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Central and East
Wednesday 6 May 2020

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Top Story

Tech firm set for post-pandemic bounce back

A customer service technology specialist based in Bedfordshire has told Insider it is expecting a bounceback when businesses across the UK start heading back to work, with a number of potential new clients also seeking out its cloud technology during the crisis.
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Insider Feature
Feature 1

Business Matters: COVID-19 – a crisis apart

As the economic fall-out from COVID-19 bites, John Swarbrick, head of portfolio at BGF considers what management teams can do to navigate the here and now.
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Deals

Genetics firm secures £3m package

An Oxford genetics company has secured a £3m investment.
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CMA blocks Footasylum deal as Cowgill slams decision

JD Sports has been told to sell Footasylum after the CMA found that the £90m deal – which completed last year – would leave shoppers worse off. Chairman Peter Cowgill has slammed the decision, which he said had relied on an "inaccurate and outdated analysis of the UK sports retail competitive landscape".
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Construction services firm secures CBILS funding

A Hertfordshire business which specialises in construction, building maintenance and facilities management services has secured funding from Barclays.
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Historic royal shoe maker secures funding boost

A historic Northampton footwear manufacturer and exporter, which provides shoes for Prince Charles, has secured a funding boost to help it through the Covid-19 pandemic.
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Business

BGF ‘can and will do more’ after “strong year”

The chief executive of BGF has hailed a "strong year" for the investor and vowed to continue supporting companies seeking capital through the pandemic and beyond.
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Ocado Retail revenue surges in Q2

Revenue in the second quarter of Ocado Retail's financial year is up more than 40 per cent compared to 12 months ago due to a surge in demand in response to the Covid-19 pandemic.
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Virgin Atlantic to slash 3,150 jobs amid Covid-19 crisis

Virgin Atlantic has revealed plans to pull out of London Gatwick Airport, carry out a major rebrand and close a chunk of its retail stores as part of its plans to "reshape and resize the business" in response to the coronavirus pandemic. The process is expected to impact more than 3,000 jobs.
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New car market plummeted 97 per cent in April

New UK car registrations plummeted 97.3 per cent in April because of the Covid-19 pandemic, new figures have revealed.
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Property

Major road scheme opens ahead of schedule

A major road project on the A14 in Cambridgeshire has opened to traffic eight months ahead of schedule.
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Retail parks deal worth £400m collapses

Hammerson has moved to terminate a £400m deal to sell nine retail parks after the buyer did not complete the transaction on the agreed date.
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LondonMetric’s placing raises £120m

Property investor LondonMetric has completed a share placing, raising £20m more than its original target.
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