No exit for Fircroft chief + MORE

Auf geht's! AO launches in Germany

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AO World, the online white and electrical good retailer which floated earlier this year with a market value of £1.6bn, is on the eve of launching in Germany, six months ahead of schedule.The Bolton-ba…

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REGIONAL accountancy group Begbies Traynor is continuing to see fewer insolvencies and has warned this trend may hit its full-year performance.The Manchester-headquartered group described market condi…

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No exit for Fircroft chief

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THE chief executive of Warrington oil and gas company Fircroft said he has no intention to float or sell the business.Johnathan Johnson was speaking at the launch of Grant Thornton’s North West Ltd r…

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MANCHESTER United has struck a deal with the Spanish conglomerate Abengoa which will be its first “sustainability partner”.It said the partnership will see the club “enhance and develop its sustainabl…

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A TECHNICAL engineering business near Warrington has gone bust with the loss of 110 jobs.KPMG was appointed administrator of Caip, which provided services to the telecoms, renewable energy and constru…

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Green light for GSK factory + MORE

Liverpool gets ready for MIPIM

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LIVERPOOL has launched its strategy for next year’s MIPIM property conference in France and a new sister event in London next month.An event was held last night to highlight how the city should posit…

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Magnus in US tie-up

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MACCLESFIELD-based landlord Magnus has struck a deal with US-based Karlin Real Estate that will see it commit 16 properties to a new joint venture.Magnus said its properties, which consist of 458,000 …

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Lakes holiday park changes hands

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THANET Well Country Park holiday park in Cumbria has been bought by Darwin Holiday and Lesiure Resorts.The 10-acre site, near Penrith, has 63 timber holiday lodges and was previously owned by Bridge L…

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Car production falls by 22%

– thebusinessdesk.com

CAR production declined more than 22% in the UK during August as many of the major car manufacturers took their annual holiday shutdown.The figures while initially startling are nothing really signifi…

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Green light for GSK factory

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A NEW GSK drugs factory in Ulverston should create hundreds of jobs.The pharmaceutical group GSK has secured planning permission for a biopharmaceutical manufacturing facility, its first new UK factor…

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Overlooked mid-sized firms need more help – BDO + MORE

DESPITE a weakening of demand in the euro zone causing exports to drop, Greater Manchester’s businesses are in good health, according to the Chamber of Commerce’s latest survey.The results of the Qu…

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DJI HOLDINGS, which runs lottery websites in China, has announced encouraging maiden results since becoming a listed company in July.The Cheshire-based firm said it was “very excited” about its future…

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CHESHIRE-based food, fuels and agricultural feed business NWF, said it is on track despite higher commodity prices squeezing margins.In an AGM statement the firm described the first quarter as “diffic…

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X1 looks to expand Seel St scheme

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LIVERPOOL developer X1 has submitted plans to add more student rooms to a scheme earmarked for the last undeveloped plot of land in the Paradise Street Development Area, which became Liverpool ONE. Po…

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MID-SIZED firms in the North West are under-valued and over-looked despite their importance to the economy, according to accountancy firm BDO.Research carried out by the firm shows that mid-market com…

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Slower than expected first half growth for Outsourcery + MORE

WATER company United Utilities says it is trading in line with City expectation and its half year profits will be at a “similar level” to the £323.3m it made in the first half of 2013.The Warrington-b…

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LANCASHIRE County Cricket Club has launched a maiden retail bond to support development of a four-star hotel its ground, Emirates Old Trafford.The LCCC Cricket Bond is a five-year initial fixed-term b…

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THE co-founder and former chief executive of Inventive Leisure, the company behind the Revolution vodka bar brand, is joining ambitious North West brewer and pub operator JW Lees.Roy Ellis, an experie…

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Profits surge at Topps Tiles

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TOPPS Tiles has seen full-year like-for-like revenues grow by 8%.This represents a marked turnaround from the previous year when sales contracted by 0.5%.The Handforth-based retailer which trades from…

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CLOUD computing group Outsourcery saw slower than expected first half sales growth but it has reined in losses.The Manchester cloud computing company, whose joint chief executive is entrepreneur and D…

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Barwood buys Goodrich factory + MORE

Stockport County director steps down

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KEVAN Taylor has stepped down from Stockport County’s board.Mr Taylor, who was the club’s chief executive from 2004-06, has been a director at the club for the past four years.He was drafted in by f…

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Barwood buys Goodrich factory

