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Top story
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99p Stores to swoop for empty Focus sites
Budget retailer 99p Stores has told Insider it is looking to "seize an opportunity" by taking up empty units left by DIY chain Focus, which entered administration last week. The Northampton-based company's co-founder and commercial director Hussein Lalani said: "I see that 160 shopping centres across the country have lost their anchor tenant, and I want to be the retailer to fill those stores."
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Deals
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Derby engineer banks on China deal
SCITEK Consultants, based in Derby, has won an engineering contract from China. The contract win, which will create four jobs, was secured after the company obtained financial backing from NatWest.
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Property
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Deadline extended for property award nominations
The deadline to submit your nominations for the East Midlands Property Awards Dinner has been extended until tomorrow, Friday 13 May. There are ten award categories for the event, which will take place in September.
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Derby hosts 'mini MIPIM'
Hundreds of Derby businesses met at the city's Pride Park Stadium to assess the prospects of the year ahead for the property market. The city's 'mini MIPIM' event included exhibitions and seminars.
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Business
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Directors vote Lloyds top bank
Lloyds Bank Corporate Markets has been named Bank of the Year at the Real FD/CBI Excellence Awards. It is the seventh consecutive win for the bank.
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Royal wedding clock set for Abu Dhabi display
A clock created by two Derby companies to commemorate the royal wedding is to be showcased in Abu Dhabi. The timepiece, produced by Smith of Derby and Royal Crown Derby, is thought to be one of the world's most expensive pieces of memorabilia from last month's event.
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Cheesy deal for MCE Engineering
A Derby engineering business is looking to profit from America’s growing appetite for speciality cheese after forming a partnership with a producer in Vermont. MCE Engineering will supply machinery to the Vermont Farmstead Cheese Company in its first transatlantic order.
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Bank of England cuts growth forecast
The Bank of England has cut its growth forecast for the UK. The Bank warned that government cuts and the squeeze on household incomes will continue to affect the economy while inflation is expected to rise to 5 per cent.
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Government considers employment rules reform
The government is set to review employment laws as it aims to reduce the level of red tape faced by businesses.
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