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East Midlands

The latest business news from the East Midlands – covering Leicester, Nottingham, Derby, Lincoln, Loughborough, Rutland and Newark.

The region's biggest employers include Next, Rolls-Royce, Bombardier, Boots, Caterpillar, Barratt, Toyota, Leicester City FC, East Midlands Airport and Triumph Motorcycles.

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Back-to-school demand helps Shoe Zone profits march ahead
East MidlandsThe Leicester-based retailer said pre-tax profits jumped to £16.2 million for the year
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Exclusive: New Poundstretcher CEO Tristan Phillips on taking ex-Wilko stores and getting its shops spot-on
Retail & High Street
New boss said owner Aziz Tayub ‘feels it’s the right time for someone to step up and feels I’m the right person”
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Topps Tiles takes 20% market share two years ahead of schedule
Retail
Record revenues, helped by higher sales prices, though total area of tiles sold is down 5%
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Ex-Wilko chair apologises for lost jobs and says disastrous Liz Truss mini-budget contributed to collapse
Retail & High Street
Lisa Wilkinson, 'I am devastated that we have let each and every one of those people down with the insolvency of Wilko'
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Rolls-Royce could sell off electric plane division under plans to cut £400m-£500m in costs
Aerospace
Business, which already plans up to 2,500 jobs cuts, would like to grow profits from £837m to £2.8bn
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Almost 10,000 ex-Wilko staff have been paid £42m by Insolvency Service since retailer went under
Insolvency and Administration
Discount chain with 400 stores and 12,500 workers went into administration in August
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£400-to-£500m Newark A46 bypass upgrade would ease hold-ups and cut accidents, says Midlands Connect
Transport
Report suggests busy bypass is not fit for purpose, suffering regular congestion and safety issues
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FashionWorld's biggest luxury watch retailer Watches of Switzerland plans to double sales and profitsUS growth is key while UK expansion will include first De Beers boutique outside of London
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East Midlands Movers and Shakers: Lamp, Matthew Montague Architects, Topps Tiles, Label Apeel, MTMS, Shakespeare Martineau, Marketing Nottingham and Nottinghamshire
Appointments
Changes include Megan Powell Vreeswijk becoming CEO of Marketing Nottingham and Nottinghamshire
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McCain Foods fined £700k after East Mids worker had to have fingers amputated following accident
Food and Drink
Tom Matthews, from Grantham, had part of his left index and middle finger amputated after the accident
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Boots strikes £4.8bn pension deal with Legal & General
Retail & High Street
Companies say deal affecting 53,000 members is biggest of its kind
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Architect and design practice rg+p honours founder Richard Galey with bursary scheme and sculpture
Architecture
Richard Galey, who died at his home in Spain in March 2022, founded rg+p as Galey + Partners in 1979
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Severn Trent says rising costs have hit profits
Severn Trent
Company has 4.6m customers across central and south-west England and mid-Wales
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Octopus Energy takes 47,000 sq ft Hinckley warehouse
Energy
Site will provide storage and distribution facilities for customer heat pumps and solar panels
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Bus company trentbarton rewards engineers with pay rise
Employment
Qualified engineers at trentbarton’s East Midlands depots have received at least a 20 per cent pay rise
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Autumn Statement: East Midlands Investment Zone could bring £383m in private investment and create 4,200 jobs
The Budget
Rolls Royce and Laing O’Rourke to anchor employment zone focussing on green tech and advanced manufacturing
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In Capri: Boutique beachwear brand prides itself on using recycled materials and never puts surplus stock in the bin
Fashion
Isabell Alexander owns a stylish swimwear brand with a commitment to end-to-end sustainability
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800 businesses and 2,000 people take part in 2023 Leicester Business Festival
Marketing
Organisers say it is biggest business event in region and one of the biggest business festivals in Britain
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Government urged to fund new Elizabeth line trains in bid to save 100s of Alstom jobs
Employment
Alstom is consulting on potential redundancies at the UK’s largest rail assembly factory in Derby
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Derby gets green light for more flood defences, with riverside office blocks in Stuart Street set to be demolished
Environment
Scheme will enable area behind the new defences to be regenerated for homes and businesses
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Enterprise

