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Top story
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Riordan relishes “meaty” enterprise zone challenge
Tom Riordan has told Insider developing the enterprise zone allocated to the Leeds City Region Partnership in the Budget will be the LEP’s “first meaty issue to deal with”. Riordan, the chief officer of the LEP, was disappointed to miss out on other measures outlined by the Chancellor, but said “the key issue is the enterprise zone and we intend to take that forward with great anticipation”.
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Deals
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Billington swoops for Peter Marshall
Barnsley-based Billington Holdings has bought Gildersome-based steel staircase fabricator Peter Marshall (Fire Escapes) out of administration, saving 63 jobs.
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Boparan succeeds in Northern Foods takeover bid
More than three-quarters of Northern Foods shareholders have now accepted Ranjit Boparan's £342m bid for the Leeds-based business. The Harry Ramsden owner said he now needs approval from the competition authorities for the takeover to complete.
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Morgan to invest in start-up
The chief executive of Chesterfield retailing group GT Retail is investing in a start-up business which specialises in providing outsourced accounting solutions. Rob Morgan will provide finance for Barlborough-based Ikara Business Solutions, whose board members include former Grant Thornton partner Bruce Thornton.
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Business
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No repeat of the 80s - Pickles
Communities secretary Eric Pickles has vowed to ensure that the two enterprise zones in Yorkshire will boost economic growth and stimulate private sector employment. Speaking to Insider he said the zones - earmarked for areas in Leeds and Sheffield - would not simply be a rehash of Conservative policy from the 1980s.
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Analox launches new division
North Yorkshire-based Analox is set to divide its operation into two distinct divisions. The business is launching Analox Military Systems - to work alongside Analox Sensor Technology - in a bid to maximise growth in the military sector.
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Fuel rises drive sales at MG UK
Vehicle monitoring business MG UK has said rises in the cost of fuel have driven a 50 per cent increase in sales for its first quarter of this year, as companies look to cut costs.
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Property
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Leeds Building Society pledges £1.4bn lending
Leeds Building Society has pledged to increase mortgage lending by 40 per cent in 2011 to £1.4bn. The UK’s fifth largest building society has said it welcomes the support for first-time buyers unveiled by Chancellor George Osborne.
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Barker's completes £400,000 expansion
Sheffield-based Barker’s Furniture has completed a £400,000 expansion backed by NatWest with the opening of a Simply Sofas showroom in the city.
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