People & Jobs - Job Gains / Losses |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 100 | | 21 May 2012 | £80m Expansion - 100 New Jobs - Company growth | FISH farm operator Marine Harvest hopes to create 100 new jobs in an £80 million expansion of its Scottish operation between 2012 and 2016. The company already runs 38 farms in Scotland, supporting about 460 jobs. Chairman is Ole Eirik Leroy | | £127m | £33m | 392 | 21 |
| | 18 May 2012 | £3m bank financing secured - international expansion plans - potential new jobs | S&P Casuals, a Nottinghamshire-based designer, importer and distributor of clothing has secured £3m funding from Santander. The company plans to expand internationally, targeting growth of 20% year-on-year. It operates a warehouse in Nottinghamshire and has offices in New York, China, Bangladesh and Pakistan. Jobs are expected as a result of the expansion strategy. | | | | | 2 |
| | 21 May 2012 | £35m management buy-out - private equity investment - potential new jobs | London-based Leisure Pass Group has been sold to its management team in a £35m buyout, supported by private equity firm Primary Capital. The company will now expand its customer offering in existing and new markets. The ongoing growth strategy has the potential to create jobs. 2010 turnover was £27.6m. | | £28m | £5m | 9 | 2 |
| 4 | | 21 May 2012 | £300,000 factory expansion - new jobs - exceptional business growth | Craftsman Tools has invested £300,000 to expand its factory in Otley, West Yorkshire, following increased demand for its products. Four jobs have been created and more are expected. The firm, which employs 60 people, increased 2011 sales by 39% to £4.8m and similar growth is expected in 2012. It hopes to increase turnover to £6m. | | £4m | £-0.1m | 47 | 1 |
| 200 | | 23 May 2012 | £25m expansion - Future Growth - 200 New Jobs | DRUGS company Quantum Pharmaceutical plans further growth after a £25m expansion which has seen it take on 200 staff and double its revenues to £55m. The company has also completed the acquisitions of three companies. Managing director is Andrew Scaife | | £35m | £11m | 221 | 2 |
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People & Jobs - Management Moves |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 21 May 2012 | £35m management buy-out - private equity investment - potential new jobs | London-based Leisure Pass Group has been sold to its management team in a £35m buyout, supported by private equity firm Primary Capital. The company will now expand its customer offering in existing and new markets. The ongoing growth strategy has the potential to create jobs. 2010 turnover was £27.6m. | | £28m | £5m | 9 | 2 |
| 1 | 18 May 2012 | £1.2bn trading loss - Chief investment office manager retiring | JP Morgans has made a £1.2bn trading loss for the year to December 2011. Chief investment office boss Ina Drew has taken early retirement. she has offered to resign on several occasions after the office made huge losses. Jamie Dimon is the chief executive. | | £920m | £400m | | 3 |
| | 22 May 2012 | Yahoo! appoints CMO | Yahoo! has appointed Mollie Spilman as its chief marketing officer as it looks to steady the ship following the departure of several key executives in recent months. | | | | | |
| 1 | | 18 May 2012 | UK expansion strategy - sales manager appointed - business expansion and diversification | US-based motor manufacturer, Regal Beloit, is expanding in the UK where it is launching its Marathon brand. The company plans to increase European sales from 33% to 50% of the total by 2015. The corporation is seeking acquisitions and may expand into frequency inverters. Lucie Hodkova has been appointed national sales manager for the UK. | | | | | 1 |
| 2 | | 21 May 2012 | Sales team restructured - head of strategic partners appointed | Neptune has continued to strengthen its sales team with the appointment of Andy Larkin as head of strategic partners. The firm has reviewed its UK retail sales team and appointed Adam Hughes as head of UK wholesale. The restructuring is expected to provide a better service for clients across the UK. 2010 turnover £80.9m, 92 employees. | | £81m | | 92 | 1 |
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People & Jobs - Outsourcing |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 22 May 2012 | Reviewing hospital laundry - 40 jobs at risk - outsourcing proposal | Airedale NHS Foundation Trust is reviewing the future of the laundry service at Airedale Hospital in West Yorkshire. Options being considered include investing in new equipment and out-sourcing some of the work. Both options could lead to job losses from a team of 40. Christine Miles is director of operations at the Trust. | | | | | 1 |
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Headquarters & Premises - Office Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 2 | | 18 May 2012 | £1m revenue from Olympics - £121m debt facility secured - expansion in London | Student accommodation provider Unite Group expects Olympic contracts to add up to £1.75m to its revenue. A total of 3,600 of its rooms will be used in relation to the Olympic and Paralympic Games. Unite is acquiring two planned schemes in Stratford and Camden and has secured a £121m debt facility with Legal & General. 2010 turnover £193.4m, 913 employees. | | £193m | £30m | 913 | 7 |
