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Real estate leaders to descend on Derby to discuss ‘the alchemy of cities’
NHS cost cuts spark job concerns among staff
Cost-cutting measures at Northamptonshire’s NHS services are putting hundreds of jobs at risk as the local Integrated Care Board (ICB) seeks to reduce its running costs by nearly a third by the end of the year. The Northamptonshire ICB, which manages the region’s health services, has been tasked with saving £16.7 million from its £53 million budget.
To meet the required savings, Northamptonshire, Leicestershire, and Rutland ICBs are considering merging their management functions to streamline operations without impacting core services. However, this restructuring is expected to lead to significant job losses across both areas. The Northamptonshire ICB, which employed over 200 staff as of March 2025, has not provided further comment on the matter.
Industry experts, including NHS managers’ union Managers in Partnership (MiP), have expressed concerns that the pace and scale of the cuts may harm local economies and undermine efforts to retain skilled NHS workers. The unions argue that the cuts were implemented without sufficient planning or assessment of the new organisational structure needed.
Proposals for a Leicester, Northamptonshire, and Rutland ICB cluster have been submitted to NHS England. If approved, this would not be a full merger but would involve shared management and resources, aiming to achieve savings while maintaining services. However, the plan continues to spark uncertainty among staff members facing potential redundancies.
Acquisitive Phenna Group swoops for Asset Management Engineers
Marks Electrical slips to a loss despite record revenue
Marks Electrical Group, the online electrical retailer based in Leicester, has slipped to a loss, despite record revenue.
In full year audited results for the 12 months ended 31 March 2025, the business posted a pre-tax loss of £1.7m, compared to a £616,000 pre-tax profit last year.
It came as revenue reached £117.2m, up from £114.3m in the year prior.
Mark Smithson, CEO, said: “During a challenging year for the Group and in a market where consumers continue to remain price conscious, I am proud of the strategic and operational progress we have made.
“Our ERP implementation brought minor disruption to the business during the cutover period, however, the transition has been successful and our teams have quickly embraced this transformational change.
“This has been a significant, long-term strategic investment for the business, which will allow automation of process improvements to make our operations more efficient at scale, and enable us to deliver growth, profitability and value for all our stakeholders.
“As outlined previously, we expected our pivot back to a premium focused operating model to have an impact on the speed of our revenue growth. We initiated this change in late FY25, and the impact of this shift away from entry-priced products has led to lower sales in Q1 against a strong comparative in the prior year, which also impacted operating leverage.
“However, as we focus on the right product hierarchy and sales channels, we expect this to have longer-term benefits on unit economics, and as comparables ease in later quarters we expect a return to revenue growth during FY26.
“Over the past couple of years we have invested in our operations to position Marks Electrical for long-term success. At the same time, we have continued to deliver profitable market share growth, strong cash flow generation and consistent returns in the form of dividends to shareholders thanks to our ability to allocate capital with discipline.
“Our relentless approach to providing exceptional customer service continues to be our core focus and we remain committed to becoming the UK’s leading premium electrical retailer.”
Nottingham financial planner doubles presence north of the border
Derby council to review taxi age policy amid driver concerns
Derby City Council is set to review a controversial rule that reduced the maximum age for newly registered taxis from 15 years to five. Introduced in April, the new policy has faced backlash from taxi drivers, who argue that the change will increase operating costs and could push some out of business.
A report to be presented at Thursday’s council meeting warns that the policy may drive drivers to register their vehicles with other local authorities. However, reversing the rule could expose the council to compensation claims from those who have already complied with the new age limit.
The council has defended the measure, stating that it aims to ensure taxis are in good condition and meet modern safety and emissions standards. Notably, Hackney taxis are exempt from the new rule, and previously registered vehicles are unaffected.
The report also acknowledges the financial burden on drivers, including higher vehicle purchase, tax, and insurance costs. While the five-year limit is seen as a way to reduce emissions by removing older, polluting vehicles from the fleet, the potential for inconsistent regulatory decisions and compensation claims remains a concern.
If the petition to reverse the rule is successful, the council will delay the implementation of the policy until the next committee meeting, where potential changes will be discussed.
Collaboration drives workforce solutions in the East Midlands
The East Midlands Chamber’s People and Skills Conference 2025, held at Loughborough University, brought together businesses and educators to address key workforce challenges, including filling job vacancies, staff retention, and advancing Equality, Diversity, and Inclusion (EDI). Hosted in partnership with Loughborough University and West Nottinghamshire College, the event featured discussions aimed at shaping the region’s skills reform.
As part of the conference, Richard Blackmore, Director of Policy and Insight at the East Midlands Chamber, highlighted that over 60% of businesses in the region struggle to find candidates who meet their specific requirements. Filling vacancies remains a critical factor for economic growth, and a collaborative approach between employers and educational institutions is essential to bridging this gap.
Keynote speaker Prof. Eva Selenko of Loughborough University spoke on the importance of aligning education with business needs to tackle youth unemployment. The discussion addressed the complex challenges young people face, including mental health barriers and difficulties navigating career pathways.
Panel discussions also focused on recruitment and retention, with experts emphasising the need for businesses to recognise transferable skills and promote themselves as employers of choice. Chris Grocock of Futures and Eileen Perry of ER Recruitment emphasised the importance of collaborating with educational institutions to drive meaningful policy change and enhance workforce engagement.
The event showcased the necessity of collaboration across industries to support long-term skills development, with a call to strengthen partnerships between businesses and training providers.
International venture builder project at Nottingham Business School to train researchers in entrepreneurship
Ideagen swoops for US firm in second acquisition of 2025
East Midlands Bricks Awards 2025: “I would encourage everyone to get nominating for these awards and help celebrate this industry,” says Nottinghamshire County Council
To make a nomination for the East Midlands Bricks Awards 2025, please click here, or on the category headings below.
Categories include:- Contractor of the Year
- Developer of the Year
- Architects of the Year
- Most Active Agent
- Deal of the Year
- Residential Development of the Year
- Sustainable Development of the Year
- Commercial Development of the Year
- Excellence in Design
- Responsible Business of the Year
- Overall Winner
Nominations will close on Friday 15th August.
Supporting imagery, video, documents, or links to these, can be sent to bricks@blmgroup.co.uk. Video nomination pitches are also welcome as an alternative or companion to written entries.The East Midlands Bricks Awards 2025
What: The East Midlands Bricks Awards 2025 When: Thursday 2nd October (4.30pm – 7.30pm) Where: Derek Randall Suite, Trent Bridge Cricket Ground, Nottingham Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands Tickets: Available here Dress code: Standard business attire Thanks to our sponsors:








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