Alex Turner

Hebden Bridge

Managing Director at TheBusinessDesk.com

Joint MD of https://t.co/H96ptgsoPk.

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Articles

Gateley 'carrying good momentum' after year of steady growth

4 days ago | thebusinessdesk.com | Alex Turner

Home / West Midlands / Markets / Gateley ‘carrying good momentum’ after year of steady growth Gateley is “carrying good momentum” after a year of steady growth in a challenging market. The Birmingham-headquartered professional services group said its adjusted pre-tax profits will be “broadly in line” with market forecasts of £23.8m. However the AIM-listed business said its revenues for the year to April will be “not less than £179.0m” against a market consensus of £183.5m. Gateley chief...
Shopping centre owner NewRiver hails 'transformative year'

4 days ago | thebusinessdesk.com | Alex Turner

Home / Yorkshire / Markets / Shopping centre owner hails ‘transformative year’ NewRiver has hailed “a successful and transformative year” for the retail property investor and is confident of maintaining momentum. It acquired Capital & Regional in December in a £151m deal which increased its property portfolio by 65%. NewRiver now owns 48 shopping centres – including Highcross in Leicester and The Precinct in Coventry – and 30 retail parks, including Kirkstall Retail Park in Leeds, Speke...
Motorcycle manufacturer CCM collapses into administration

4 days ago | thebusinessdesk.com | Alex Turner

Home / North West / Manufacturing / Specialist motorcycle manufacturer CCM collapses into administration CCM Motorcycles has collapsed into administration, running out of road after more than 50 years manufacturing specialist motorcycles. The Bolton-based marque was founded by Alan Clews, originally as Clews Competition Machines, in 1971 and was based at its factory at Jubilee Works. CCM received a significant investment from Pitalia Capital, the investment business funded by entrepreneur...
Technology specialist acquired in £13.5m deal

1 week ago | thebusinessdesk.com | Alex Turner

Home / South West / Deals / Technology specialist acquired in £13.5m deal A Plymouth company which provides specialist technology to the public sector has been bought for £13.5m. Goss Technology Group has been purchased by acquisitive group AdvancedAdvT, which already owns software businesses in the business solutions, healthcare compliance, and human capital management sectors. AdvancedAdvT chair Vin Murria said: “This acquisition aligns strongly with our strategy to invest in quality...
Birmingham City Council sets out 'bold ambition' but recovery plan focuses on 'getting the basics right'

1 week ago | thebusinessdesk.com | Alex Turner

Birmingham City Council is expected next week to approve the strategies that will reform the organisation and set out a recovery plan after a bruising few years for the authority. While the ongoing bin strikes continue to impact the city’s current reputation, the longer-term issues from the council’s effective bankruptcy have caused much more significant and long-lasting damage. In October 2023, the Government stepped in and appointed Commissioners to oversee the running of the authority.
The Works expects to continue with forecast-beating profit growth

2 weeks ago | thebusinessdesk.com | Alex Turner

Home / West Midlands / Markets / The Works expects to continue with forecast-beating profit growth High street chain The Works is expecting profits to continue to outpace market expectations this year as it benefits from the impact of its new strategy and continued positive momentum since Christmas. The Birmingham-based retailer has revealed it expects profits to have risen by more than 50% in the year to May 4. Adjusted EBITDA of £9.5m is £1m higher than market forecasts and £3.5m higher...
Topps Tiles' makes good progress and expects 'meaningful improvement' in profits

2 weeks ago | thebusinessdesk.com | Alex Turner

Home / East Midlands / Markets / Topps Tiles’ makes good progress and expects ‘meaningful improvement’ in profits Topps Tiles expects its full-year profits “to show a meaningful improvement” as it continues to improve sales and margins. The Leicester-based retailer is pleased with the momentum it is generating from the “good progress” it is making in its five key growth areas. It has been focused on the trade digital experience, rolling out products into new coverings categories, B2B sales,...
Publisher expects Future to be one of short-term decline

3 weeks ago | thebusinessdesk.com | Alex Turner

Home / South West / Markets / Publisher expects Future to be one of short-term decline Publishing group Future has blamed “ongoing macroeconomic uncertainty” as it revealed it expects revenues to fall in the months ahead. The Bath-based owner of magazine brands including Country Life and Marie Claire, as well as insurance comparison website Gocompare.com, is now forecasting “a low single-digit decline” for the current financial year. Profits will also be hit, as it expects to keep its...
DSW to out-perform its already-raised expectations

3 weeks ago | thebusinessdesk.com | Alex Turner

Home / The UK / Latest News / DSW to out-perform its already-raised expectations DSW Capital will deliver full-year figures ahead of market expectations despite already having raised its guidance a few months ago. The mid-market professional services group had already revealed it had benefitted from a pre-Budget rush to complete M&A deals last autumn. It has now told the stock market that revenues and profits for the year to March will be better than those increased forecasts. DSW Capital...
B&M goes international for new chief executive

3 weeks ago | thebusinessdesk.com | Alex Turner

Home / North West / Markets / B&M goes international for new chief executive B&M has chosen international retail leader Tjeerd Jegen as the person to improve its fortunes after the unplanned departure of its former chief executive. Alex Russo left in February after the Liverpool-headquartered company issued a profit warning. The news capped a dreadful year for the retailer’s share price, which had more than halved over the previous 12 months. Jegen, who will join the FTSE 250 discount...