Midlands administrations fall by 45 per cent in 2010

The total number of Midlands companies falling into administration in 2010 declined by 45 per cent from 577 in 2009 to 316, according to research by business advisory firm Deloitte.

During the last quarter of 2010, 71 administrations were recorded in the region, compared to 68 during the previous quarter. However, this compares favourably to the 109 administrations in Q4 2009.

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Colliers International instructed on Brindleyplace

Picture caption (L-R): Craig Satchwell, Igor Mathias (Hines UK), Charlie Toogood (GVA) and Jeremy Marchant (Moorfield Group).

Real estate advisory firm Colliers International has been instructed as joint agents on Brindleyplace, in Birmingham.

Hines Global REIT and Moorfield, the UK real estate private equity investor and fund manager, have appointed the firm’s office agency team, along with GVA.

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Confidence rebounds as CFOs plan for growth in 2011

Chief finance officers (CFOs) at major UK companies entered 2011 in a more buoyant mood with a new focus on growth, according to the findings of the latest Deloitte CFO Survey.

CFO confidence rebounded in the fourth quarter of 2010, regaining much of the ground lost in the second and third quarters. Fears of a double dip have abated from the levels seen earlier in the year.

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