Leading swimwear producer Speedo is to close its manufacturing plant in Nottingham with the loss of 140 jobs as it moves production abroad.

The company said it will close the plant at the end of April as it is no longer "commercially viable" to make the garments in Britain. The work will be done in China and Sri Lanka instead.

More than 80 per cent of Speedo’s production is carried out overseas although the firm will keep its headquarters in Nottingham where more than 200 people are employed.