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Enterprise

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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Thames Water chair admits he 'misspoke' to MPs over emergency loan bonuses
By City AM
Sir Adrian Montague, the chair of Thames Water, has admitted that he may have "misspoken" when he told a committee of MPs that the utility's creditors had insisted on the payment of bonuses to senior managers
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'º£½ÇÊÓƵ in better trade position than any other country' after EU and US deals, says Rachel Reeves
By City AM
º£½ÇÊÓƵ Chancellor Rachel Reeves has said that the º£½ÇÊÓƵ is now in a better place on trade "than any other country in the world" after securing new trade agreements with the EU, the US and India this month
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Northumbrian Water secures £9.5m funding for innovation projects
Environment
The company has secured the highest number of grants from the Ofwat Innovation Fund over the last few years
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