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East Midlands
Thursday 17 September 2020

Latest News

Top Story

Next’s profits slump as pandemic hits results

Next made a pre-tax profit of just £9m during the first half of its finance year as its sales slumped by more than a quarter because of the Covid-19 pandemic. However, the Leicester-headquartered retail giant said it is optimistic for the future after the company revealed that all of its guidance scenarios see it generating a profit, cash and reducing its debts.
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Insider Feature
Feature 1

Ask the Expert: Fuelling business growth in a post-Covid world

Keith Rose, director, business development (Midlands Region) at Arbuthnot Commercial Asset Based Lending Limited, offers his expertise business growth in a post-Covid world.
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Deals

Rolls-Royce issues statement over funding options

Derby-headquartered Rolls-Royce has issued a statement on funding after "recent media speculation" but added that no final decision had yet been made.
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Investment firm increases stake in utilities supplier

A London investment firm has increased its holdings in Nottingham-headquartered listed utilities supplier Yü Group.
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Greetings cards publisher’s pandemic support revealed

The funding which helped an independently owned greetings card publisher through the height of the Covid-19 pandemic has been revealed.
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Ardonagh’s Bennetts deal ‘raises competition concerns’

The competition watchdog has said Ardonagh Group's acquisition of Bennetts Motorcycling Services raises concerns.
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Business

Pub group forecasts trading fall as pandemic bites

A Northampton-headquartered pub group is expecting its trade to be at 77 per cent of its pre-Covid capacity over the next 12 months.
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Flint Bishop partner promoted

A partner in Flint Bishop's Derby office has been promoted.
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Pandemic fuels air cargo flights take off

East Midlands Airport has reported a significant growth in air cargo driven by people’s increasing reliance on ecommerce during the pandemic and a reduction in passenger flights.
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Co-op cautious ahead of challenging period

Half-year sales at the Co-op have passed the £5.5bn mark but the company has erred on the side of caution with its outlook, saying the coming months and years remain uncertain given the circumstances surrounding the pandemic.
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Property

Revised plans for thousands of homes and jobs submitted

Plans which would see 3,200 new homes constructed in Lincoln have moved a step closer to becoming reality. If approved, the scheme would create thousands of jobs.
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Proposals for up to 200 homes sent to council

Up to 200 homes could be construction at a site in Leicestershire after new plans were submitted.
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Aldi’s extension and homes plans tipped for go-ahead

Supermarket giant Aldi's plans to extend one of its Leicestershire stores and construct six new houses have been tipped for the go-ahead.
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Flats and houses planned for industrial site

A development of apartments and houses has been planned for a site in Leicestershire.
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Global packaging giant’s subsidiary to relocate

A Nottingham company which is part of a global packaging giant has agreed to take space at a business park.
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Factory outlet discount wholesaler secures almost £1m to expand

A Northamptonshire-based factory outlet discount wholesaler has secured just under £1m from Cambridge & Counties Bank to upgrade its 50,000 sq ft warehouse.
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Manufacturing

Breedon reveals expectations for second half performance

Leicestershire-headquartered construction materials giant Breedon has said it anticipates its earnings before income tax for second half of 2020 to be more than the average of the market expectations.
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Pre-tax profits jump at global pharmaceutical company

Pre-tax profits at global pharmaceutical and services company Clinigen, which is headquartered in Burton-upon-Trent, jumped by more than 80 per cent during its latest financial year.
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“Satisfactory” year for Nivea’s UK arm

The parent company of skincare products maker Nivea's UK arm has described the results for its latest financial year as "satisfactory". It added that the Covid-19 pandemic is not expected to have a material impact on its ongoing business.
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Automotive components supplier’s turnover nears £30m

A Burton-upon-Trent automotive components supplier's turnover increased closer to the £30m mark during its latest financial year.
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Other News

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

Member Exclusive News

Long-serving board member to step down

A long-serving board member at global pharmaceutical and services company Clinigen is to step down.
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