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North East Wednesday 26 January 2022

LATEST NEWS

TOP STORY Return to profit for floral foam manufacturer The Washington-headquartered European arm of a global manufacturer and inventor of floral foam has reported a return to profit in its latest accounts. Read More

INSIDER FEATURE Ask the expert: How to secure a role in a private equity-backed business Now may be the time to consider your next role and securing a position in a private equity-backed business offers a great opportunity to participate in a life changing equity event. It is no surprise that these roles are sought after, but how do you seize an opportunity in this space? David Blair from BlairWest offers his advice. Read More

DEALS Silicone moulds maker swoops for European firm South Shields-based silicone moulds maker Katy Sue has acquired one of its European competitors as part of a buy and build strategy. Read More Tech company secures £150k investment A County Durham-based software-as-a-service (SaaS) company has secured £150,000 worth of funding to drive forward the development of its technology. Read More Element snapped up in landmark deal Element Materials Technology Group, a global business specialising in testing, inspection, and certification services with bases across the UK, has been acquired in a multibillion-pound deal by Temasek from Bridgepoint. Read More CMA serves initial enforcement order on National Express and Stagecoach merger The Competition and Markets Authority (CMA) has served an initial enforcement order in relation to the agreed all-share combination of National Express and Stagecoach. The deal is expected to create a group with a fleet of about 40,000 vehicles and a workforce of approximately 70,000 people. Read More

PROPERTY Seaside office building acquired for £3m A three-storey sea view office building in Seaham has been sold to a private investor for a purchase price of £3m. Read More Architects and design firm eyes further growth A Stockton-on-Tees-based architects and interior design company, which merged with a London firm in 2021, is eyeing growth after strong end-of-year trading and a number of multi-million-pound project wins. Read More Project management firm opens Tees Valley office Project and programme management company Mercury3 Consult has opened a new Middlesbrough office. Read More Northern School of Art scheme completes The multimillion-pound building which will house the relocated Northern School of Art has been completed. Read More

BUSINESS bp submits Government bids for low carbon projects Global energy company bp has submitted bids to the Government to secure support for two low carbon energy projects in the North East. Read More Group revenue growth at Sage Technology giant Sage has said it is accelerating growth in line with expectations following an increase in recurring revenue and total group revenue in Q1 22. Read More Mixed picture for financial services investment in the North – EY Inward investment in the financial services in the North of England varies significantly across the region, according to EY's latest UK attractiveness survey. Read More Unilever to cut about 1,500 management roles globally Unilever, the consumer goods giant behind brands including Marmite, Vaseline and Ben & Jerry's, has confirmed plans to cut about 1,500 management roles globally as part of a simplification of its business model. Read More Muckle expands agriculture team Newcastle-based law firm Muckle has expanded its agriculture, estates and private client department to meet increasing demand for its services. Read More Pets at Home eyes further growth after revenue rise Revenues have surged at Pets at Home in its third quarter, with its chief executive saying the group is on track to report a record year of sales and growth. Read More

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UPCOMING EVENTS 24 Mar Insider Made in the North East Awards 2022 19 May Insider North East Property Awards 2022 21 Jul 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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