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Top story
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Barratt paves path to profit
Barratt Developments is on track to deliver "a substantial improvement in operating profit" in its annual results, it said this morning. The Coalville-based housebuilder said average selling prices had increased by 4 per cent for the first quarter of the year. It also agreed a debt refinancing package, which provides about £1bn of facilities, until May 2015.

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Deals
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Santander secures £150m business fund
Santander has secured £150m in its third round of funding from the European Investment Bank (EIB). Santander said the money would be used to provide discounted loans to qualifying businesses.

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Property
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Lack of land will lead to housing shortage - Savills
There will be a shortfall of 1.1 million homes in England by 2016 if more sites do not become available for building. That's according to property agent Savills, which has offices in Nottingham and Lincoln.

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M&S signs up in Glossop
Peveril Securities, Real Estate Development Partnerships and RED Property Services have secured M&S Simply Food as the retail anchor at the 140,000 sq ft mixed-use scheme at Howard Town Mill, Glossop.

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Heb brings Central Park offices to market
Nottingham-based chartered surveyor Heb said it is looking to bring a major employer to the city to take up a fully-fitted call centre.

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Business
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Promotions drive at Browne Jacobson
Browne Jacobson has made nine promotions within its Nottingham team. The law firm has also named five of its lawyers as partners across its three offices.

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International trade charter launched
The government has set out a plan which aims to help British companies wanting to trade internationally.

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Cooper Parry introduces new partners
East Midlands business advisory service Cooper Parry has promoted two of its directors to partners.

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Community
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Talking Point: Keeping it in the family

Smith Cooper’s Chris Taylor guides us through the tax implications of succession planning for family businesses.

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