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Delays in the £31m disposal of its marine division and cashflow pressures have forced Cosalt to issue a profit warning, telling the Stock Exchange its trading for the year will be "significantly lower" than first anticipated. The Grimsby-based safety and workwear business said it will launch a full review of the business but does not think it is in breach of banking covenants. READ MORE...
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| Deals |
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Banks have reacted to criticism from Yorkshire small businesses by denying that lending decisions are made by computers and credit committees. The UK's biggest lenders told an audience of Yorkshire businesses that local relationship managers in Yorkshire had a mandate to make their own investment decisions. Read More...
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A pancake business launched by two university friends has moved to a new manufacturing and distribution headquarters in Leeds after securing investment. Read More...
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Stafforce Personnel, which is headquartered in Rotherham, has acquired specialist provider TEK Personnel Consultants – its third acquisition in the past six months. Read More...
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Arena Leisure, which operates Doncaster racecourse, has extended the deadline for billionaire suitors the Reuben brothers to show their hand. Property barons David and Simon Reuben have been given until 5pm on 18 November 2011 to put in a firm offer for the business, Arena Leisure told the Stock Exchange. Read More...
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Law firm Addleshaw Goddard has advised on two deals in the renewables sector including a wind farm expansion and the construction of a biomethane plant. Read More...
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| Business |
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Economist Dr Andrew Sentance has warned that accepting high inflation could be dangerous for the UK's prospects of economic recovery. Read More...
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UBS has appointed Andrew Aitken as desk head for its newly-established Yorkshire office in Leeds. Read More...
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Looking to source the biggest clients in Yorkshire? Insider’s Yorkshire Top 500 Companies 2011 database is our comprehensive business marketing list, providing you with contacts for the region’s biggest companies. Order today or request a free sample. Read More...
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| Property |
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Doncaster-based facilities management business Rejus is opening an office in Sheffield city centre after a year in which it has doubled staff numbers to 54. Read More...
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The Leeds office of CB Richard Ellis has established a northern retail agency division to be headed up by new recruit James Fox. Read More...
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