Today's East Midlands business news from Insider |
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East Midlands
Tuesday 23 July 2019

Latest News

Top Story

Joules’ revenue smashes past £200m mark

Revenue at listed fashion retailer Joules smashed past the £200m mark during its latest financial year, new figures have revealed.
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Insider Feature
Feature 1

Business Matters: Could you spot a Walter Mitty?

Allan Maund, head of compliance and risk at Dains LLP, says robust recruitment controls are key to preventing candidates joining your business who then go on to destroy your finances and reputation.
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Deals

PE-backed deals in East Midlands fall

The number of private equity-backed buyouts and buy-ins in the East Midlands fell in the first half of 2019 compared to the same period last year, according to new figures. However, there were more deal exits and a higher total exit value.
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Xuper secures seven-figure boost to fund expansion

An IT business has secured a seven-figure funding package from Allied Irish Bank (GB) to support its future growth. Xuper has bases in Derby, Bangor, Northern Ireland, New York and Budapest.
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£80m pledged to develop next-gen electric vehicles

A total of £80m has been pledged by the government to help develop the next generation of electric vehicles – and which could also support the creation of new hybrid aircraft.
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Insider Feature
Feature 2

Business Matters: Helping SMEs to solve their business expense headaches

Thore Vestergaard, managing director of Commercial Cards, Allstar Business Solutions, takes a closer look at the biggest expense management worries for small businesses across the Midlands.
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Business

Margin pressure to hit interim pre-tax profits at Motorpoint

Pre-tax profits are expected to drop at vehicle retailer Motorpoint for the first six months of its financial year, its chairman has said.
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Recruiter wins “substantial contract”

Nottingham-headquartered Frontline Recruitment has won a "substantial contract" to become the exclusive partner to one of the world's largest wholesale distributors of technology products and services.
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Ugandan backing for medication data firm

A Nottingham-based data firm, led by a former Forest striker and which works in the medication supply chain sector, has received indicative support from the Ugandan government to explore tackling the spread of counterfeit drugs in the country.
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Homebase swoops for 44 Bathstore sites

More than 150 jobs have been safeguarded after Homebase agreed a deal to take over 44 Bathstore sites. However, the Bathstore shops not transferring to Homebase will only continue to trade while the remaining display stock is sold off.
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New MD for commercial property agency

A commercial property agency headquartered in Nottingham has named a new managing director.
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China showcase for sustainable furniture company

A Derbyshire-based sustainable furniture company is to exhibit some of its products at the Beijing Expo 2019 until 26 July.
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“Exceptional” year for Turner & Townsend as revenue tops £600m

Professional services firm Turner & Townsend has hailed "exceptional" financial results with turnover growing to more than £600m despite "turbulent global markets".
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Property

Final green light for Silverstone hotel

The final green light has been given for a 197-bedroom hotel at the home of the British Grand Prix.
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Go-ahead for 187-home scheme

The go-ahead has been granted to build 187 new homes in Nottinghamshire.
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Cycling retailer opens new superstore

A BGF-backed cycling retailer has opened a new superstore at brewery giant Everards' new £30m headquarters in Leicestershire.
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Manufacturing

Directors “delighted” with group’s performance

The directors of a group which makes components for the likes of Bentley, Aston Martin, JCB and London Taxis have said they are "delighted" with its performance during the company's latest financial year.
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Other News

Midlands Top 500 Companies List - 2019 edition available now

Member Exclusive News

Consultation set for 39-home scheme

A consultation is to be held tomorrow on plans for 39 homes in Lincolnshire.
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