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BARWOOD DEVELOPMENTS is planning to speculatively develop a 204,000 sq ft logistics base at Goodrich’s factory in Huyton, Liverpool.It has spent £5.2m acquiring the 175,000 aerospace parts factory at…

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£245m refinance for Holidaybreak

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NORTHWICH-based travel group Holidaybreak has completed a £245m refinancing with a syndicate of banks.The package, which matures in 2019 and 2020, has been arranged with its existing lenders – Santand…

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JLL appointed to One New Bailey

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COMMERCIAL agent JLL has been appointed to market One New Bailey, a 125,000 sq ft office block being constructed on the site of Ralli Courts in Salford.JLL joins DTZ on the scheme which is due for com…

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THE boss of Dubai-based hotel group Jumeirah has cited Manchester as a potential location for UK expansion.Jumeirah operates the Burj al Arab hotel in Dubai which is designed to mimic a dhow’s sail a…

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Spanish ban for Soriano + MORE

160 jobs under threat at McVities

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NEARLY 160 jobs are under threat at United Biscuits’ McVities factory in south Manchester.It is proposing to cut 157 of the 630-strong workforce, or 25%, at the factory in Stockport Road, Levenshulme…

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Lancaster tops Times uni survey

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LANCASTER University has been ranked the region’s top university by The Times and The Sunday Times Good University Guide.It was placed 12th in the country, the same as last year, due to consistently …

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Spanish ban for Soriano

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MANCHESTER City’s chief executive Ferran Soriano has been fined over his role in the collapse of Spanish airline Spanair.He has also been banned from “managing other people’s wealth” for two years i…

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Council adds £5m to Alderley Park investment fund + MORE

Speedy agrees £180m refinancing

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TOOL and equipment rental company Speedy Hire has agreed a new £180m syndicated banking deal.The Newton-le-Willows-based group has refinanced a £220m facility agreed three years ago and due to expire …

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THE deputy prime minister has highlighted the need to get Whitehall to let go of the purse strings in order to move forward with decentralisation.Deputy prime minister Nick Clegg launched his Northern…

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CHESHIRE East Council has confirmed it is putting £5m into an investment fund to support start-ups at Alderley Park.Manchester Science Partnerships (MSP) is taking over the 400-acre site near Alderley…

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Clean Air Power sounds profit warning

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CLEAN Air Power, the Preston-based company which develops combustion technology for heavy-duty diesel engines, has issued a profit warning.The AIM-listed company, which counts billionaire Chelsea FC o…

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GG Hospitality, Ryan Giggs and Gary Neville’s hospitality company, has announced the team that will open UK’s first Hotel Football opposite Old Trafford in December.The team launching the …

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IoD searches for new chair as Attard bows out + MORE

MANCHESTER property consultancy Millson Associates has been appointed to advise Seddon Homes on the delivery of 197 homes.The projects, with a total development value of £35m, are spread across severa…

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CONVEX Capital, the Manchester-based corporate finance boutique, led the sale of The Book People to a management team backed by investment firm Endless.The team, led by managing director Mike Driver a…

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Exclusive Invitation to the launch of Grant Thornton’s report North West Ltd. with guest speaker Johnathan Johnson – CEO of Fircroft.We are delighted to invite you to join us for the exclusive launch…

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A LARGE number of student rooms were approved by Liverpool City Council’s planning committee yesterday.Three applications for around 1,000 rooms were presented to the committee as well as two others …

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THE Institute of Directors (IoD) is looking for a new regional chair for the North West.Tony Attard, chief executive of Burnley textiles firm Panaz, is approaching the end of his term after four years…

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Inflation falls to 5-year low + MORE

THIS month’s Labour Party conference in Manchester is expected to add £25.4m to the city’s economy.Marketing Manchester, which led the bid to secure the conference, has estimated the figure based on…

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Peel rebrands hotels arm

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PEEL Leisure has rebranded its hotels arm as Tower Hotel Management.The Manchester-based group said the new name reflected its determination to be seen as a one stop shop for hotel investors.Peel said…

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Inflation falls to 5-year low

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THE headline rate of inflation fell to its lowest rate since 2009 last month.The Office for National Statistics said the Consumer Prices Index (CPI) figure was 1.5%, down from 1.6% in July.It said fal…

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GEORGE Beveridge, chairman of the CBI in the North West has joined his counterparts in other regions in urging Scotland to vote ‘no’ in this week’s independence referendum. In a joint statement led…

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THE University of Manchester has risen three places to entered the rankings of the top 30 universities in the world.According to the annual QS World University Rankings, compiled to help students make…

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