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Insider News - East Midlands Edition
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Acquisition trio boosts Staffline results

Recruitment giant Staffline has revealed a revenue jump of 79 per cent in its preliminary year-end results after acquiring three businesses in the last 12 months. The Nottingham-based company said that sales leapt from £115m in 2009 to £206.2m for the year ending 31 December 2010. Group operating profit also soared 110 per cent to £7.8m. The company said that going forward, opportunities for expansion and growth would be sought.

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Deals

East Midlands Airport owner eyes acquisitions

Manchester Airports Group (MAG), the owner of East Midlands Airport, has signalled its intention to make acquisitions following the ruling that BAA will likely have to sell Stansted and either Glasgow or Edinburgh Airports. Speaking to Insider, group chief executive Charles Cornish - who took over the reins at MAG last October, said: "We will almost certainly be interested; presuming they become available we’ll look at getting a vehicle together to buy one of them."

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Property

Final Green Street houses hit the market

The last nine houses at Blueprint's Green Street development in Nottingham are to be released for sale on 4 March, it has been revealed. The agent behind the "eco development" said it is open to receive any registrations of interest from now.

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Homes plan for royal lodge

A housing development is to be built on the grounds of a former Leicestershire hunting lodge which has links to Edward VIII. Eight "luxury" homes are to be constructed at Craven Lodge, where the former king enjoyed time with lover Wallis Simpson.

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Housebuilding projects on the rise - NHBC

Housebuilding levels improved during December with an 18 per cent year-on-year jump in the number of private homes developers plan to build. The figures, released by the National House-Building Council (NHBC), revealed 7,385 were built in December 2010 - up on the 7,149 total in December 2009.

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Business

1,042 jobs lost as Auto Windscreens closes

Chesterfield-headquartered Auto Windscreens is to close after liquidators were unable to sell the business. Almost 1,100 employees have been made redundant.

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Far Eastern radio deal completes

Derby-based radio communications specialist Team Simoco has completed an Indonesian contract. It supplied a mobile radio system for a liquid natural gas plant in the Far Eastern country.

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Insurance man David Brett dies

David Brett, known for his links to the East Midlands insurance industry, has died aged 64. Brett, who co-founded Leicester-based Brett & Randall in 1982, died at his home in Bingham, Nottinghamshire.

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Economic decline worse than first thought - ONS

The economy declined by a bigger margin during the final three months of 2010 than first expected, figures from the Office for National Statistics have revealed.

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Boost your client base – Request a free Insider Membership Pack

Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.

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Community

Talking Point: Opportunity knocks for Nottingham

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Ken Nettleship, inward investment project manager at Invest in Nottingham, believes the Nottingham Commercial Office Market Review could be a vital milestone in a collaborative approach to promoting the city.

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In Focus: The same, but different

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Why did RSM Tenon and Travis Perkins manage to perform so well while so many others are suffering, asks Sam Metcalf. The detail could be in the deals.

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