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Engineering
17:01, 19 AUG 2024
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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South West energy services firms snapped up by cash shell
Deals
Formal approval of the deal will be sought at a general meeting at the end of August
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Cornish Metals appoints new chief executive
Appointments
Don Turvey will move from South Africa to Cornwall to take up the role
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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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Ƶ 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, Ƶ 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 Ƶ 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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