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Top story
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Transport investment vital to regional growth - Osborne
Chancellor George Osborne has told Insider that improvements to transport bring better benefits to regional economies than regional development agencies and other business support initiatives. He said: “The high speed rail link has the opportunity to change the economic geography of the country. It will bring parts of the North and the Midlands close to the centre.”
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Deals
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Humberside Airport owner eyes acquisitions
Manchester Airports Group (MAG), the owner of Humberside International Airport, has signalled its intention to make acquisitions following the ruling that BAA will likely have to sell Stansted and either Glasgow or Edinburgh Airports. Speaking to Insider, group chief executive Charles Cornish - who took over the reigns at MAG last October, said: "We will almost certainly be interested; presuming they become available we’ll look at getting a vehicle together to buy one of them."
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Lingerie business EBI Apparel goes bust
Leeds-based EBI Apparel, which manufactures lingerie and underwear under licence for clients including high street retailer Monsoon, has gone into administration.
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Airedale invests £500,000 in training centre
Airedale International Air Conditioning is making a £500,000 investment in a training centre. The £40m-turnover Leeds company hopes to train a new generation of engineers with the skills to install and service air conditioning and control systems.
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Property
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Cutting & Wear to invest £5m in new HQ
Cutting & Wear, a Rotherham-based supplier of drilling tool technologies to the oil sector, plans to invest £5m into the business as part of an expansion programme. The investment includes plans to create a purpose-built 38,000 sq ft facility in South Yorkshire.
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Housebuilding projects on the rise - NHBC
Housebuilding levels improved during December with an 18 per cent year-on-year jump in the number of private homes developers plan to build. The figures, released by the National House-Building Council (NHBC), revealed 7,385 were built in December 2010 - up on the 7,149 total in December 2009.
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Business
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1,042 jobs lost as Auto Windscreens closes
Chesterfield-headquartered Auto Windscreens is to close after liquidators were unable to sell the business. Almost 1,100 employees have been made redundant.
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Redhall clinches £20m contract
Wakefield-based specialist engineering support services business Redhall has won a £20m contract to design, manufacture and install of specialist engineered doors for Reading-based AWE.
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£2m contract win for Optare
Leeds-based coachbuilder Optare has won a £2m contract to supply Arriva with ten of its 'Solo Hybrid' buses for export to Malta. Arriva was recently awarded the contract to run the bus services in Malta and Gozo by Transport Malta and the Maltese government.
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Economic decline worse than first thought - ONS
The economy declined by a bigger margin during the final three months of 2010 than first expected, figures from the Office for National Statistics have revealed.
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