East MidlandsBack-to-school demand helps Shoe Zone profits march aheadThe Leicester-based retailer said pre-tax profits jumped to £16.2 million for the year
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Plant tyre specialist C&S Tyres (UK) acquired by national group Tyrefix
Deals
Deal is Tyrefix's second following Literacy Capital investment
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East Midlands Movers and Shakers: Lamp, Matthew Montague Architects, Topps Tiles, Label Apeel, MTMS, Shakespeare Martineau, Marketing Nottingham and Nottinghamshire
Appointments
Changes include Megan Powell Vreeswijk becoming CEO of Marketing Nottingham and Nottinghamshire
Bookmark
Autumn Statement: East Midlands Investment Zone could bring £383m in private investment and create 4,200 jobs
The Budget
Rolls Royce and Laing O’Rourke to anchor employment zone focussing on green tech and advanced manufacturing
Bookmark
In Capri: Boutique beachwear brand prides itself on using recycled materials and never puts surplus stock in the bin
Fashion
Isabelle Alexander owns a stylish swimwear brand with a commitment to end-to-end sustainability
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Retail & Consumer

BoohooBoohoo considers closing its controversial Leicester factoryGroup says less than 100 employees will be affected
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Revolution Bars announces closure of eight sites
Food and Drink
Bars in cities including Liverpool, Sheffield and Southampton to close
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Exclusive: New Poundstretcher CEO Tristan Phillips on taking ex-Wilko stores and getting its shops spot-on
Retail & High Street
New boss said owner Aziz Tayub ‘feels it’s the right time for someone to step up and feels I’m the right person”
Bookmark
Topps Tiles takes 20% market share two years ahead of schedule
Retail
Record revenues, helped by higher sales prices, though total area of tiles sold is down 5%
Bookmark
Ex-Wilko chair apologises for lost jobs and says disastrous Liz Truss mini-budget contributed to chain's collapse
Retail & High Street
Lisa Wilkinson, 'I am devastated that we have let each and every one of those people down with the insolvency of Wilko'
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Professional Services

AppointmentsEast Midlands Movers and Shakers: Lamp, Matthew Montague Architects, Topps Tiles, Label Apeel, MTMS, Shakespeare Martineau, Marketing Nottingham and NottinghamshireChanges include Megan Powell Vreeswijk becoming CEO of Marketing Nottingham and Nottinghamshire
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Architect and design practice rg+p honours founder Richard Galey with bursary scheme and sculpture
Architecture
Richard Galey, who died at his home in Spain in March 2022, founded rg+p as Galey + Partners in 1979
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800 businesses and 2,000 people take part in 2023 Leicester Business Festival
Marketing
Organisers say it is biggest business event in region and one of the biggest business festivals in Britain
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Growing PR agency 1284 wins its third public relations industry prize in a year
Marketing
1284 was launched three years ago by ex-Leicester Mercury editor George Oliver
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Shareholders to hear if Severn Trent plans investment
Company Results
Severn Trent has been told it can also charge customers more because it has improved performance
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Tech

AerospaceRolls-Royce could sell off electric plane division under plans to cut £4-500m in costsBusiness, which already plans up to 2,500 jobs cuts, would like to grow profits from £837m to £2.8bn
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Latest East Midlands Movers and Shakers: Flint Bishop, Notts LGBT+ Network, Adey Steel, GSSArchitecture, Pinelog, Knights, David Wilson and Lemon & Lime
Appointments
Changes include ex-Freeths partner Jon Jefferies joining the commercial litigation team at Flint Bishop
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F1 parts supplier motors ahead with £3.25m funding
Automotive
K.S. Composites is also a key supplier to supercar manufacturers and to luxury hotels and super yachts
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NG finds offices for fast-growing business support specialists Creative Business Solutions
Offices
CBS offers website and app development, creative design, digital marketing, virtual office services and other support
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East Midlands people: Freeths, Finch Consulting, Nelsons, Simoco, Loughborough University, Wattbike & UK Industrial Fusion Solutions
Appointments
Movers and shakers include UBS chairman Colm Kelleher becoming visiting professor at Loughborough Business School
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Commercial Property

