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North East Wednesday 10 November 2021

LATEST NEWS

TOP STORY Salesfire rolls out employee share ownership A Middlesbrough-based software as a service company has announced plans to distribute its success by granting shares to employees following recent expansion. Read More

INSIDER FEATURE Ask the expert: Working capital impacts deal valuations especially since the pandemic began Steve Plaskitt, head of corporate finance at MHA Tait Walker, gives his views on how working capital impacts deal valuations especially since the pandemic began. Read More

DEALS Organisations secure almost £7m of UK Space Agency funding Eleven organisations, including a North East University, have secured a share of almost £7m of funding from the UK Space Agency to support projects focused on climate change, environmental management, telecommunication systems and the protection of digital infrastructure against cyber-attacks. Read More Undertakings set to assuage regulator’s pub deal competition concerns The Competition and Markets Authority has said it considers there are reasonable grounds for believing that undertakings offered by Admiral will allow the pub group's acquisition of a nationwide portfolio of pubs to move forward. Read More Holiday rental firm postpones IPO plans An operator of an online holiday rental platform – which last month outlined its intention to float on AIM – has postponed its IPO plans. Read More

PROPERTY Work to begin on £30m Washington commercial units Work is set to begin on a £30m contract to construct 362,600 sq ft of commercial units as part of the first phase of the Hillthorn Business Park development at Washington. Read More Durham hotel re-opens after £250,000 investment A Durham hotel and restaurant, set within a grade II-listed building, has reopened after a loan from Business Durham, the business support service for Durham County Council. Read More Vengrove acquires logistics unit at Durham distribution park Real estate investment management company Vengrove, represented by Savills, has acquired units seven and eight at County Durham's Foxcover Distribution Park. Read More

BUSINESS Winners of 2021 Northern Tech Awards announced GP Bullhound has announced the winners of the 2021 Northern Tech Awards, held last night at the New Dock Hall in Leeds. Read More Energy saving consultancy enters administration More than 30 jobs have been lost after an energy consultancy business, which helped clients reduce energy costs and emissions, ceased trading. Read More New litigation and dispute team recruit for Hay & Kilner Newcastle-headquartered Hay & Kilner has hired a new solicitor to join the firm's commercial litigation and dispute resolution team. Read More Bannatyne Group to open spa at Teesside Airport The Bannatyne Group is opening an express spa at Teesside International Airport following a £100,000 investment. Read More

MANUFACTURING Used electric vehicle demand surges despite overall market decline - SMMT Demand for used battery electric and plug-in hybrid vehicles continued to grow in the third quarter, according to new figures, but the overall used car market declined. Read More

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UPCOMING EVENTS 1 Dec Fast Growth Companies: Businesses That Rewrite the Rules Online Forum 2021 24 Mar Insider Made in the North East Awards 2022 19 May Insider North East Property Awards 2022 30 Jun Insider Made in the UK Awards 2022 29 Sep Insider North East Dealmakers Awards 2022

SERVICES & GUIDES Corporate Finance Directory Find an adviser to help you buy, sell or invest in a business. Read More Best Places to Meet The region's top places to hold events, conferences and meetings. Read More

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