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Engineering

Durham engineering firm sold in pre-pack deal after collapsing owing £2.4m
Deals
The company and its assets have been sold to AEL Automation Ltd for a five-figure sum
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Robotics firm Tharsus sees turnover drop after Ocado partnership ends
Engineering
The Blyth business said it is now bringing in new customers and a new spin-out is set to be launched soon
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Government scheme "critical" to Humber decarbonisation ambitions has completed
Climate Agenda
Industrial Decarbonisation Challenge is said to have laid the foundations for a carbon capture, usage and storage industry of which the region will be a leader
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North East marine services firm secures further Royal Navy work in £4m maintenance contract
Maritime
Ƶ Docks will service 38 new, small workboats that come from the Ministry of Defence's Project Vahana
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Subsea engineers DME Systems expand on Tyneside following job creation
Engineering
The growing firm has taken on 11,500 sgt ft of space in South Shields
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Humber Freeport helps to secure £250m investment by Mitsubishi Chemical Group
Deals
The chemicals giant has committed to invest in a new production line at Saltend Chemicals Park
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Locals to have their say on MIX MANCHESTER science and manufacturing campus next to Manchester Airport
property news
Plan for 'Ƶ’s first airport-based science, innovation, and manufacturing campus'
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Wood Group reports loss in first financial results post-Sidara deal fallout, maintains future guidance
By City AM
The company's revenues fell by 4.8% to $2.8bn (£2.2bn) in the six months to June 30
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Tech giant Arm to move into Gary Neville's St Michael's scheme in 'largest letting in city for two years'
property news
Relentless Developments hails 'momentum building' at flagship city scheme
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North East deals of the week: key contracts, acquisitions and investments
Deals
Organisations announcing deals this week include Noah's Ark Nursery, Kerato, hedgehog lab and Newcastle city council
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Johnston Carmichael boosts North East presence with office expansion
property news
The business has expanded into a new office at Maybrook House in Newcastle
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Height access specialist UbiQ acquired by risk management group British Engineering Services
Deals
UbiQ team works in sectors including railways and energy
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Rolls-Royce chief's £40m payday may be justified - here's why
By City AM
Tufan Erginbilgic's £13m pay in 2023 made him the third highest paid FTSE 100 CEO, but critics would be hard pressed to find fault in the Turkish businessman's performance
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Marina sold to civils contractor
West Midlands
Fazeley Mill Marina near Tamworth has been acquired by The Rothen Group to support its growth plans in the waterways sector
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Jobs lost as Coventry Engineering Group ceases trading
West Midlands
Administrators were called in last month at the firm which made precision tooling
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Timber companies strike deal months after death of co-founder
Deals
The late Charley Brentnall founded Devon's Carpenter Oak Build in the 1980s and Bristol-based Xylotek in 2018
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Cornish Metals swings to loss of $4.1m as works progress on South Crofty mine
Company Results
The AIM-listed firm is working to revive tin production in Cornwall
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Tata Steel £100m transition fund sees its first release of money
Ƶ Government
The fund will support steelworkers losing their jobs following Tata's decision to close its blast furnace operation at Port Talbot and help supply chain companies find new customers
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Renewables giant Siemens Gamesa plans Hull wind turbine plant expansion, creating 40 jobs
Engineering
The company says the move would be of "significant economic, social and environmental benefit” to Hull
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Ƶ construction leader Balfour Beatty sees profits rise to £98m, remains positive on infrastructure growth
By City AM
The construction group, which has been working on a number of major projects in the Ƶ, said it remains positive about the "direction of travel" despite Labour's cutbacks
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1,600-tonne bridge installed as part of HS2 project
West Midlands
New high-speed rail lines will pass under Aston Church Road bridge when they start running trains to and from Birmingham
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Sheffield hydrogen tech pioneer ITM Power signs contract for Refhyne II project
Energy
Refhyne II will use renewable electricity to produce up to 44,000 kilograms of renewable hydrogen daily
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Newcastle biotech business Kerato strikes partnership with Canadian university
Deals
The two organisations will work together towards commercialising lab-grown corneas
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Cheltenham engineering firm's results 'below expectations'
Company Results
Spirax-Sarco is not expecting a meaningful recovery until late in 2024, it said
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