| | 18 May 2012 | £1.5m office refurbishment - Work starting August 2012 | Landlord Kames Capital is to embark on a £1.5m refurbishment of an office block in Manchester city centre. The work will begin in August and be completed by December 2012. Project management practice Powell Williams will manage the project. John Benham is an assistant fund manager at Kames. | | £1,012m | £-0.5m | | 1 |
| 1 | | 21 May 2012 | Proposed new nursing home and care home - includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space. | | £23m | | 879 | 1 |
| 1 | | 18 May 2012 | Opens Derby headquarters - business expansion - potential new jobs | Food Search Worldwide, which sources products on behalf of high street retailers and restaurant chains, has opened new headquarters in Derby. It has taken a five-year lease on two warehouse units, totalling 15,070 sq ft, following exceptional business growth. Six staff have relocated to the new site and four more will be recruited. | | | | | 2 |
| 1 | | 22 May 2012 | Opening London office - major expansion strategy - potential new jobs | Following a period of business growth recruitment outsourcing specialist Omni RMS is opening an office in London on 1 June 2012. It has expanded its client base and extended its successful training division overseas. The firms ongoing expansion has the potential to create employment opportunities. | | | | | 2 |
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Headquarters & Premises - Industrial Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 4 | | 21 May 2012 | £300,000 factory expansion - new jobs - exceptional business growth | Craftsman Tools has invested £300,000 to expand its factory in Otley, West Yorkshire, following increased demand for its products. Four jobs have been created and more are expected. The firm, which employs 60 people, increased 2011 sales by 39% to £4.8m and similar growth is expected in 2012. It hopes to increase turnover to £6m. | | £4m | £-0.1m | 47 | 1 |
| 1 | | 23 May 2012 | £1m Electricity North West contract - £200,000 renewable energy investment - potential new jobs | Sustainability Inc has secured a £1m contract to carry out refurbishment and fit-out work at Electricity North West offices in Preston. The firm recently won a contract worth up to £3m annually with Bagel Nash. Sustainability is diversifying into renewable energy with a £200,000 investment. It employs 32 staff. | | | | | 2 |
| 1 | | 22 May 2012 | £10m funding secured - new decommissioning facility - creating 150 jobs | Lerwick Port Authority has secured £10m funding from the Scottish Government to part-fund a decommissioning centre of excellence in Shetland. The development is expected to create 150 jobs. AF Decom Offshore UK will develop the project which will create a deep-water site for the UK offshore sector. | | | | | 1 |
| 1 | | 23 May 2012 | £1.6m contract secured - new jobs at £6m turnover company - workshop expansion | North Yorkshire tanker manufacturer Sayers has secured a £1.6m order for Welsh Water after gaining funding from Yorkshire Bank. The contract is the largest single contract to date for the firm. Ten jobs have been created and manufacturing facilities are being expanded. Sayers has 51 staff and a £6m turnover. | | | | | 1 |
| 1 | | 18 May 2012 | Technology renewal centre opened - potential new jobs | Hewlett-Packard has opened an 8,400 sq ft technology renewal centre in Scotland. It will offer services such as remarketing and recycling of IT equipment to customers across EMEA and is expected to create jobs. It will capitalise on opportunities in the growing market for refurbished technology equipment. | | | £-107.3m | | 1 |
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Headquarters & Premises - Retail Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 4 | 18 May 2012 | To sell 4 branches - competition concerns | Cheshire wholesaler Edmundson Electrical is selling four branches to facilitate its acquisition of the Electric Center. Selling the branches will mean the takeover does not have to be referred to the Competition Commission. Edmundson Electrical recorded turnover of 851m in 2010, and has 3,000 staff. | | £788m | £47m | 3,051 | 1 |
| 1 | | 21 May 2012 | To open London store - potential new jobs - e-commerce development | Designer label Temperley is opening a 2,500 sq ft store and headquarters in Mayfair, London, creating new jobs. The store is part of Temperleys international development strategy and further growth initiatives are planned, including a New York store in 2013 and the re-launch of e-commerce operations in October 2012. | | £12m | £0.1m | 109 | 1 |
