News

DUNELM SEES PROFITS DROP AS INFLATION CONTINUES

Profits at Leicestershire headquartered homewares giant Dunelm dropped by a sixth in the second half of last year, partly due to inflationary pressures. The business reported pre-tax profits of £117.4 million for the half year, down from £140.8 million a year before. That came despite its sales rising 5 per cent to £835 for the […]

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AFBE-UK STRENGTHENS LEADERSHIP TEAM WITH KEY APPOINTMENTS

Dr Ollie Folayan MBE (L) and Dr Roy Bitrus (R), co-chairs of AFBE-UK Scotland Diversity and inclusion organisation AFBE-UK has appointed two new co-chairs. Dr Awai Collins-Harrison becomes AFBE-UK England’s co-chair alongside national chair, Dr Nike Folayan, while Dr Roy Bitrus becomes AFBE-UK Scotland’s co-chair alongside chair, Dr Ollie Folayan.  AFBE-UK supports young people, particularly

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SHOPPING CENTRE HIRES NEW MANAGER TO OVERSEE DEVELOPMENT

Five Valleys shopping centre in Gloucestershire has appointed a new manager to oversee its final phases of redevelopment. Jack Simpson (pictured above) will head up the operations team at the complex in Stroud town centre, which developer Dransfield Properties has invested £30 million in regenerating. Cheltenham-based Mr Simpson, who has eight years experience of managing

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SCOTTISH HOSPITALITY SECTOR RESPONDS TO NEW GOVERNMENT RULES

The Scottish Government has announced that hospitality businesses will be able to place tables and chairs outside their premises without a planning application. They have also backed the relaxation of planning rules for conversions of certain premises into some hospitality venues. Business leaders have welcomed the relaxation of the rules, which is likely to be

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CONFIDENCE IN RECYCLED AGGREGATES GROWS ACCORDING TO NEW EVIDENCE

Alex Brewster (L) & Scott Brewster (R) Resource management company, Brewster Brothers, has put forward new evidence of the growing confidence in recycled aggregates. Brewster Brothers operates one of the largest closed-loop wash plants in the UK. Over the past four years, the company has diverted over 1 million tonnes of construction, demolition and excavation

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GYM CHAIN MAKES FRIST PROFIT IN YEARS AFTER ATTRACTING NEW MEMBERS

Total Fitness returned to the black for the first time since 2015 during its latest financial year after its turnover returned to near pre-pandemic levels. The Cheshire-headquartered gym group has reported a pre-tax profit of £961,000 for the 12 months to June 30, 2022, up from the £8.5m loss it posted in the prior 18

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CONSTRUCTION FIRM FACING MAJOR FINANCIAL ISSUES

One of the North East’s largest construction firms is in severe financial difficulties that have put a question mark over its future. Gateshead firm Tolent is a £200m business which employs around 450 people. The company has been involved in some of the region’s largest recent building projects, including Hadrian’s Tower in Newcastle, the Milburngate

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START UP PROMISES NEW FUTURE FOR THOSE WITH NEUROMOTOR

Scottish start-up Manus Neurodynamica is developing real solutions to conditions that – despite the advance of modern medicine – still require digital tools to further improve the standards of care. The company recently secured a loan from UMi Debt Finance Scotland, funded through the Scottish Growth Scheme, along with a new equity investment, to launch

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