Profits on the up for flooring supplier + MORE

SIX Mercure-branded hotels – including three in the North West – have been put up for sale.Specialist business property adviser Christie & Co is inviting offers for the properties “f…

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INTERNATIONAL floor coverings distributor James Halstead has delivered a 7.7% increase in pre-tax profits at £23m.In its half-year interim report for the period ended December 31, the AIM-listed compa…

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MANCHESTER-based live biotheraputics specialist 4D Pharma has made a pre-tax loss of £10.1m after completing a year of acquisition and Stock Market placings which have raised £64.8m.The company is at …

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THRIVING card payments provider Handepay is on course to recruit more than 70 new staff in 2016.The Haydock, Merseyside-based merchant services specialist  – which provides card payment processing…

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PRESTON-based financial services group Chesnara says it has completed a year of “solid delivery” revenue and profits up.In its finals results for the year ended today, March 31 the company…

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Property News: St Modwen; Seddon; Great Places Housing Group & more + MORE

Worst place to buy house since 2000?

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RESEARCH by a leading estate agent has revealed the Bolton is the worst place to have bought a property in England and Wales since the turn of the century.The survey by fixed-fee company eMoov.co.uk h…

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THOUSANDS of steel jobs are at risk after Tata Steel decided to cut its losses and exit its UK business.Tata Steel Europe employs about 15,000 people with 16 of its 28 sites in the UK. Although its la…

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DEALS have been struck for the occupation by three companies of space at Europa Trade Park: Gemini in Warrington.BR Industrial Trust, a joint venture between BlackRock and Canmoor has secured agreemen…

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Boss quits loss-making brewery

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THE boss of loss-making Lancashire brewery Moorhouse’s has resigned.David Grant has left after 14 years at the helm during which time he oversaw a £4.2m into its Burnley facility.Although the co…

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REGENERATION specialist St Modwen has agreed a deal with Knowsley Council on the development Kirkby town centre on Merseyside.This follows St Modwen’s £35.8m acquisition of the property in Novem…

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Traffic alert: Severe delays on M6 + MORE

SPANISH airline Vueling has launched its first flight of its new summer service between Liverpool John Lennon Airport and Barcelona.Celebrations took place both inside and outside the Airport terminal…

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City centre hotel sold for £17.3m

– thebusinessdesk.com

THE Holiday Inn Express on Oxford Road in Manchester city centre has been acquired by property investment firm Heeton Holdings for £17.3m.  The deal between Singapore-based Heeton and the seller Manch…

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Traffic alert: Severe delays on M6

– thebusinessdesk.com

MOTORISTS are being warned of severe delays on the southbound M6 in Cheshire following an accident involving an HGV which lost part of its load in a roadworks enclosure.Traffic is queuing between junc…

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A NATIONAL student property company has acquired Ladybarn House in Manchester for £10.25m.Empiric Student Property, the owner and operator of premium student accommodation across the UK has bought the…

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LANCASHIRE wholesaler Trilanco has made it into the London Stock Exchange’s 1,000 Companies to Inspire Britain report for the second year on the bounce.The report identifies and celebrates the U…

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Drug researcher raises £10m in share placing + MORE

Final go-ahead for HS2

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MPs have given their final consent for work to begin of the HS2 high speed rail link between Manchester, Birmingham and London,The project, estimated at £56bn, will now get under way next year –…

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A MULTI-vehicle collision on the M6 in Staffordshire has caused the closure of one lane of southbound motorway between junctions 16 (Crewe) and 15 (Stoke).The accident happened as motorists pushed for…

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Apartment blocks sold for £17m

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TWO buildings in the heart of Fallowfield, Greater Manchester have been sold to real estate investor Mansford LLP for a total of £17m.Acting on behalf of Greystar, Cushman & Wakefield disposed of Mayf…

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DRUG discovery and development company Redx Pharma has raised £10m in a placing of new ordinary shares with both new institutional investors and existing shareholders.The placing of 28,571,429 new ord…

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MONEYSUPERMARKET Group is to open a new office in Manchester in April, to accommodate the company’s expanding product engineering team. The group, which has an annual turnover of £282m and is an…

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Spectrum gives green light to mill deal + MORE

JD Sports in double Dutch deal

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SPORTS retailer JD Sports Fashion is to buy the assets and trade of two Dutch sports businesses for £21m.The Bury-based retailer has set up a new Dutch subsidiary, Sports Unlimited Retail BV, to make …

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BARROW-in-Furness-based marine engineering specialist James Fisher has landed a £193m contract by the Indian Navy for the long-term provision of its submarine escape and rescue capability.It involves …

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RECRUITMENT, training and development specialist Spectrum is the latest tenant to sign up for Lowry Mill in Swinton, Greater Manchester.Acting on behalf of Vanguard Holdings, Manchester office agency …

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THE head of corporate finance house Epiphany Capital has hailed the strength of the North West’s technology and life sciences sectors as it enjoys its busiest ever start to a year.Manchester-bas…

