NEC Group

NHS Nightingale hospitals to shut at the end of April

The NHS Nightingale hospitals are to be decommissioned at the end of April, NHS England has confirmed. Five of the seven Nightingale hospitals in England were constructed at prominent event venues, including ExCeL London (pictured), the NEC, Manchester Central, Harrogate Convention Centre, and UWE Bristol Exhibition and Conference Centre. The field hospitals were built to provide extra capacity fo...

NEC CEO Paul Thandi and ex-Apple chief join InspiredMinds board of advisors

The CEO of NEC Group in Birmingham, Paul Thandi, and ex Apple chief of staff, Chris Broad have joined global AI and health technology media company InspiredMinds’ board of directors. London-based InspiredMinds has a community of 200,000 users worldwide and announced four new advisors to its board altogether, as the media company readies for the launch of an AI omnichannel for its community called ...

Blackstone makes confident UK market move with acquisition of Butlin’s parent group

Global private equity investment fund specialist Blackstone has completed its acquisition of Bourne Leisure in a deal reportedly worth £3bn (US$4.12bn). Among Bourne Leisure’s portfolio is the traditional holiday resort chain Butlin’s, which has, in recent years, invested heavily in revamping its conference and event facilities. Funds managed by Blackstone Capital Partners and Blackstone Real Esta...

Blackstone’s Q1 profit rises but coronavirus weighs

NEC owner Blackstone Group, the world’s largest manager of alternative assets such as private equity and real estate, reported a 4% rise in first-quarter distributable earnings on Thursday, driven by a surge in management fees, even as its funds took a hit in the coronavirus-induced downturn. Blackstone, whose shares were up 5.3% at US$48.78 in early afternoon, posted a 16% rise in managemen...