshire Rising Stars of the Year Awards, which reward the region’s best young financial professionals.
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Business Tourism
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SIV to host month of sporting events
Sheffield International Venues is set to host a series of sporting events this month as part of the year of sport taking place in the city. It is hoped Sheffield's line-up for 2011, which includes eight world-level events and 20 national championships, will confirm the city as one of the main UK sporting destinations in the run-up to the 2012 Olympics and bring £6m into the economy.
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