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New managing director for UKRL
New Mansfield bus depot poised to support electric fleet transition
Stagecoach Services Ltd is expected to receive planning approval from Mansfield District Council to redevelop its existing Sutton Road bus depot.
The proposal involves demolishing the current buildings and constructing a new facility equipped to support a fully electric fleet. Plans include a modern workshop, a dedicated bus wash system, and electric vehicle charging bays designed to service 24 new electric buses.
Council planning officers have recommended the project for approval, noting its role in advancing Mansfield’s transition toward cleaner public transport. The redevelopment represents a significant private-sector investment in the town’s transport infrastructure and is anticipated to sustain local employment while improving operational efficiency for the bus operator.
If approved, the project will replace outdated facilities with a streamlined, purpose-built site designed to meet the operational and environmental requirements of a modern bus fleet.
Businesses eye £500bn productivity lift as AI reshapes recruitment
UK employers could unlock more than £500bn in productivity by using artificial intelligence to overhaul recruitment, a new LinkedIn analysis suggests.
The findings point to growing corporate interest in automating the most time-consuming parts of hiring, such as screening CVs, drafting job adverts, and sourcing candidates. AI platforms are already being deployed to speed up these stages, allowing recruitment teams to focus on strategic workforce planning and candidate engagement.
Adoption, however, remains uneven. Most UK recruiters report limited AI training despite expectations from leadership teams to build future-ready workforces. Regional differences also persist, with most AI-related vacancies and skill development concentrated in London. Outside the capital, progress has been slower, reflecting broader disparities in digital investment and infrastructure.
Separate studies highlight both the promise and the pitfalls of automation. Research by the Alan Turing Institute and the Institute for Ethical AI has shown that hiring algorithms can mirror existing workplace biases, while HR surveys reveal widespread concern that automated processes weaken the human connection during hiring.
Data from other consultancies reinforce the mixed picture. EY’s latest analysis finds that demand for AI expertise is rising across financial services boards, though few firms have the governance to manage the ethical and operational risks it entails. Meanwhile, surveys indicate that while automation has accelerated candidate screening, high early-stage turnover remains common, suggesting that efficiency alone does not guarantee better recruitment outcomes.
Browne Jacobson advises Milient on latest UK acquisition
Browne Jacobson has advised Norway-based Milient Software AS, backed by private equity investor Monterro, on its acquisition of UK software provider Cubic Interactive Limited, trading as Rapport3. The move strengthens Milient’s foothold in the UK project management software market and forms part of its wider European expansion strategy.
Milient develops digital management platforms for architects, engineers, and other professional service firms. Rapport3 delivers a project and resource management system tailored to similar users, making it a strong strategic fit for Milient’s growing portfolio.
Browne Jacobson’s private equity team, led by Partner Gareth Davies and supported by Principal Associate Matthew Dorman and Associate Jonathan Bradley, provided legal advice on the transaction, with additional input from the firm’s tax and employment specialists.
Gareth Davies, Partner at Browne Jacobson, commented: “Supporting Milient Software and Monterro for the second time on their UK expansion underscores a broader market trend: the growing confidence of overseas investors in UK tech. This transaction is a powerful signal that international capital continues to back the UK’s world-class technology sector. It has been a pleasure to work with the team again and see their continued growth into the UK market. Our wider Private Equity practice is acting on an increasing number of international deals year on year, and this transaction is another example of our leading position in the mid-market space.”
Simon Nystrom, Investment Manager at Monterro, added: “We’ve been impressed by the quality and innovation within the British software sector, and Rapport3’s expertise and client base make this a highly strategic addition to our business. Browne Jacobson’s deep understanding of cross-border transactions and the UK market has been invaluable. This is our second deal together, and their commercial approach and technical excellence made the process seamless.”
The acquisition reflects continued investor confidence in UK software firms and highlights the growing interest of international funds in supporting the country’s expanding technology landscape.
Private equity firm exits investment in Leicester’s Obsequio Group
Acquisitions see energy business strengthen position in European liquid gas market
Vaillant marks milestone with Derby factory visit
Vaillant Group UK’s manufacturing facility in Derby welcomed a royal visit to mark its growing role in the UK’s low-carbon heating sector. The 12,200-square-metre plant, located near the company’s Belper headquarters, produces uniSTOR high-recovery hot water cylinders designed for both traditional and low-temperature heating systems.
The visit included a guided tour of the factory and an overview of the company’s production process for its cylinder range. Apprentices specialising in welding and engineering were among those who met guests, highlighting Vaillant’s investment in developing technical skills to support the transition to cleaner heating technologies.
Henrik Hansen, Managing Director of Vaillant Group UK and Ireland, said:
“It was an honour to welcome Her Royal Highness The Princess Royal to our manufacturing site. She was able to view the innovating manufacturing process we have developed to support the growth of low carbon home heating systems. We are very proud of the contribution we are making to help customers transition to cleaner energy use through our technology and manufacturing excellence based in the East Midlands.”
Local and regional leaders attended the event, including representatives from Derby City Council, the Lord-Lieutenant’s office, and business and community partners such as Derby Museums, Derby College, and Marketing Derby.
The Derby plant, opened as part of Vaillant’s 150th anniversary celebrations, forms part of the company’s long-term strategy to expand its UK manufacturing capabilities. The facility has increased local employment and created apprenticeship opportunities, strengthening the East Midlands’ contribution to the low-carbon economy.
Russell Roof Tiles secures major funding to boost production and innovation
Roof tile manufacturer Russell Roof Tiles has secured an eight-figure funding package from HSBC UK to support expansion and innovation across its operations. The deal will allow the company to increase manufacturing capacity and advance new product development, including its latest launch, Bute3, a design that merges three plain tiles into one for improved efficiency.
The investment follows the completion of an £18.5 million fully automated production line at the company’s Burton on Trent facility, where Bute3 is now in full production. The firm expects a 30 per cent rise in turnover over the coming year, driven by increased demand and strategic reinvestment in its sites.
Founded in 1892 and part of the Crown Roof Tiles Group since 2011, Russell Roof Tiles employs around 200 people across its sites in Burton on Trent and Lochmaben. The refinancing was supported by legal advisers Freeths and Pinsent Masons, acting for the company and HSBC UK, respectively.
M&B appoints new CFO from M&S as leadership transition begins
Mitchells & Butlers has announced the appointment of Emma Harris, finance director for food at Marks & Spencer, as its next chief financial officer. She will succeed Tim Jones, who plans to retire after nearly 15 years in the role.
Jones joined the pub and restaurant operator in 2010 and played a central role in strengthening its financial position and steering it through the pandemic. His planned departure is part of the company’s broader succession planning strategy. Harris brings significant experience from senior finance roles at Asda, Walgreens Boots Alliance, and M&S.
A formal date for Harris’s appointment has not been set, but Jones will remain in post until a full handover is complete, expected by early summer 2026. The move marks a continued effort by the company to maintain financial stability and support its brand portfolio, which includes Miller & Carter, All Bar One, and Toby Carvery.


