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East Midlands
Monday 1 June 2020

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Top Story

Dart Group completes £98m sale of logistics business

Dart Group, the listed company behind Jet2 and Jet2holidays, has completed the sale of its logistics and distribution business headquartered in Lincolnshire to Culina Group for £98m.
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Insider Feature
Feature 1

Business Matters: Where next for dealmaking

Andy Gregory, head of investments at BGF, takes a look at what the future holds for dealmaking.
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Deals

Restaurant hotels secure six-figure bank backing

A group of Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the Covid-19 pandemic.
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University reduces stake in cancer detection company

The University of Nottingham has significantly cut its holding in a cancer detection company.
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New investor secured by merging counterparts

Wealth management firm Tilney and financial and professional services group Smith & Williamson have agreed a revised transaction structure for their proposed merger, and secured a new investor.
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Digital bank raises £40m in funding round

Digital bank Starling has raised £40m in a funding round and said the additional finance would drive forward its growth and help it provide support to small business customers who have been hit by the coronavirus.
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Food safety firm sold after CMA intervention

A supplier of hygiene and cleaning products for the foodservice and hospitality industries has been sold after CMA intervention.
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DSW Angels outlines £10m investment plans

DSW Angels is lining up £10m of new investment over the next 12 months as it looks to support the UK's post-pandemic recovery.
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Business

Profits on the rise at Mattioli Woods

Profits are expected to be about 20 per cent ahead of expectations at Leicester-headquartered wealth management firm Mattioli Woods. Its revenue is also expected to rise.
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Electrical wholesaler warns of Covid-19 impact after successful year

A Chesterfield-headquartered electrical wholesaler has reported a successful year in its latest accounts. However, the company has warned the Covid-19 pandemic will lead to losses during 2020 and possibly into 2021.
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Re-opening date set for Leicester’s Highcross

Leicester shopping centre Highcross will officially re-open on 15 June, in line with the latest guidance from the government.
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Next steps confirmed for furlough initiative

Plans for the next phase of the ongoing furlough initiative have been confirmed, as have proposals to extend the Self-Employment Income Support Scheme.
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Senior hire for Longhurst Group

Longhurst Group has appointed a new executive director of growth and development.
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Property

Topps Tiles sells HQ and warehouse for £18.1m

Topps Tiles has agreed the sale and leaseback of its head office and central warehouse buildings in Leicester for £18.1m.
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Multimillion-pound Guildhall hotel plans submitted

Multimillion-pound plans have been submitted to transform Nottingham's historic Guildhall into a four-star hotel which would create more than 250 jobs.
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Pendragon agrees £10.5m Porsche dealership move

Nottingham-headquartered car retail giant Pendragon has entered into a sale and leaseback agreement over a Porsche dealership in Stockport in a deal worth £10.5m.
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Green light for city’s latest student scheme

A new development in Leicester which would provide accommodation for almost 100 students has been approved.
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Vote on old hospital and workhouse plans delayed

A vote on whether to allow a former hospital in Melton Mowbray, which was first used as a workhouse, to be transformed into a new residential development has been delayed.
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Manufacturing

Rolls-Royce seals major Royal Navy contract

Rolls-Royce has sealed a major contract to provide propulsion systems to the Royal Navy.
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Weetabix supporting farmers during pandemic

Weetabix is working closely with its local farmers to keep production going during the Covid-19 pandemic.
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UK produces only 15 commercial vehicles in April

Only 15 commercial vehicles were produced in the UK in April, new figures have revealed.
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Other News

Midlands Top 500 Companies DatabaseList - contact the region’s top decision makers

Member Exclusive News

New marketing manager for rebranded developer

A new marketing manager has been hired by Derbyshire-headquartered Clowes Developments.
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