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East Midlands
Thursday 7 May 2020

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Attraction tech firm enters administration

A Derby company which creates technology for attractions at the likes of Alton Towers, Thorpe Park, the London Eye and major venues in the US and China has entered administration.
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Insider Feature
Feature 1

Business Matters: Covid-19 – a crisis apart

As the economic fall-out from Covid-19 bites, John Swarbrick, head of portfolio at BGF, considers what management teams can do to navigate the here and now.
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Deals

LA investor takes Rolls-Royce stake

A Los Angeles investment company has taken a 5 per cent stake in Rolls-Royce.
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Automotive supplier receives financial boost

A Burton-upon-Trent automotive components supplier has received a financial boost to support its working capital requirements during the Covid-19 pandemic.
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Bounce Back Loans initiative approves £2bn worth of applications

The Bounce Back Loans scheme has approved more than 69,000 applications worth about £2bn during its first 24 hours.
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Virgin Media and O2 in ‘game changing’ merger

Broadband network Virgin Media is to merge with O2 after their owners agreed a joint venture which values the businesses at £18.7bn and £12.7bn respectively, creating a 'game changer with the financial strength to invest in UK digital infrastructure'.
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New lenders approved for emergency loan scheme

The British Business Bank has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Pre-tax profits more than double at security business

Pre-tax profits more than doubled at a Nottinghamshire safety, communication and security business during its latest financial year, new documents have revealed.
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IoD appoints new East Midlands chair

The Institute of Directors (IoD) has appointed a new regional chair for the East Midlands.
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Debenhams set to ‘close another five stores’

Debenams is reportedly set to permanently close another five stores once lockdown is over, including in Leicester.
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Langleys appoints first chief executive

Law firm Langleys Solicitors has appointed its first chief executive.
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LCV market slumps due to Covid-19 lockdown

The UK new light commercial vehicle (LCV) market slumped 86.2 per cent in April as nearly all registrations stopped due to the coronavirus lockdown, new figures have confirmed.
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Lockdown online sales surge for The Works

Online sales at The Works have more than tripled during the Covid-19 lockdown, the listed retailer has said.
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Postponement for 2021 business rate revaluation

A revaluation of business rates will no longer take place in 2021, the government has confirmed.
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Property

Bid for 55 new homes tipped for refusal

A bid to construct up to 55 new homes in Northamptonshire has been recommended for refusal.
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Restoration work starts at historic Market Hall

Work to restore Derby's historic Market Hall is underway.
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Construction industry needs government green light – FMB

The construction industry needs a green light from the government to ensure that sites can be re-opened safely, according to the Federation of Master Builders (FMB).
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Beal secures consent for hundreds of homes

Housebuilder Beal Homes has secured planning consent for hundreds of new homes on sites in East Yorkshire and Lincolnshire.
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Manufacturing

Rolls-Royce CEO outlines plans to cut costs

Rolls-Royce must take "the difficult but necessary decisions" to make sure the business comes out of the Covid-19 crisis with the "appropriate cost base" for a smaller commercial aerospace market, its chief executive will say later today.
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Müller’s sales surge during lockdown

Yogurt brand Müller has reported a surge in sales throughout March and April compared to the first two months of the year.
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Revenues up and losses narrow at newly acquired Kettle Foods

Revenues have nudged up and operating losses have narrowed at the snack company behind Kettle Chips and Metcalfe's Skinny Popcorn, recently filed accounts have revealed. News of the results comes eight months after Valeo agreed to buy the business for about £66m.
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Other News

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

Member Exclusive News

Law firm wins contract with PE-backed firm

A Nottingham law firm has been appointed by a private equity-backed fleet management business as its new legal adviser.
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