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North East
Insider News
Wednesday 26 January 2022

LATEST NEWS

TOP STORY

The Washington-headquartered European arm of a global manufacturer and inventor of floral foam has reported a return to profit in its latest accounts.
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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

South Shields-based silicone moulds maker Katy Sue has acquired one of its European competitors as part of a buy and build strategy.
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A County Durham-based software-as-a-service (SaaS) company has secured £150,000 worth of funding to drive forward the development of its technology.
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Element Materials Technology Group, a global business specialising in testing, inspection, and certification services with bases across the UK, has been acquired in a multibillion-pound deal by Temasek from Bridgepoint.
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The Competition and Markets Authority (CMA) has served an initial enforcement order in relation to the agreed all-share combination of National Express and Stagecoach. The deal is expected to create a group with a fleet of about 40,000 vehicles and a workforce of approximately 70,000 people.
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PROPERTY

A three-storey sea view office building in Seaham has been sold to a private investor for a purchase price of £3m.
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A Stockton-on-Tees-based architects and interior design company, which merged with a London firm in 2021, is eyeing growth after strong end-of-year trading and a number of multi-million-pound project wins.
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Project and programme management company Mercury3 Consult has opened a new Middlesbrough office.
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The multimillion-pound building which will house the relocated Northern School of Art has been completed.
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BUSINESS

Global energy company bp has submitted bids to the Government to secure support for two low carbon energy projects in the North East.
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Technology giant Sage has said it is accelerating growth in line with expectations following an increase in recurring revenue and total group revenue in Q1 22.
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Inward investment in the financial services in the North of England varies significantly across the region, according to EY's latest UK attractiveness survey.
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Unilever, the consumer goods giant behind brands including Marmite, Vaseline and Ben & Jerry's, has confirmed plans to cut about 1,500 management roles globally as part of a simplification of its business model.
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Newcastle-based law firm Muckle has expanded its agriculture, estates and private client department to meet increasing demand for its services.
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Revenues have surged at Pets at Home in its third quarter, with its chief executive saying the group is on track to report a record year of sales and growth.
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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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