Today's East Midlands business news from Insider |
Latest News | Rolls-Royce is to cut the salary of its global workforce by 10 per cent in 2020 in response to the Covid-19 pandemic. The executive team's pay will be reduced by 20 per cent for the rest of the year. It has also drawn fully on its £2.5bn revolving credit facility, increasing its current gross cash balance to £5.2bn.
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As the impact of coronavirus takes hold, stress for the region’s workforce is at an all-time high, with concerns over job security and personal finances escalating, and those who can, working in isolation from home in line with the government’s social distancing instructions. With this and April’s UK Stress Awareness Month in mind, David McCormack, CEO of employee engagement innovators HIVE360, offers guidance on managing the mental health of employees who are working remotely.
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Retail giant Next has confirmed it is eligibe to access funding under the Covid Corporate Financing Facility.
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A second-generation cleaning company in Lincolnshire has secured a five-figure Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank.
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A move which saw the Birmingham company behind an automotive business that can trace its roots back to 1877 acquired by an investment firm has been named Insider's Deal of the Month for March.
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Revenue jumped towards £100m at a Derbyshire-based healthcare logistics company, which is part of Walgreens Boots Alliance, the owner of historic pharmacy giant Boots, during its latest financial year.
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Department store chain Debenhams is reportedly on the verge of entering administration with the ongoing coronavirus crisis also hitting other retailers.
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Turnover rose at a Leicester-headquartered insurance firm during its latest financial year, new documents have revealed.
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Shoe Zone has placed the majority of its workforce on furlough and ceased all capital expenditure in the face of the Covid-19 crisis.
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Revenue surged past £100m at Nottingham-headquartered listed utilities supplier Yü Group during its latest financial year, new figures have confirmed.
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Turnover rose to more than £170m at a construction firm which has completed projects for the likes of Siemens, Wagamama and Premier Inn, during its latest financial year.
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The go-ahead has been granted to create a four-storey office building in Leicester city centre.
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Plans have been submitted to revitalise a Leicestershire shopping centre by its new owner.
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The government has unveiled a new £20m fund for R&D businesses designed to help build UK resilience following the coronavirus outbreak.
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Member Exclusive News | Leicestershire County Cricket Club have announced a partnership with Vita Sports for the next four years.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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| | The region's top hotels and accommodation.
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