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Enterprise

Trainline's CEO pay more than doubles to £5.6m after bumper year
By City AM
Jody Ford has taken home £5.6m, having been remunerated to the tune of £2.4m for the prior 12 months
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South West consortium developing new vessel to install floating offshore wind projects
South West
The consortium is being led by Morek Engineering.
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Drax confirms bid for battery investor HEIT has lapsed
Energy
Rival bidder Foresight Group is set to takeover the portfolio of schemes across the country
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Welsh business confidence up sharply shows latest Lloyds research
Lloyds
It has released its business barometer for May
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Labour's tax hikes crash business confidence, firms warn of tougher times ahead
By City AM
The CBI said that average selling prices hit 32% - over double of its long-run average of 14% - as the double whammy of both cost and price pressures ramped up in the services sector
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Welsh Rugby Union appoint new chief commercial officer
RugbyTalk
The role has gone to the union's current chief operating officer
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PureGym's financial losses deepen despite expansion and job creation in 2024
By City AM
The budget gym chain has posted an £88.5m pre-tax loss for its latest financial year, compared to a £77.6m loss in the prior 12 months
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Historic Castle Eden Brewery snapped up by new owners ahead of 200th trading year
Deals
Seaham-based Castle Eden Brewery was founded by John Nimmo and had an estate of 125 pubs at one stage
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North East business life: community, charity and award events of the week
People
Companies featuring in this week's round-up include Banks Group, Petards, TT2 and BentoBot
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County Durham design engineers seal seven-figure investment deal to fuel growth
Deals
JH Partners is set to create new jobs and make software investments as it plans for its future
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Thames Water slapped with record £123million fine over 'unacceptable impact on environment'
By City AM
The water regulator confirmed a final decision on Tuesday following two of its "biggest and most complex" investigations into the beleaguered utility's operations.
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Development Bank of Wales reports record investment levels
Enterprise
The bank missed its co-investment target in 2024/25 but is confident it will be achieved over a five year period.
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Humber's Poluma Group acquires Worley Field Services to create £70m turnover group
Deals
Worley Field Services will be rebranded as Allied Protek Field Services
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East Yorkshire concrete flooring specialist invests £1m to prepare for growth
Construction
The business is said to have grown substantially since it was founded in 2017
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Steve Morgan Foundation pledges £100m to tackle social disadvantage and to help cure type 1 diabetes
Steve Morgan
Redrow founder and philanthropist says 'these are really tough times for so many communities who are facing poverty'
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BEL Valves targets hydrogen and carbon capture markets with new division
Climate Agenda
The Tyneside oil and gas specialists is adapting its valve technology for the renewables markets
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North East businessman who originated the ScS name to have book plugged in Times Square
Retail
92 year-old Alan Share's latest book draws on the experiences of his long life and stands as a polemic against the country's education system
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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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