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Union now fears all 12,500 jobs to go at Wilko and all 400 shops to shut
Insolvency and Administration
GMB union said they had been told today that branches would start going in October
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Bid by HMV owner to save up to 200 Wilko stores collapses
Insolvency and Administration
So far more than 1,300 Wilko redundancies have been announced
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East Midlands bosses seeing drop in new business, according to NatWest survey
Economy
'Although firms were more optimistic in the year-ahead outlook, the degree of confidence remained historically soft'
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Output growth grinds to a halt amid dwindling - report
NatWest
New data from NatWest has highlighted both favourable and adverse developments across the West Midlands business world last month
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Hundreds of jobs to go at Wilko – with more to follow
Insolvency and Administration
PwC said 'it is now clear that no viable offer structure put forward includes the group in its entirety'
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Reports suggest deal to save Wilko jobs has collapsed
Retail & High Street
Administrators at PwC still understood to be in negotiations with other interested parties, though
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Frasers Group takes bigger stake in Boohoo
Fashion
AJ Bell analyst says Frasers has a reputation for 'picking at the bones of businesses when they are down'
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Union fears Wilko redundancies could restart today
Insolvency and Administration
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer
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Derby Silk Yard developers secure £11.9m of support
Construction
Silk Yard development, on John Street and Castleward Boulevard, is 35% reserved prior to completion
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Union says redundancies on hold at Wilko as search for buyer continues
Insolvency and Administration
GMB says any redundancies at Wilko have been suspended while administrators considers 'multiple bids'
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Cambridge and Counties secures £20m to support SMEs
Finance
In just 11 years Cambridge & Counties Bank has passed the £1bn deposits mark and £1bn lending mark
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Aon to move Birmingham team to new home
West Midlands
Professional services firm and management consultancy is relocating to the city's Colmore Building in September
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RBC Brewin Dolphin relocates Birmingham team to new office
West Midlands
Wealth management firm is one of the first occupiers to take space in newly refurbished business district office block
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'Netflix for pensions' delivered by Grimsby's niche financial communications team
Finance
Pension Geeks delivers workplace platform to roll-out and help all looking forward to retirement
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Softening demand growth curbs output charge inflation in West Midlands - report
West Midlands
Latest NatWest PMI report showed that, despite quickening since June, the rate of input cost inflation was well below most of those seen over the past two-and-a-half years
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East Mids business landscape levels but number of people in work is down, says NatWest industry survey
NatWest
Monthly PMI survey of business leaders suggests things locally are slightly worse than the º£½ÇÊÓƵ as a whole
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Mark Jackson, CEO of failed Wilko chain, thanks staff for their hard work but concedes ‘time has run out’
Insolvency and Administration
Open letter from the boss thanks 12,500 staff for their support as well as customers and suppliers
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Why Wilko administration could be only way to secure jobs of 12,500 workers – but only if right buyer steps forward
Insolvency and Administration
Strategic failures led to Wilko’s demise – and industry experts say it won't be the last casualty in 2023
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Birmingham collectibles firm ceases trading
West Midlands
Company which sold gifts from TV shows such as Peaky Blinders and Mr Bean has been hit by pandemic and cost-of-living crisis
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12,500 jobs at risk as Wilko goes into administration
Retail & High Street
CEO 'We’ve all fought hard to keep this incredible business intact but must concede that time has run out'
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The latest equity deal investment news in Welsh business
Deals
Funders and recipients include Waterspring Ventures, Operati, the Future Fund, the Development Bank of Wales, Reel Label Solutions, Imagitech and Vantestec.
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Foresight Group makes £30m addition to North East fund thanks to pension funding backing
Finance
The backing of Tyne & Wear Pension Fund now takes the firm's regional pot to £90m
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Build-to-rent arm of Lloyds buys 49 Nottingham homes
Housing
Citra Living expands its portfolio with family homes for rent in Gedling
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Ukraine war hits Black Country marine industry supplier
West Midlands
Administrators are now hoping to sell Metalast as a going concern after Dudley outfit hit by ongoing conflict
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