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Central and East
Friday 3 April 2020

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Senior executives at Primark owner take pay cut

Senior executives at Associated British Foods, which owns well-known brands such as Silver Spoon and Ryvita, as well as retail giant Primark, have requested a pay cut during the ongoing coronavirus pandemic.
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Insider Feature
Feature 1

Ask the Expert: Do law firms need to undertake due diligence on IFA businesses?

Proposed guidelines from the Solicitors Regulation Authority (SRA) show an increased need for due diligence when it comes to referrals with Independent Financial Advisers (IFAs). What does this mean for law firms? John Duns from Fairstone finds out.
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Deals

Avacta to raise £2m through subscription

Biotechnology business Avacta Group, which has sites in Wetherby and Cambridge, is set to raise £2m through a share subscription, with the co-founder of Boohoo among those set to take part.
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Hays raises £200m with placing

Listed recruitment giant Hays has raised about £200m through a placing.
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Essentra completes establishment of a filters joint venture

Essentra has completed the establishment of a filters joint venture in China.
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Joules raises £15m to help cope with Covid-19 crisis

Listed lifestyle brand Joules has raised £15m to help it cope with the Covid-19 crisis.
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Business

Coronavirus loan scheme revised and expanded

An emergency loan scheme set up by the government to help businesses affected by the coronavirus pandemic, which had been the subject of criticism, has been revised and expanded.
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Double partner appointment at MHA Larking Gowen

Accountancy and business advisory firm MHA Larking Gowen has taken on new partners in its Norwich and Colchester offices.
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Anglian Water chairman retires

The chairman of Anglian Water has retired after five years in the post.
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National Express suspends coach services

National Express is to fully suspend its national network of scheduled coach services.
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Essential services to the fore at Centrica

Energy giant Centrica has said it is prioritising esssential work in the near term as it reponds to the coronavirus crisis while also taking steps to reduce its 2020 cash expenditure by about £400m to naviage the impact of the pandemic.
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Property

SEGRO well-placed to weather pandemic

The chief executive of SEGRO has said the property investment and development group is "well placed to weather the storm caused by the Covid-19 pandemic" and hailed the diversity of the company's clients and the strength of its balance sheet.
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Manufacturing

Racing Point weighing up cost-saving measures

Racing Point, the Silverstone-based F1 team, are considering a range of cost-saving measures to help them deal with the coronavirus pandemic.
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