Linder Myers in pre-pack deal + MORE

MANCHESTER’S iconic shopping hub King Street will come alive with a mix of fashion, beauty, music history and VIP experience today (Saturday) and for the rest of the May Bank Holiday.The King St…

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Bidders poised to swoop for MBNA

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POTENTIAL buyers are reported to be lining up bids for MBNA, one of Britain’s largest credit card issuers.According to Sky News, owners the Bank of America has activated plans for an auction of …

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Linder Myers in pre-pack deal

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MANCHESTER law firm Linder Myers has been sold in a pre-pack administration deal to a newly created legal services firm called Metamorph Law.The deal, which has just completed late this afternoon for …

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THE unveiling of the plans for a £185m mixed-use development near Victoria train station in Manchester won out as the best read story this week.You all wanted to see what urban regeneration specialist…

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FOOTBALL has become such a gargantuan billion-pound industry that it is hard to imagine the first Premier League sponsorship deal was for just £3m-a-season in order to sell a few more pints of Carli…

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Prime office block between city and airport bought for £9.5m + MORE

PET products specialist Pets at Home, based in Cheshire, has seen revenue grow by 6.7% to £777.8m in the year to March 31 (FY 2015: £729.1m).Pre-exceptional EBITDA of £124.7m, excluding £0.8m of M&A r…

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REVENUE for discount retailer B&M has topped £2bn – up 23.6% on last year’s figure of £1.6bn.The Liverpool-based company’s preliminary results for the year ended March 26 saw adjuste…

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CUMBRIA-based infrastructure group Stobart, has sold a 47-acre site at Speke in Liverpool for £37m to the Ford Motor Company.Stobart had intended to hold on to all 53-acres of the site as investment p…

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PLANS have been submitted for a £185m mixed-use development near the recently redeveloped Victoria station in Manchester.  Urban regeneration specialist Muse Developments in partnership with Network R…

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A GRADE A office building halfway between Manchester city centre and the airport has been acquired by a real estate firm and an investment company for £9.5m.Titanium Real Estate and Chenavari Investme…

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Drug discovery firm's leukaemia treatment breakthrough + MORE

TECHNICAL tape specialist Scapa Group has bought a  wound care products business for up to £29m as it sees continued growth in the healthcare sector, although overall profits have slipped.The  acquisi…

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Law firm contemplates US merger

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A US tie-up is on the cards at Addleshaw Goddard which has offices in Manchester, Leeds and London.Addleshaw Goddard is reportedly in merger talks with Hunton & Williams. The firm, headquartered in Vi…

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DRUG discovery and development company Redx Pharma has unveiled a major breakthrough in treatment for leukaemia and other blood cancers.The listed company, based at Alderley Park in Cheshire, says it …

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LOSSES have grown for Lancashire construction consultancy Driver Group with its six-month interim dividend payout ditched.Although revenue for the listed Haslingden company grew 32% to £27.9m (2015: £…

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DEBT-ridden care homes group Four Seasons which houses 20,000 elderly people across 450 establishments says its trading performance for the first quarter of 2016 was ahead of expectations.EBITDA for t…

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Morrisons strikes key deal with Timpson + MORE

INVESTMENT bank Altium has advised AIM-listed waste management business  Augean on its £13.95m acquisition of Colt Holdings and its wholly owned subsidiary Colt Industrial Services.The latest deal rep…

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BOOKER Group, the owner of the Salford-based Makro business, has enjoyed an 9% increase to record pre-tax profits of £127.8m.The company which also owns Budgens and Londis stores said sales in the yea…

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SHADOW Home Secretary Andy Burnham has signalled his intent to stand for Mayor of Greater Manchester, claiming that Labour runs the risk of being marginalized if it does not take devolution seriously….

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SUPERMARKET group Morrisons has signed a nationwide deal with cobbler and key-cutting chain Timpson as part of its store revamp scheme.Under the agreement, Manchester-based Timpson will take over the …

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THE North West Fund has invested over £150m in more than  440 of the region’s businesses since it was launched in 2010.Over the last six years, the fund has created and safeguarded 4,500 jobs and has…

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JMW smashes £20m milestone + MORE

THE emissions scandal that caused an overnight slowdown in the global sales of Volkswagen cars hit the performance of dealership group Johnsons Cars, which has six dealerships across Merseyside.In Sep…

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MORE than100 new jobs are being created at Runcorn Shopping Centre, thanks to the arrival of a new flagship store, The Range. Recruitment for a variety of staff, from general manager and warehouse ope…

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Football club scraps new stadium plan

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EVERTON Football Club have scrapped their plan for a new stadium at Walton Hall Park.The scheme would have sat alongside a major housing and retail development.But the Goodison club and Liverpool City…

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CHESS ICT, a division of  Cheshire-based Chess Telecom, has bought Pinnacle CDT for £2.8m.Pinnacle CDT provides data, telecommunication and certain IT support services to a large customer base from of…

