Today's North East business news from Insider |
Latest News | Middlesbrough-based Avenium Engineering has completed the acquisition of one of its counterparts as part of continued plans for growth.
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Following government guidelines around the Covid-19 outbreak, businesses have adapted to their employees working remotely. Teams are spread out and working from various locations which creates additional threats to business operations, in particular cyber security. Tony Snaith, CEO of Communicate Technology, discusses some of the challenges businesses are facing and what they should be considering to protect themselves.
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The Rugby Football League (RFL) has secured a £16m emergency loan from the government to safeguard the immediate future of the sport.
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Allied Irish Bank (GB) has been approved for accreditation by the British Business Bank as a new lender for the government-backed Coronavirus Business Interruption Loan Scheme (CBILS), with support lined up for companies across the North and Midlands.
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Shoe Zone has secured a £15m loan to help it cope with the Covid-19 pandemic but admitted that there is "significantly more to be done" to protect its financial position.
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There is no getting away from the fact that recent events have changed the way we live and do business. Stephen Adair, Partner of Broad Chare Partners, offers expert advice to business owners during this challenging period.
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County Durham-headquartered supplier of detection technology Kromek has said that it is confident of its ability to withstand the Covid-19 crisis, with the group expecting to report revenues similar to last year.
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The chief executive of bakery giant Greggs has said that the company's trial reopening will now be behind closed doors due to concerns over the number of potential customers that could visit the selected branches.
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Two North East wind farms that are owned and operated by renewable energy firm Banks Renewables generated enough electricity in 2019 to meet the annual power needs of more than 18,000 homes.
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Stockton-based recycling firm Scott Bros is working to meet the rising demand for topsoil as the Covid-19 lockdown causes a surge in gardening.
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The banking and finance sector has provided more than £4.1bn to SMEs through the Coronavirus Business Interruption Loan scheme (CBILS), according to new figures from UK Finance. However, the Federation of Small Businesses (FSM) has said that there are still problems that need to be addressed.
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Wilko's revenue fell by almost £90m while its pre-tax profits slumped by about two thirds during its latest financial year, according to new figures. However, the group has "strong plans in place to further improve the customer proposition, operational delivery and effectively manage cash in 2020 and beyond".
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Intu has appointed a former PwC and EY specialist as its chief restructuring officer as it eyes a turnaround in fortunes.
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Newcastle-headquartered LSL Property Services, which operates the likes of Your Move and Reeds Rains, has confirmed the appointment of a new chief executive.
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The South Tees Development Corporation has been successful in its bid to bring the former SSI steelworks into public ownership, along with a further 112 acres of land.
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The green light has been secured for a new housing development set to provide 58 new homes in Longframlington, Northumberland.
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Proposals for the development of 40 new homes within a County Durham village have been submitted.
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Barratt Developments has announced that construction work will resume at half its sites from 11 May.
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Pegasus Group has detailed how local planning authorities are adapting to the ongoing pandemic.
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A Consett-based medical device manufacturer has recruited 10 new members of staff as it aims to produce 100,000 face shields a week.
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Automotive giant Nissan has revealed that it is planning a phased resumption of vehicle production in June.
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Construction materials giant Breedon is to reopen a number of its sites over the coming weeks.
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The production of commercial vehicles in the UK slumped 41.8 per cent in March, according to new figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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| | The region's top places to hold events, conferences and meetings.
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