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North East
Wednesday 6 May 2020

Latest News

Top Story

Plans for new homes on site of former Go-Ahead depot

Plans have been lodged for a new affordable housing development on the site of the former Go-Ahead Bus Depot in Gateshead, set to provide almost 100 construction jobs.
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Insider Feature
Feature 1

Business Matters: COVID-19 – a crisis apart

As the economic fall-out from Covid-19 bites, John Swarbrick, head of portfolio at BGF, considers what management teams can do to navigate the here and now.
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Deals

CMA blocks Footasylum deal as Cowgill slams decision

JD Sports has been told to sell Footasylum after the CMA found that the £90m deal – which completed last year – would leave shoppers worse off. Chairman Peter Cowgill has slammed the decision, which he said had relied on an "inaccurate and outdated analysis of the UK sports retail competitive landscape".
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Snack Media targets growth after fresh acquisition

Snack Media is aiming to become "one of the largest sports publishers in the world" after completing the acquisition of GIVEMESPORT.
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National Express reveals significant placing to help combat crisis

National Express has revealed a proposed placing of up to 19.99 per cent in order to boost its "resilience and financial flexibility" in the face of the Covid-19 crisis.
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Insider Feature
Feature 2

Ask the expert: Why engagement matters

Amrit Naru, director for ADP Architecture’s Newcastle studio, looks back on the practice's involvement in the award-winning regeneration of Spanich City, and how community engagement played such as strong part in turning the vision into reality.
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Business

NE economy losing more than £70m a day - report

The value of goods and services in the North East is dropping by more than £70m a day due to the Covid-19 lockdown, according to a new UK Powerhouse report.
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Virgin Money UK profits hit by Covid-19 charge

Pre-tax profits have fallen in the interim results Virgin Money UK with the group setting aside £232m to cover future loan losses following the coronavirus outbreak.
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Business Durham appointed to lead satellite innovation centre

Business Durham has been appointed to lead the North East Satellite Applications Centre of Excellence until March 2022, having provided support to the sector since 2014. 
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Sunderland BID launches Covid-19 expert support panel

Sunderland BID has launched its Covid-19 expert support panel to help businesses get advice through special online sessions.
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Production company starts online events business as Covid-19 support

A Gateshead-based production company has launched a sister organisation to offer a range of services for conference and events organisers during the Covid-19 crisis.
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Dynamo hails members supporting virus fight

Technology organisation Dynamo has hailed its members that are supporting the battle against Covid-19 and has said that the North East's tech companies will play a significant role in the region's economic recovery.
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Virgin Atlantic to slash 3,150 jobs amid Covid-19 crisis

Virgin Atlantic has revealed plans to pull out of London Gatwick Airport, carry out a major rebrand and close a chunk of its retail stores as part of its plans to "reshape and resize the business" in response to the coronavirus pandemic. The process is expected to impact more than 3,000 jobs.
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New car market plummeted 97 per cent in April

New UK car registrations plummeted 97.3 per cent in April because of the Covid-19 pandemic, new figures have revealed.
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Property

Tolent outlines involvement in Nightingale North East

Gateshead-based contractor Tolent has outlined its involvement in completing the NHS Nightingale Hospital in Sunderland.
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MCR Property Group offers site for Covid-19 testing

MCR Property Group has offered its site at Hadrian Enterprise Park in Haltwistle to be used for essential Covid-19 testing for key workers in both the Northumberland and Cumbrian area.
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Retail parks deal worth £400m collapses

Hammerson has moved to terminate a £400m deal to sell nine retail parks after the buyer did not complete the transaction on the agreed date.
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LondonMetric’s placing raises £120m

Property investor LondonMetric has completed a share placing, raising £20m more than its original target.
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Manufacturing

Osbit secures vessel operator contract

Northumberland-based offshore equipment supplier Osbit hassecured a contract with Seajacks to design and build a monopile upending bucket to be used by the vessel operator in its offshore wind turbine installation projects.
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New Ashington Scrub Hub ready for orders

The new Ashington Scrub Hub is ready for orders and is urging South East Northumberland’s NHS and care workers to get in touch if they are in need of protective equipment.
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