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East Midlands
Thursday 26 November 2020

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Motorpoint’s profits rise despite revenue fall

Pre-tax profits increased at Derby-headquartered car retailer Motorpoint during the first half of its financial year despite revenue falling by almost £150m.
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Insider Feature
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Business Matters: Real estate and construction - how do we build growth from here?

Ray Abercromby, tax partner at the Birmingham office of Smith & Williamson, offers some practical actions to consider to drive business growth in challenging times.
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Deals

PE firm backs covert operation software company’s MBO

Private equity firm NorthEdge has backed the primary management buyout of a specialist investigation and covert operation software business.
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Netherlands investment firm buys Pendragon stake

An investment firm in The Netherlands has taken a stake in Nottingham-headquartered listed car retail giant Pendragon.
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Kingsway Asset Finance accredited for CBILS lending

Kingsway Asset Finance has been accredited as a new lender for the Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank.
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Law firm supports £1m seed round into medical app

The Nottingham office of Shakespeare Martineau has supported a £1m seed round into an app for frontline hospital staff to resolve facilities and equipment issues.
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Business Matters: Extraordinary times provide a catalyst for change

The Covid-19 pandemic was unforeseen, unexpected and unwanted, but has been the catalyst for businesses, people and economies to adapt to survive, which says much about the resolve of the region’s business community, according to Graham Spalding, partner in the Corporate and Commercial practice of regional law firm Lodders.
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Business

Former England manager joins Derby’s board

Former England manager Steve McClaren has re-joined Derby County to act as an adviser to the board with immediate effect.
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Gallagher names new Midlands boss

Insurance, risk management and consulting firm Gallagher has announced a new regional managing director for the Midlands.
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Mixed response to Chancellor's Spending Review

Business leaders have reacted to Chancellor Rishi Sunak's Spending Review.
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New name for major shopping centre

A new name has been revealed for Nottingham’s biggest shopping centre.
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Business events sector welcomes post-lockdown return

The business events industry has welcomed the news that the sector will be allowed to reopen following the end of lockdown under the government's revised tier system.
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Digital strength and Asian growth lift Mulberry despite Covid impact

Revenue fell by 29 per cent in the first-half of Mulberry's financial year, but the luxury brand hailed the growth it had achieved in Asian markets and a robust digital performance despite challenging international conditions. The results come after Derbyshire-headquartered Frasers Group revealed it is considering making a bid for the business.
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Revenue slumps almost £800m at pubco giant

Revenue slumped by almost £800m at pubco giant Mitchells & Butlers, whose brands include Miller & Carter, All Bar One and Toby Carvery. The company also reported a pre-tax loss during its latest financial year because of the Covid-19 pandemic.
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IoD appoints new ambassadors

The Institute of Directors (IoD) has appointed a trio of ambassadors to its Derbyshire and Nottinghamshire team.
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Property

Revenue nears £200m for housebuilder’s third quarter

Revenue increased to almost £200m during the third quarter of a national housebuilder's financial year, new figures have revealed.
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Plans to knock down bus station approved

Plans to knock down Leicester's St Margaret's Bus Station have been approved.
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Driverless vehicle testing centre set for March completion

A driverless vehicle testing centre, which will be used by cars going up to 155mph, is set to be completed in March 2021, the company behind the project has confirmed.
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Northants student plans voted through

Accommodation for more than 350 students is set to be constructed in Northampton after the plans were approved for a second time.
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New homes set for old uni campus

Plans for up to 170 new homes to be constructed on a former university campus in Northampton have been backed.
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Trade tools retailer opens new Notts base

A trade tools retailer has opened a new store in Nottingham, creating ten jobs.
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Manufacturing

Turnover and profits jump at newly acquired toliet roll maker

Turnover and pre-tax profits surged at a Leicester toilet roll maker, which has just been acquired by an industry giant, during its latest financial year.
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Rolls-Royce signs Hinckley Point C deal

Engineering giant Rolls-Royce has signed a contract with Hinkley Point C.
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Car manufacturing slumps almost 20 per cent in October

Car manufacturing in the UK slumped by almost 20 per cent in October, according to new figures.
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Other News

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

Member Exclusive News

Tigers sign up associate partner

Leicester Tigers have signed up Cardiff-based Dragon Signs as an associate partner for the 2020/21 season. 
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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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