Rolls-Royce to cut almost 1,400 jobs

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East Midlands Friday 6 November 2020 Send a Story Subscribe Membership Advertise Contact Latest News Top Story Rolls-Royce to cut almost 1,400 jobs Almost 1,400 jobs are being cut by Derby-headquartered engineering giant Rolls-Royce, it has been confirmed. Read More… Insider Feature Business Matters: Why you shouldn’t let the pandemic halt your workplace dreams The pandemic has been the biggest collective shock to our lives, according to Andrew Butterworth, commercial director at Bruntwood Works, with millions made to work from home and thousands of businesses forced to adapt. Companies have changed the way they operate and how they look after their workforces and customers, prioritising health, safety and wellbeing more than ever before. Read More… Deals Food-to-go business secures £200k boost A Leicester-based food-to-go company has secured a £200,000 boost. Read More… RSA approached about possible £7.2bn takeover offer RSA Insurance Group has confirmed it has been approached by a consortium with a proposal regarding a possible multibillion-pound takeover offer for the historic insurance business. Read More… Investment firm increases stake in Van Elle An investment firm has increased its stake in Nottingham-headquartered ground engineering contractor Van Elle. Read More… Private equity firm acquires Hovis Private equity firm Endless has acquired 134-year-old bakery brand Hovis. Read More… £30m funding commitment unveiled to support SMEs British Business Investments has provided a £30m commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund. Read More… ClearCourse buys retail software firm ClearCourse Partnership has snapped up a provider of retail management software. Read More… Insider Feature Business Matters: Building business resilience - How business operations can thrive in uncertain times Many businesses were forced to adapt and adopt new processes in a rush as the pandemic hit. SafetyCulture’s Dan Joyce explores how we can build on those hasty foundations and optimise for safer, more productive and successful businesses in 2021. Read More… Business Turnover and profits rise at Royal Warrant holder Turnover jumped past the £250m mark while pre-tax profits also surged at a Leicester-headquartered Royal Warrant-holding distributor of liquefied petroleum gas (LPG) during its latest financial year. Read More… Bravissimo’s actions to cope with first lockdown revealed Lingerie retailer Bravissimo "streamlined" jobs and permanently closed stores to deal with the first Covid-19 lockdown as well as securing additional funding, new documents have confirmed. Read More… Sunak to extend furlough scheme to March The UK-wide furlough scheme is set to extend until the end of March 2021, Chancellor Rishi Sunak has announced. Read More… Turnover surges towards £40m at valeting giant Turnover surged towards the £40m mark at a professional valeting business which provides services to more than 550 motor dealerships located throughout the UK during its latest financial year. Read More… Sainsbury’s changes to impact thousands of jobs Sainsbury's has revealed plans to close 420 standalone Argos stores and said its meat, fish and deli counters will cease to operate. The move is expected to impact about 3,500 jobs. Read More… New commercial print group formed A group of three of Leicestershire commercial print businesses have joined together to become one organisation. Read More… Insider Feature Roundtable: Food & Drink 2020 The Midlands is playing a leading role in ensuring the global food chain is more sustainable and efficient. Read More… Property Software giant opens new £22m headquarters A software company which counts Leicester City Football Club, Cineworld and Domino's Pizza among its clients has opened its new £22m headquarters at the Loughborough University Science and Enterprise Park. Read More… Urban&Civic set for £506m takeover A £506m deal for commercial development specialist Urban&Civic has been agreed. Read More… Green light for more than 330 homes More than 330 homes are to be built in a Nottinghamshire town after the go-ahead was granted next week. Read More… Logistics company opens new hub Leicestershire-headquartered logistics company Pall-Ex has opened a new distribution hub in Northamptonshire. Read More… Go-ahead tipped for care home bid An application for a 78-bed care home on the site of a now-demolished pub in Nottinghamshire has been recommended for approval. Read More… Apartments set for vacant mill A former mill building in Nottingham is set to be transformed into almost 30 apartments. Read More… Manufacturing JLR licences Defender shape to acquired manufacturer A Derbyshire-headquartered manufacturer of all-terrain performance cars, parts and rally raid vehicles has been given permission by its parent, Jaguar Land Rover, to use the classic Defender shape. Read More… Bentley to go fully electric by 2030 Bentley Motors has outlined plans to go fully electric by 2030. Read More… Turnover tops £25m at food packaging company Turnover topped £25m at a Leicester food packaging company during its latest financial year, new documents have revealed. Read More… UK new car market suffers October decline The UK new car market declined again in October, with registrations falling by 1.6 per cent year on year, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Read More… Other News NEW Midlands Top 500 Companies Database - Preorder today and get the Early Bird Offer Member Exclusive News New base for asbestos management company A Northampton-based asbestos management company has expanded with the launch of a new office in Birmingham. Read More… Services & Guides Corporate Finance Directory Find an adviser to help you buy, sell or invest in a business. Read More… Best Places to Meet The region's top places to hold events, conferences and meetings. Read More… Best Places to Stay The region's top hotels and accommodation. Read More… Send a Story Subscribe Membership Advertise Contact

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