Tuesday 9 March 2022

Bakery giant Greggs has said it emerged "both stronger and better as a business" from the pandemic, following a strong year when total sales increased and it returned to profit. As a result of the return to profitability, Greggs' colleague profit-sharing tradition has recommenced and it will share £16.6m with staff.
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Steve Plaskitt, a partner at MHA Tait Walker Corporate Finance, looks at the importance of "Management, Management Management" to a successful MBO.
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The Government-backed Start Up Loans programme has provided more than £16m to women entrepreneurs in the North East.
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BAE Systems has completed its £150m acquisition of Bohemia Interactive Simulations (BISim) after receiving regulatory approvals.
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Global Risk Partners (GRP), a group including about 2,100 insurance professionals in more than 110 locations across the UK and Ireland, is to be acquired by US-headquartered brokerage firm Brown & Brown.
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The Milburngate Phase 1 development, which will create hundreds of new apartments and leisure facilities, has taken a further step towards completion following the removal of the site's largest tower crane.
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Newcastle-based property firm The Hanro Group has made a number of senior appointments as it continues to develop and expand its investment and development operations.
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Plans for a 51-bed supported living development for older people in North Tyneside have been backed by the council.
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A major partnership has been formed with the aim of boosting the provision of affordable homes and mixed-tenure sites across the UK.
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A historic Hebburn-based brush manufacturer has appointed a new managing director.
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The Student Loans Company has launched a recruitment drive with 150 new roles available in the region.
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The equity fund managers from the British Business Bank's regional funds have all become signatories of the Investing in Women Code, a commitment by financial services firms to improve female entrepreneurs’ access to tools, resources and finance.
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The UK light commercial vehicle (LCV) market declined during February but remained above pre-pandemic levels, according to the latest figures.
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GFG Alliance (GFG), the owner of Liberty Steel Group, has reported "significant progress" with creditors, including the withdrawal of winding up petitions by HM Revenue & Customs.
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