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North East
Wednesday 29 July 2020

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Top Story

Newcastle expansion for game developer

The Newcastle arm of a video gaming giant has agreed a deal to expand its offices in one of the city's biggest lettings of 2020.
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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

Businesses collaborate on coronavirus support initiative

A group of North East businesses have joined forces on a new initiative to raise funding to support companies in recovering from the impact of the Covid-19 pandemic.
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More than £49bn approved under Covid-19 loan schemes

Loans totalling more than £49bn have been approved through the UK Government's three Covid-19 schemes for in excess of 1.17 million businesses, new figures have revealed.
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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

Latest job-creating plans unveiled for former Redcar steelworks

Tees Valley mayor Ben Houchen has set out plans for a series of works at the former Redcar steelworks site that are set to support the creation of 400 jobs and generate almost £400m worth of investment over the next 12 months.
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UK Government enters vaccine agreement with GSK and Sanofi

The UK Government has agreed a deal to secure early access to a promising new coronavirus vaccine. The agreement with GSK and Sanofi Pasteur increases the country's chances of getting access to a safe and effective vaccine by adding a new type of candidate to the UK's growing portfolio.
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Next makes profits forecast as first half sales drop

Retail giant Next has said it now estimates it will make a pre-tax profit of almost £200m after the Covid-19 pandemic significantly hit the business during the first half of its financial year.
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B&M anticipating strong performance

Discount retailer B&M is set to report a strong half-year performance.
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Property

Riverside homes scheme moves forward

Works that will pave the way for a development of new homes on Sunderland's riverside are set to start.
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Housing on former bus depot set for approval

Plans for housing on the site of a former bus depot in Gateshead are recommended for approval next week.
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Work underway on second phase of development

Work is underway on the second phase of homes at a new development in County Durham.
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Manufacturing

Revenue reverses as Aston Martin’s losses driven up

Revenue slumped by more than 60 per cent at Aston Martin during the first six months of the year with pre-tax losses rising to in excess of £220m. The results were affected by the Covid-19 lockdown.
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Breedon’s recovery “well underway” after first-half decline

Pre-tax profits slumped 126 per cent at construction materials giant Breedon during the first half of its financial year because of the Covid-19 pandemic. It added however that its recover is "well underway" and its outlook "remains positive".
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