Today's North East business news from Insider |
| Wednesday 4 November 2020 |
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Latest News | Deal activity in the North East has fared "reasonably well" despite the impact of the Covid-19 pandemic, according to the latest mergers and acquisitions overview from Experian MarketIQ, although transaction value fell to its lowest yet. The most active legal and financial advisers in the region were also revealed.
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Liz St Louis, assistant director for Smart Cities at Sunderland City Council, explains the benefits and growth opportunities to city residents and businesses across Sunderland as she explores living, working and playing in the UK’s recently crowned leading smart city 2020.
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Direct Healthcare Group (DHG), a manufacturer of pressure care, patient handling and specialist seating, has acquired Lynch Healthcare Group, expanding its patient handling portfolio.
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Mitie Group has signed an agreement to amend the terms of its acquisition of Interserve Facilities Management so that its shareholders enjoy a "greater share of the benefits of the transaction". The combined business would have about 77,500 employees.
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Turnover has grown in the latest financial results for NG Bailey with the engineering and services business' strong pipeline providing it with confidence for the future, despite the challenges relating to the Covid-19 pandemic.
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Despite a fall in the number of corporate insolvencies, companies should still prepare for "trouble on the horizon", according to the North East chair of insolvency and restructuring trade body R3.
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Marks & Spencer has reported a "robust" performance for the first half of its financial year despite the Covid-19 pandemic, with chief executive Steve Rowe vowing that the retailer is "taking the right actions to come through the crisis stronger".
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Businesses in the latest 1,000 Companies to Inspire Britain report from London Stock Exchange Group, which features the most dynamic and fastest-growing small and medium sized enterprises (SMEs), reported a revenue jump of more than 40 per cent and created in excess of 42,000 jobs in the last two years.
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A multi-site £9m smart energy testbed has been launched by North East Energy Catalyst.
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Travel agency Fairs-Lloyds has signed a deal to remain at Teesside International Airport for the next ten years.
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A group of North East businesses has secured major contracts on a significant regeneration project.
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Estate agencies in England will be able to remain open during the impending lockdown, the government has confirmed, allowing buyers and renters to continue attending viewings.
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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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