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Top story
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Rolls-Royce to launch £2.7bn Tognum bid
Derby-based Rolls-Royce has confirmed its entry into a joint venture to create a new company with Daimler, and confirmed the company’s intention to launch a public tender offer to purchase Tognum AG for €3.2bn (£2.7bn). The company formed between Rolls-Royce and Germany-based Daimler will be a 50:50 venture, and will offer €24 (£20) per share for Tognum shareholders.
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Deals
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Vitec lights up with Lastolite
The parent company of Coalville-based Lastolite has been sold for £9.75m. Lighting product provider Vitec has bought the entire share capital of Henry Holdings, which it says will complement the company’s existing lighting range.
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Property
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Derby set to unveil £100m Castleward developer
Derby City Council chief executive Adam Wilkinson will this morning reveal which developer has won the contract for the Castleward Urban Village scheme in the city. Wilkinson will use a special presentation at MIPIM to unveil the successful bidder for the £100m scheme, along with those projects which have secured funding from Derby City Council’s £10m regeneration fund.
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Business
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Final call for this year’s ‘42s’
Midlands Business Insider is still seeking nominations for its 2011 42 under 42 feature but the final deadline is looming. To be considered for this year’s feature, completed nomination forms will need to be back with us by Friday 25 March.
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Axe wielded over council budget
Nottingham City Council has agreed a budget cut of more than £33m. The council said it would now approach the government regarding how a similar settlement next year would detrimentally impact the region.
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New body aims to help schemes LEP ahead
Communities secretary Eric Pickles has announced plans to create a formal representative body for the new local enterprise partnerships (LEPs).
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Boots Opticians scores Sunday Times top spot
The optician division of Nottingham-based Boots has made the top spot in the Sunday Times Best Big Companies to work for list. The 2011 listing also awarded Alliance Boots 19th position.
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Fraser Brown solicitor becomes notary public
A corporate law solicitor at Nottingham-based Fraser Brown Solicitors has become the only female notary public practising in the city.
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Promote your business - Top Companies
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The Chinese economy is set to overtake the US as the world's largest within the next 15 years - but how can the UK compete? Sam Metcalf investigates.
