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Enterprise

North East business life: charity and community events of the week
People
Organisations to feature in this week's round-up include: JLF Law, iamproperty, Mediaworks, Emmaus North East, Newcastle Building Society Community Fund and Bloom Procurement Services.
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10 questions for Andrew Scott of MAC International
People
The sales director at the supplier of industrial washing equipment answers our questions
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Samworth Brothers sales soar past £1.5bn after price rises for customers
By City AM
The group's pre-tax profit was also cut from £20.4m to £5.6m in the year after it closed Revolution Kitchen in October 2023 after the brand made "significant losses"
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Bridgend industrial repairs firm Kontroltek acquired by its employees
Deals
The firm has been acquired via an employee ownership trust.
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Haven holiday parks owner slips into the red after selling Butlin's
By City AM
Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of £166.5m for 2023, according to newly-filed accounts with Companies House.
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Direct Line reports profit but loses 250,000 motor insurance customers amid price hikes
By City AM
The FTSE 250 insurer declared an interim dividend of 2p per share as it reported an ongoing operating profit of £63.7m for the six months to June 30, according to a company-compiled consensus
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London's Segro set to acquire Tritax Eurobox in a strategic £552 million deal
By City AM
The takeover has come at a 27% premium to the closing price of each Tritax share as of 31 May, the last business day before the offer period
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Harlech Foodservice wins first schools contract in South Wales
Enterprise
The contract win is part of its ambitious growth strategy in South Wales.
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Healthcare entrepreneur donates £1.25m to set up Newcastle University academy
SMEs
Rob Wood left a corporate career in pharmaceuticals to set up a business which he sold in an £84m deal in 2016
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Record-breaking revenue and profit for Flutter Entertainment's Tombola
By City AM
The Sunderland-headquartered company, which was founded in 1999, has filed its latest set of accounts with Companies House
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Johnson Service Group reports double-digit growth and acquires rival for £20m
By City AM
The AIM-listed company, which provides textile rental, cleaning and care for service and healthcare industries, reported adjusted profit before tax rose by 31.1% to £21.5m in the six months ended 30 June 2024
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Wholesaler Kitwave signals strong summer as investments pay off
Retail & High Street
After wet weather subdued first half orders, the Tyneside group said it was pleased with what is traditionally its busiest time
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The Cornwall Garden Society charity announces merger
South West
It has combined with county heritage organisation Cornwall Gardens Trust
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Gloucestershire drilling firm sells geothermal division
Deals
ADP Group is an independently owned business headquartered in Wickwar
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Tyne Tunnels operator TT2 sees turnover and profits fall despite record traffic levels
Transport
The operator company said it has continued to invest in the tunnel infrastructure
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Vertu Motors banks on used cars and servicing in subdued market
Automotive
The Gateshead firm has seen profits fall in the first half of the year but is expecting better performance in the months ahead
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Maritime tech firm strikes deals worth $4.6m in Asia
Deals
SRT Marine Systems will provide support, data and maintenance services to sovereign agencies in two large countries
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Opinion: Desk jobs can be killers – here’s how strength training at work can help
Enterprise
Ashley Gluchowski, University Fellow and Clinical Exercise Physiologist at the University of Salford
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People on the move: key North East appointments and promotions
People
This week's round-up includes moves at Kinewell Energy, GFW, Newcastle College and Teesside International Airport
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First phase of 1,000 home scheme for Cardiff Bay revealed
Cardiff Capital Region
Development of plot one of the Cardiff Peninsula project would see 77 senior living apartments constructed on the Cardiff International Swimming Pool car park
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The Wrexham Lager Beer Co expands into Australia
Enterprise
Wrexham Lager will be sold in 270 Dan Murphy's stores
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Uber teams up with Wayve on self-driving cars - but doesn't say where you can use them
By City AM
The San-Francisco-based giant has already announced tie-ups with self-driving group's Waymo and Cruise this year, as it looks to become the go-to ride-hailing platform for consumers seeking to experience self-driving cars
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Life sciences firm ReNeuron to delist as it aims to exit administration
Enterprise
Joint administrators hope a deal can be done to see the firm exiting administrations as a private venture
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Government explains 'plan' for four-day working week
Enterprise
The rule change could allow almost everyone to take three days off in a seven-day week
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