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North East
Insider News
Wednesday 16 March 2022

LATEST NEWS

 

TOP STORY

A Saudi energy giant has revealed it will invest £1bn into its Lighthouse Green Fuels Project on Teesside, creating hundreds of jobs.
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INSIDER FEATURE

One of the emerging corporate trends from the last couple of years has been the increase in the number of joint ventures that are being undertaken. Ben Jackson, associate in Hay & Kilner's corporate team, looks at what you need to consider before setting one up.
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DEALS

Verso Wealth Management – a portfolio company of Cairngorm Capital Partners – has expanded into the North East with the acquisition of a Sunderland firm.
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An offshore energy consultancy, with operations in Newcastle, has secured a £1m loan from BOOST&Co, which will enable it to maintain its global reach and support ongoing and new initiatives in the energy transition sector.
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A Middlesbrough-based vinyl pressing business is set to create up to 46 new jobs over the next three years, following a £350,000 investment.
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More than £71m has been invested by NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF), since its launch five years ago.
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INSIDER FEATURE

Nicola Broadfoot from AAF says the Covid pandemic has made people more aware of the need to improve their indoor air quality (IAQ). With people gradually returning to work and public environments, the importance of safety and wellbeing is at the forefront of people's concerns.
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PROPERTY

Listed property group LSL has been buoyed by a record year and outlined plans for further growth and investments.
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Construction has begun on a £24m residential development in Stockton-on-Tees.
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Newcastle-based iamproperty Group has reached a 300-employee milestone, after taking on 15 new starters in the first few months of 2022.
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Plans to build a student accommodation block in Middlesbrough, at a site which has experienced issues with fly tipping, have been deferred for a second time.
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BUSINESS

Newcastle-headquartered digital transformation specialist whyaye has entered into a partnership with US-based company 3CLogic, in a move which will strengthen its service offerings.
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Deloitte has launched a recruitment drive in the Tees Valley where it will hire for an initial 25 roles.
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Darlington-based Redde Northgate has said it is trading ahead of expectations, driven by a strong performance across the business. The listed company has also launched a share buyback programme for up to a maximum consideration of £30m.
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HSBC UK has announced that it will close 69 of its branches as more people switch to mobile and online banking.
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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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