HS2 arriving six years ahead of schedule + MORE

The first production Bentley Bentayga, the catalyst for a £800m investment programme, has left the assembly line at Bentley’s headquarters in Crewe.Four years on from the initial concept stage, …

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HIGH-speed trains will be running between Birmingham and Crewe by 2027 – six years earlier than originally planned.Chancellor George Osborne appears to have responded to suggestions from the Labour Pa…

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AN international manufacturer of insulation products has changed hands in a multi-million pound private equity deal.Armacell, which makes flexible foam products for equipment insulation and technical …

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ONE of the region’s busiest stretches of motorway is to be upgraded over the next 18 months at a cost of £14.5m.Highways England said it would undertake eight projects on a section of the M6 between …

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SHARES in Slater & Gordon, the Australian legal firm, have staged something of a recovery after heavy falls last week.The stock rose aftet the firm, which has hundreds of employees in Manchester and L…

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Government set to back fracking + MORE

FOR some retailers Black Friday can be a challenge, but for those who have prepared well and have both sufficient digital bandwidth and the infrastructure to meet demand, it can be a blessing. Last ye…

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Government set to back fracking

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FRACKING, the controversial process for extracting shale gas from the earth, could start in the region soon after the government said it would intervene to fast-track applications to drill in Lancashi…

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GARY Neville and Ryan Giggs have struck a third deal with Singaporean investor Rowsley, this time to develop the Stock Exchange building in Manchester into a boutique hotel.The former United pair, who…

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BOLTON-headquartered IT managed services specialist Imerja has been acquired by Intercity Technology.Intercity, which turned over £20.8m in the year to December 2014, said Imerja would add “considerab…

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THE Government is axing its Manufacturing Advisory Service, and the Growth Accelerator programme as part of spending cuts.The initiatives are part of the Business Growth Service, a national programme …

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Real estate company to axe 60 jobs + MORE

Arrow Global profits power ahead

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ARROW Global, the Manchester-based company, which buys debt portfolios from lenders around Europe and uses data analytics to recover owed money, has reported a surge in quarterly profits.In the nine m…

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BARROW-based marine engineering services provider James Fisher is forecasting a worse than expected performance as revenues from offshore oil activities continue to take a hit.Revenue for the four mon…

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Real estate company to axe 60 jobs

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PROPERTY company Cushman & Wakefield, which has an office in Manchester, is set to shed 60 jobs.The company, which merged with DTZ recently, employs 2,100 at sites across the UK.Cushman & Wakefield’s…

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SHARES in Australia-based consumer legal group Slater & Gordon have tumbled more than 50% after Chancellor George Osborne announced proposals to change the legal rights of people injured in car accide…

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Four new Enterprise Zones confirmed

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FOUR new Enterprise Zones have been announced for the region.Confirming an announcement made by Chancellor George Osborne in the Autumn Statement, the Department for Communuties and Local Government s…

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Betfred to close loss-making call centre + MORE

Another blow for buy-to-let investors

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THE Chancellor today announced that those purchasing properties for buy-to-let or as holiday homes will have to pay a penalty – stamp duty at a rate that is 3% higher than a residential purchase.It’s…

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CASH-strapped Four Seasons Health Care is closing seven of its privately-owned care homes in Northern Ireland.The Wilmslow, Cheshire-based company says the closures, which will affect 254 patients and…

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SMES and the commercial property sector have welcomed the Chancellor’s announcement that the small business rates relief scheme is to be extended by a year.The scheme exempts certain rate payers…

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GAMING group Betfred is to close a loss-making call centre in Wigan, in a move that will affect more than 100 employees, the majority part-time.The Warrington-based company said it had found jobs else…

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THE sale of one of the North of England’s most iconic waterfront offices for more than £27m has been agreed with owner Downing. The Port of Liverpool Building, a centrepiece of the city’s UNESC…

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30 workers axed at failed construction company + MORE

UP to 30 jobs have been lost at Bury construction company Thomas Barnes & Sons after cashflow problems forced it into insolvency.Lila Thomas and David Acland at Begbies Traynor were appointed joint ad…

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TRIBUTES have been paid to Dr Kevin Wilson, a respected and popular member of the North West corporate finance community, who passed away last week aged 64.Colleagues described Dr Wilson as the “grand…

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SINGING sensation Rihanna is to perform at Lancashire Cricket Club’s Emirates Old Trafford ground in the summer.The diva who has sold 54 million albums and 210 million digital tracks world wide has a…

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Cammell Laird wins £200m contract to build research ship + MORE

BIRKENHEAD shipyard Cammell Laird has won a £200m contract to build NERC’s polar research ship. The deal has been sealed for a major marine and engineering services company to start work on a ve…

