Today's South East business news from Insider |
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South East
Thursday 7 May 2020

Latest News

Top Story

Virgin Media and O2 in ‘game changing’ merger

Broadband network Virgin Media is to merge with O2 after their owners agreed a joint venture which values the businesses at £18.7bn and £12.7bn respectively, creating a 'game changer with the financial strength to invest in UK digital infrastructure'.
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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

Costain to raise £100m in placing

Maidenhead-headquartered technology-based construction and engineering company Costain is to raise £100m in a share placing.
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IGF backs fire protection firm

An insulation and fire protection specialist has secured a £1.5m working capital package from Independent Growth Finance (IGF).
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Bounce Back Loans initiative approves £2bn worth of applications

The Bounce Back Loans scheme has approved more than 69,000 applications worth about £2bn during its first 24 hours.
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New lenders approved for emergency loan scheme

The British Business Bank has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Revenues up and losses narrow at newly acquired Kettle Foods

Revenues have nudged up and operating losses have narrowed at the snack company behind Kettle Chips and Metcalfe's Skinny Popcorn, recently filed accounts have revealed. News of the results comes eight months after Valeo agreed to buy the business for about £66m.
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Debenhams set to ‘close another five stores’

Debenams is reportedly set to permanently close another five stores once lockdown is over.
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New partner at Shoosmiths

Shoosmiths has boosted its national real estate team with the hire of a new partner that will operate out of the firm's Solent office.
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Property

Construction industry needs government green light – FMB

The construction industry needs a green light from the government to ensure that sites can be re-opened safely, according to the Federation of Master Builders (FMB).
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Manufacturing

Müller’s sales surge during lockdown

Yogurt brand Müller has reported a surge in sales throughout March and April compared to the first two months of the year.
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