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Top story
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Poundworld targets £200m turnover
Yorkshire-based Poundworld Retail is targeting turnover of £200m by March 2012 as footfall in its stores increases. Well maintained shops in the right locations is driving the discount retailer's success, according to marketing manager Martyn Birks, who told Insider the business was on track to achieve its target of operating 150 stores by the end of 2011.
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Deals
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Greencore still chasing Northern - reports
Greencore is still eyeing a deal with Leeds-based Northern Foods, according to reports. The Irish company is said to have been in discussions with private equity groups over the past fortnight and is expected to make a move with an unnamed partner.
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Wildcats deal completes
Spirit of 1873, the investment vehicle formed by Yorkshire entrepreneur Andrew Glover, has completed the acquisition of Super League club Wakefield Trinity Wildcats from joint administrators Peter O’Hara and Simon Weir of O’Hara & Co.
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Four Humber CCS bids for EU cash
Carbon capture storage (CCS) projects in the Humber have accounted for four of the 14 UK applications bidding for funding from the European Union’s New Entrant Reserve scheme. The fund is worth between €4.5bn (£3.8bn) and €9bn (£7.6bn) to support CCS and renewable projects across the EU.
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CME joins Wirquin Group
Bathroom equipment manufacturer CME Sanitary Systems, based in Doncaster, has become a member of the €130m (£109m) turnover Wirquin Group.
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Thurston swoops for container business
Thurston Group, a Wakefield-based company, has purchased Yorkshire Marine Containers (YMC) within five days of administrators being appointed at the business. The deal was brokered by Leeds-based law firm Shulmans.
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Business
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MTL Group secures armour contract
Contract manufacturing business MTL Group has secured a contract from Force Protection Europe to supply a serial production run of fabricated armoured “V” hulls for the UK Foxhound project.
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DWF secures Sainsbury's panel work
Law firm DWF, which has an office in Leeds, has been appointed to Sainsbury’s Legal Panel for civil recovery.
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Business Tourism
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Tourism bureau targets business tourism sector
York & Scarborough Conferences is to host a venue showcase at York Racecourse as part of a marketing drive targeting the business tourism sector.
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Property
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Highcross acquires Saviour House in £2.85m deal
Saviour House in York city centre has been sold to Highcross for £2.85m. The deal was brokered by the capital markets team at CB Richard Ellis in Leeds acting on behalf of its client NFU Mutual.
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UK Mail relocates to Magna 34
UK Mail Group, one of the UK’s largest independent parcel businesses, has signed a ten-year lease for a 27,232 sq ft industrial unit at Magna 34 Business Park in Rotherham.
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