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Top story
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UK Coal slumps to 'unacceptable' £125m loss
UK Coal has reported a pre-tax loss of £124.6m for 2010 in what the company has called a "further year of poor operational performance". The Doncaster-based coal mining giant said it is taking "immediate and difficult action" to improve performance. It added that safety performance has been "unacceptable".
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Deals
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Haulage business snaps up rival
Haulage company M Kettlewell (Melmerby) has acquired rival business Allen W Brown and Co in a move that secured 15 jobs. The North Yorkshire business was backed by Yorkshire Bank.
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YBS budgeted for N&P fines
Yorkshire Building Society acquisition target Norwich and Peterborough Building Society has been fined £1.4m by the Financial Services Authority for mis-selling Keydata products to 3,200 people. The society has agreed to make related compensation payments of £51m, but a spokesman for YBS told Insider it was continuing with its due diligence and had fully taken the possibility of a fine into account.
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Railclear signals intention after HSBC deal
Weed control business Railclear has targeted international expansion after switching its banking to HSBC. As part of the deal, Goole-based Railclear has secured a £1.5m invoice discounting facility.
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Business
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Five-fold profits rise at Surgical Innovations
Surgical Innovations Group has reported a 487 per cent growth in pre-tax profits. The company posted a profit of £1.5m for the year to 31 December 2011. The company said it is actively looking for acquisition opportunities.
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Rising Stars shortlist unveiled
The shortlist has been unveiled for the 2011 Yorkshire Rising Stars of the Year Awards, which recognise the region’s best young financial professionals.
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Q1 profit up at IPF
Leeds-based lender International Personal Finance has posted a £6.3m jump in first quarter pre-tax profit to £8.3m, hailing "strong growth, effective credit and collections management and tight cost control".
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The Top 500 Companies marketing database
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Property
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BAM wins £20m Hull police HQ work
BAM Construction has been appointed as the preferred contractor for the construction of Hull's police headquarters.
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Henry Boot launches renewable division
Sheffield business Henry Boot Construction has launched a renewable energy division. The company said it intends to strategically position itself for future growth in the market.
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Other News
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Chapter Eight secures payment security standard
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