| | 21 May 2012 | Proposed New Store - 330 Jobs Created - £25m Investment | Supermarket chain Morrisons plans to redevelop a former B&Q site in Kirkcaldy. The £25million store would also have a petrol station and parking for more than 400 cars. It is expected the project will be completed by the summer of next year and create around 330 jobs. | | £16,479m | £904m | 132,074 | 403 |
| 1 | 22 May 2012 | Plymouth store closing - job losses | Fashion retailer Zara is closing its store at the Drake Circus shopping centre in Plymouth, with the loss of a significant number of jobs. The store will close on 1 June 2012. The lease on the store has been for sale since 2009. 2011 turnover 332.5m, 2,305 employees. | | £332m | £16m | 2,305 | 28 |
| 1 | | 21 May 2012 | Opening new outlet - potential new jobs - business expansion | Dragon Carp Direct is opening a discount fishing tackle outlet store at a garden centre in Stapleford, Nottingham. The retailer is expanding following the success of its first outlet in Spalding, Lincolnshire. New jobs could be created as a result of the expansion. | | | | | 1 |
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Headquarters & Premises - Healthcare Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 21 May 2012 | Site for new hospital identified - 20m capital investment - employment opportunities | Northumbria Healthcare Trust is to build a 20m hospital at the Berwick Academy site, potentially creating new jobs. It will launch a 12-month consultation process followed by a six-month tender process. The hospital could be completed by summer 2015. | | | | | 1 |
| | 22 May 2012 | Reviewing hospital laundry - 40 jobs at risk - outsourcing proposal | Airedale NHS Foundation Trust is reviewing the future of the laundry service at Airedale Hospital in West Yorkshire. Options being considered include investing in new equipment and out-sourcing some of the work. Both options could lead to job losses from a team of 40. Christine Miles is director of operations at the Trust. | | | | | 1 |
| 2 | | 21 May 2012 | Proposed new nursing home and care home - includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space. | | £23m | | 879 | 1 |
| | 21 May 2012 | Proposed new nursing home and care home includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space | | | | | |
| | 21 May 2012 | Manchester office opened - funding secured for hospital developments | Robertson Group is to commence work on two major hospital developments in Cumbria. Funding has been secured for the £11m Cockermouth Community Hospital and £4m Cleator Moor Health Centre. Robertson opened a new office in Manchester in April 2012. 2011 turnover £204.5m, 1,039 employees. | | £205m | £1m | 1,039 | 1 |
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Headquarters & Premises - Educational Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 22 May 2012 | Kier to build Dorset school | Kier Construction is the selected firm for the 9.8m renewal and refurbishment project at St Aldhelms Academy in Poole, Dorset. | | £228m | £3m | 1,349 | 3 |
| 1 | 2 | 22 May 2012 | 70 teaching jobs lost - 2 schools closing - Building Schools for the Future programme | Blackburn with Darwen Borough Council is making 70 teaching staff redundant due to the closure of two Blackburn schools - Beardwood Humanities College and Crosshill School. Pupils will move to the new Blackburn Central High School under the Building Schools for the Future, BSF, scheme. | | | | | 1 |
| 1 | | 23 May 2012 | 5.3m capital investment - opening specialist school - potential new jobs | Bournemouth Borough Council is opening a specialist school to teach a growing number of pupils with Autism Spectrum Disorders. A new school will be built in West Howe, alongside Heathlands Primary School, which will be refurbished, in a 5.3m project. The development has the potential to create jobs. | | | | | 9 |
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Headquarters & Premises - Leisure Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 22 May 2012 | £100m Rossington colliery redevelopment - potential new jobs | UK Coals property division, Harworth Estates, is building 1,200 houses in the third phase of the £100m redevelopment of the former Rossington colliery in Yorkshire. The 49 hectare redevelopment will also include a food store, commercial units, a pub and hotel. New jobs and business opportunities are likely to arise as a result of the investment. | | £351m | £87m | 2,877 | 1 |
| 1 | | 22 May 2012 | £1.1m capital investment - expanding Salford Quays hotel - potential new jobs | Premier Inn is investing £1.1m to expand its hotel at Salford Quays, Manchester, potentially creating new jobs. A four-storey extension will be added to the hotel, providing 28 extra bedrooms. Premier Inn Hotels Ltd recorded £87.4m turnover in 2011 and employed 3,433 staff. | | £87m | £12m | 3,433 | 600 |
| 1 | | 22 May 2012 | Opening Corby pub - 45 potential new jobs | JD Wetherspoon is opening a new pub in Corby, Northamptonshire, following the success of its existing premises in town. Up to 45 jobs are expected to be created. The pub will be developed by Mulberry. JD Wetherspoon recorded £1bn turnover in 2011. | | £1,072m | £97m | 24,067 | 1 |
