£5.4bn loss at Rolls-Royce

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East Midlands Thursday 27 August 2020 Send a Story Subscribe Membership Advertise Contact Latest News Top Story £5.4bn loss at Rolls-Royce Rolls-Royce has reported a £5.4bn pre-tax loss for the first half of its financial year, with Covid-19 having an "unprecedented" impact on its civil aerospace division. Read More… Insider Feature Business Matters: Help us put the Midlands at the forefront of the energy from waste industry As the world's population rises, the demand for energy is also growing significantly. At the same time, the issue of managing the waste caused by the population increase urgently needs to be addressed. Professor Martin Freer, director of the Energy Research Accelerator, explores the issues and the possible solutions. Read More… Deals DFS agrees Sofa Workshop sale Listed furniture retailer DFS has agreed a deal to sell subsidiary Sofa Workshop to a counterpart. Read More… The Hut Group confirms flotation plans The Hut Group has confirmed it is considering proceeding with a flotation in a move that, according to chief executive Matthew Moulding, reflects the achievements of the past and the company's belief in the "significant potential" for the future. Read More… Business Aggregate supplier completes £3.5m investment An independent family-owned aggregate supplier has completed a £3.5m investment in new machinery at its Brassington Moor Quarry. Read More… Cybersecurity firm wins US Government contract A Lutterworth-based cybersecurity software company has won a multimillion-pound contract with the US Department of State. Read More… Property Green light recommended for Stathern housing scheme The green light has been recommended for a new housing development on former agricultural land in Stathern. Read More… Morgan Sindall secures £4.8m car park brief Morgan Sindall Construction has been selected to complete a £4.8m programme of repairs and improvements to Swansgate multi-storey car park in Wellingborough. Read More… More than 150 new homes coming to Clay Cross Mixed-tenure developer Countryside has exchanged contracts on land for its Clay Cross development, set to provide more than 150 new homes. Read More… New Look unveils CVA proposal New Look has outlined a proposal to move the majority of its UK stores’ rent to a turnover basis as part of a company voluntary arrangement (CVA). The fashion retailer, which employs more than 11,000 workers in the UK, said the move was needed to reflect the market environment. Read More… Manufacturing Thornton & Ross’ parent records half-year turnover rise Turnover has grown by 16 per cent in the half-year results for the parent company of pharmaceutical manufacturer Thornton & Ross which numbers Covonia, Savlon and Zoflora among its portolio. Read More… Member Exclusive News New non-executive director for Shoe Zone Leicester-headquartered retailer Shoe Zone has appointed a new non-executive director. Read More… Upcoming Events 27 Aug Insider Online Forum: Growth After Lockdown 2 Sep Insider Online Forum: Future of Housebuilding in the East Midlands 1 Oct Insider Made in the Midlands Awards 2020 8 Oct Insider East Midlands Dealmakers Awards 2020 4 Nov Insider Midlands Dealmakers Awards 2020 Services & Guides Corporate Finance Directory Find an adviser to help you buy, sell or invest in a business. Read More… Best Places to Meet The region's top places to hold events, conferences and meetings. Read More… Best Places to Stay The region's top hotels and accommodation. Read More… Send a Story Subscribe Membership Advertise Contact

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