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Jaguar Land Rover announce record profits of £2.6bn

Jaguar Land Rover has announced record profits of more than £2.6billion.

Jaguar Land Rover cars lined up for export Credit: Chris Ison/PA Wire/Press Association Images

The pre-tax earnings for the year to 31 March are a rise of £113million on the previous year.

The company says it means they can invest in a long term future. They unveiled three new cars in the last year and opened their manufacturing centre in Wolverhampton.

Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. This has positioned the company strategically and financially for continued sustainable growth.

The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint.

We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.”

– Ralf Speth, Jaguar Land Rover chief executive

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  1. Anglia

Three counties to bid for more power from Government

Northamptonshire. Credit: ITV News Anglia

The leader of Northamptonshire County Council says forming a ground-breaking alliance with two other counties would bring billions of pounds worth of investment and create thousands of new jobs in the area.

Northamptonshire, along with Oxfordshire and Buckinghamshire are going to put a joint devolution bid to the Government this summer.

Whilst keen to stress this would not merge the council councils, they would work together on key issues.

The county council says the alliance would ‘swell’ economic growth by a further £9 billion, creating at least 135,000 new jobs by 2020.

Jim Harker Credit: ITV News Anglia

"This area has an economy larger than that of Greater Manchester and we'd like similar devolved powers, over transport and strategic planning in particular.... As the name suggests, England's Economic Heartland is one of the powerhouses of the UK economy but we believe we can further build on our competitiveness in global markets with this innovative new model, and help ensure the UK is an even more prosperous major economy.

– Councillor Jim Harker, leader of Northamptonshire County Council

Tesco to close Nottingham Homeplus store

The stores will close on June 27 Credit: PA

Around 450 jobs are being axed by embattled supermarket Tesco under plans to close the last six of its Homeplus stores, including one in Nottingham.

The group said the final stores of its once 12-strong non-food retail chain Homeplus would shut on June 27, following the closure of six outlets in March.

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Family earn £170k a year in home cosmetics sales

A mother from Worcestershire who left school without any qualifications has hit the headlines after revealing her family business now makes more than the Prime Minister.

Gail Reynolds from Bromsgrove started work as an Avon lady to meet new friends and earn a bit of extra cash but after years of hard work she now oversees more than two thousand people and has a six figure salary. Chris Halpin reports.

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