| 1 | | 18 May 2012 | Open fourth Manchester venue - 50 new jobs - £150,000 refurbishment programme | Baa Bar Group is opening a fourth venue in Manchester, creating 50 new jobs. It is also investing £150,000 to upgrade its other three Manchester sites in 2012. The expansion is part of a UK-wide investment programme. Baa Bar operates nine bars and turned over more than £11m in 2011. It employs 320 staff. | | £10m | £1m | 286 | 1 |
| | 22 May 2012 | Newbury Racecourse redevelopment moves closer | Newbury Racecourse chairman Dominic Burke has revealed that the timetable for redevelopment works at the course is set to be announced in the coming weeks. | | | | | |
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Headquarters & Premises - Hotel Development Projects |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 22 May 2012 | £100m Rossington colliery redevelopment - potential new jobs | UK Coals property division, Harworth Estates, is building 1,200 houses in the third phase of the £100m redevelopment of the former Rossington colliery in Yorkshire. The 49 hectare redevelopment will also include a food store, commercial units, a pub and hotel. New jobs and business opportunities are likely to arise as a result of the investment. | | £351m | £87m | 2,877 | 1 |
| 1 | | 22 May 2012 | £1.1m capital investment - expanding Salford Quays hotel - potential new jobs | Premier Inn is investing £1.1m to expand its hotel at Salford Quays, Manchester, potentially creating new jobs. A four-storey extension will be added to the hotel, providing 28 extra bedrooms. Premier Inn Hotels Ltd recorded £87.4m turnover in 2011 and employed 3,433 staff. | | £87m | £12m | 3,433 | 600 |
| 1 | | 22 May 2012 | Ibis Fulham expansion - potential new jobs | Accor is expanding the Ibis hotel in Fulham, London with an extra 260 rooms, due to high demand in the area. The hotel will have 774 beds following the expansion. A new health club, restaurant and shops will also be built. The investment is expected to create new jobs. | | £203m | £21m | 4,049 | 21 |
| 1 | | 21 May 2012 | Government funding secured - Hampton by Hilton hotel development - potential new jobs | Hilton has secured funding from the government Growing Places fund to redevelop the vacant Joplings department store in Sunderland into a 119-bedroom Hampton by Hilton hotel with new shops. The development is expected to create employment and business opportunities. 2010 turnover 61.1m. | | £61m | £-68.4m | | 1 |
| | 22 May 2012 | Four-star boutique hotel plan for Beverley Arms | AN 18th-century East Riding inn is to be given a £250,000 refurbishment to transform it into a four-star boutique hotel. | | | | | |
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Headquarters & Premises - Call Centres |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | New £430m contract - Outsourcing plans for UK retailer | International service company Serco, based in Hook in Hampshire, has produced a contract which will involve contact centres being outsourced in a £430m deal. The Business Process Oursourcing (BPO) contract has been made to improve efficiency of customer contact services for Shop Direct Group, a UK retail company. Christopher Hyman is Chief Executive of the Serco Group. | | £4,327m | £241m | 58,799 | 2 |
| | 22 May 2012 | Customer service provider integration to social contact centre | A cloud customer service provider, has announced the integration of a Facebook channel into its LiveOps Social application. | | | | | |
| | 22 May 2012 | Call centre firms sales of more than £40m | HERO and Firstsource, leading call centre operators who have acquired UK contact centres, have sales of more than £40m. | | | | | |
| | 22 May 2012 | Call centre firm announces 400% year-on-year growth | NewVoiceMedia, a provider of cloud contact centre and voice solutions, announces a fourfold increase from 2011 to 2012. | | | | | |
| | 21 May 2012 | 80 jobs created - contact centre expansion - business growth | Communications firm Daisy has created 80 new jobs at its call centre in Nelson, Lancashire. The centre is to become an all day operation following a period of business growth. Approximately 700 people are already employed at the Nelson call centre as part of a nationwide team of 1,500. 2011 turnover £266.3m. | | £266m | £-15.8m | 2,213 | 4 |
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New Business Wins & Company Awards - Contracts, Orders |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 22 May 2012 | £60m order - 1016 machines for Brazilian Government | Excavator manufacturer JCB has secured a £60m order with the Brazilian Government for 1,016 machines. The order is for a fleet of backhoe loaders which will be used to improve the road infrastructure in the country. The first 114 have now been delivered. | | £2,002m | £179m | 7,077 | 1 |
| | 23 May 2012 | £1m Electricity North West contract - £200,000 renewable energy investment - potential new jobs | Sustainability Inc has secured a £1m contract to carry out refurbishment and fit-out work at Electricity North West offices in Preston. The firm recently won a contract worth up to £3m annually with Bagel Nash. Sustainability is diversifying into renewable energy with a £200,000 investment. It employs 32 staff. | | | | | 2 |
