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North East
Monday 23 March 2020

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Software firm completes second six-figure funding round

A Newcastle-based health and safety software firm has completed a second six-figure funding round from the North East Venture Fund.
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Insider Feature
Feature 1

Business Matters: Successful succession planning requires a long-term approach

Abby Dorani, solicitor in the corporate and commercial team at Hay & Kilner Law Firm in Newcastle, says It’s an inevitable truth for any long-standing business that, sooner or later, there will have to be a change at the top of the organisation.
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Deals

Gordon Brown Law Firm reports strong start for deals

Gateshead-based Gordon Brown Law firm's commercial, corporate and real estate team has reported a strong start to 2020, having acted in deals worth more than £10m so far.
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CMA finds competition concerns over window blind deal

The Competitions and Markets Authority (CMA) has found competition concerns over Hunter Douglas' acquisition of counterpart 247 Home Furnishings.
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Hotel Chocolat raises £22m to support growth plans

Chocolatier and retailer Hotel Chocolat has raised £22m to underpin its long-term growth plans and to provide flexibility if needed in response to challenges presented by the Covid-19 outbreak. The business said its ability to shift its focus towards online and digital wholesale would help mitigate the impact of the pandemic.
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Insider Feature
Feature 2

Business Matters: The North East Growth Hub - Working to reduce the impact of Coronavirus on our regional businesses

Colin Bell, business growth director at the North East Local Enterprise Partnership (LEP), says right now is a time of anxiety for many people and business owners due to the impact of coronavirus, also known as Covid-19.
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Business

Businesses react to “landmark” government measures

The business community has reacted to the government's package to support businesses during the Covid-19 pandemic, which includes a commitment to paying 80 per cent of wages.
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All John Lewis shops to temporarily close

The John Lewis Partnership has temporarily closed all of its 50 John Lewis shops as a result of the impact of coronavirus - the first time in the 155-year history of the business that it will not open its shop doors for customers. Johnlewis.com will continue to operate as normal, alongside Waitrose shops and waitrose.com.
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FCA urges delay on financial documents

The FCA has asked companies intending to publish preliminary financial statements in the next few days to delay their planned publications as a result of the disruption caused by Covid-19.
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Summers-Inman strengthens with director appointment

Newcastle-based construction and property consultancy Summers-Inman has strengthened its senior team with the appointment of a national business development and marketing director.
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McDonalds to temporarily close restaurants

McDonalds is set to temporarily close all its UK and Ireland restaurants.
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Spire Healthcare agrees to offer all hospitals to the NHS

Spire Healthcare has confirmed an agreement to make all of its hospitals, facilities and services available to the NHS and its patients during the Covid-19 outbreak.
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Aldi to recruit 9,000 new workers

Aldi has launched a recruitment drive to hire 9,000 new workers as part of its response to the coronavirus outbreak. A number of products have also been further restricted.
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Property

North East Property Awards 2020 – deadline extended

Insider has extended the deadline for entries into this year’s North East Property Awards.
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Rainton Arena offers space to NHS

Houghton-le-Spring venue Rainton Arena has offered its space to the NHS to support the battle against coronavirus.
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FCA reveals new guidance in Covid-19 response

The FCA has revealed new guidance for small business lenders, mortgage lenders and mortgage administrators, to help firms and households deal with the economic disruption caused by Covid-19.
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Construction awards hold up despite virus outbreak

The total value of construction contract awards in February 2020 rose to £6.5bn, despite the global coronavirus crisis, according to a new report.
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Other News

Loungers venues to close temporarily

Rutherford Health offers support to NHS

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