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East Midlands
Wednesday 29 April 2020

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Next warns of £1.6bn sales slump and losses

Retail giant Next has warned that its sales could slump by more than £1.6bn because of the Covid-19 pandemic. It could also make a pre-tax loss of £150m.
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Insider Feature
Feature 1

Ask the expert: How to effectively manage businesses working remotely in the time of coronavirus

With people across the world remote working, Dr Yanguo Jing, associate dean at Coventry Business School, looks at how to do so effectively.
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Deals

M&S strengthens liquidity for Covid crisis

Marks & Spencer has completed steps to secure liquidity for the likely duration of the Covid crisis and to underpin its recovery strategy and accelerated transformation in 2021. The retailer will next month outline measures being taken to accelerate its transformation programme and the new ways of working being prepared under its "never the same again" programme.  
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LDC secures £39.4m with sale of further Team17 stake

LDC has raised about £39.4m through the sale of a further stake in listed game developer Team17, which has an office in Nottingham.
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Business

X-ray firm raises earnings guidance

Leicestershire-based x-ray company Image Scan Holdings has said it has a "sufficient orderbook and short-term prospects of new orders" to raise its earnings guidance for its current financial year.
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Loan schemes slow to provide support but progress being made – report

Loan schemes introduced to support businesses during the Covid-19 crisis have been slow to provide support, but progress is being made, according to the BCC Coronavirus Business Impact Tracker.
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New legal director at Hewitsons

Law firm Hewitsons has promoted one of its associates to legal director.
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Haven extends park closures until 31 May

Haven has extended the closure of its holiday parks for a second time in response to the coronavirus pandemic.
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ERT eyeing further expansion with new hires

Nottingham-based ERT is expanding with a dozen new positions created during the Covid-19 crisis.
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Property

Major Derby scheme launched

The joint venture developers of a major 1.4 million sq ft warehouse scheme in Derbyshire have launched the project.
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Derelict business centre to become flats

A derelict Nottingham building constructed as a business centre but never used is to be transformed into apartments.
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Custom and self-build homes planned

Almost 30 custom and/or self-build homes could be constructed at a site in Leicestershire, according to new plans.
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Lindum Group to restart work on some projects

Construction company Lindum Group is set to restart work on construction projects where social distancing and safe working can be guaranteed.
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Loughborough town centre plans set to move forward

A £2m scheme designed to regenerate Loughborough town centre looks set to move forward.
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Strong start to 2020 for Persimmon

Listed housebuilding giant Persimmon has reported a strong start to 2020 prior to the Covid-19 outbreak and said it was well placed to respond to the challenges of the crisis.
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Manufacturing

Large-scale 3D printing for University of Nottingham face shield

A PPE face shield designed by engineers at the University of Nottingham is now being 3D-printed at scale.
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Upperton Pharma invests £500,000 to boost production capabilities

Nottingham-based contract development and manufacturing organisation Upperton Pharma Solutions has invested £500,000 in expanding its tablet production capabilities.
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EKF signs deal to supply sample collection device

EKF Diagnostics has struck a deal with Source BioScience to supply a patented sample device to be used in the growing Covid-19 testing service.
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Other News

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Member Exclusive News

Green light for Lincolnshire care home

Plans to build a care home on a Lincolnshire development that forms part of a wider residential scheme have been backed.
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