Today's Yorkshire business news from Insider |
| New £100m banking facilities for Redcentric | Harrogate-headquartered IT managed services provider Redcentric has completed and increased the refinance of its group debt facilities that were due to mature at the end of June. The new £100m facility provides the listed business with additional liquidity to be used for working capital purposes and to fund acquisitions.
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| Business Matters: History lessons in sustainability | We all want sustainable buildings, but when we drill down into how we actually deliver the vision, it can be challenging to see a clear path. Colin Harrop, partner in Sanderson Weatherall’s Building Consultancy team, looks at some of the lessons to learn from the built environment legacy that surrounds us.
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| National Express reiterates belief in proposed combination with Stagecoach | The boss of National Express has said the business continues to believe its proposed combination with Stagecoach offers superior value creation to the rival offer which has been recommended to Stagecoach shareholders, but added that the firm remains "disciplined in the assessment of our options going forward". Revenues at National Express have bounced back to 2019 levels during the first quarter of its financial year.
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| Contracts exchanged for Leeds BTR | A Marrico Helios joint venture has exchanged contracts with US multi-family investor Cortland Group for a major build to rent (BTR) scheme at its £300m Lisbon Street development in Leeds city centre.
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| Strong start for Drax Group | Energy company and power station operator Drax Group has hailed its "strong system support performance" during the first quarter of its financial year. The business also reiterated its plans to invest £3bn this decade in "vital" renewable energy.
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| Oscrete doubles lab space | Bradford-based concrete admixture manufacturer Oscrete UK has doubled its laboratory capacity to increase production in order to help with the challenges in the construction industry.
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