Creditors of MG Rover will receive about 5p for every pound they are owed. A total of #68.3 million has been raised by the administrators PricewaterhouseCoopers - who have paid themselves almost #10 million - towards the estimated #1.2 billion debts. But creditors of MG Rover's engine making division Powertrain stand to receive more - almost 19p in the pound - when the payment is made, probably early next year. That is because the sale of Powertrain raised #37.4 million but the section had far lower debts at about #200 million.
A well-known and respected environmental campaigner has been seriously injured by a hit and run driver. Chris Crean, campaigner for West Midlands Friends of the Earth, was hit by a car while riding on his bike at about 10.40pm on Friday in Moseley, Birmingham. The 46-year-old was cycling along the Alcester Road when he was struck by a silver Ford at the junction with Louise Lorne Road. The driver of the car then drove off. Mr Crean was knocked unconscious by the impact and suffered head injuries, along with a broken shoulder and a chipped hip.
A former Birmingham Conservative MP who was known as one of the most colourful and outspoken politicians of the 1980s has died aged 73. Sir Anthony Beaumont Dark, who was also a former stockbroker in the city, represented Selly Oak between 1979 and 1992 and became one of best known figures of the Thatcher era. The Birmingham-born politician, who was also a distinguished councillor in his home city, had held public office from when he was 23 until he was defeated by Dr Lynne Jones at the 1992 General Election.
An FBI-style agency aimed at combating organised crime in the UK has been launched in Birmingham by Home Office Minister Paul Goggins. As part of its national debut, Mr Goggins visited Sparkbrook to introduce the Serious Organised Crime Agency (Soca) to the Midlands. He said Soca had been developed to tackle drug trafficking, organised immigration crime, money laundering and identity fraud in the country. It will work in partnership with the National Crime Squad, the National Intelligence Squad, part of HM Revenue and Customs and the UK Immigration Service.