Today's East Midlands business news from Insider |
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East Midlands
Monday 4 May 2020

Latest News

Top Story

Talks over potential merger of car retail giants halted

"Early discussions" over a potential merger between listed car retail giant Pendragon, which is headquartered in Nottingham, and counterpart Lookers, have been halted.
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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

John Lewis eligible for Covid Corporate Financing Facility of up to £300m

John Lewis has received confirmation that it is eligible to access up to £300m of funding under the Treasury and Bank of England's Covid Corporate Financing Facility.
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Braveheart raises £350,000 with second placing

Braveheart Investment Group has raised £350,000 through a further placing.
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Commercial finance specialist added to funding panel

A Nottingham-based commercial finance specialist has been appointed to the panel of brokers working with peer-to-peer lending marketplace Funding Circle on CBILS.
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US investment firm takes Intu stake

A US investment firm has taken a stake in shopping centre giant Intu.
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Business

Midlands profit warnings spike

Profit warnings issued by Midlands-listed businesses reached a record-breaking high in the first three months of 2020 - higher than any previous quarter in the last 20 years, according to new figures.
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Ryanair to cut 3,000 jobs

Budget airline Ryanair has said that up to 3,000 jobs could be lost as a result of its restructuring and job loss program, set to commence from July 2020.
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High street law firms under immediate threat - report

Cashflow pressures and reduced fee income has put many small law firms at risk of collapse, the Law Society of England and Wales has warned.
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BIDs set for funding boost

Hundreds of business partnerships across England will share a £6.1m funding boost to spend on projects designed to help guide their economies through the uncertainty of the pandemic.
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Funding boost safeguards GB-NI air services

Air passenger services between Great Britain and Northern Ireland will be safeguarded through a £5.7m investment, the government has announced.
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Property

Mixed-use development plans drawn up

Plans are being drawn up for a mixed-use development in Northamptonshire which would include a car showroom and an emergency services hub.
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Revised plans for 45 homes rejected

Revised plans to build up to 45 new homes at a Leicestershire site have been refused.
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Manufacturing

Rolls-Royce could cut up to 8,000 jobs - reports

Up to 8,000 jobs could be lost at Rolls-Royce after aircraft makers slashed production during the Covid-19 pandemic, according to reports.
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Engine production slumps 40 per cent

The production of vehicle engines in the UK slumped 40 per cent in March, new figures have confirmed.
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Other News

BAE Systems completes $275m takeover

Hotel Chocolat ‘encouraged by resilience’

McDonald’s reveals date of partial reopening

Midlands Top 500 Companies List - contact 1000s of the region’s top decision makers by phone or email

Member Exclusive News

New orders secured by Northbridge

New orders have been received by Burton-upon-Trent-based Northbridge Industrial Services during the lockdown period.
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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

The region's top hotels and accommodation.
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