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Enterprise

Imperial Brands CEO Stefan Bomhard to step down
By City AM
Stefan Bomhard joined the Bristol-headquartered tobacco giant in July 2020
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North East business activity drops for first time in 14 months amid global uncertainty, survey suggests
Economy
Firms taking part in the NatWest Growth Tracker for April reported that increased global economic uncertainty is significantly impacting demand
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Rank Group to boost number of slot machines in Grosvenor casinos after gambling laws relaxed
By City AM
The firm said the government's review of the 2005 Gambling Act had allowed it to "enable land-based casino reforms"
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North East business life: charity and community events of the week
People
Companies featuring in this week's round-up includes Go Ahead Group, OnPath Energy, Weardale Railway and Military vs Cancer
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'More could have been done' over Tata job losses in Port Talbot
Enterprise
A new report calls out both º£½ÇÊÓƵ and Welsh governments
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Evri to merge with DHL eCommerce in latest delivery sector consolidation
By City AM
Evri and DHL eCommerce will merge, creating a business that is set to deliver over a billion parcels every year, with 30,000 couriers and 12,000 office staff, DHL said
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Tui shares slump as losses widen after firm quits London Stock Exchange
By City AM
The travel operator's underlying operating losses increased by €18m to €207m even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday
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Plant and tool hire firm eyes Cumbria expansion
Deals
Hire and Supplies has secured a £2.52m asset refinance, facilitated by Greater Manchester-based PMD Business Finance and financed by Praetura Asset Finance
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Newcastle University drug development spin-out FibroFind acquired by private equity firm
Deals
The firm's methods - using real human tissue samples in the lab - give drug developers a more accurate picture of how their products work
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House prices in Wales rising at the fastest rate in more than two years
Housing
The Principality Building Society has published its latest house price index for Wales
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New board appointment at car insurance to loans group Admiral
Appointments
Paola Bonomo has taken up a non executive role with Wales' only FTSE 100 firm
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Australia move for lifting specialist LGH as it aims to target nation’s growing mining and infrastructure sectors
North West
Greater Manchester firm has opened base in New South Wales
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Newcastle brewery Northern Alchemy ceases trading amid soaring costs
Insolvency and Administration
The Byker brewery has entered liquidation after a decade of brewing and selling beers across the North East and beyond
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‘Significant’ capital boost for family-run building firm Carroll Group as it looks to continue growth
Enterprise
Knowsley company secures funding through NPIF II
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Bristol Airport instruct lawyers over £205m Welsh Government subsidy plans for its rival Cardiff
Cardiff Airport
Bristol Airport claim that the planned subsidy support would give Cardiff Airport an unfair competitive advantage
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Energy specialists nexos creates jobs with new onshore energy services division based out of Hull
Engineering
The firm says it has seen increasing demand for its engineering services from onshore developers
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Bristol social enterprise Babbasa launches fundraising appeal for 'youth unemployment crisis'
Employment
The Bristol-based organisation supports disadvantaged young people with moving into employment, business or education
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Delyth Evans confirmed as the new chair of Welsh language channel S4C
Appointments
The channel also has five new board members
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North East deals of the week: key contracts, acquisitions and investments
Deals
Companies featured in this week's round-up include Karbon Homes, Ceto, Black & White Engineering, Ryder Architecture, Tilly, Bailey & Irvine and AESC
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Big rise in Transport for Wales services on new trains
Transport
This month the number of services running on its Wales and Borders network will be at 70%
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Major South West heritage and belonging project awarded £1.25m from National Lottery
Black Communities
The 'UnMuseum' project will work with Black-led organisations across the region to deliver events, commission cultural works and create spaces of learning
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Newcastle cocktail bar and recruitment firm get Northern Powerhouse funding
Deals
Companies including Canny Folk, JH Partners, GrowthProvision and The Training MarketPlace are among businesses to have benefitted
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Trump's new pharma policy sends GSK and AstraZeneca shares tumbling
By City AM
The President announced the new plans in his latest Truth Social tirade
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Offshore wind tech firm collapses with loss of jobs in Bristol and Scotland
Insolvency and Administration
Just last year the company announced plans to hire 200 staff globally and open more offices in Europe and Asia
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