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North East
Thursday 17 September 2020

Latest News

Top Story

Fintech secures £1m investment

A Newton Aycliffe-based fintech company has secured £1m of growth capital from institutional investors to continue its expansion and create new jobs.
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Insider Feature
Feature 1

Ask the expert: The impact on company valuations following the pandemic

Steve Plaskitt, partner at MHA Tait Walker, shares his expertise on the impact on company valuations following the pandemic.
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Deals

Greetings cards publisher’s pandemic support revealed

The funding which helped an independently owned greetings card publisher through the height of the Covid-19 pandemic has been revealed.
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Ardonagh’s Bennetts deal ‘raises competition concerns’

The competition watchdog has said Ardonagh Group's acquisition of Bennetts Motorcycling Services raises concerns.
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Business

Director appointment at Newcastle Building Society

Newcastle Building Society has strengthened its executive team with the appointment of a business change director.
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“Operational progress” at Shield Therapeutics

Listed pharmaceutical company Shield Therapeutics has made "operational progress" in the first half of 2020, with the group returning from a pre-tax loss after signing new licensing agreements.
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SpecifiedBy reports growth in online marketplace

Newcastle-based marketing and product data specialist SpecifiedBy has reported quarterly growth in its online marketplace as Covid-19 drives building product manufacturers to digital services.
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Next’s profits slump as pandemic hits results

Next made a pre-tax profit of just £9m during the first half of its finance year as its sales slumped by more than a quarter because of the Covid-19 pandemic. However, the retail giant said it is optimistic for the future after the retail giant revealed that all of its guidance scenarios see it generating a profit, cash and reducing its debts.
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Co-op cautious ahead of challenging period

Half-year sales at the Co-op have passed the £5.5bn mark but the company has erred on the side of caution with its outlook, saying the coming months and years remain uncertain given the circumstances surrounding the pandemic.
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Property

Record summer for property auctioneer

A Newcastle-headquartered property auctioneers has reported a record summer season, selling more than 1,000 properties in the last three months.
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£30m facility supports social housing development

A property group has acquired more than 40 flats in Sunderland after securing a £30m loan facility, with the company intending to rehouse victims of domestic violence.
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New housing scheme on-track for completion

A project by energy and regeneration specialist ENGIE to construct almost 40 new homes on the site of a former school in Newcastle is on-track for completion.
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Office move for expanding opticians

A family-run, independent opticians is expanding with a move to new premises near the Arnison Centre, with the business also planning for further recruitment.
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Refurbished police HQ buildings set to go up for sale

Listed buildings from Northumbria Police’s former headquarters will go on sale to house buyers later this year after being refurbished.
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Phase two of the HiveTree office development set to complete

Phase two of the HiveTree office development in Newcastle city centre is due to complete later this month.
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Manufacturing

Former steelworkers welcomed back to Teesworks site

Six former workers have been welcomed back to the former Redcar steelworks site after securing jobs with Hall Construction Services to remediate land as part of the Teesworks redevelopment.
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GEM partnership boosts recruitment at Husqvarna

More than 50 people are working towards careers with Husqvarna thanks to a partnership between the lawnmower manufacturer and GEM Training.
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“Satisfactory” year for Nivea’s UK arm

The parent company of skincare products maker Nivea's UK arm has described the results for its latest financial year as "satisfactory". It added that the Covid-19 pandemic is not expected to have a material impact on its ongoing business.
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