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Top story
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New E.ON offices sold for £30m
Power giant E.ON’s new Nottingham city centre office building has been sold to a Leicester-based property investment group, just weeks after construction started. Charles Street Buildings has bought the 105,000 sq ft development for about £30m.
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Deals
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New future painted for PMS
Programmed Maintenance Services (PMS), based in Nottingham, has been bought by a rival group for an undisclosed sum. The industrial painting contractor was acquired from its Australian parent company.
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Stehlin makes its mark with £3.5m finance deal
Nottingham-based Stehlin Hostag Ink has completed a £3.5m refinancing deal with Leumi ABL. The company, which distributes inks and varnishes, received an invoice discounting facility from the bank.
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Acquisitions are on the up, says Grant Thornton
More than a third of privately held businesses (PHBs) in the United Kingdom are planning to grow via acquisitions, according to Grant Thornton's latest international business report.
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Property
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St Modwen signs up Balfour Beatty
Birmingham-based developer St Modwen has secured a 25,000 sq ft letting to Balfour Beatty Utility Solutions at its Hilton Business Park site in Derby.
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Suzie Blue moves into Old Dalby
Property investor Highcross has let a unit at its Melton Mowbray business park to wholesale jewellery business Suzie Blue. The jeweller has signed a lease on 4,000 sq ft of space in the Old Dalby Business Park.
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Business
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Sales up at Pendragon
Revenue and pre-tax profit are up at automotive group Pendragon. The Nottingham-based retailer said that profit before tax had shot up almost tenfold to £11m in its full year results which were released this morning.
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Private businesses wary of public sector workers
Many private companies do not think that former public sector workers are equipped to join their business, according to a survey by Barclays Corporate and the Financial Times.
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Students aim for Chinese market
More than 30 young East Midland entrepreneurs have created and pitched new products aimed at Chinese teenagers at an event held by UK Trade and Investment (UKTI).
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When the economy recovers, you’ll be in a different marketplace, says Andy Sellers, managing director of Sellers & Rogers. Time to take stock?
