Today's East Midlands business news from Insider |
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East Midlands
Wednesday 30 September 2020

Latest News

Top Story

Turnover fizzes at group behind alcopops giant

Turnover at the Derbyshire company which owns the likes of VK and Hooch as well as two hotels and an apartment development passed the £60m mark during its latest financial year, new figures have confirmed.
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Insider Feature
Feature 1

Ask the expert: 2021 and beyond - A wave of M&A litigation?

Nick Wells, head of commercial dispute resolution at East Midlands law firm Flint Bishop and specialist in M&A transaction disputes, talks about the likely rise in litigation in 2021 following the Covid-19 pandemic.
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Deals

Biotech firm’s funding round closed

A biotechnology company has closed its pre-seed funding round with the aid of Nottingham-based BioCity.
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Automotive tech firm snapped up

A Nottingham-headquartered automotive technology specialist has been acquired.
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Historic manufacture secures funding boost

A Leicester manufacturer and supplier of healthcare, hospitality and school sportswear clothing and uniforms, which was established in 1906, has secured a finance facility from HSBC UK.
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Sumo Group agrees $99.5m US acquisition

Listed video game developer Sumo Group, which has a Nottingham office, has agreed to acquire a US studio in a deal worth up to $99.5m (£77.5m).
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Agreement reached on £2.9bn William Hill takeover

The board of William Hill has reached an agreement on the terms of a takeover offer by US casino operator Caesars Entertainment.
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Ardonagh to divest Bennetts after CMA concerns

Ardonagh has confirmed its plans to divest Bennetts Motorcycling Services to address competition concerns in a move it said would "effectively reverse the deal".
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Business

“Modest” profits eyed by Topps Tiles as revenue fall expected

The board of Leicester-headquartered Topps Tiles is confident that the listed group will generate a "modest level" of adjusted pre-tax profit for its latest financial year. Its revenue is also expected to fall by almost £30m.
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Half-year revenue fall for Yü Group

Revenue dropped by more than £10m at Nottingham-headquartered listed utilities supplier Yü Group during the first half of its current financial year, new figures have confirmed.
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PE-backed firm joins £600m framework

A private equity-backed cloud services provider based in Nottinghamshire has been appointed to a £600m government framework.
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Law firm hires Freeths partner

A Derby-headquartered law firm has hired a new partner from Freeths LLP.
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Seafood importer issues no deal Brexit warning

A fish, meat and poultry importer has said the biggest threat to the business would be the UK leaving the EU without a deal at the end of 2020.
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Business confidence up across the Midlands

Business confidence in the Midlands rose during September, according to new figures.
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B&M boosted by strong half-year

B&M has been boosted by strong half-year revenue and profit growth, and outlined plans to open a host of stores.
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Northbridge enters the red as Covid-19 bites

Burton-upon-Trent-based Northbridge Industrial Services slumped into the red during the first half of its financial year, new figures have confirmed. Chief executive Eric Hook said the business' performance was resilient.
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Property

Green light tipped for up to 1,800 homes

A long-running plan to construct up to 1,800 homes in Nottinghamshire has been recommended for approval.
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Go-ahead recommended for 81 new properties

A proposal for 81 new homes in Nottinghamshire has been tipped for the go-ahead.
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Houses earmarked for allotments site

Allotments in a Leicestershire town will be converted into more than 70 homes if the plan is approved next week.
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Town centre redevelopment scheme handed £1m boost

The government has given £1m to help ready a former M&S building in Northampton town centre to be knocked down ready for development.
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Funding boost to start work on training centre

A local enterprise partnership has provided £670,000 to help work start on a new automation and robotics training centre in Nottinghamshire.
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Care home deal completed

A Leicester care home has been sold for an undisclosed sum.
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PRS REIT secures additional £50m of debt facilities

The PRS REIT has secured an additional £50m of development debt facilities with Barclays Bank.
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Manufacturing

Hospital bed maker hails “significant progress”

A Derbyshire-headquartered hospital beds maker and manager has hailed its latest financial year as one of "significant progress" for the company.
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Pandemic hits insultation products maker’s trading

The Covid-19 pandemic has resulted in "lower than expected" trading levels at a Derbyshire-based manufacturer of insulation products.
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Other News

Midlands Top 500 Companies Database - contact the region’s top decision makers

Member Exclusive News

Boutique bowling operator strikes Leicester deal

An independent boutique bowling operator has said it will open its new Leicester site "imminently".
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Services & Guides

Corporate Finance Directory

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

Best Places to Stay

The region's top hotels and accommodation.
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