| | 23 May 2012 | £1.9m contract secured - 280 Employees - Annual Turnover £1.9m | Building and civil engineering contractor John Turner & Sons, has won a £1.9m project at Jodrell Bank Observatory. The company has an annual turnover of £54.2m and employs 280 staff. | | £54m | £0.7m | 282 | 2 |
| | 23 May 2012 | £1.6m contract secured - new jobs at £6m turnover company - workshop expansion | North Yorkshire tanker manufacturer Sayers has secured a £1.6m order for Welsh Water after gaining funding from Yorkshire Bank. The contract is the largest single contract to date for the firm. Ten jobs have been created and manufacturing facilities are being expanded. Sayers has 51 staff and a £6m turnover. | | | | | 1 |
| | 22 May 2012 | Webgains contract secured - mcommerce technology partnership | MymCart has been appointed as Webgains new mobile commerce technology partner. MymCart technology will allow 600 merchants and 70,000 publisher sites on the Webgains affiliate network to construct mobile websites in order to benefit from the rapidly expanding m-commerce market in the UK. | | | | | 7 |
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New Business Wins & Company Awards - Awards |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 22 May 2012 | Expansion of export business - Sales level maintained - Business award | Heavy lifting equipment specialist Mechan has expanded its export business into new markets in Taiwan, New Zealand and Belgium. Sales and profits for the company have been maintained. It has received an award from the Manufacturing Advisory Service for its commitment to continuous improvement principles. Richard Carr is the managing director. | | | | | 1 |
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Mergers & Acquisitions - Mergers, Acquisitions & Flotations |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 18 May 2012 | £6.7bn Coty bid withdrawn - business turnaround strategy | Coty has withdrawn its £6.7bn takeover bid for US-based Avon Products after Avon failed to meet its deadline to respond. Avon has recorded a substantial decline in sales and recently appointed chief executive Sheri McCoy will now make stabilising the business a priority. | | £329m | £4m | 1,774 | 14 |
| | 23 May 2012 | £25m expansion - Future Growth - 200 New Jobs | DRUGS company Quantum Pharmaceutical plans further growth after a £25m expansion which has seen it take on 200 staff and double its revenues to £55m. The company has also completed the acquisitions of three companies. Managing director is Andrew Scaife | | £35m | £11m | 221 | 2 |
| | 22 May 2012 | £15m Bathstore disposal - focusing on core operations | Wolseley, a distributor of products to the building trade, has sold retail chain Bathstore to private equity firm Endless. The £15m disposal is part of Wolseleys strategy to focus on core operations. In 2011 Wolseley incurred a £29m write-down to reflect the reduced value of Bathstore on its books. Wolseley recorded turnover of £13.2bn in 2011. | | £13,203m | £-1.0m | 5 | 198 |
| | 18 May 2012 | £10 private equity investment - acquired by Endless | Private equity firm Endless has invested £10m in the acquisition of Cinesite from Kodak. Digital effects company Cinesites operates in a high-growth where there are significant opportunities. Endless is recapitalising the business in order to give film-makers the confidence to award it new contracts. | | £26m | £3m | 329 | 3 |
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Budgets & Expenditure - IT |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 23 May 2012 | Online retail company £240m Loss - future investment in IT infrastruture - restructuring programmes - Turnover 2.57bn - 16,000 Employees | Merseyside online retail company March UK have recorded Group turnover up from £1.89bn for 2010. Despite this, March UK recorded an operating loss of 240m, up from 76.8m in 2010. The losses are due to the cost of integration and restructuring programmes. The group continues to invest in its future with further significant investment in the IT infrastructure and web platform, supported by advertising campaigns. | | £2,500m | £-240.2m | 18,688 | 16 |
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Budgets & Expenditure - Marketing |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 21 May 2012 | £160,000 investment - new marketing strategy - creating 15 jobs | Environmental health company Healthy Buildings (Ireland) is investing over £160,000 in an expansion which will create 15 jobs. The Belfast-based firm has received £30,000 from Invest NI to create a marketing strategy for Scotland and the north of England. It employs 60 people and hopes to increase sales in Great Britain to £500,000 by 2013. | | | | | 2 |
