Watch: Insider's Business Briefing - 17th October - video Dailymotion

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Jennifer and Stephen discuss the Midlands top 500 companies, a new chief executive at Manchester City Council and a Greggs champagne bar.

Transcript

00:00The Midlands Top 500 Companies, a new Chief Executive at Manchester City Council and a

00:04Gregg's Champagne Bar feature in today's Business Briefing.

00:13So we've recently revealed our annual ranking of the top 500 companies in the Midlands.

00:17That's something we put together using a, by measuring companies based on a combination

00:22of their turnover and their profitability. So first of all we take the top 1,000 companies

00:26in the region, we rank them by turnover and then we rank them again by profit and that

00:31gives us the final figure for the top 500 companies.

00:35Now there's a new name at the top of the list for this year, we've got Jaguar Land Rover,

00:40the automotive giant, they've taken top spot now. Next who were in top spot last year,

00:46they're back down to second. Along with the company's names we've also got some various

00:52statistics about the list and this year we can tell you that the profit, pre-tax profit

00:57total for the 500 companies on the list has grown by 26% to £12.97 billion. Now throughout

01:04the next few days we'll be taking a look at some of the other names in the list in both

01:08our East and West Midlands newsletters and if you want to read the full top 500 you can

01:13find that in the November edition of the Midlands Business Insider which is available now.

01:19Now Jenna I believe you've got some big news from where we are in Manchester?

01:22I do indeed, so a new Chief Executive Designate has been appointed at Manchester City Council.

01:28After a rigorous recruitment process Tom Stannard will now assume the role and he will actually

01:33be the third Chief Executive to take the reins in more than a quarter of a century. So he

01:39has more than 27 years of experience within local government including senior posts in

01:44Oldham, Wakefield, Blackburn with Darwin and London Boroughs. Tom's most recent role actually

01:50was in our neighbour Salford, so Salford City Council where he has been for the past

01:56four years. So Tom is expected to assume the role in the new year and Eamon Boylan will

02:03remain in the post as the Interim Chief Executive until then.

02:09Well in our Southeasterners newsletter today we've got news of a significant property

02:13deal with the announcement that a Grade 2 listed office building in Windsor has changed

02:17hands. So the RO Group has completed the sale of Admiral House to a private buyer for

02:25an undisclosed sum. The property itself has an interesting history, it's a former Edwardian

02:30police station which has been transformed by the RO Group into a multi-tenanted office

02:34space. All the building is currently fully occupied, so that's just under 9,000 square

02:41foot space over three floors and there's a range of tenants in there at the moment.

02:45The RO Group has completed a four-week refurbishment under their ownership and that's included

02:50improvements to the infrastructure and to its ESG credentials, so a really great deal for them.

02:55Great, well some more exciting news. In the North East this time, our beloved Greggs has

03:04teamed up with the department store Fenwick in Newcastle to launch its very first Champagne

03:09Bar. Are you a fan of Champagne?

03:11I am, I'm a fan of Champagne and a fan of Greggs, so a great venue for me.

03:15The bar will have a variety of drinks available, ranging from a £10 glass of Prosecco to a £75

03:21glass of Crystal Champagne. The menu will also feature signature cocktails and sweet treats

03:27and the menu is inspired by a 1920s Paris. The bar is opening in Fenwick from 24 October and

03:34it will run until New Year's Eve. To hear more about the stories that we spoke about today,

03:42you can find them all on insidermedia.com,

03:44where you can also sign up to our newsletters and hear about our events.

Watch: Insider's Business Briefing - 17th October

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