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North East
Thursday 30 July 2020

Latest News

Top Story

NBS profits fall following economic contraction

Newcastle Building Society (NBS) has reported reduced pre-tax profits following an "economic contraction the like of which has not been experienced for decades" but said its underlying business continued to perform well.
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Insider Feature
Feature 1

Ask the expert: New Corporate Insolvency and Governance act brings hope for rescue of distressed businesses

The Corporate Insolvency and Governance Act, which includes the biggest changes to the restructuring and insolvency framework in a generation, has recently been introduced as part of the government’s response to the Covid-19 pandemic. Neil Harrold from Hay & Kilner LLP offers his advice on this new act.
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Deals

Robson Laidler helps businesses secure £11m in funding support

Accountancy firm Robson Laidler has helped North East businesses secure £11m in financial support during the coronavirus pandemic, safeguarding 600 jobs.
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BGF invests almost £180m in first half

BGF has backed 24 new companies in the first half of 2020 with a total investment of almost £180m.
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Hastings confirms approach from consortium

Insurance company Hastings has received an approach from Sampo Oyj and Rand Merchant Investment (RMI) Holdings about a possible cash offer for the shares in the business the pair do not already own or control.
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UK recruitment M&A down by half - BDO

Transaction volumes in the UK recruitment industry fell by half in the first six months of 2020, according to new data.
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Insider Feature
Feature 2

Business Matters: How digital communications can help businesses recover and re-engage

Dr David Hart - Associate Professor in Marketing at Northumbria University, shares top tips for businesses looking to harness the power of digital communications in their post-Covid recovery.
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Business

Hay & Kilner makes clinical negligence team appointment

North East law firm Hay & Kilner has made an appointment to its clinical negligence team.
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Entrepreneurs invest in spirit box start-up

A group of North East entrepreneurs have launched a new start up selling gin, rum and vodka boxes.
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Aldi outlines plans to create almost 4,000 jobs

Aldi has outlined plans to create nearly 4,000 new jobs across the UK this year.
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£500m domestic film and TV initiative launched

A £500m scheme designed to kick-start domestic film and TV productions struggling to get coronavirus-related insurance has launched.
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Property

New images of Quayside West development revealed

New CGI images have been revealed of the proposed Quayside West development in Newcastle city centre.
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Golf retailer expands with new premises

A golf equipment retailer has expanded into new North East premises with a launch event featuring football legend Alan Shearer and triple-jump world record holder Jonathan Edwards.
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Manufacturing

Furniture maker targets £4m turnover

A wood furniture manufacturer is aiming to grow turnover to more than £4m this year following an investment in VR technology.
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UK car production almost halves

Car production in the UK almost halved in June compared to the same period in 2019 because of the Covid-19 pandemic.
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