| | 18 May 2012 | 250 global jobs lost - Costs cut by $86m - Business growth | Arla Foods is to cut 250 jobs globally as part of a programme to cut annual costs by US$86m and reduce complexity within the organisation. It will also reduce its spend on market research and analysis activities. The company has seen significant growth which it expects to continue. Peder Tuburgh is the chief executive. | | £5m | £4m | 7 | 19 |
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Companies Receiving Investment - Venture Capital |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 22 May 2012 | Profits soar at Intermediate Capital | Intermediate Capital, the mezzanine financing company, has hiked its dividend and grown profits despite strong Eurozone headwinds. | | | | | |
| | 22 May 2012 | Jeweller expands with £500k investment | A jeweller is hoping to bring some of the world\'s most luxurious brands to the Isle of Man after securing a £500,000 investment. | | | | | |
| | 21 May 2012 | 20 new jobs - £4.5m investment - cloud-based video production | Aframe Media Group expects to create 20 new jobs at its County Durham office after securing venture capital funding of £4.5m. The company is developing a cloud video production platform. Craig Franks has been appointed as sales and support manager. | | | | | 1 |
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Companies Receiving Investment - Private Equity / Bank Funding |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £3m bank financing secured - international expansion plans - potential new jobs | S&P Casuals, a Nottinghamshire-based designer, importer and distributor of clothing has secured £3m funding from Santander. The company plans to expand internationally, targeting growth of 20% year-on-year. It operates a warehouse in Nottinghamshire and has offices in New York, China, Bangladesh and Pakistan. Jobs are expected as a result of the expansion strategy. | | | | | 2 |
| | 21 May 2012 | £35m management buy-out - private equity investment - potential new jobs | London-based Leisure Pass Group has been sold to its management team in a £35m buyout, supported by private equity firm Primary Capital. The company will now expand its customer offering in existing and new markets. The ongoing growth strategy has the potential to create jobs. 2010 turnover was £27.6m. | | £28m | £5m | 9 | 2 |
| | 18 May 2012 | £1m revenue from Olympics - £121m debt facility secured - expansion in London | Student accommodation provider Unite Group expects Olympic contracts to add up to £1.75m to its revenue. A total of 3,600 of its rooms will be used in relation to the Olympic and Paralympic Games. Unite is acquiring two planned schemes in Stratford and Camden and has secured a £121m debt facility with Legal & General. 2010 turnover £193.4m, 913 employees. | | £193m | £30m | 913 | 7 |
| | 18 May 2012 | £10 private equity investment - acquired by Endless | Private equity firm Endless has invested £10m in the acquisition of Cinesite from Kodak. Digital effects company Cinesites operates in a high-growth where there are significant opportunities. Endless is recapitalising the business in order to give film-makers the confidence to award it new contracts. | | £26m | £3m | 329 | 3 |
| | 23 May 2012 | £1.6m contract secured - new jobs at £6m turnover company - workshop expansion | North Yorkshire tanker manufacturer Sayers has secured a £1.6m order for Welsh Water after gaining funding from Yorkshire Bank. The contract is the largest single contract to date for the firm. Ten jobs have been created and manufacturing facilities are being expanded. Sayers has 51 staff and a £6m turnover. | | | | | 1 |
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Companies Receiving Investment - Private Finance Initiatives / PPI Initiatives |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 21 May 2012 | Manchester office opened - funding secured for hospital developments | Robertson Group is to commence work on two major hospital developments in Cumbria. Funding has been secured for the £11m Cockermouth Community Hospital and £4m Cleator Moor Health Centre. Robertson opened a new office in Manchester in April 2012. 2011 turnover £204.5m, 1,039 employees. | | £205m | £1m | 1,039 | 1 |
| | 22 May 2012 | HICL takes stake in Birmingham hospital project | HICL Infrastructure, which invests in infrastructure projects, has taken a sizeable interest in the Birmingham New Hospitals public finance initiative (PFI) project. | | | | | |
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Performance & Profits - Profits |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 22 May 2012 | Ryanair profits soar to record 405m | Ryanair unveiled record profits today but chief executive Michael OLeary admitted the airline is unlikely to repeat the performance this year. | | | | | |
| | 18 May 2012 | Revenues up 11% to £745m - loss increased to £11.5m - £5.5m acquisition funding | Staffordshire-based Doncasters Group recorded an 11% increase in revenues to £745m in 2011 but its loss increased from £9.3m in 2010 to £11.5m in 2011, after exceptional items of £63.2m for the year. Its owner, Dubai International Capital, is investing £5.5m to fund an acquisition and business growth is expected in 2012. | | £673m | £-9.8m | 4,901 | 1 |
