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North East
Friday 26 June 2020

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Game development company acquired in £2m deal

A Gateshead-based video game development company has been acquired by Keywords Studios in a deal worth up to £2m.
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Insider Feature
Feature 1

Business Matters: The impact of Covid-19 on landlords and tenants

Kevan Carrick from JK Property Consultants, looks as the impact of Covid-19 on landlords and tenants.
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Deals

MHA Tait Walker helps businesses secure £15m of Covid-19 support

North East accountancy and advisory firm MHA Tait Walker has helped business owners secure £15m in financial support during the Covid-19 outbreak.
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Shareholders back new JV by brewery giants

Almost 99 per cent of Marston's shareholders have backed the formation of a joint venture with Carlsberg UK to create a brand-led UK brewer of scale.
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Stobart Group to proceed with £100m fundraising plans

Stobart Group is moving ahead with plans to raise £100m.
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Tenzing raise £400m for its second fund

Private equity investor Tenzing has raised £400m for its second fund. The fund was raised inside nine weeks through an entirely virtual process.
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Business

Mayor sets of detail of £1m hospitality and tourism support

Tees Valley mayor Ben Houchen has unveiled details of a £1m support package for frontline hospitality and tourism businesses in the region, including a fund to help them reopen in time for summer.
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Branding agency on course to double turnover

A North East branding and web design agency is on track to double turnover after experiencing strong demand for its services.
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Property

New Teesside plastic processing plant to create 50 jobs

A North East company that processes plastic into oil, bio-diesel and other bi-products has revealed plans for a new Teesside plant which is set to create 50 jobs.
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Mine extension plans recommended for approval

Plans for an extension to the Bradley surface mine in County Durham are recommended for approval at a meeting next week.
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Farming firm expands with acquisition

A Northumberland farming company is expanding its operations after completing the acquisition of an agriculture business and 123 acres of arable land for a seven-figure sum.
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Administration looms for shopping centre giant

Intu, which is behind some of the UK's best known shopping centres including the Trafford Centre and Gateshead's Metrocentre, is on the brink of administration after terms could not be reached on standstill-based agreements. The company had previously appointed KPMG to contingency plan for such an outcome.
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Manufacturing

Pre-tax losses slashed at Carlsberg UK

Pre-tax losses were slashed at the UK arm of beer giant Carlsberg during the company's latest financial year, newly filed documents have revealed.
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Worst May for UK car manufacturing since 1946

UK car manufacturing output fell more tha 95 per cent in May, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Other News

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