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Top story
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Grants culture is over - Newman
Small businesses in Yorkshire and the Humber have been told to forget the ‘grants culture’. Speaking at Insider’s Power 100 round table, James Newman, chairman of the Sheffield city region LEP and of Finance Yorkshire, said: “Everyone needs to realise that the grants culture is gone. We have to wean small companies off just getting a grant, except in the very early stages of a good idea.”
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Deals
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Spice disposes of FSG in £9m MBO
Morley-based utility support services company Spice has disposed of its national property maintenance provider Facilities Services Group in a £9m management buyout backed by NBGI Private Equity.
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100 jobs saved as GRG bought out of admin
Selby-based security services business Group Response Global has been bought out of administration by Kingdom Security in a move which will save 100 of the 112 jobs at the business.
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Private equity deal value up dramatically in 2010 - LDC
The value of private equity-backed buyouts in the £5m to £150m bracket in Yorkshire increased dramatically last year compared with 2009, according to LDC's 'UK Mid-Market Barometer' report.
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Business
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Apprentice star slams tokenism
Yorkshire-born Apprentice winner and entrepreneur Michelle Dewberry has told Insider companies should not be forced to appoint token women to the board to fulfil quotas. Dewberry was commenting on the report from Lord Davies, which said FTSE 100 companies must more than double the female board members by 2015 or face government measures. Davies has not recommended to impose quotas, but has hinted it is an option if voluntary measures fail.
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Halifax boost with Lloyds back in black
Halifax's parent company, the part-nationalised Lloyds Banking Group, has returned to profit. The bank, which is 41 per cent owned by the taxpayer, has reported pre-tax profits of £2.21bn for the year ended 31 December 2010 - up from 2009's £6.3bn loss. Halifax's cash ISAs and 'Clarity' cards were singled out for praise in the results.
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Hunt for Marketing Leeds supremo begins
Leeds City Council has invited applications for a ‘city ambassador’ to take on the role of chief executive of Marketing Leeds, the city's expanded marketing, inward investment and tourism body.
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Arla turnover reaches £1.5bn
Leeds-based dairy business Arla Foods has said its UK turnover reached £1.5bn during the year ended December 2010 as it made good progress towards its growth strategy. However, the business added that it expected the milk market would remain highly competitive in 2011.
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Next Generation Search Underway
Insider has launched its annual quest to find the best young talent in the Yorkshire and Humber business community.
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Boost your client base – Request a free Insider Membership Pack
Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.
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Business Tourism
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Bureaux reach conference sales of £15m
Yorkshire’s conference bureaux have attained sales in excess of £15m, according to tourism body Welcome to Yorkshire.
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Property
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Osiris invests in relocation
Subsea engineering business Osiris Marine Services has invested £200,000 in new headquarters at Crossings Business Park in Skipton.
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Leeds office rents stable for 2011 – Knight Frank
Headline office rents in Leeds city centre are set to remain at £24 per sq ft for the rest of 2011, according to Knight Frank.
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