| | 21 May 2012 | Revenue up 18% to 23bn - international expansion strategy | Alliance Boots recorded an 18% increase in revenue to 23bn in the year to March 2012. Trading profit increased 12.4% to 1.2bn. The strong performance was achieved through organic growth and acquisitions. The group expects profitable growth and international expansion to continue despite the difficult economic environment. | | £11,502m | £-176.0m | 53,789 | 1,500 |
| | 18 May 2012 | Revenue rises 2 per cent at publishing company - Profit up 1 per cent | London based publishing company, Totally Plc, has recorded revenues from continuing operations of £1.85m, up 2 per cent from 2010. Gross Profit from continuing operations rose 1 per cent to £1.46m. Dr Michael Sinclair is Non-Executive Chairman of Totally Plc. | | £2m | £0.1m | 23 | 2 |
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Performance & Profits - Business Performance |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 21 May 2012 | £300,000 factory expansion - new jobs - exceptional business growth | Craftsman Tools has invested £300,000 to expand its factory in Otley, West Yorkshire, following increased demand for its products. Four jobs have been created and more are expected. The firm, which employs 60 people, increased 2011 sales by 39% to £4.8m and similar growth is expected in 2012. It hopes to increase turnover to £6m. | | £4m | £-0.1m | 47 | 1 |
| | 23 May 2012 | £25m expansion - Future Growth - 200 New Jobs | DRUGS company Quantum Pharmaceutical plans further growth after a £25m expansion which has seen it take on 200 staff and double its revenues to £55m. The company has also completed the acquisitions of three companies. Managing director is Andrew Scaife | | £35m | £11m | 221 | 2 |
| | 21 May 2012 | £2.5M profit - Annual Turnover £74m - 350 Employees | Clugston Construction, one of the North's leading construction companies with offices in Leeds, Scunthorpe and Hebburn Tyne & Wear, has recorded annual results for 2011/12 which show an increased turnover by 34% from £54m to £74M and a pre-tax profit of £2.5M. Steve Radcliffe is Managing Director | | £53m | £-4.0m | 348 | 3 |
| | 18 May 2012 | £1m revenue from Olympics - £121m debt facility secured - expansion in London | Student accommodation provider Unite Group expects Olympic contracts to add up to £1.75m to its revenue. A total of 3,600 of its rooms will be used in relation to the Olympic and Paralympic Games. Unite is acquiring two planned schemes in Stratford and Camden and has secured a £121m debt facility with Legal & General. 2010 turnover £193.4m, 913 employees. | | £193m | £30m | 913 | 7 |
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Performance & Profits - Products and Services |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 23 May 2012 | £1m Electricity North West contract - £200,000 renewable energy investment - potential new jobs | Sustainability Inc has secured a £1m contract to carry out refurbishment and fit-out work at Electricity North West offices in Preston. The firm recently won a contract worth up to £3m annually with Bagel Nash. Sustainability is diversifying into renewable energy with a £200,000 investment. It employs 32 staff. | | | | | 2 |
| | 18 May 2012 | UK expansion strategy - sales manager appointed - business expansion and diversification | US-based motor manufacturer, Regal Beloit, is expanding in the UK where it is launching its Marathon brand. The company plans to increase European sales from 33% to 50% of the total by 2015. The corporation is seeking acquisitions and may expand into frequency inverters. Lucie Hodkova has been appointed national sales manager for the UK. | | | | | 1 |
| | 18 May 2012 | Product development ongoing - commercial launch planned | Motive Television is making progress in its BCJV LLC joint venture with Granite Broadcasting Corporation, to enable Television Anytime Anywhere over broadcast television to tablet devices. A Technical Feasibility Analysis and Business Plan has been approved. Technical development of the product will begin in June 2012, leading to a commercial launch in Spring 2013. 2010 turnover £1.3m. | | £1m | £-1.0m | 8 | 1 |
| | 21 May 2012 | Private equity investment - expansion into new markets - new jobs | Performance sportswear brand Inoveight has secured investment from Isis Equity Partners to support its continued expansion into new markets and develop new products. The business has an international team of 44 with 17 new jobs created in the 12 months to May 2012. | | | | | 3 |
| | 22 May 2012 | Partnership with MymCart - mcommerce services | London-based Webgains has appointed MymCart as its mobile commerce technology partner. MymCart technology, which allows small companies to build their own branded transactional mobile stores, will be available to Webgains clients. | | £9m | £0.5m | 31 | 2 |
