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Engineering

Hull construction firm starts work on major new £12m college campus
Construction
Once complete in 2025, Skegness Learning Campus will offer a diverse range of vocational education courses
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Former RAF boss Dame Sue Gray appointed chair of Bristol aviation fuel company
Appointments
She will help CirculAIRity as it focuses on its expansion, the firm said
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County Durham manufacturer GT Emissions Systems snapped up by new owners
Deals
The Peterlee firm turned over more than £52m last year and has been sold to Rcapital Partners
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º£½ÇÊÓƵ construction sector surges to two-year high, driven by housing growth and civil engineering
By City AM
The closely-watched S&P's purchasing manager's index for the construction sector jumped to 55.3 in July, up from 52.2 in June
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Wood Group stock tanks after Dar Al-Handasah pulls out of acquisition deal
By City AM
Dubai-based engineer Dar Al-Handasah, known as Sidara, has ended takeover talks with London-listed John Wood Group, citing "rising geopolitical risks" and "financial market uncertainty"
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Exeter tech firm to create jobs after securing nearly £900,000
Technology
The investment was part of a wider fundraise of £1.8m designed to support the company's growth
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Exeter Chiefs strike deal with Devon tool supplies business
Deals
Exeter-based Troy will be sponsoring the English Premiership rugby team for the 2024-25 season
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North East business life: community and charity events of the week
People
Companies featuring in this week's round-up include Womble Bond Dickinson, OnPath Energy, The Banks Group, º£½ÇÊÓƵ Docks and Tier One Capital
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Major milestone for Rolls-Royce small nuclear reactor plans with regulators in England and Wales
Energy
Engineering giant says it will 'support the º£½ÇÊÓƵ Government in realising its ambition of delivering new nuclear at pace'
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Profits rocket at Filtronic as emerging space market helps business take off
Technology
The NETPark innovator's operating profit came in at £3.6m – a massive leap on the 2023 figure of £200,000
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People on the move: key North East appointments and promotions
Appointments
Companies announcing new roles include Armstrong Watson, Petards, Pragmatic Semiconductor, Deloitte, Bernicia and RWO
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Babcock International profits soar amid 'sustained uplift in global defence spending'
By City AM
The British defence giant said revenue for the year to March 31 rose to £4.44 billion, up from £4.39 billion the year before, while underlying operating profit jumped 34% to £238 million
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Northumberland firm has designs on growth after expansion into new base
property news
AS Design North East has moved after securing investment from the North East Small Loan Fund earlier this year
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North East business life: charity, award and community events of the week
People
Companies featuring in this week's round-up include My Property Box, Houghton International, TT2, Sunderland City Hall, Torgersens Chartered Accountants and Jacksons Law Firm
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Durham's Esh Group gears up for future with record £1.6bn order book
Construction
The construction business is also set to create a number of new jobs in the year ahead
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Climbing centre Rockcity set to launch new Hull manufacturing facility
property news
The company is also taking part in the Olympic Games - as a provider of the competition climbing walls
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Student accommodation specialist Abode plans new HQ in former bank in Alderley Edge
Offices
Developer planning to convert landmark former Barclays with support from lender Together
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Outsourcing leader Mitie Group hits £1.16bn revenue following major contract wins and acquisitions
By City AM
The London-listed outsourcing group has been on a buying spree in recent months and has also secured a number of high-profile contract wins
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Sthree bucks wider sector trend as it hikes dividend
By City AM
The company saw its like-for-like revenue fall by five per cent in the six months to May 31, down from £825.2m last year to £763.4m.
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Praetura Ventures backs AI and e-ecommerce specialist Ocula
Lloyds
'AI’s role within e-commerce has grown exponentially over the past several years'
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North East deals of the week: key contracts, investments and acquisitions
Deals
Businesses featuring in this week's round-up include Peachy Digital and Fresh Digital, The Edwin Group, Deep North, B7 and Dodd Heres
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TechnipFMC secures deal with Energean for Mediterranean Sea project worth up to $1bn
Deals
It is hoped the project will bring work to the North East firm's Tyneside yard
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Thousands of North East businesses battling financial distress, new data reveals
Finance
The latest Red Flag Alert data from Begbies Traynor shows the number of businesses feeling financial distress has jumped by more than 40% in a year
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Engineering group expands with South East buyout deal
West Midlands
Black Country outfit Wintech is broadening its range of services with new acquisition
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