Nottingham-based marketing and PR agency expands capabilities with new hire
£14m investment will change freight industry across the country
“Our funding, combined with investment from the industry, will ensure lorry drivers can enjoy safer parking, a proper rest and a warm meal, while supporting UK businesses to harvest the best of technology to move freight faster, decarbonise our supply chain, and grow the economy for all.”
New Employment Rights Bill makes almost 30 changes to workers’ rights
Planning consent granted to regenerate two Alford attractions
Two heritage and culturally significant attractions are set to expand their offer and attract even more visitors to the Lincolnshire Wolds following the approval of planning consent.
Latest merger for fast growing Streets sees the coming together of two tech pioneers in the professional services sector
Derbyshire house builder gears up for growth after securing full planning approval on latest site
HMRC issues more payments for ‘deliberate’ VAT filing errors
Merger agreed to create one of the largest housing associations in the region
New £500,000 centre at Northampton College to tackle green construction skills shortage
In a world of Ai, don’t be afraid to be more ‘I’: by Greg Simpson, founder of Press For Attention PR
Sandwich bread baker fined after worker loses finger
U-turn for East Midlands economy as number of companies with late payments falls along with insolvency activity
Unique village centre site sold for new housing in Melbourne, Derbyshire
Government consults on plans to modernise pension provision
New team member, promotion, and investments at Mackworth Vehicle Conversion Specialists
Frasers Group acquires over 1 million sq ft of retail assets
Derby City Council instructs Salloway to sell Allestree Hall
Refurbishment begins at Sutton Theatre
WBR Group sponsors Navali Navratri event, supporting Saarthi charity
Barratt’s £2.5 billion purchase of rival Redrow Homes cleared
The Competition and Markets Authority (CMA) has cleared Leicestershire-based housebuilding giant Barratt’s £2.5 billion purchase of rival Redrow Homes.
It follows the CMA concluding a Phase 1 investigation into the deal, where it found an area of concern regarding the supply of new build private residential housing in Whitchurch and Nantwich.
The businesses each have major, competing, developments in one of the towns and have agreed to sell remaining homes through an independent agent, with Savills appointed for this.
Moreover, a monitoring trustee and an independent professional quantity surveyor will be appointed to monitor and oversee the merged entity’s compliance with commitments including that unbuilt houses and unbuilt infrastructure in Redrow’s Kingsbourne development in Nantwich are constructed to Redrow’s quality standards and completed in a timely manner; and that aftersales services are provided to all homebuyers to a level meeting or exceeding Redrow’s pre-merger standards.The CMA has now published its acceptance of Barratt and Redrow’s undertakings and will not be referring the acquisition to a phase 2 investigation.
Barratt will commence the integration of the businesses.
David Thomas, CEO of Barratt, said: “Today is a significant milestone for Barratt Redrow, as we come together as one organisation. With this combination, we have created an exceptional housebuilder in terms of quality, service and sustainability, able to accelerate the delivery of the homes this country needs.
“Together, we offer a broader range of homes and price points for our customers who we will continue to put at the heart of everything we do. Our focus now is on integrating our businesses as efficiently and effectively as we can to deliver the expected benefits of the Combination.
“We will leverage the best of both companies to deliver significant benefits to our people, our customers and our supply chain partners, and ensuring that Barratt Redrow is set up to deliver long term value to all of its stakeholders.”