Retail & High StreetExclusive: New Poundstretcher CEO Tristan Phillips on taking ex-Wilko stores and getting its shops spot-onNew boss said owner Aziz Tayub ‘feels it’s the right time for someone to step up and feels I’m the right person”
Bookmark
Topps Tiles takes 20% market share two years ahead of schedule
Retail
Record revenues, helped by higher sales prices, though total area of tiles sold is down 5%
Bookmark
East Midlands Movers and Shakers: Lamp, Matthew Montague Architects, Topps Tiles, Label Apeel, MTMS, Shakespeare Martineau, Marketing Nottingham and Nottinghamshire
Appointments
Changes include Megan Powell Vreeswijk becoming CEO of Marketing Nottingham and Nottinghamshire
Bookmark
Architect and design practice rg+p honours founder Richard Galey with bursary scheme and sculpture
Architecture
Richard Galey, who died at his home in Spain in March 2022, founded rg+p as Galey + Partners in 1979
Bookmark
Octopus Energy takes 47,000 sq ft Hinckley warehouse
Energy
Site will provide storage and distribution facilities for customer heat pumps and solar panels
Bookmark

Manufacturing

Climate AgendaGlass recycler Recresco acquired by European giant BA Glass Group and aims for international growthCompany has sites in South Wales and Cheshire
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Rolls-Royce welcomes trilateral GCAP treaty
Aerospace
The aerospace giant, which has UK bases in Bristol and Derby said this is important for its South West site
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Concrete nanotech firm Concretene signs development deal in 'significant step' that could take graphene blend global
Manufacturing
Manchester firm win s£1.2m in Government backing for a project further testing the technology
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Welsh pet food company Burns Pet Nutrition acquired in multi-million-pound deal
Deals
The family-owned business based in Kidwelly has been acquired by Assisi Pet Car
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Rolls-Royce could sell off electric plane division under plans to cut £4-500m in costs
Aerospace
Business, which already plans up to 2,500 jobs cuts, would like to grow profits from £837m to £2.8bn
Bookmark

Economic Development

RetailTopps Tiles takes 20% market share two years ahead of scheduleRecord revenues, helped by higher sales prices, though total area of tiles sold is down 5%
Bookmark
Rolls-Royce could sell off electric plane division under plans to cut £4-500m in costs
Aerospace
Business, which already plans up to 2,500 jobs cuts, would like to grow profits from £837m to £2.8bn
Bookmark
£400-to-£500m Newark A46 bypass upgrade would ease hold-ups and cut accidents, says Midlands Connect
Transport
Report suggests busy bypass is not fit for purpose, suffering regular congestion and safety issues
Bookmark
Architect and design practice rg+p honours founder Richard Galey with bursary scheme and sculpture
Architecture
Richard Galey, who died at his home in Spain in March 2022, founded rg+p as Galey + Partners in 1979
Bookmark
Autumn Statement: East Midlands Investment Zone could bring £383m in private investment and create 4,200 jobs
The Budget
Rolls Royce and Laing O’Rourke to anchor employment zone focussing on green tech and advanced manufacturing
Bookmark

Opinion

TechnologyOpinion: The robots aren’t taking over – but AI could support business growthLoughborough university marketing expert Rachael Mabe provides a simple guide to what AI actually is
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Opinion: Social media specialist Estelle Keeber gives her verdict on whether Threads will be a hit or a miss
Marketing
‘Twitter has lost a lot of its followers due to technical issues and the spreading of hate speech’
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Opinion: Chris Hobson of East Midlands Chamber says the green shoots of recovery are finally poking through
Economy
'Sales are steadily growing, cashflow is improving and price pressures continue their gradual drop-off'
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Opinion – International Women’s Day 2023: East Midlands Chamber Enterprising Women co-chairs Jean Mountain and Eileen Perry MBE on equality and equity in businesses
Enterprise
'It’s a good opportunity to consider what an equitable workplace looks like for women'
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Opinion – Liz Truss must do more to help hospitality business facing dire winter
Energy
'Prime minister must provide equally strong support for consumers to ensure there is more money in people’s pockets'
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