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Central and East
Thursday 2 April 2020

Latest News

Top Story

Unsecured creditors of collapsed retailer owed £4.24m

The unsecured creditors of a toy and novelty gift retailer - which had been trading since the 1970s before its collapse earlier this year following a "challenging" Christmas - could be set to miss out on more than £4m.
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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

EY acquires R&D tax relief specialist

Professional services giant EY has acquired an R&D independent tax consultancy which specialises in supporting companies accessing R&D tax relief through the small to medium size enterprises (SME) scheme.
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Majority stake taken in paper and packaging distributor

A listed Japanese group has agreed to take a majority stake in a European paper and packaging distributor which employs more than 1,000 workers in the UK.
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Electrical engineering company acquired

Gel Engineering, a water treatment plant specialist, has acquired a complementary company in a deal assisted by Hazlewoods' corporate finance team.
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Business

Business secretary calls on banks to support crisis-hit firms

Business secretary Alok Sharma has said it is 'completely unacceptable' if banks are 'unfairly refusing funds to good companies in financial difficulties' amid criticism of the industry and concern about the ability of firms to survive the current shutdown in place to tackle the coronavirus. The Chancellor is set to come forward with additional measures to help small businesses trying to access support.
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Moorcrofts bolsters corporate team with new partner

Corporate and technology law firm Moorcrofts has appointed a new partner in its corporate team.
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Professional services firm launched

A new professional services firm has launched with 11 offices across the UK.
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Pair of associate promotions at Ashtons Legal

Ashtons Legal has appointed two new associates from within the firm.  
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Hotel Chocolat cancels interim dividend

Confectioner Hotel Chocolat has cancelled its proposed interim dividend.
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Business report sharp and significant fall in revenue - BCC

UK businesses have reported a sharp and significant fall in domestic and overseas revenue according to the British Chambers of Commerce's (BCC) first Covid-19 Business Impact Tracker.
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Cold storage firm directors to take salary cut

The executive directos of listed cold storage specialist Norish have agreed to take a 20 per cent salary cut for a three-month period to mitigate the financial impact of the coronavirus pandemic.
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Property

U+I agrees Harwell Campus stake sale

Regeneration developer U+I has exchanged on the sale of its holding in Harwell Campus – a science and technology campus in Oxfordshire – in a deal worth more than £40m.
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SME and start-up space launched in Yaxley

Twelve new industrial units have been launched as part of the the second phase of development at Eagle Business Park in Yaxley.
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Manufacturing

Oxford firms join forces to develop Covid-19 antigens

Two Oxford businesses have formed a strategic partnership to scale-up production of Covid-19 antigens to test for the disease in the wake of the coronavirus pandemic.
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