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East Midlands
Thursday 28 January 2021

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Half-year revenue dips below £100m at Joules

Revenue dipped below the £100m mark at lifestyle brand Joules during the first half of its financial year because of the Covid-19 pandemic, new figures have confirmed. The listed retailer, which is headquartered in Leicestershire, has also announced the departure of its chief financial officer.
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Insider Feature
Feature 1

Business Matters: Raising finance (by debt or equity) to fund growth in a post Covid world

Haydon Simmonds and Jahid Ali, banking and finance and corporate partners at Howes Percival, consider some of the issues facing businesses looking to fund growth in a post-Covid world.
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Deals

BGF-backed components maker completes acquisition

A BGF-backed motorsport and automotive components maker in Norfolk, whose clients include Aston Martin, Ferrari and Porsche, has acquired a Lincolnshire business.
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ThinCats supports firm with £3m boost

A provider of market intelligence, data and events to the global plastics industry has been with a £3m refinance and working capital facility by ThinCats.
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British Business Investments commits £10m to Syndicate Room

British Business Investments, a commercial subsidiary of the British Business Bank, has made a £10m commitment to venture capital fund Syndicate Room.
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Hunters and TPFG agree terms of multimillion-pound acquisition

Listed estate agency business Hunters Property has reached an a agreement on a £24.2m acquisition by counterpart The Property Franchise Group (TPFG).
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Insider Feature
Feature 2

Business Matters: Rishi Sunak, Covid-19 and the UK tax system’s best kept secret…

Roy Farmer and David Bradshaw from Dains LLP say the Chancellor, Rishi Sunak, will face the impossible task of balancing the books, whilst trying to keep the taxpayer happy, when contemplating the fiscal plan to be outlined during the Spring budget.
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Business

Listed letting agency beats pre-Covid targets

Trading at Lincolnshire-headquartered lettings giant Belvoir "exceeded its pre-Covid-19 expectations" with revenue rising and pre-tax profits "comfortably ahead" of management's forecasts. As a result, board has decided to reimburse staff for the salary sacrifice made during the first lockdown and to fully repay the £260,000 of government Covid-19 support it received.
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New CEO for listed building contractor

Nottinghamshire-headquartered contractor nmcn has announced the appointment of a new chief executive.
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Director joins civil and structural engineering firm

A civil and structural engineering firm, which has offices across the East Midlands, has appointed a new director to its board.
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Encouraging revenue growth in Q3 at Mitie ahead of current lockdown

Mitie Group has reported a strong third quarter performance although the new national lockdown measures currently in place are likely to result in flat growth in the final quarter of the outsourcing giant's financial year. Mitie completed the acquisition of Interserve Facilities Management during Q3 and said the business had made an encouraging start.
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Boots owner hires former Starbucks CEO

The parent company of Nottingham-headquartered historic pharmacy giant Boots has named the former Starbucks chief executive as its new boss.
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Property

BMW showroom transformation plans outlined

A car retail brand which is part of the Nottingham-headquartered listed giant Pendragon has announced the redevelopment of its BMW showroom in Derby.
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Commercial and industrial buildings approved

Proposals to construct ten commercial and industrial buildings at a Leicestershire site have been backed.
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Major shopping centre rebrands

A major Derby shopping centre has been rebranded after a firm backed by the Kuwait Investment Office took full ownership of the site in September.
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Plans for huge solar farm voted through

A solar farm stretching across more than 130 acres is to be constructed in Leicestershire after the plans were voted through.
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Manufacturing

Turnover rise for drug firm

Turnover jumped at a Nottinghamshire-headquartered services provider to the early-stage drug development industry in the year before the Covid-19 pandemic hit, new documents have revealed.
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JCB to create more than 400 jobs

JCB has revealed plans to recruit more than 400 additional UK shop floor employees as the company gears up for a surge in production.
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UK car manufacturers suffer worst year since 1984

The production of cars in the UK reversed by almost a third in 2020, according to new figures. The Society of Motor Manufacturers and Traders said it was the worst year for manufacturers since 1984 because of the Covid-19 pandemic and Brexit concerns.
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Other News

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Leicester Tigers sign new commercial agreement

Leicester Tigers have signed a new commercial agreement with a cyber security specialist.
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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

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

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