Today's East Midlands business news from Insider |
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East Midlands
Tuesday 21 April 2020

Latest News

Top Story

Midlands Queen’s Award winners revealed

A listed manufacturer established at the end of the 18th century and a prominent fashion house are among the latest companies from across the Midlands to receive a coveted Queen's Award, while a food supplier has picked up its fourth prize.
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Insider Feature
Feature 1

Ask the expert: How to effectively manage businesses working remotely in the time of coronavirus

With people across the world remote working, Dr Yanguo Jing, associate dean at Coventry Business School, looks at how to do so effectively.
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Deals

Joules secures £15m boost

Listed lifestyle retailer Joules, which is headquartered in Leicestershire, has secured a £15m increase to its revolving credit facility to help it cope with the Covid-19 pandemic.
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Security fog maker secures £250,000 boost

A Lincolnshire security fog manufacturer has secured £250,000 from the Midlands Engine Investment Fund.
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Logistics provider secures pandemic financial support

A Nottinghamshire logistics provider has worked with NatWest to secure funding to furlough its staff.
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Financial backing for packaging maker

A Lincolnshire packaging company has secured financial backing from Finance For Enterprise.
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Big Yellow raises £81.9m

Self-storage company Big Yellow has completed a share placing, raising gross proceeds of about £81.9m.
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Independent golf retailer bought by European giant

One of the UK's largest independent retailers of golf equipment has been bought by a European counterpart in a deal which provides an exit for Foresight Group.
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Insider Feature
Feature 2

Business Matters: Coronavirus Business Interruption Loan Scheme (CBILS) – Businesses need to take a step back before applying

Roy Farmer, corporate finance partner at Dains Accountants, says before businesses apply for loan support under the government backed Coronavirus Business Interruption Loan Scheme (CBILS) it is worth a few minutes of reflection to consider how to make the application successful.
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Business

Fisher German makes 24 Mids promotions

Property consultancy Fisher German has made 24 promotions across its Midlands-based offices - including three partners - following a strong period of growth.
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Jobs secured as Cycle Republic stores snapped up

A total of 85 jobs have been secured after a specialist electric mobility retailer bought 11 of Halfords' Cycle Republic stores which had been set to close.
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More than 140,000 apply for furlough scheme support

More than 140,000 businesses have applied for help through the government's Coronavirus Job Retention Scheme, according to reports.
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Nottingham slash budget after league funding cut

Championship rugby club Nottingham have slashed their budget by 40 per cent after the RFU announced significant financial cuts to the league. The club are also attempting to find part-time work for their players and have appealed for additional funding support.
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Local authorities set for further £1.6bn boost

Local authorities across England will receive another £1.6bn in additional funding as they continue to respond to the coronavirus pandemic.
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Imps reject betting company sponsorship deal

Lincoln City FC have decided not to choose a betting company as their front of shirt sponsor for next season.
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Vehicles on British roads passes 40 million for the first time

The number of vehicles registered for use on British roads has surpassed 40 million for the first time, according to new figures.
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Property

Offices set for almost 50 apartments

An office building in Northampton is to be transformed into almost 50 apartments after the go-ahead was granted.
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Architecture firm sees opportunities despite uncertainty

A prominent Midlands architecture firm has said clients are keen to continue working on projects despite the uncertainty caused by the coronavirus lockdown.
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Manufacturing

Historic fancy dress firm in “good position” over Covid-19

The chairman of a historic fancy dress business which started life as a wig maker in the 19th century has said he is convinced that the company is in a "good position to overcome any difficulties that may arise" from the Covid-19 pandemic.
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Pandemic hits sales as JLR furloughs 20,000

Jaguar Land Rover has said the 12.1 per cent drop in retail sales for its latest financial year was primarily as a result of the Covid-19 pandemic "significantly impacting" its fourth quarter. The automotive giant has also furloughed 20,000 staff, half of its global workforce.
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Print companies join forces on PPE manufacturing

A trio of print companies have joined forces to manufacture personal protection equipment (PPE) for frontline NHS staff.
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Competition law relaxed to help dairy industry through pandemic

UK competition law is to be relaxed to help the dairy industry through the Covid-19 pandemic.
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Other News

Game developer well-placed as revenue and profit rise

Building products supplier deal referred for in-depth investigation

“Encouraging” first-half for Associated British Foods

Midlands Top 500 Companies List - contact 1000s of the region’s top decision makers by phone or email

Member Exclusive News

Listed car retail giant adds new board member

Nottingham-headquartered listed car retail group Pendragon has appointed a new board member.
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Services & Guides

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Best Places to Stay

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