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Hot Topic - Cloud Computing & Virtualisation |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 21 May 2012 | Acquires Firstserv and Serverstream - cloud computing expansion - jobs safeguarded | Six Degrees has acquired managed hosting and cloud providers Firstserv and Serverstream. The London-based companies will add £3m of hosting revenues to Six Degrees managed data division and are part of a strategy to expand cloud hosting services. Seventeen employees will join Six Degrees Group as a result of the acquisitions. | | | | | 1 |
| | 21 May 2012 | 20 new jobs - £4.5m investment - cloud-based video production | Aframe Media Group expects to create 20 new jobs at its County Durham office after securing venture capital funding of £4.5m. The company is developing a cloud video production platform. Craig Franks has been appointed as sales and support manager. | | | | | 1 |
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Hot Topic - Ecommerce |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 22 May 2012 | Webgains contract secured - mcommerce technology partnership | MymCart has been appointed as Webgains new mobile commerce technology partner. MymCart technology will allow 600 merchants and 70,000 publisher sites on the Webgains affiliate network to construct mobile websites in order to benefit from the rapidly expanding m-commerce market in the UK. | | | | | 7 |
| | 22 May 2012 | Waterstones in Kindle deal | Waterstones yesterday announced a pact with online retailer Amazon to gain a toehold in the digital market. | | | | | |
| | 21 May 2012 | To open London store - potential new jobs - e-commerce development | Designer label Temperley is opening a 2,500 sq ft store and headquarters in Mayfair, London, creating new jobs. The store is part of Temperleys international development strategy and further growth initiatives are planned, including a New York store in 2013 and the re-launch of e-commerce operations in October 2012. | | £12m | £0.1m | 109 | 1 |
| | 21 May 2012 | Pinterest to bolster ecommerce offering for brands | .Pinterest is set to revamp its ecommerce offering for brands after investment from Rakuten, one of the worlds largest online marketplaces, a move that comes as the company looks to identify new revenue streams. | | | | | |
| | 23 May 2012 | Online retail company £240m Loss - future investment in IT infrastruture - restructuring programmes - Turnover 2.57bn - 16,000 Employees | Merseyside online retail company March UK have recorded Group turnover up from £1.89bn for 2010. Despite this, March UK recorded an operating loss of 240m, up from 76.8m in 2010. The losses are due to the cost of integration and restructuring programmes. The group continues to invest in its future with further significant investment in the IT infrastructure and web platform, supported by advertising campaigns. | | £2,500m | £-240.2m | 18,688 | 16 |
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Hot Topic - Renewable Energy |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 23 May 2012 | £1m Electricity North West contract - £200,000 renewable energy investment - potential new jobs | Sustainability Inc has secured a £1m contract to carry out refurbishment and fit-out work at Electricity North West offices in Preston. The firm recently won a contract worth up to £3m annually with Bagel Nash. Sustainability is diversifying into renewable energy with a £200,000 investment. It employs 32 staff. | | | | | 2 |
| | 18 May 2012 | Sales increase to £6.4m - 38 jobs created - business expansion | Renewable energy company Eco Environments recorded turnover of £6.4m in 2011/12, a substantial increase from £1.3m in 2010/11. It has created 38 jobs, increasing headcount to 50 over 12 months. The expansion follows strong demand for solar panels from domestic customers and significant commercial contract awards. It is planning further expansion of its commercial business. | | | | | 1 |
| | 21 May 2012 | New wind farm development - Environmental studies to be carried out | Manchester based energy company ASC Renewables are planning to build a wind farm with up to 13 wind turbines on farmland next to a sewage treatment works at Newton Marsh, Tetney, South Humberside. Environmental studies are to be carried out prior to a planning application being made. Mike Denny is Operations Director for ASC. | | | | | 1 |
| | 18 May 2012 | Infinis contract secured - potential new jobs | Nordex has secured a major contract with Infinis, to supply 2.5MW turbines to five windfarms. The 22 turbines will be installed at two windfarms in Scotland and five in England. Construction work will commence in 2012, with the expected creation of new jobs. 2010 turnover £84.1m, 86 employees. | | £84m | £0.8m | 86 | 2 |
| | 23 May 2012 | Contract awarded | Devon renewable energy installer Source Renewable has secured a deal to become the prime installer of medium-scale wind turbines in the South West, on behalf of Ice Renewables. Source will work alongside ICE throughout the process of installing the wind turbines including site survey, design work, ground works, installing the system, project management and completing the grid connection. | | | | | 1 |
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