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East Midlands
Wednesday 1 April 2020

Latest News

Top Story

Turnover surges at Poundstretcher parent but losses widen

Turnover surged past the £400m mark at the Leicestershire-based company behind discount national retailer Poundstretcher during its latest financial year, but its pre-tax losses widened to almost £10m, new accounts have revealed.
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Insider Feature
Feature 1

Business Matters: How to support employee mental health when working remotely

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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Deals

Severn Trent “robust” after £200m boost

Severn Trent is in "robust financial position" after securing a £200m boost. The utilities giant added that its performance has reported "no material change" since its latest update at the end of January.
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CMA clears betting company deal

The Competition and Markets Authority (CMA) has cleared the proposed merger of the company behind Paddy Power and the owner of Sky Bet.
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Comments invited on Future undertakings

A public consultation has opened on the undertakings offered by Future to remedy competition concerns in its proposed £140m acquisition of TI Media.
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Business

Listed software company secures $4.6m US government deal

A Lutterworth-based listed software company has received a $4.6m order from the US federal government.
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Coronavirus leads to highest grocery sales ever recorded - report

The public's response to the coronavirus crisis has led to March being the biggest month for grocery sales ever recorded, according to the latest grocery market share figures from Kantar.
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Nottingham furlough players and majority of staff

Nottingham Rugby have furloughed all of their players and the majority of other staff as a result of the coronavirus pandemic.
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Banks to cancel dividends to help fight against Covid-19

Some of the UK’s largest banks have announced plans to cancel dividend payments in response to a request from the Bank of England through the Prudential Regulation Authority. The move is designed to free up capital to help tackle the Covid-19 crisis.
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Cobblers hail improved financial performance

Northampton Town FC have hailed an improved performance during their latest financial year.
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Business confidence slumps in face of pandemic

Business confidence slumped to 3 and 9 per cent in the East and West Midlands respectively following the outbreak of the coronavirus pandemic, according to new figures.
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The Gym Group partners with fitness app

The Gym Group, which has almost 180 24/7 facilities across the UK, has launched a new on-demand product for its members through a partnership with a fitness app.
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Property

New date for Midlands property awards

A new date for Insider’s annual celebration of the Midlands residential property sector has been announced.
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Plans in for almost 50 homes

Plans for almost 50 new homes to be constructed in Lincoln have been submitted.
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Permission granted for apartments scheme

Permission has been secured for a new apartment scheme in Beeston, Nottingham.
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Work on cinema and homes scheme halted

Work on an eight-screen cinema and 132 new homes in Nottinghamshire has been shut down because of the Covid-19 pandemic.
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Big Yellow secures new debt facility

Self-storage giant Big Yellow has completed a seven-year debt facility with Aviva worth £35m.
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Manufacturing

Revenue and profits grow at historic packaging maker

Revenue and pre-tax profits grew at a Derbyshire-headquartered listed packaging manufacturer which can trace its roots back to 1839 during its latest financial year, new figures have revealed.
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INEOS begins production at new hand sanitiser plant

INEOS Group has hit its ten-day target to build a hand sanitiser plant near Middlesbrough and has started producing one million hand sanitisers a month to help in the battle against coronavirus.
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Breedon suspends Ireland production

Building materials giant Breedon has temporarily suspended production at its sites in the Republic of Ireland.
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Other News

Virgin Money suspends job cut and branch closure programme

Nissan Design Europe appoints new vice president

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

Member Exclusive News

Ideagen signs deal with global network

Nottinghamshire-headquartered listed software company Ideagen has announced that Baker Tilly International has become the latest customer of Pentana Disclose.
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