Today's East Midlands business news from Insider |
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East Midlands
Thursday 30 July 2020

Latest News

Top Story

Turnover milestone as profits surge at fit-out speicalist

Turnover at the business behind a Leicester interior fit-out specialist passed the £50m mark and pre-tax profits more than doubled during its latest financial year.
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Insider Feature
Feature 1

Business Matters: Help us put the Midlands at the forefront of the energy from waste industry

As the world's population rises, the demand for energy is also growing significantly. At the same time, the issue of managing the waste caused by the population increase urgently needs to be addressed. Professor Martin Freer, director of the Energy Research Accelerator, explores the issues and the possible solutions.
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Deals

Sports clubs memorabilia maker reveals six-figure boost

A six-figure loan which helped a Leicestershire manufacturer that supplies scarves, hats and memorabilia to the likes of Manchester United, Juventus and Barcelona return to full operations following the Covid-19 lockdown has been revealed.
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BGF invests almost £180m in first half

BGF has backed 24 new companies in the first half of 2020 with a total investment of almost £180m.
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UK recruitment M&A down by half - BDO

Transaction volumes in the UK recruitment industry fell by half in the first six months of 2020, according to new data.
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Deal completes for fire detection and life safety firm

A Leicester company which specialises in the design, installation, supply, servicing and commissioning of fire detection and life safety systems has been acquired.
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Six-figure boost for construction tech firm

A Corby-based construction technology company has received a £600,000 funding boost.
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Hastings confirms approach from consortium

Insurance company Hastings has received an approach from Sampo Oyj and Rand Merchant Investment (RMI) Holdings about a possible cash offer for the shares in the business the pair do not already own or control.
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Business

Belvoir’s board “confident” of hitting pre-pandemic expectations

AIM-listed lettings group Belvoir, which is headquartered in Lincolnshire, has said its board is "confident" of meeting its pre-Covid financial expectations for 2020.
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Half-year loss and sales dip expected at listed utilities supplier

Nottingham-headquartered listed utilities supplier Yü Group is expected to report an EBITDA loss of about £2m for the first half of its financial year, while its revenue is also set to be down because of the Covid-19 pandemic.
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£500m domestic film and TV initiative launched

A £500m scheme designed to kick-start domestic film and TV productions struggling to get coronavirus-related insurance has launched.
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Aldi outlines plans to create almost 4,000 jobs

Aldi has outlined plans to create nearly 4,000 new jobs across the UK this year.
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Co-operative Bank losses widen but CEO remains upbeat

Underlying losses have significantly widened at the Co-operative Bank but chief executive Andrew Bester has hailed the resilience of the business as he looks to the months ahead.
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Property

Green light for job-creating landmark scheme

Almost 3,000 homes and more than 55 acres of business space are set to be created in Leicestershire after the plans were given the go-ahead.
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Vote set on new Leicester hotel plans

A vote is to be staged next week on whether to grant permission for a new hotel in Leicester.
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Student plans revealed for Derby site

An application to create a new student development in Derby has been lodged.
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Foxes to restart consultation on stadium expansion plans

Leicester City's chairman has said the Premier League club intends to restart their consultation on the expansion of the King Power Stadium by the end of the year.
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Decision due on police station transformation bid

A decision is to be made next week on proposals to transform a former police station in Leicester, which dates back to the turn of the 19th century, into a hotel.
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Starbucks scheme moves forward after deals signed

A site in Nottingham for a drive-thru Starbucks coffee shop has been acquired and a forward funding deal agreed.
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Historic city centre buildings tipped for student flats

Permission is being sought to convert the upper floors of two historic buildings in Derby city centre as part of a £2.1m project to create almost 30 student apartments.
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Manufacturing

Turnover surges as firm eyes further growth

Turnover surged to more than £100m at a Leicestershire-based material handling, logistics and warehouse automation company during its latest financial year. The business has also revealed that its results for its year to June 2021 will also be higher.
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SMEs call for more government support after pandemic hit

A new report has asked the government for further support if manufacturing SMEs in the Midlands are going to overcome the delay in volumes returning following the impact of Covid-19.
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UK car production almost halves

Car production in the UK almost halved in June compared to the same period in 2019 because of the Covid-19 pandemic.
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Other News

Harworth brings in well-known property industry name as CEO

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

Member Exclusive News

Work on new Lidl set to be completed

Construction work to build a new Lidl on the Northern Tower Retail Park in Retford is set to be complete in the coming months.
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