Demand accelerates for historic manufacturer despite challenges

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Today's North East business news from Insider |

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North East

Thursday 7 April 2022

LATEST NEWS

TOP STORY

Demand accelerates for historic manufacturer despite challenges

The operations manager at historic manufacturer TMD Friction has told Insider there are "no signs that things will slow down" as client demand remains high, although further investment is needed to offset increasing industry and economic pressures.
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INSIDER FEATURE

Ask the Expert: How and where do early stage businesses raise capital?

Lee Humble, associate partner for corporate finance at MHA Tait Walker, looks at how and where early-stage businesses raise capital.
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DEALS

Anglo Scottish backs access rental company

Chester-le-Street-based Anglo Scottish Asset Finance has backed the change of direction for an access rental company with £160,000 of funding.
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Aurelius completes CTD carve-out

Pan-European asset management group Aurelius has completed its carve-out acquisition of Ceramic Tile Distributors (CTD), a specialist supplier of ceramic tiles operating across 89 UK branches and four trading distribution hubs.
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£100m funding to support firm’s acquisition and growth strategy

The parent company of national financial advisory business Foster Denovo has secured up to £100m of funding which will be used to fund the company's acquisition and growth strategy.
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INSIDER FEATURE

Ask the expert: Five ways to enable sustainable business practice – are you doing your part?

Sally-Ann Cain, relationship director at Barclays, looks at five ways to enable sustainable business practice.
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Roundtable: North East Making Technology Work

The importance of digital technology in helping businesses to stay productive and maintain growth is now clearer than ever. The adoption of cloud services particularly is providing businesses flexibility for staff, greater process efficiencies and faster access to digital services.
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PROPERTY

Womble Bond Dickinson secures £4m funding for office move

Law firm Womble Bond Dickinson has received £4m in funding from HSBC UK to support its move into a new office space at Newcastle's Helix development.
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Multimillion-pound funding secured for engineering facility

Plans to build an engineering facility that could transform Teesside's Net Zero aims have secured £4m of Government funding.
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Approval lined up for micropub

A vacant pharmacy in Whickham could soon become a micropub as plans are set to go before the council.
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BUSINESS

UK Government unveils strategy to accelerate homegrown power

The UK Government has unveiled a new strategy for how Britain can boost its long-term energy independence through quicker expansion of nuclear, wind, solar, hydrogen, oil and gas, including delivering the equivalent of one nuclear reactor a year instead of one a decade.
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New managing director at Castle Building Services

Hebburn-headquartered Castle Building Services has appointed its new managing director.
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Flurry of promotions at Muckle

Newcastle-based law firm Muckle has made nine promotions, including three new partners.
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Design services company launched

North Shields-based Carney Consulting has revealed the launch of a sister company which will provide principal designer services.
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Likewise Group to create more than 100 jobs

Likewise Group, a distributor of floorcoverings and mattings, is to create more than 100 jobs as it continues to roll out its logistics infrastructure.
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MANUFACTURING

LCV market hit by supply and delivery issues

The UK's light commercial vehicle (LCV) declined by almost 30 per cent during March due to supply and delivery issues, according to the latest figures.
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