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Top story
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Buyer sought to save FW Mason & Sons
Nottingham timber company FW Mason & Sons has gone into administration. The family company, which has been established for more than 80 years, is now under the stewardship of Andy Wood and Christopher White of The P&A Partnership, who have been appointed joint administrators of the Colwick firm. They are keeping the business going and are on the hunt for a buyer.
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Deals
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Lifestyle Living acquires again
Lincolnshire holiday and residential park owner Lifestyle Living Group has acquired Little Eden Country Park in Bridlington. The site was bought for £700,000.
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AIM capital soars to £1.45bn, says Grant Thornton
AIM has experienced a significant increase in capital raised by companies this year while initial public offerings have stalled, according to Grant Thornton.
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Property
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Alumasc in £1.2m land sale
Alumasc has netted £1.2m with the disposal of surplus land. The land, near its head office in Kettering, has been sold for residential development.
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Business
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Alliance Boots chief announces shock exit
The chief executive of Nottingham-based Alliance Boots has left his position with immediate effect. Andy Hornby made the surprise announcement after less than two years in the role.
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Budget is good for East Midlands, say businesses
None of the East Midlands businesses which attended a Budget Briefing thought that this year’s Budget was ‘bad’ for business. Sixty-seven per cent of attendees at Grant Thorton’s event said the proposals outlined by the Chancellor were ‘good’ for their company.
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Smith Cooper to sponsor Midlands Family Business Awards
Midlands’ accountancy firm and business adviser Smith Cooper has been announced as the headline title sponsor of this year’s Midlands Family Business Awards. Insider is the media partner of the event.
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Hong Kong trade increases among East Mids businesses
Trade and investment minister Lord Green is urging East Midlands businesses to take advantage of trading opportunities in Hong Kong. UK Trade and Investment said the region had increased exports to the province by more than £50m over the last three years.
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Community
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Talking Point: Catastrophe in Japan
The affects of the catastrophic earthquake and tsunami in Japan are slowly beginning to impact on businesses in the East Midlands, says Sally Swann, managing director of Towergate Risk Solutions Nottingham.
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In Focus: Twist in the retail
Sam Metcalf casts his eye over Nottingham's retail offer following the confirmation of a £500m upgrade to the Broadmarsh shopping centre.
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