Today's Central and East business news from Insider |
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Central and East
Tuesday 7 April 2020

Latest News

Top Story

Buyout at Cambridge firm

Partners at the Cambridge office of advisory firm BKL have bought the business out, with the new entity trading as The Ashcroft Partnership.
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Insider Feature
Feature 1

Ask the Expert: Do law firms need to undertake due diligence on IFA businesses?

Proposed guidelines from the Solicitors Regulation Authority (SRA) show an increased need for due diligence when it comes to referrals with Independent Financial Advisers (IFAs). What does this mean for law firms? John Duns from Fairstone finds out.
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Deals

easyJet takes steps to safeguard short-term liquidity

easyJet has borrowed from the Covid Corporate Financing Facility and drawn down on its revolving credit facility in order to increase its liquidity in the event of a prolonged grounding of the fleet. 
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Avacta raises further funding with placing

Biotechnology business Avacta Group, which has sites in Wetherby and Cambridge, has conditionally raised a further £3.75m through a placing.
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IPOs “severely impacted” by oil prices and virus crisis

IPO activity has been "severely impacted" by the reduction in oil prices and the Covid-19 crisis, creating "the most turbulent market conditions since the financial crisis in 2008", according to EY.
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Business

Haven to extend park closures

Haven has revealed plans to prolong the closure of its holiday parks due to the ongoing coronavirus pandemic.
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Adnams returns to the black

Revenues have slipped at Suffolk-headquartered Adnams in its latest financial year, although the brewer, distiller and retailer returned to the black.
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Debenhams set to appoint administrators

Department store chain Debenhams has filed a notice of intent to appoint administrators.
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Property

FMB calls for additional construction firm support

The Federation of Master Builders (FMB) has called for more support to be given to UK construction firms following a steep decline in activity caused by Covid-19.
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McKay “well-positioned” for future

Berkshire-headquartered commercial property firm McKay has said it is "well-positioned for the future" amid the outbreak of the Covid-19 pandemic.
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Manufacturing

Pandemic hits UK new car market

The UK new car market slumped by 44.4 per cent in March, according to new figures.
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