Today's North East business news from Insider |
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North East
Thursday 2 April 2020

Latest News

Top Story

Food manufacturer returns to profit despite challenging market

A South Shields-headquartered manufacturer, retailer and wholesaler of meat and food products has returned to pre-tax profit despite challenging market conditions. The company has also outlined the steps it has taken in response to Covid-19.
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Insider Feature
Feature 1

Ask the expert: How do I provide effective leadership during a crisis?

Experienced North East business coach Ian Kinnery says the coronavirus outbreak is a huge challenge for all businesses, large and small.
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Deals

Investment fund to launch despite Covid-19 crisis

Newcastle-based Conviction Investment Partners is going ahead with plans to launch a new investment fund despite the Covid-19 crisis and is urging other venture capitalists to continue investing.
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New owner for ceiling and suspension systems specialist

A ceiling and suspension systems specialist with two production facilities situated in the North East has been acquired.
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EY acquires R&D tax relief specialist

Professional services giant EY has acquired an R&D independent tax consultancy which specialises in supporting companies accessing R&D tax relief through the small to medium size enterprises (SME) scheme.
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Insider Feature
Feature 2

Ask the expert: How to manage your cashflow in volatile times

Lee Humble, associate partner at MHA Tait Walker, shares his expertise on the new Coronavirus Business Interruption Loan Scheme (CBILS).
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Business

Teesside University develops business support package

Teesside University has developed a business support package to help those impacted by the Covid-19 outbreak.
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Animmersion launches virtual events tech in Covid-19 response

Middlesbrough-based Animmersion UK has pushed forward the development of virtual events technology with the aim of providing immersive meeting spaces to businesses impacted by Covid-19.
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Peterlee care centre gears up for expansion

A Peterlee-based care centre is targeting further expansion after a programme of investment.
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NE business confidence rose prior to strict Covid-19 measures – report

Business confidence in the North East bucked the national trend to rise two points during March, according to research conducted ahead of the government's call for the public to stay at home due to Covid-19.
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Business secretary calls on banks to support crisis-hit firms

Business secretary Alok Sharma has said it is 'completely unacceptable' if banks are 'unfairly refusing funds to good companies in financial difficulties' amid criticism of the industry and concern about the ability of firms to survive the current shutdown in place to tackle the coronavirus. The Chancellor is set to come forward with additional measures to help small businesses trying to access support.
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Business report sharp and significant fall in revenue - BCC

UK businesses have reported a sharp and significant fall in domestic and overseas revenue according to the British Chambers of Commerce's (BCC) first Covid-19 Business Impact Tracker.
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Holiday company vows to come back ‘stronger than ever’

A holiday company has vowed to come back stronger than ever – with assistance from Lloyds Bank – after cancelling its upcoming trips.
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Property

New non-executive director for Hargreaves Services

Industrial and property sector company Hargreaves Services has confirmed the appointment of a new non-executive director.
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Plans in for almost 40 new homes

Plans for almost 40 new homes in Middlesbrough have been published.
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Senior Newcastle appointments for BNP Paribas Real Estate

BNP Paribas Real Estate has completed a senior appointment at its Newcastle office as part of 30 promotions completed across the UK.
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Landsec establishes rent relief support fund

Property giant Landsec has established an £80m rent relief support fund for tenants affected by the coronavirus outbreak.
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Manufacturing

Tees Valley mayor and engineering network calls for PPE donations

Tees Valley mayor Ben Houchen has joined a regional engineering organisation in urging businesses to donate unused or excess personal protective equipment (PPE) to frontline hospital and healthcare staff.
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