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Enterprise

BGF pledges to invest £400m into North East and Yorkshire businesses
Finance
The investor says the sum forms part of its £3bn commitment to support companies across the º£½ÇÊÓƵ
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HS2 whistleblower handed 'substantial' payout after raising concerns about costs
By City AM
Stephen Cresswell, a former senior HS2 cost analyst, will receive a substantial compensation payout after HS2 admitted partial liability following a case for unfair dismissal at the Employment Tribunal
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Drug discovery innovator Magnitude Biosciences lands £700k funding with promise of jobs
Technology
A new funding round led by Maven and featuring existing backer Northstar Ventures aims to scale delivery of the firm's technology
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Four North East firms named on Best Places to Work 2025 list by The Sunday Times
People
The annual list highlights the companies going the extra mile to make their employees feel happy, fulfilled and supported at work
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Tyneside civil engineering firm lays groundwork for growth with £2.4m funding deal
Deals
Following the deal Holystone has created a spin-off business focused on sustainable material recovery
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The Telegraph set to be sold in £500m deal after two years of uncertainty
By City AM
The 170-year-old newspaper has been at the centre of a tug-of-war between Redbird Capital and the government, but the US firm is now set to complete the deal
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Travelodge in the red after Rachel Reeves' £21m National Insurance tax hike
By City AM
The budget hotel giant has said that the National Insurance Contributions increase and the reduction in the threshold announced in the Autumn Budget, are set to cost the firm an extra £9m in the current financial year.
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Transport giant Arriva seals multimillion-pound public transport deal in Croatia
Transport
The new deal will add around 600,000 kilometres each year to Arriva’s operations
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MBO at digital agency
West Midlands
Co-founder now aiming to surpass £2m revenue mark following buyout at Birmingham-based Pull the Pin
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Brewery supplier Muntons toasts record earnings as it invests to grow capacity
Company Results
The 104 year-old business has reported a second consecutive record breaking year
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Business failures on the rise in England and Wales
Insolvency and Administration
Bethan Evans Wales chair of R3 said the latest figures are of concern.
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Rio Tinto boss announces he will step down after four years with mining giant
By City AM
Jakob Stausholm has led the FTSE 100 mining giant since early 2021 and a "rigorous selection process" will now be pursued, the company said in a statement
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Harry Potter publisher's profits fall by fifth despite rise in sales
By City AM
Bloomsbury Publishing - which is also known for the fantasy romance hits by Sarah J. Maas - saw its pre-tax profit fall by almost a fifth to £32.5 million in the year to February 28
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RSM º£½ÇÊÓƵ wins Great Birmingham Run Business Challenge
West Midlands
Financial services firm beat competition from dozens of business at annual running event
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North Wales precision engineering firm Continental Diamond Tool targets eastern European expansion
Enterprise
It has appointed Mariusz Kowalski to drive sales in Poland and in other eastern European markets
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British Engines signs landmark sponsorship agreement with new Newcastle community hub
Deals
The Newcastle-based engineering group has signed the deal with The Lighthouse Project in Byker.
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Deloitte º£½ÇÊÓƵ staff bonuses to be determined by 2025 performance after 'lagging behind'
By City AM
The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue
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Uber set to launch new train service that will take on Eurostar
By City AM
Uber will offer passengers the chance to book tickets via its app and the ride-hailer's name will be emblazoned on the side of Gemini's new trains
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North East business life: key community, charity and award events of the week
People
Companies featuring in this week's round-up include Robson Laidler
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Gower College Swansea reveals its new chief executive
Wales
Kelly Fountain will take over from Mark Jones when he retires this summer
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Easyhotel slashes losses as it edges toward profit after Covid-19 pandemic
By City AM
The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m for 2024, down from the €10.5m it reported for 2023, as it returned towards profit for the first time since before the Covid-19 pandemic
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SSE slashes investment and warns it won't meet 2030 net zero goal
By City AM
The º£½ÇÊÓƵ's second-largest energy supplier said it will likely miss its target of reaching 50 terawatt-hours of renewable generation output by 2030 as it slashes investment
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North East underwater tech specialist collapses into administration only a year after acquisition
Insolvency and Administration
Manta Systems - formerly Modus Subsea - had been subject to a winding up petition from a company belonging to a former owner of the firm
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Zigup to surpass 2025 expectations following strong year in Spain
Company Results
CEO Martin Ward said the firm was starting the 2026 financial year with growth opportunities
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PeopleFour North East firms named on Best Places to Work 2025 list by The Sunday TimesThe annual list highlights the companies going the extra mile to make their employees feel happy, fulfilled and supported at work
West MidlandsEntries open for celebration of West Midlands tourismSixth annual awards will recognise excellence across 17 categories including a new one for outstanding contribution
Major funding boost for development of next generation tidal stream turbines
Enterprise
Thee project is one of five to receive a share of £1m from the Welsh Government as part of the VInnovate programme,
10 questions for Jaimie Longmuir of Bulldog Spots
People
The CEO of the sports retailer and event business answers our questions
April sees sharp decline in º£½ÇÊÓƵ home sales following end of stamp duty relief
By City AM
The number of º£½ÇÊÓƵ residential transactions in April 2025 was 64,680, 28 per cent lower than April 2024 and 64 per cent lower than March 2025, according to official statistics
Ryanair chief Michael O'Leary set for monster £84m bonus after budget airline hits target
By City AM
Shares in Ryanair closed at €23.74 on Thursday, the 28th consecutive day the stock has closed above €21 - the target O'Leary was set as part of a 2019 incentive scheme
Grand NationalUnforgettable corporate experiences await at The Jockey Club VenuesWith 15 venues across the º£½ÇÊÓƵ offering a vast array of indoor and outdoor spaces, you can host a business event with confidence
From fintech favourite to financial struggles: Starling Bank faces a tough road ahead
By City AM
Starling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the º£½ÇÊÓƵ's most exciting fintechs
By City AMFrom fintech favourite to financial struggles: Starling Bank faces a tough road aheadStarling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the º£½ÇÊÓƵ's most exciting fintechs
Entries open for celebration of West Midlands tourism
West Midlands
Sixth annual awards will recognise excellence across 17 categories including a new one for outstanding contribution
Partner content: Three charity law and governance updates you may have missed
North East
The Newcastle law firm has outlined some key updates from 2024 that charities need to be aware of
Tesla stock jumps after Elon Musk teases June robotaxi launch
By City AM
Tesla shares climbed two per cent in after-hours trading on Wednesday after reports emerged that the EV giant is preparing to launch its long-anticipated robotaxi service as early as 12th June
Best buildings unveiled as RIBA North East Awards 2025 winners are announced
property news
A top attraction, a 'Tardis-like' conservation centre, a converted listed former department store and a conserved micro-holiday home are among the winners