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North East
Insider News
Thursday 9 December 2021

LATEST NEWS

 

TOP STORY

The head of corporate finance at Ryecroft Glenton has spoken to Insider about the firm's 'phenomenal' year and hailed the buoyant state of the mergers and acquisitions market.
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INSIDER FEATURE

Lee Humble from MHA Tait Walker says as we rapidly head towards 2022, we in the deal community look back at what has been an incredibly busy period for mergers, acquisitions and capital raising. Deal volumes have generally been at record levels, with the combination of COVID-19, Brexit and tax changes (and particularly rumoured change) driving vendors toward objectives which may have previously remained a few years away.
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DEALS

A German food conglomerate has entered into a strategic partnership with plant-based food business VBites, founded by Heather Mills, that will include the purchase of a minority stake of the company. The deal could create up to 320 jobs at its Peterlee factory.
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Freers Askew Bunting Solicitors has expanded with the acquisition of a Stokesley law firm.
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Bank North has secured a senior financing facility to support new lending. The regional business bank was advised by Alantra on the design and execution of the senior financing facility of up to £50m with Insight Investment.
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McCain Foods has invested $55m (£42m) in a plant-based frozen food company to support its expansion.
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Tes Global, a UK-headquartered education technology services provider, is to be acquired by Onex Corporation from Providence Equity Partners. Tes' management team will also invest alongside Onex.
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INSIDER FEATURE

Following the autumn Budget and publication of the government's 'Business Rates Review - Final Report' it transpires that whilst there will be some changes to the way in which business rates are administered, the way in which business rates are calculated will remain the same. Read what Sanderson Weatherall's rating experts thought of the changes.
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Stephen Ayers, regional director- North East at razorblue, says over the last few years, cloud computing has exploded as work went virtual and businesses adapted to the pandemic by focusing on the delivery of digital services.
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PROPERTY

Investment company Digital 9 Infrastructure (D9) has acquired a data centre asset and subsea fibre landing station, SeaEdge UK1, on a data centre campus in Newcastle.
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Work is underway at the £50m Brett Wharf development in Gateshead which is set to create hundreds of apartments.
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A North East estate agency has moved into a larger site in Crook to accommodate its growing team.
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The longstanding chief executive of housebuilder Taylor Wimpey is to step down.
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BUSINESS

Prime Minister Boris Johnson has confirmed Plan B restrictions are to be introduced in England - including the return of working from home guidance, the introduction of vaccine passports and stricter rules on mask wearing - in a bid to slow the spread of the Omicron Covid variant.
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Gateshead-based Vertu Motors has reported that group profitability in October and November 2021 continued to be delivered in excess of its business plan and on the levels experienced in previous years.
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A North-Tyneside technology business has secured government accreditation for its tracking device used in the commercial fishing industry.
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Hiring activity for both permanent and temporary roles rose sharply in the North of England in November according to the latest KPMG and REC UK Report on Jobs.
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Transport for the North (TfN) has launched its decarbonisation strategy outlining a target of near-zero carbon emissions from surface transport by 2045.
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MANUFACTURING

UK manufacturing exports will bring in about £9.9bn to the North East economy this year, according to a new study by Barclays Corporate Banking.
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Premium paint and wallpaper manufacturer Farrow & Ball Group has been buoyed by record results.
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OTHER NEWS

 

UPCOMING EVENTS

 

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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