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East Midlands
Friday 30 October 2020

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Losses widen as PE-backed firm cuts jobs

Pre-tax losses have widened at a private equity-backed IT services business which has cut jobs because of the Covid-19 pandemic, new documents have revealed. However, the Nottingham company's chief operating officer has said he is pleased with the results "considering the challenges that retail and hospitality have endured for some time".
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Insider Feature
Feature 1

Business Matters: Set your businesses on the road to recovery following Covid-19

Dr Nihar Amoncar, Director of MBA programs and senior lecturer in strategic management at the University of Derby, offers small and medium sized enterprises (SMEs) advice and guidance on how to move forwards on the road to recovery.
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Deals

Sports betting company invests in NAHL

A sports betting company has invested in NAHL Group, the Kettering-based company behind the National Accident Helpline (NAHL) brand.
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Fundraising target passed by sustainable pallets business

A Wellingborough business which makes sustainable pallets has smashed through its Crowdcube fundraising target.
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Historic firm buys shares in Eurocell

A British multinational asset management company which was founded in 1804 has taken a stake in Derbyshire-headquartered Eurocell, the manufacturer of PVC window, roof and door products.
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London investment company takes stake in Clinigen

A London-based investment firm has taken a stake in global pharmaceutical and services company Clinigen, which is headquartered in Burton-upon-Trent.
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MBO at healthcare staffing firm

A healthcare staffing business has been acquired in a management buyout (MBO) backed by ABN Amro, providing an exit for private equity firm Key Capital Partners.
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Business

‘Challenging period’ for Shakespeare Martineau

Revenue and operating profit at law firm Shakespeare Martineau dipped during its latest financial year following a challenging period.
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Turnover and profits rise at engineering contractor

Turnover and pre-tax profits increased at a Nottinghamshire-based civil and electrical engineering company during its latest financial year, according to new documents.
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Pizza Express to cut a further 1,300 jobs

A further 1,300 jobs are to be cut by Pizza Express, on top of the 1,100 redundancies it announced in August.
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Revenue rises as losses widen at cancer detection company

Revenue jumped at a Nottingham-based cancer detection company during its latest financial year while pre-tax losses widened, new figures have revealed.
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Property

Job-creating mixed-use scheme set for go-ahead

A total of 300 jobs could be created after plans for a major mixed-use development in Leicestershire were recommended for approval.
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Vote set for more than 330 homes bid

More than 330 homes would be built in a Nottinghamshire town if the go-ahead is granted next week.
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University campus plans voted through

Up to 170 new homes are to be constructed on a former university campus after the go-ahead was granted.
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Approval expected for more than 100 houses

More than 100 homes could be constructed in Nottinghamshire if the plans are given the green light next week.
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Plans for 45 new homes tipped for green light

An application to build 45 new homes in Nottinghamshire has been recommended for approval.
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Approval for new apartments scheme

More than 20 apartments are to be constructed in Northampton after the go-ahead was granted.
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Manufacturing

UK commercial vehicle production rises in September

UK commercial vehicle production increased in September, according to the latest figures published by the Society of Motor Manufacturers and Traders.
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Other News

NEW Midlands Top 500 Companies Database - Preorder today and get the Early Bird Offer

Member Exclusive News

Forest extend deal and make international appointment

Nottingham Forest have announced an extension to the partnership that will see Healthspan continue as the club’s official vitamin and supplement supplier. The Championship side have also made a new appointment to boost their international presence.
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Services & Guides

Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

Best Places to Stay

The region's top hotels and accommodation.
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