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North East
Thursday 26 March 2020

Latest News

Top Story

NBS acquires North Yorkshire financial advice firm

Newcastle Building Society has acquired a second North Yorkshire financial advice firm as part of plans for further growth.
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Insider Feature
Feature 1

Business Matters: Successful succession planning requires a long-term approach

Abby Dorani, solicitor in the corporate and commercial team at Hay & Kilner Law Firm in Newcastle, says It’s an inevitable truth for any long-standing business that, sooner or later, there will have to be a change at the top of the organisation.
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Deals

Advanced snaps up professional services software firm

Private equity-backed Advanced has snapped up a global legal, accounting and professional services software business from BT Group - its fifth acquisition in 12 months.
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Takeover of iconic guides publisher moves forward

The takeover of Haynes Publishing Group has moved forward after shareholders backed a deal which values the automotive data business at £114.5m.
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Deal for The i cleared by government department

The completed acquisition of The i newspaper and website by the Daily Mail and General Trust for almost £50m has been cleared by a government department.
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Upbeat K3 Capital anticipating opportunities

Company sales specialist K3 Capital Group is expecting opportunities to be created as it looks to navigate the ongoing pandemic.
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Insider Feature
Feature 2

Business Matters: The North East Growth Hub - Working to reduce the impact of Coronavirus on our regional businesses

Colin Bell, business growth director at the North East Local Enterprise Partnership (LEP), says right now is a time of anxiety for many people and business owners due to the impact of coronavirus, also known as COVID-19.
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Business

Mobile Mini with free storage scheme to support battle against Covid-19

Stockton-on-Tees-headquartered storage provider Mobile Mini UK is offering 72-hour free container hire for a number of organisations to help with the battle against Covid-19.
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Exemplar Health Care to create 1,000 jobs

Exemplar Health Care has revealed plans to create 1,000 jobs to meet the growing demand for its services.
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Revenue nears £50m at game developer

Revenue has grown to almost £50m at listed video game developer Sumo Digital.
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FCA gives listed firms more time to publish results

The Financial Conduct Authority (FCA) has revealed a number of measures to offer listed companies temporary relief during the coronavirus pandemic, including giving extra time to complete and publish audited accounts.
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Aldi to give workers 10 per cent bonus

Aldi employees who work in its stores and distribution centres are to receive a 10 per cent bonus.
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Clipper Logistics providing additional support to grocery sector

Clipper Logistics has received a number of requests from grocery-related customers to provide supply chain support following increased demand during the coronavirus outbreak.
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Insider Feature
Feature 3

Ask the expert: How to manage your cashflow in volatile times

Lee Humble, associate partner at MHA Tait Walker, shares his expertise on the new Coronavirus Business Interruption Loan Scheme (CBILS).
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Property

Developers seek public views on £15m retail scheme

The public are being asked to have to their say on £15m plans for a new job-creating retail-led development on the site of a former North East coal mine.
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Hargreaves Services takes steps to limit Covid-19 impact

Industrial and property sector company Hargreaves Services has said that it is taking all practical steps to safeguard the financial position of the group in the face of Covid-19.
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Rescheduled MIPIM in June ‘not feasible’ because of virus crisis

The organiser of MIPIM 2020 has said it is not feasible to host the property festival in Cannes at its rescheduled date in June because of the ongoing coronavirus pandemic. An alternative event is being organised for September in Paris, with the next edition of MIPIM in Cannes set to take place in March 2021.
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Intu looks to access £330bn package as costs get cut

Shopping centre giant Intu could look to access the government's £330bn support package as it aims to navigate the coronavirus crisis, with the company reducing capital expenditure and cutting back on head office costs.
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Countryside suspends construction

Housebuilder Countryside has closed and suspended all construction work and closed its sales offices.
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Housebuilding giant faces virus challenge from position of strength

Housebuilding giant Barratt Developments has said it faces the challenge of the coronavirus outbreak from a position of strength as it revealed a series of measures to help it cope with the impact of the pandemic.
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