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East Midlands
Thursday 6 August 2020

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Joules falls to pre-tax loss as revenue dips

Listed lifestyle brand Joules, which is headquartered in Leicestershire, made a pre-tax loss of more than £25m during its latest financial year while its revenue dipped below the £200m mark, new figures have shown.
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Insider Feature
Feature 1

Business Matters: How to get investment in turbulent times?

Ray Harris, MEIF principal at Foresight Group LLP, offers a helpful guide for management teams of SMEs looking for equity investment post pandemic.
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Deals

Jobs safeguarded as pandemic funding revealed

Funding which helped safeguard 45 jobs at a Nottingham children’s day nursery at the height of the Covid-19 pandemic has been revealed.
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Hastings offer values group at £1.66bn

A global consortium has agreed the terms of a recommended cash offer for Hastings, which values the general insurance provider at £1.66bn.
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Covid-19 lending schemes support 1.2 million businesses

Just under 1.2 million businesses in the UK have been supported by finance from lenders through government-backed Covid-19 lending schemes, according to new figures from HM Treasury.
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Insider Feature
Feature 2

Roundtable: Car-Free Birmingham

A plan to dramatically cut the number of cars in Birmingham city centre will have a major impact on property and infrastructure development.
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Business

Pre-tax profits jump as logistics giant braced for Covid-19 hit

Pre-tax profits jumped at the UK arm of an international logistics giant, which works with the likes of watch maker Seiko, Mitsubishi and AstraZeneca, during its latest financial year. The company also revealed it is braced for a fall in revenue because of the Covid-19 pandemic.
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Turnover jumps almost £50m at DAF truck giant

Turnover jumped almost £50m at the Leicester-based parent company of one of the largest DAF Trucks dealership groups in the UK, new accounts have revealed.
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“Recovery will be U-shaped” – KPMG chief economist

The economic recovery will be "in train from 2021", according to KPMG's chief economist in the UK Yael Selfin. Providing her outlook for the coming months, Selfin joined Insider's Future of Funding Online Forum on Tuesday 4 August.
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Historic contractor confident over full-year objectives

One of Nottingham’s oldest family construction and civil engineering companies has said it remains confident that it will achieve its objectives during its current financial year despite the Covid-19 pandemic.
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New car sales rise for the first time in 2020

The registrations of new cars in the UK rose for the first time this year in July, according to new figures.
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Up to 1,500 jobs at risk in WHSmith restructure

Up to 1,500 jobs could be cut by WHSmith as a result of the Covid-19 pandemic, the retailer has announced.
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Property

Major job-creating mixed-use plans revealed

More than 100 jobs could be created after plans for a hotel, bowling alley, a conference and banqueting centre, a hostel and apartments were revealed for a Leicester site.
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Planning system reforms outlined

Reforms designed to overhaul the planning system and revamp the way the country builds have been outlined by the housing secretary.
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Job-creating DHL warehouse approved

Plans for a major warehouse at Segro's East Midlands Gateway, which would be occupied by DHL, have been voted through.
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Work starts on major DIRFT project

Work has started on a major infrastructure project at Daventry International Rail Freight Terminal (DIRFT) in Northamptonshire.
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Plans in for almost 70 homes

Plans have been submitted to build almost 70 new homes in a Leicestershire town.
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Proposals for more than 300 homes voted down

Plans to construct more than 300 homes on a site in Nottinghamshire have been refused despite being recommended for approval by council officers.
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Apartments set for old care home site

The site of a former care home in Nottingham is to be transformed into almost 50 apartments after the go-ahead was granted.
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Innes England wins major business park contract

Commercial property consultancy Innes England has won the contract to manage a Nottingham business park.
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Hammerson raises cash to overcome Covid-19

Shopping centre giant Hammerson has proposed a right issue in a move that could raise more than £550m. It has also sold its 50 per cent interests at a property investment firm.
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Manufacturing

Pandemic pushes losses to £50m at brick maker

Brick making giant Ibstock made a pre-tax loss of more than £50m while its revenue was slashed during the first half of its financial year because of the Covid-19 pandemic.
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Stone business slips to a loss after “difficult year”

A Northamptonshire company behind a business which designs and manufactures architectural and ornamental stone slipped to a pre-tax loss during its latest financial year.
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Turnover falls as losses widen at seat making giant

Turnover fell and pre-tax losses widened during the latest financial year of a company that was founded in the aftermath of World War II and is now part of a manufacturing giant that makes one in three automotive car seats in the world.
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Other News

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

Member Exclusive News

Forest extend back of shirt deal

Nottingham Forest have announced that UK Meds will continue as back of shirt and trainingwear partners ahead of the 2020-21 season.
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