Today's North East business news from Insider |
Latest News | There are many reasons to be optimistic about 2021's M&A market, according to director of corporate finance at Clive Owen, who also hailed the North East's "proven track record of producing strong, robust businesses across a multitude of sectors".
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Alan Welby, director of innovation at the North East LEP, says through a new open innovation programme called Challenge North East, the North East Local Enterprise Partnership (LEP) is offering financial support to SMEs who can help find solutions to two specific Covid-19-related problems.
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Hargreaves Services has sold its entire inventory of speciality coal to its German joint venture HRMS, ending its material direct business interests in coal.
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Wolseley UK, a heating and plumbing distribution business, has been sold to a global private equity firm for more than £300m.
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Flutter Entertainment, the group behind Paddy Power, Betfair and Sky Betting and Gaming, has completed the acquisition of a further stake in fantasy sports site FanDuel for more than £3bn.
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National World has acquired JPI Media Publishing for £10.2m.
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Business organisations have called for more support to help firms through the new national lockdown introduced by the UK government in an attempt to tackle a surge in coronavirus cases.
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Tees Valley Business has helped almost 900 businesses in its first year of operation, which are now on course to create and safeguard more than 900 jobs.
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Surging online sales at fashion giant Next compensated for almost all the losses from its stores during the run up to Christmas, new figures have revealed.
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Discount supermarket giant Aldi has posted its best ever Christmas sales, driven by strong growth in its online wine and special buy products.
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Newcastle-based civil and structural engineering firm RWO has promoted a number of staff.
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A wealth management firm is set to create a dozen jobs after moving to a larger headquarters in Gateshead.
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A long-standing employee of property consultancy Lambert Smith Hampton (LSH) has stepped down as head of its Newcastle office.
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Sunderland has secured a £25m boost for its high street.
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County Durham-headquartered etailer Flooring Superstore is targeting 25 store openings for 2021, investing millions of pounds and creating hundreds of jobs in the process.
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Crafter’s Companion has unveiled its new studio space for digital platform Crafter’s TV.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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