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REAL estate services company Cushman & Wakefield has been hired to make the Cheshire Science Corridor – one of 18 new enterprise zones nationally – into a reality.The enterprise pone will …

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Restaurants have highest risk of failure + MORE

DJI Holdings, the Cheshire company which promotes and distributes Chinese sports and welfare lottery products, has announced a major expansion of its key partnership in Shandong with the launch of mob…

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WATER company United Utilities has warned underlying operating profits will be lower this year, citing the costs incurred by “unprecedented” flooding incidents in December and price controls.The Warri…

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Wanderers clear £2.2m tax debt

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BOLTON Wanderers Football Club has cleared its £2.2m debt to Revenue and Customs.The Championship’s basement club – bought former striker Dean Holdsworth’s Sports Shield consortium a…

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RESTAURANTS have the highest risk of failure of any sector in the North West, according to new figures.The figures from insolvency trade body R3 show that 38% of restaurant companies in the region are…

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RAIL users in Merseyside are to benefit from a £340m upgrade to services.Network Rail and Merseytravel say they are to invest in new stations and new rolling stock and increase the frequency of servic…

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Boss of loss-making brewery on indefinite leave + MORE

THE managing director of the Lancashire brewery Moorhouses David Grant has been placed on indefinite leave, TheBusinessDesk can reveal.It is understood Grant who had overseen a £4.5m investment into t…

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THE M60 anti-clockwise in Greater Manchester has long delays between J18 (Simister/M66) and J13 (Swinton).This is due to an on-going incident between J15 and J13 which is being attended by all emergen…

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Industrial park sold for £13.75m

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GLOBE Industrial Park in Dukinfield, Greater Manchester has been sold for £13.75m.Collingwood Rigby and CBRE’s Manchester Capital Markets team, acting on behalf of CBRE Gloval Investors sold the…

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THE pizza company Domino’s has submitted a planning application for a 117,000sq ft warehouse at Omega South in Warrington.Domino’s Pizza Development has tabled a reserved matters applicati…

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A NEW route to Tenerife has been launched from Manchester Airport by Vueling Airlines.The Spanish low cost airline will operate one flight a week to the Canary Island during July and August and two fl…

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Norwegian opens low-cost routes to Spain from Manchester + MORE

MERSEYSIDE manufacturer Surface Transforms has undertaken a conditional equity fundraising of up to £5m as it pursues a raft of original equipment manufacturer (OEM) production contract opportunities….

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THE £150m Cains Brewery Village development in Liverpool – expected to create more than 500 jobs – is attracting global investors.Owners and brothers Ajmail and Sudarghara Dusanj have enga…

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LOW-COST airline Norwegian is launching flights from Manchester to three popular Spanish destinations in time for summer.Two weekly flights will take off from Manchester to Barcelona from the end of A…

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PLANS for a new “zone for enterprise” called Central Village unifying Manchester’s St John’s neighbourhood with the nearly-complete XYZ building in Spinningfields have been rev…

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Blitz to fix pothole backlog

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A £3m blitz to tackle a backlog of 14,000 potholes across Liverpool is set to take place between now and the summer. A report to the council’s cabinet says the condition of the road network has …

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£30m boost for growth hub + MORE

THE M61 has closed southbound between J5 and J4 nr Bolton.It has been closed to allow Greater Manchester Police and ambulance services to work at the  incident.The northbound carriageway is also block…

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HALEWOOD International, the Liverpool alcoholic drinks manufacturer and distributor, has acquired a 50% stake in The Pogues Irish Whiskey. The deal was struck with Irish band The Pogues, whose members…

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Boom in city office refurbishments

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SOME 625,000sq ft of office space in Manchester is set to be refurbished over the next two years as the market responds to continuing levels of healthy take up.This is according to real estate adviser…

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£30m boost for growth hub

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A CASH boost of £30m has been delivered to Greater Manchester’s Business Growth Hub to expand its services and offer new programmes to stimulate the area’s economy.Since it was established…

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KALIBRATE Technologies, the Manchester-based provider of software services to petrol retailers, has received a $5m revolving credit facility with US bank PNC.The funding will be used for the issue of …

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'Technical' payment wipes out professional services firm's profit + MORE

THE co-founder and former chief executive of price comparison website Moneysupermarket.com has sold his remaining stake in the business, netting him £124m.Simon Nixon, who built up and floated the Dee…

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AGRICULTURAL bioscience firm Plant Impact has announced a new wheat-focussed research collaboration alongside Rothamsted Research, The University of Nottingham and Lancaster University.The Preston-bas…

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LANCASHIRE-based consumer professional services specialist Fairpoint Group’s profits have been wiped out by a £9m “technical” injection into its IVA segment.The Chorley company, which offers leg…

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PLANS to build more than 160 new homes in Salford have been given the green light.Salford Council’s planning team have rubber stamped proposals by housing association Salix Homes to build 161 ne…

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ADVANCED Medical Solutions, the Cheshire-based international manufacturer and supplier of woundcare products, has enjoyed a 9% increase in revenue to £68.6m and adjusted pre tax profits of £17.4m &nda…

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