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North East
Insider News
Friday 28 January 2022

LATEST NEWS

 

TOP STORY

A Newcastle-headquartered design practice is anticipating a further rise in sales off the back of a strong year.
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INSIDER FEATURE

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.
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DEALS

Medical products and technologies business ConvaTec Group has agreed to acquire Triad Life Sciences, a US-focused medical device company. The deal, for an initial $125m, represents an entry into the large and rapidly growing wound biologics segment.
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Capita has agreed to sell a £120m-turnover IT services business to One Equity Partners in a deal worth up to £115m.
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Marlowe's £135m acquisition of an occupational health and wellbeing company which employs about 1,000 staff has completed.
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The Competition and Markets Authority (CMA) has launched an inquiry into the completed acquisition of Morrisons by US private equity firm Clayton, Dubilier & Rice.
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PROPERTY

A Sunderland shopping centre and retail park have been acquired by LCP Group alongside a retail destination in South Wales in a deal worth a combined £138m.
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Planning permission has been granted for 308 Newcastle homes - the first of three developments which will create more than 500 houses across the city and support in excess of 1,300 jobs.
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Middlesbrough College Group has submitted plans for a multimillion-pound engineering facility which would support Teesside's Net Zero aims.
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PR and communications agency 32West has acquired a new office space in Team Valley in order to serve its growing client base in the region.
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Work has started on the design and construction of the new Durham Investigative Hub at DurhamGate for the Durham Constabulary.
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A new joint venture partnership targeting the purpose-built student accommodation (PBSA) sector has launched.
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BUSINESS

Wet civil engineering company Land & Water, which recently established a new regional base in Newcastle, has secured a multimillion-pound infrastructure contract with PD Ports to upgrade Teesport Number Two Ro-Ro.
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Britishvolt, which is behind plans to create a 30GWh Gigafactory in Blyth, has signed a memorandum of understanding with UK sports car manufacturer Lotus to demonstrate tailormade battery cells.
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Team-Valley based NTG Precision Engineering has continued to expand its workforce with three appointments and more to follow.
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Newcastle-based RMT Technology, the sister company of RMT Accountants and Business Advisors, is targeting growth in 2022 after capitalising on increasing demand for its services across the last two years.
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Middlesbrough-based Freers Askew Bunting Solicitors has appointed a matrimonial lawyer as the firm continues to expand its 76-strong team and network of offices.
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MANUFACTURING

UK car production continued to decline during 2021, according to new figures, but the accelerated push for electric vehicles brightened the market's outlook.
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OTHER NEWS

 

UPCOMING EVENTS

 

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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