Today's Central and East business news from Insider |
| Wednesday 2 December 2020 |
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Latest News | The board of estate agency group Countrywide has unanimously rejected a takeover offer by Connells and will now explore a potential £70m recapitalisation.
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In a recent survey of mid-market leaders we learnt that one third of UK businesses have closed, suspended or reduced the capacity of their operations as a result of the Covid-19 pandemic. With the current situation looking less easy for experts to predict where the economy is heading, now is the time for business leaders to be safeguarding the future of their organisation. Oliver Bridge, business consulting director at Grant Thornton, looks at the importance of effective operations.
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Cambridge-based IQGeo Group has agreed to acquire a US company for a consideration of up to $8.75m. The move will be supported by a placing to raise about £5.3m.
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Corcel has bought the remaining 50 per cent stake in its Burwell battery storage and solar project.
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An attraction business which behind a zero-gravity illusion experience is nearing its £100,000 crowdfunding target.
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Pets at Home has agreed a £100m disposal of its five specialist referral practices.
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A worldwide freight and logistics company based in Ipswich is investing in its future following the support of a six-figure funding package from Lloyds Bank.
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Department store Debenhams is to be wound down after administrators were unable to secure a deal to safeguard the future of the business.
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Birketts has appointed ten new partners, bringing the total across the law firm to 81.
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Angling Direct is reopening all 38 of its stores today following the end of government lockdown restrictions and announced EBITDA for its latest financial year is 'likely to exceed current market expectations'.
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A vision for a Freeport on the East coast has been laid out by public and private sector leaders.
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The new chief executive of specialist lender Cambridge & Counties Bank has officially taken up his role.
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Arcadia Group, which is behind brands such as Topshop and Burton and employs about 13,000 staff, has appointed administrators. No redundancies have been announced and all stores will continue to trade while administrators assess the options available for the future of the group's businesses.
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Godwin Developments has secured a 3.5-acre site in Yaxley, Suffolk, with the aim of transforming it for roadside retail use.
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Clearbell Capital has established a strategic partnership with LaSalle Global Partner Solutions (GPS), the investing platform of LaSalle Investment Management.
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Revenues have topped £50m at the UK arm of the group behind behind squeezable cheese brand Primula, newly filed results have revealed.
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Losses at the UK and Ireland arm of diary giant Müller continued to decline during its latest financial year as its £100m cost-cutting drive was maintained.
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