Tuesday 3 May 2022

The chief executive of the company behind kitchen retailer Magnet has said he is "confident in delivering a successful year" following its best ever winter sale period, and narrowed losses.
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Insider invited a group of industry and public sector experts to take part in this special roundtable, to find out what's happening on the ground and where funding is coming from, and to explore what more should be done to maximise the opportunities that Net Zero will provide for the region.
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Submissions into the hugely popular North East Dealmakers Awards have now opened, with Insider seeking entries from the region's corporate finance firms, banks and private equity houses.
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A County Durham-based freight operator and its 250,000 sq ft industrial estate has been acquired by private equity firm Winch & Co.
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Ritchie Bros Auctioneers's planned acquisition of Euro Auctions group for an enterprise value of £775m has been terminated. The business said the decision follows the referral of the proposed deal to a phase two review by the Competition and Markets Authority.
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Blyth-headquartered Tharsus is one of the UK's largest manufacturers of commercial robots, with an industry leading reputation creating robotics and tech – known to the business as strategic machines - that deliver competitive advantages and commercial success for its customers. The company's success has been driven by its founder, Brian Palmer, who spoke with Insider's Philip Cunliffe to explain his plans for significant future growth.
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Heineken UK is investing £850,000 in to three projects in the North East within its Star Pubs & Bars estate.
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Sustainable materials company Sphera has moved into a new premises at Jade Business Park in Seaham, in a move supported by Swinburne Maddison.
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The founder of one of the North East's leading strategic machine manufacturers has told Insider that the business is poised for significant growth in the coming years.
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Durham-headquartered industrial and property services company Hargreaves Services has said it expects further improvements to its financial results following the continued strong performance of its German joint venture.
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BGL Insurance has revealed plans to expand its Sunderland technology hub with ten new roles.
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Law firm Irwin Mitchell has made a number of promotions at its Newcastle office.
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High street gift card retailer Card Factory has reported a return to profit in its full-year results, with a steady improvement in trading for its stores following the easing of lockdown restrictions.
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UK commercial vehicle (CV) production grew by almost 60 per cent during the first quarter of 2022, according to the latest figures.
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OTHER NEWS

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