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East Midlands
Wednesday 26 March 2020

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Turnover up as losses widen at Bistrot Pierre

Turnover grew but pre-tax losses widened at private equity-backed Bistrot Pierre during its latest financial year, new documents have confirmed. The increase in losses was partly due to the move of its founders from executive to non-executive roles and abortive costs associated with a change in acquisitions strategy.
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Insider Feature
Feature 1

Ask the expert: How to grow your business

Karen Prior, group finance director at Anpario plc, offers her expertise on growing a business.
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Deals

Electric jet boards maker downgrades funding target

A Nottingham company which makes electric jet boards has reduced its crowdfunding target by £50,000.
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Advanced snaps up professional services software firm

Private equity-backed Advanced has snapped up a global legal, accounting and professional services software business from BT Group - its fifth acquisition in 12 months.
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Six-figure fund to support companies launched

A £100,000 fund has been launched to help companies across Milton Keynes and Northamptonshire continue to access business support services in the face of the Coronavirus pandemic.
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Takeover of iconic guides publisher moves forward

The takeover of Haynes Publishing Group has moved forward after shareholders backed a deal which values the automotive data business at £114.5m.
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Upbeat K3 Capital anticipating opportunities

Company sales specialist K3 Capital Group is expecting opportunities to be created as it looks to navigate the ongoing pandemic.
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Deal for The i cleared by government department

The completed acquisition of The i newspaper and website by the Daily Mail and General Trust for almost £50m has been cleared by a government department.
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Insider Feature
Feature 2

Estate planning in a pandemic

This blog had been intended as the fourth in our series on preparing a business for sale and planning for the future. Considering the extraordinary circumstances we now all find ourselves in and in response to questions from clients and contacts, Catriona Attride, national head of private wealth at Gateley Legal, will be using this opportunity to address some of the concerns we have been presented with.
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Business

Staffline sees increased food sector demand

Nottingham-headquartered recruiter Staffline has experienced a surge in demand from the food sector in recent weeks as companies react to the coronavirus pandemic.
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Listed law firm cuts wages in Covid-19 response

Listed law firm Knights has announced wage cuts for board members and staff who earn more than £30,000 to help it deal with the Covid-19 pandemic.
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Exemplar Health Care to create 1,000 jobs

Exemplar Health Care has revealed plans to create 1,000 jobs to meet the growing demand for its services.
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Aldi to give workers 10 per cent bonus

Aldi employees who work in its stores and distribution centres are to receive a 10 per cent bonus.
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Motorpoint aims to remain flexible and resilient

A series of measures have been announced by Motorpoint in a bid to help the business through the Covid-19 pandemic.
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Saints confirm 25 per cent wages cut

Northampton Saints have become the final Premiership club in the Midlands to confirm pay cuts of 25 per cent.
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Tuffnells seeking to recruit more than 100 workers

Delivery company Tuffnells is aiming to recruit more than 100 warehouse workers and lorry drivers.
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Historic group closes all sites

A historic building supplies and plant tool hire group is suspending trading until further notice. The Nottingham-headquartered business said it was acting independently of government advice that similar companies had an option to stay open.
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Property

Housebuilding giant faces virus challenge from position of strength

Housebuilding giant Barratt Developments has said it faces the challenge of the coronavirus outbreak from a position of strength as it revealed a series of measures to help it cope with the impact of the pandemic.
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Intu looks to access £330bn package as costs get cut

Shopping centre giant Intu could look to access the government's £330bn support package as it aims to navigate the coronavirus crisis, with the company reducing capital expenditure and cutting back on head office costs.
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Countryside suspends construction

Housebuilder Countryside has closed and suspended all construction work and closed its sales offices.
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Rescheduled MIPIM in June ‘not feasible’ because of virus crisis

The organiser of MIPIM 2020 has said it is not feasible to host the property festival in Cannes at its rescheduled date in June because of the ongoing coronavirus pandemic. An alternative event is being organised for September in Paris, with the next edition of MIPIM in Cannes set to take place in March 2021.
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Manufacturing

JCB extends factory shutdowns

JCB has extended the suspension of production at its UK factories until at least the end of April.
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Car sales decline hits manufacturer

A decline in car sales across Europe resulted in Leicester-headquartered thermoplastics manufacturing group COBA International's turnover and pre-tax profits dropping during its latest financial year, new accounts have confirmed.
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Other News

FCA gives listed firms more time to publish results

Clipper Logistics providing additional support to grocery sector

Collaboration key as space sector responds to virus outbreak

Challenging start to 2020 for SIG

Midlands Top 500 Companies List - contact 1000s of Top Decision Makers

Member Exclusive News

Utilities supplier maintains revenue expectations

Nottingham-headquartered utilities supplier Yü Group has said it still expects its revenue to be about £110m for its latest financial year, in line with previous guidance.
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