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East Midlands
Tuesday 14 July 2020

Latest News

Top Story

Motorpoint’s revenue and profits take lockdown hit

Full-year revenue at Derby-headquartered Motorpoint took a £40m hit because of temporary site closures due to the Covid-19 lockdown during its busiest trading month, new results have revealed.
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Insider Feature
Feature 1

Business Matters: Office safety after lockdown

Lucy Cheatham, head of marketing at HIVE360, looks at how offices will need to prepare after lockdown.
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Deals

Transaction activity rebounding as firms look beyond pandemic - LDC

Mid-market private equity firm LDC said there were signs transaction activity had started to rebound as more companies looked beyond the impact of the pandemic to long-term growth and diversification strategies. In a half-year update, the firm announced it had backed a total of 18 investments in the first half of 2020.
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More than £300m grants still to be allocated to businesses

More than £300m allocated to local authorities to support businesses has yet to be handed out, according to new figures.
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ThinCats to open up CBILS loans to new customers

ThinCats is opening up Coronavirus Business Interruption Loan Scheme (CBILS) loans to new customers introduced through business finance intermediaries.
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Creative Support backed by £25m boost

Creative Support has secured a £25m refinancing deal in a move which provides it with a solid platform for long-term security and growth.
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Insider Feature
Feature 2

Talking Point: Encore-managed block among first in the country to benefit from ACM Cladding Remediation Fund

Tom Hopson, associate director of Encore Estate Mangement, talks about the importance of the removal and replacement of ACM cladding and the government's new Building Safety Programme.
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Business

Successor to long-serving CFO named

The long-serving chief financial officer of Leicester-headquartered wealth management firm Mattioli Woods is to step down in October, with his successor named.
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Shares rocket by more than 55 per cent after new partnership revealed

Shares in Leicestershire-based x-ray company Image Scan rocketed by almost 55 per cent after it announced a partnership agreement with a major security technology business.
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Digital director at marketing comms firm steps down

The director of digital at a Leicestershire-headquartered marketing communications agency has left the business.
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Foxes unveil 25-point plan for growth

Leicestershire County Cricket Club have unveiled a 25-point plan to help boost their financial position.
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Major contracts retained by waste management firm

A waste management company has retained a pair of three-year contracts with engine manufacturing world leader Cummins and pharmaceutical industry giant Recipharm.
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DFS to slip to loss as revenue falls by £270m

Listed furniture retailer DFS is set to slip to a pre-tax loss of more than £50m in its full-year results, with revenue down by more than £270m following the Covid-19 outbreak.
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Property

Historic hotel sold in multimillion-pound deal

A hotel on the banks of Rutland Water, which once played host to the Duke of Windsor when it was a hunting lodge, has been sold off a guide price of £10m.
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Regeneration scheme gets £1.5m boost

A regeneration scheme in Derby has received a £1.5m investment from the D2N2 LEP.
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Land tipped for new homes sold

Former farmland in a Nottinghamshire village tipped for a new residential development has been sold.
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Manufacturing

Steady results set for manufacturer’s UK arm

A Nottinghamshire manufacturer of interconnected products and systems for the likes of the military and aerospace sectors has said it expects its results for its current financial year to remain at similar levels to the prior 12 months despite the impact of the Covid-19 pandemic.
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Results driven up at Peugeot UK

Revenue increased by almost £70m at the UK arm of Peugeot during its latest financial year, with the company's pre-tax profits also rising.
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New partnership announced by Derbyshire firm

A Derbyshire advanced process automation systems integrator has signed up to a new partnership.
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Other News

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Member Exclusive News

Construction starts on world’s longest electricity interconnector

Construction work has started in Lincolnshire on the world’s longest electricity interconnector.
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