|
Top story
|
Tough conditions in opportunistic market, says leading dealmaker
The deals market remains tough for Yorkshire due to a lack of bank lending with most deals involving the "opportunistic" purchase of assets from struggling companies. That's according to John Hamer, the head of the corporate team at Leeds-based law firm Walker Morris, who told Insider that owners of "quality businesses" remain reluctant to sell up for fear of not getting the "best price".
|
|
Deals
|
2Co Energy acquires CCS project
Powerfuel's carbon capture and storage (CCS) business has been sold to London-based 2Co Energy. The company said it will develop the CCS project at Hatfield in South Yorkshire and will put in place a financial guarantee so a €180m (£158.3m) grant from the European Commission will be drawn down.
|
Tata to invest £1.2m in Scunthorpe plant
Tata Steel is investing £1.2m in two machines at its wire rod rolling mill in Scunthorpe in a bid to increase quality and efficiency. The steelmaking giant said the machines would also boost production of the most technically demanding steels.
|
|
Business
|
Tsunami hits Pace profits
The Japanese tsunami has impacted on profitability at Pace leading to "a disappointing start" to its financial year, it said today. The digital technologies business based in Saltaire said costs had also been increased after it built inventory and purchased components ahead of schedule.
|
Falling ad revenue hits Johnston Press
Johnston Press has reported a 10.6 per cent fall in advertising revenue for the 18 weeks to 7 May 2011. The company owns the Yorkshire Post, Yorkshire Evening Post and Sheffield Star newspapers.
|
Board changes at Optare
AIM-listed Optare, the Leeds bus manufacturer, has confirmed the departure of its chief financial officer following a series of board changes.
|
£1.3m wool deal tied up
The British Wool Marketing Board has sold £1.3m of wool to Bingley-based supplier Curtis Wool Direct as part of its "biggest ever" deal.
|
Law awards are open for entries
The Yorkshire Lawyer Awards, which are set to be held on 5 October at the Queens Hotel in Leeds, is now open for entries.
|
Would you like more sales leads?
Our 'Complete Set of Top 500 Companies' database is now more comprehensive than ever. Encompassing eight UK regions, it is our accurate and comprehensive business marketing database. Try our free sample or order now.
|
|
Property
|
£14.4m property deal clinched
Legal & General has bought 1 Whitehall Quay in Leeds from Danmerc for £14.4m, reflecting a net initial yield of 7.88 per cent. According to Jones Lang LaSalle, which acted on behalf of Legal & General, this is the "largest multi-let office investment transaction in Leeds in the last year".
|
Agents appointed to Latitude Blue
DTZ’s office agency team in Leeds has been appointed jointly with BNP Paribas Real Estate as letting agents for BAM’s Latitude Blue development in Leeds.
|
Squire Sanders Hammonds appoints new partner
Squire Sanders Hammonds has hired Matthew Dalzell as real estate partner in its Leeds office.
|