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LAW firm Darbys is to be acquired by growth-hungry professional services group Knights, whose investors include former Dragons’ Den investor James Caan.Darbys, which has nearly 50 people in its North…

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Mitie revenue up to £1.12bn

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FACILITIES management company Mitie, which employs more than 13,000 across the North of England including Manchester, has announced strong revenue growth at 2.6% to £1.12bn in the six months to Septem…

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European Wealth buys Xcap Nominees

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EUROPEAN Wealth Group Limited, the AIM-listed integrated wealth management group, has acquired Xcap Nominees. The acquisition brings a further £30m of assets to European Wealth’s Manchester offi…

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Kids Planet on growth trail

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A FAMILY-owned and managed nursery operator has announced further expansion in the region as it bids to grow revenues from £13m to beyond £20m.Lymm-based Kids Planet Day Nurseries has acquired a busin…

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Energy deal creates 'powerful' force + MORE

THE development phase of NuGen’s Moorside Project – the UK ‘s largest nuclear power station in Cumbria – will be masterminded in Manchester.This follows a deal between Salford-based technical recrui…

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YOUNG professionals honoured their rising stars at the annual Manchester Young Talent Awards 2015. For the sixth consecutive year, the MYTAs, as they are known, recognise the achievements of individua…

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Hiring Hub wins innovation grant

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ONLINE recruitment innovator Hiring Hub has been awarded a government grant to help it develop a new cloud-based recruitment system for small and medium-sized businesses.The Manchester company has has…

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Energy deal creates 'powerful' force

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STOCKPORT-based energy management company WEMS Group has made a strategic acquisition, creating what it describes a a “powerful force” in the market.The company has bought Aimteq Energy Management, a …

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THE councils which comprise the Liverpool City Region Combined Authority have given their approval to the devolution agreement announced earlier this week. Council meetings took place in Halton, Knows…

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August backs secondary buyout at Wax Digital + MORE

ROBERT Hough, the leading North West businessman, returned to the classroom as part of a campaign to highlight the work of and raise support for education charity Teach First.Hough, chair of the Liver…

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ONLINE procurement company Wax Digital has changed hands in a secondary buyout deal.Nova Capital, which has been invested in the Hyde-based business since 2007, has exited and has been replaced by Lon…

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EVERTON Football Club is celebrating record revenue in the 2014/15 financial year with turnover up to £126.6m (2013/14: £120.5m), but profits are down to £16m, compared to £23.7m the previous year.Inc…

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THE sports team at law firm Mills & Reeve has defended its title in  the Professional Services to Football category at the annual North West Football Awards.The awards, which took place at The Point, …

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THE £20m Tomorrow project – a workspace for digital and creative businesses – will be launched at MediaCityUK in Salford in June 2016.Totalling more than 100,000sq ft it will feature new office/studio…

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Inspired Energy plugs in £9m deal + MORE

Axe to fall on nearly 300 Serco jobs

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OUTSOURCING firm Serco has announced nearly 300 job cuts at its customer service centre in Bolton.The move has been forced by the reduction of child maintenance cases Serco manages on behalf of the De…

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Inspired Energy plugs in £9m deal

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LANCASHIRE energy procurement company Inspired Energy is buying a southern-based rival in a £9m deal.In what it is AIM-listed-firm’s biggest deal since it became a public company two years ago, Inspi…

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Second consecutive month of deflation

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THE UK economy remains mired in stagflation after prices nudged down 0.1%.October’s figure matched September, making it the first time the annualised Consumer Price Index (CPI) has fallen in consecut…

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TRADE and cultural links between the North West and China could be set for another major step forward – with the launch of a second direct mainland route, this time to Shanghai.With Hainan launching i…

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THE government has confirmed a devolution agreement has been agreed with Liverpool City Region, paving the way for more local decision-making and also spending.Voters will now choose a directly electe…

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New owner found at last for London Road Fire Station + MORE

MANCHESTER’S iconic London Road Fire Station is set to be sold to the developer behind the city’s Spinningfields business district.Allied London has exchanged contracts to buy the stunning but delap…

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CHESHIRE-based Buchan Concrete Solutions has been bought out of administration by its own management in a pre-pack deal, saving 340 jobs.The Middlewich company founded as a tunnelling specialist in th…

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A THINK tank says  the Government needs to change its approach to devolution for counties like Lancashire, Cumbria and Cheshire.IPPR, one of the key though-leaders on the devoltion of powers from Whit…

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Macc flooring firm Gradus sold to ICG

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MACCLESFIELD-based floor coverings specialist Gradus has been sold to ICG, parent company of Gerflor, Midfloor SAS.ICG claims to a global leader in the manufacture of vinyl flooring.The deal announced…

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