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Top story
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Molecular Profiles to expand after RGF cash injection
Nottingham’s Molecular Profiles has told Insider it has been awarded £1.6m under the first round of the government’s Regional Growth Fund (RGF). The pharmaceutical research organisation has been granted the cash to build a new 30,000 sq ft facility at its Nottingham Business Park base, said chief executive Nick Patel. The company is the only one in the East Midlands to have been awarded any funding from the RGF.
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Deals
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B2net stake sold in £12m Swedish deal
Swedish business Proact IT Group has acquired 75 per cent of Chesterfield-based data storage business B2net in a £12m deal. Proact said the agreement included an option for it to buy the remaining 25 per cent currently held by B2net management.
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Property
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Westgate stores snapped up in £7.5m deal
Westgate Department Stores, which has operations across the East Midlands, has been sold by Anglia Co-operative Society for £7.5m to department store operator JE Beale. As a result of the deal, Beales will operate from 19 of the 23 stores in the Westgate group. The deal was advised by Grant Thornton's East Midlands team.
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Business
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Peace named as high sheriff of Notts
The chairman of Experian has been named as the high sheriff of Nottinghamshire. John Peace will take on the role for the next 12 months.
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Optimism falls among CFOs
Optimism amid chief financial officers has fallen to its lowest level in two years, according to a survey by Deloitte. But the survey of CFOs found that risk appetite has risen sharply and leverage is coming back into favour.
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New Entrepreneur of the Year Hayled
David Hayle, managing director of the PJD Group, has been named the 2011 'Entrepreneur of the Year'. Hayle was presented with the accolade at the Leicestershire Business Awards.
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Banking reform is needed
Reform in UK banking is needed, according to an interim report from the Independent Commission on Banking.
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Morecrofts signs HQ contract
Derby-based Morecrofts has won a contract to handle the electrical, mechanical, air conditioning and plumbing services of the new Software AG headquarters in Pride Park.
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Community
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In Focus: The swinging sixties
Do we really want to work past the age of 65? Maybe not but, as Sam Metcalf discovers, UK businesses might see things very differently.
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Talking Point: Plan ahead to avoid delivery disasters
Chris Hutchins, director at Brett & Randall, warns that haulier's insurance might not always cover you in case of delivery problems.
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Digby Jones - Fixing Britain reviewed
Digby Jones is a proud tub thumper for Britain. Michael Taylor wonders if his new book is a voice in the wilderness, or a wake up call that will be heeded.
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