Today's East Midlands business news from Insider |
Latest News | Revenue dipped below the £100m mark at lifestyle brand Joules during the first half of its financial year because of the Covid-19 pandemic, new figures have confirmed. The listed retailer, which is headquartered in Leicestershire, has also announced the departure of its chief financial officer.
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Haydon Simmonds and Jahid Ali, banking and finance and corporate partners at Howes Percival, consider some of the issues facing businesses looking to fund growth in a post-Covid world.
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A BGF-backed motorsport and automotive components maker in Norfolk, whose clients include Aston Martin, Ferrari and Porsche, has acquired a Lincolnshire business.
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A provider of market intelligence, data and events to the global plastics industry has been with a £3m refinance and working capital facility by ThinCats.
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British Business Investments, a commercial subsidiary of the British Business Bank, has made a £10m commitment to venture capital fund Syndicate Room.
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Listed estate agency business Hunters Property has reached an a agreement on a £24.2m acquisition by counterpart The Property Franchise Group (TPFG).
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Roy Farmer and David Bradshaw from Dains LLP say the Chancellor, Rishi Sunak, will face the impossible task of balancing the books, whilst trying to keep the taxpayer happy, when contemplating the fiscal plan to be outlined during the Spring budget.
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Trading at Lincolnshire-headquartered lettings giant Belvoir "exceeded its pre-Covid-19 expectations" with revenue rising and pre-tax profits "comfortably ahead" of management's forecasts. As a result, board has decided to reimburse staff for the salary sacrifice made during the first lockdown and to fully repay the £260,000 of government Covid-19 support it received.
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Nottinghamshire-headquartered contractor nmcn has announced the appointment of a new chief executive.
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A civil and structural engineering firm, which has offices across the East Midlands, has appointed a new director to its board.
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Mitie Group has reported a strong third quarter performance although the new national lockdown measures currently in place are likely to result in flat growth in the final quarter of the outsourcing giant's financial year. Mitie completed the acquisition of Interserve Facilities Management during Q3 and said the business had made an encouraging start.
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The parent company of Nottingham-headquartered historic pharmacy giant Boots has named the former Starbucks chief executive as its new boss.
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A car retail brand which is part of the Nottingham-headquartered listed giant Pendragon has announced the redevelopment of its BMW showroom in Derby.
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Proposals to construct ten commercial and industrial buildings at a Leicestershire site have been backed.
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A major Derby shopping centre has been rebranded after a firm backed by the Kuwait Investment Office took full ownership of the site in September.
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A solar farm stretching across more than 130 acres is to be constructed in Leicestershire after the plans were voted through.
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Turnover jumped at a Nottinghamshire-headquartered services provider to the early-stage drug development industry in the year before the Covid-19 pandemic hit, new documents have revealed.
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JCB has revealed plans to recruit more than 400 additional UK shop floor employees as the company gears up for a surge in production.
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The production of cars in the UK reversed by almost a third in 2020, according to new figures. The Society of Motor Manufacturers and Traders said it was the worst year for manufacturers since 1984 because of the Covid-19 pandemic and Brexit concerns.
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Member Exclusive News | Leicester Tigers have signed a new commercial agreement with a cyber security specialist.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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| | The region's top hotels and accommodation.
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