Today's East Midlands business news from Insider |
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East Midlands
Thursday 2 April 2020

Latest News

Top Story

Majority stake taken in paper and packaging distributor

A listed Japanese group has agreed to take a majority stake in a European paper and packaging distributor which employs more than 1,000 workers in the UK.
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Insider Feature
Feature 1

Business Matters: How to support employee mental health when working remotely

As the impact of coronavirus takes hold, stress for the region’s workforce is at an all-time high, with concerns over job security and personal finances escalating, and those who can, working in isolation from home in line with the government’s social distancing instructions. With this and April’s UK Stress Awareness Month in mind, David McCormack, CEO of employee engagement innovators HIVE360, offers guidance on managing the mental health of employees who are working remotely.
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Deals

Eurocell raises more than £17m

More than £17m has been raised by Derbyshire-headquartered Eurocell, the manufacturer of PVC window, roof and door products.
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Experian in £400m boost

A subsidiary of Experian has priced an issue of £400m bonds.
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Revised takeover of financial services firm completes

The multimillion-pound takeover of a financial services technology company by an Australian business has completed for a discount on the original purchase price.
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EY acquires R&D tax relief specialist

Professional services giant EY has acquired an R&D independent tax consultancy which specialises in supporting companies accessing R&D tax relief through the small to medium size enterprises (SME) scheme.
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Auto Trader outlines share placing plans

Auto Trader has outlined plans for a share placing in a bid to raise funds amid the ongoing pandemic.
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Business

Cargo flights increase from East Midlands Airport

The number of cargo flights from East Midlands Airport has increased during the Covid-19 pandemic.
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Business secretary calls on banks to support crisis-hit firms

Business secretary Alok Sharma has said it is 'completely unacceptable' if banks are 'unfairly refusing funds to good companies in financial difficulties' amid criticism of the industry and concern about the ability of firms to survive the current shutdown in place to tackle the coronavirus. The Chancellor is set to come forward with additional measures to help small businesses trying to access support.
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Cobblers to top up furloughed staff’s wages

Northampton Town are to top up the salaries of the employees who have been put on temporary enforced leave because of the coronavirus pandemic.
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Holiday company vows to come back ‘stronger than ever’

A holiday company has vowed to come back stronger than ever – with assistance from Lloyds Bank – after cancelling its upcoming trips.
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B&M to temporarily close almost 50 stores

B&M is to temporarily close almost 50 stores amid the ongoing pandemic.
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Imps furlough majority of non-playing staff

Lincoln City have placed the majority of their non-playing staff in furlough. The move comes after their chairman said the Covid-19 pandemic was a threat to the club's existence.
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Business report sharp and significant fall in revenue - BCC

UK businesses have reported a sharp and significant fall in domestic and overseas revenue according to the British Chambers of Commerce's (BCC) first Covid-19 Business Impact Tracker.
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Professional services firm launched

A new professional services firm has launched with 11 offices across the UK.
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Property

Distribution arm eyes base expansion

A distribution arm of a specialist food and drink logistics provider, which counts the likes of Jägermeister, Alpro and Tyrrells as customers, is seeking permission to extend its Leicestershire base.
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Job-creating expansion plans backed

An agricultural, forage, amenity and sports seed company has received approved for plans to expand its Lincolnshire base and create new jobs.
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Landsec establishes rent relief support fund

Property giant Landsec has established an £80m rent relief support fund for tenants affected by the coronavirus outbreak.
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Drive-thru coffee shop planned

Plans for a drive-thru coffee shop at an Asda store in Leicestershire have been submitted.
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Land set aisde for new homes sold

A parcel of land in Northamptonshire earmarked for a collection of new homes has been sold.
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Manufacturing

New MD for automotive parts maker

A Nottinghamshire-based automotive parts manufacturer has appointed a new managing director.
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Other News

Hotel Chocolat cancels interim dividend

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Member Exclusive News

Pair retire from Breedon’s board

Leicestershire-headquartered building materials giant Breedon has confirmed the retirement of two non-executive directors.
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