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East Midlands
Thursday 20 August 2020

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Revenue rises to almost £4bn at acquisitive retail giant

Revenue at the group behind the likes of Sports Direct and House of Fraser jumped closer to the £4bn mark during its latest financial year, although pre-tax profits dipped by almost 20 per cent. It is now set to invest more than £100m in a "digital elevation strategy".
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Insider Feature
Feature 1

Business Matters: Redundancy and Covid-19: Five pitfalls to avoid…

Lucy Twomey, HR and legal adviser at Make UK, says as businesses consider how to survive the economic impact of Covid-19, the stark reality is that, for many, redundancies are now unavoidable. Managing a redundancy procedure can be challenging in normal circumstances but Covid-19 has added new complexity.
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Deals

CMA opens investigation into brewery giants’ joint venture

The Competition and Markets Authority (CMA) has officially launched an investigation into joint venture deal between brewing giants Marston's and Carlsberg UK.
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British Business Bank approves four more CBILS lenders

The British Business Bank has approved four additional lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Assetz Capital partners with Nordic firm

Assetz Capital has signed a funding deal with a Nordic financing provider to contribute to its lending under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Loss-making year for Van Elle after “challenging trading environment”

Nottingham-headquartered engineering contractor Van Elle fell to a pre-tax loss during the first half of its financial year following a "challenging trading environment" which was "significantly exacerbated" by the Covid-19 pandemic.
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Retail supply chain services business returns to pre-tax profit

A retail supply chain services business returned to making a pre-tax profit during its latest financial year as its turnover neared the £25m mark.
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New group MD for machinery seller

A new group managing director has taken over at a Burton-upon-Trent machinery seller.
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Mothercare completes franchise deals

Mother and baby retailer Mothercare has completed a number of franchise agreements - including a deal with Boots - and confirmed talks to "modernise and improve" its commercial relationships. It comes almost a year after the company went into administration.
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Lookers boosted by healthy signs of recovery

Lookers is beginning to see some "healthy signs of recovery" in vehicle sales.
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Vertu Motors in a “significantly better position than anticipated”

Listed car retail group Vertu Motors is said to be in a "significantly better position than anticipated during the lockdown" following strong trading in July.
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Property

Job-creating Guildhall hotel plans approved

More than 250 jobs are set to be created after multimillion-pound plans to transform Nottingham's historic Guildhall into a four-star hotel were approved.
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Former Debenhams store knocked down ahead of £200m scheme

Work to knock down the former Debenhams store in Derby city centre to make way for a £200m regeneration scheme has been completed.
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PE-backed software firm set for £800k new offices

An £800,000 refurbishment project is taking place to provide a new base for an LDC-backed Nottingham company which provides software to energy providers in the UK.
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Manufacturing

Further job cuts planned for mothballed cement plant

Further redundancies have been proposed at a building materials supplier at its north Lincolnshire plant.
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Chocolate maker reports results after year of investment

A chocolate manufacturer has described the results of its latest financial year as "satisfactory" after a period of investment.
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Other News

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Member Exclusive News

£4m electricity investment set for Derby

A £4m investment scheme has started to rebuild parts of Derby’s electricity network in response to an anticipated surge in demand.
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