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North West manufacturers recover from worst of pandemic - but fears remain over no-deal Brexit and second lockdown
North West
The combination could cause further damage to investment prospects
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East Midlands manufacturers fear double-whammy of no-deal Brexit on top of Covid-19
Economy
“It is essential that the first step towards a fuller recovery is provided by a comprehensive trade agreement with the EU”
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North East business leader gives stark jobs warning over no-deal Brexit
Brexit
Warning from head of North East England Chamber of Commerce is echoed by other organisations
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Inspecs buys manufacturing arm of collapsed eyewear company Norville for £2.4million
Deals
The deal includes £1.2million of freehold property
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Administrators put properties owned by ex-Norton boss Stuart Garner on the market for £13m
property news
The portfolio includes Donington Hall and the Priest House Hotel
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Ex-Norton boss Stuart Garner responds after Pensions Ombudsman said he acted “dishonestly” and “recklessly”
Automotive
Pensions Ombudsman said Stuart Garner caused "exceptional level of distress and inconvenience" to investors
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Cash generation “worryingly low” for region's businesses, says survey
Economy
Analysis of UK businesses by BDO shows that firms in the north west converted just 2.3 per cent of the value of their sales into free cash flow
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South West factories plead for help as output and orders tumble
Coronavirus
Manufactures fear wave of redundancies is coming unless Government boosts firms' cashflow
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North West becomes UK's new fraud hotspot outside of London
North West
Fraudsters understood to be taking advantage of the Covid-19 pandemic - but figures are just 'tip of the iceberg'
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Students flats plan for former Leicester city centre office block gets the green light
property news
It will see Pannell House converted into 70 studio apartments
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North East city centre bosses warn on future of pubs, shops and bars
North East
Looming rent bills could kill off many companies unless gap in Government funding is closed, campaigners warn
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Norton Motorcycles bought by Indian bike making giant TVS Motor Company
Engineering
The historic UK bike maker has been bought out of administration
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Debenhams confirms administration for second time in 12 months
Retail & High Street
Department store chain has shut its 142 stores though it is still operating online
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First redundancies seen as hospitality sector closures bite
BDO
Jobcrentre Plus says workers are losing their jobs in bars, hotels and restaurants and there are fears for factory staff too
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Car retailer Pendragon posts big losses
Retail
In 2019 the company closed 22 underperforming Car Stores and says it is better managing used vehicle
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Coronavirus: SW factories see exports fall and supply chain freeze
South West
New report says manufacturers have suffered from impact of pandemic, but Bextis is causing problems too
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North East manufacturers urge action after slowdown in export orders
Economy
Make UK/BDO survey suggests problems in the manufacturing sector even before the impact of coronavirus
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North West businesses see international turnover increase by over three quarters
North West
Growth overseas is currently faster than in domestic markets
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Clumber Consultancy, which helps staff when their employer goes under, opens Leicestershire office
East Midlands
Consultancy has created a new base in Glenfield headed up by Paul Milton and Lisa Scott
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More details of Norton Motorcycles debts emerge
Insolvency and Administration
Revealed: Further details of the tens of thousands of pounds owed by Norton Motorcycles when it went into administration
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Adhesives manufacturer ITAC sold to PE backed HD Sharman
SMEs
Northern M&A team at BDO advised ITAC on its acquisition by gutter and roof refurbishment specialist, HD Sharman
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Production stops at Norton Motorcycles two weeks after administrators brought in
Insolvency and Administration
Future of the historic bike brand’s 70 staff remains uncertain whilst buyer is sought
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North west output falls to lowest level since July 2018 - but business confidence rises
BDO
BDO’s Output Index dropped 0.59 points to 95.8 amid “sluggish growth”, which it said was hindered by “residual political uncertainty”
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High Street bounces back in January with strongest growth in six years
Retail & High Street
The major categories of lifestyle, homeware and fashion all showed good growth in the BDO High Street Sales Tracker
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