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JMW smashes £20m milestone

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FEE income and profits have both seen double digit growth as Manchester-based law firm JMW Solicitors shows strength in breadth.Income at the firm is up by 16% to £22.5m (2015: £19.4m) and the firm ha…

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Your top 10 reads this week: law firm job cuts, jail time for inside traders and more… + MORE

THE doors of the iconic London Road Fire Station building in central Manchester were open to the public for the first time in nearly 30 years to showcase new owner Allied London’s plans to turn …

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BRAMMER, the supplier to industry of key parts and tools, says tough trading conditions in the UK and Nordic markets, are being offset by growth in continental Europe as it targets £30m of cost reduct…

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MANCHESTER-based crane hire firm Hewden has purchased the rental arm of Firefly – a cleantech company which designs and manufactures hybrid generators.The  acquisition, for an undisclosed amount,  mea…

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JOB cuts at one of the world’s largest law firms, an insider trading scandal and a transformational deal for investment bank Altium we your top reads of the last week.Global law firm DLA Piper i…

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A LANCASHIRE insolvency practitioner has been reprimanded and fined £2,500 plus costs.Richard Hilton Savage failed to issue a notice of breach until 12 months after being made aware a significant cred…

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Stobart back in the black + MORE

WEC Group, one of the UK’s largest engineering and fabrication companies, has today completed a deal which sees the Coventry-based HTA Group join its growing family of businesses. The multi-mill…

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Stobart back in the black

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TRANSPORT logistics and infrastructure giant Stobart Group has swung back into profit, thanks in part to the sale of its Carslile distribution centre.The groups made a pre-tax profit of £10m for the y…

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A STRONG start to the year in office take-up in Liverpool is being reported with 90,000sq ft of lettings for the first quarter of 2016.According to a Bilfinger GVA report, Manchester experienced a slo…

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PRIVATE equity firm Endless  is understood to be the seventh bidder for Tata Steel’s UK operations.Earlier this week, Tata revealed that seven bidders are in the running to buy its UK operations, all…

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PLANNING permission has been granted for 684 residential apartments at Embankment West, part of the Greengate regeneration scheme in Salford.It features a mix of studios, one, two and three-bedroom ap…

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Key industrial sites sold for £20m + MORE

DLA Piper to cut 200 jobs

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LAW firm DLA Piper has announced it will be making cuts to business services roles across its UK operations. Around 200 jobs are to be cut as part of the restructuring project, making up 18% of its to…

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FAILED retailer BHS could have saved more than £15m per year had the business rates revaluation gone ahead as planned in 2015, according to Colliers International, the global commercial real estate ag…

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A HISTORIC landmark in Wallasey on the Wirral will be saved and converted to modern apartments after a last-minute rescue package was agreed by the local council and developers. Andrew Gibson House, a…

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Key industrial sites sold for £20m

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A £20m portfolio of industrial estates on Merseyside has changed hands.Network Space has completed the sale of Compass Industrial Park, Liverpool and Lea Green Business Park, St Helens in an off-marke…

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COMMERCIAL property expert Lambert Smith Hampton has been appointed agent for the retail zone of Portergate Developments’ £18m regeneration of Friargate in Preston.It is about to begin marketing…

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£400K investment for EV backed fertility firm + MORE

RENTALCARS.COM which claims to be the largest online car rental service has splashed out £2.5m on the refurbishment of its international customer service centre in Manchester.The company has recreated…

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MERCIA Technologies, the listed funder which acquired Enterprise Ventures in March, has agreed its first investment sourced from the portfolio of investments managed by Enterprise Ventures.It has inve…

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LANCASHIRE-based consumer professional services provider Fairpoint Group has reported performance in line with management expectations for the first three months of 2016.The listed company, based at A…

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CREWE-based Conviviality, owner of Bargain Booze and Wine Rack, has appointed Jennifer Laing to its board as a non-executive director.The AIM-listed company has also welcomed Mark Aylwin to the board …

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DRUG development company Redx Pharma has announced the appointment of David Lawrence as a non-executive director as it prepares to move its headquarters from Liverpool to Alderley Park in Cheshire.Law…

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Football club braced for job losses + MORE

A SPORTS surface company in Lancashire has been placed into administration with 47 staff of its 52 headcount made redundant.Blackburn-based Thornton Sports Group manufacturers, fits and maintains spor…

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New FD for sports nutrition firm

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EAST Lancashire-based sports nutrition company Science in Sport has appointed Elizabeth Lake as finance director.She takes up the post with effect from July 18. Lake, 48, brings extensive financial an…

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Football club braced for job losses

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BOLTON Wanderers Football Club has opened consultation with staff over possible job losses.The Macron Stadium club, which has been relegated to the Sky Bet League One – the third tier of English…

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A COMPANY has been fined £2.6m after an employee was killed when the trench he was working in collapsed on him in Lancashire.James Sim, 32, from Barry,  was a sub-contractor working on behalf of Balfo…

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REGENERATION specialist Argent Related, which has played a major role in the redevelopment of high-profile sites in Manchester in recent years, is to close its office in the city.Reports say up to six…

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