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Enterprise

Record financials for Cardiff-based TC Consult
Cardiff Capital Region
In its last financial year it drove revenues by 12%
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Call for ‘new industrial strategy’ to help North and Midlands firms grow exports and close gap with London
Exports
Airports group MAG and the Growing Together Alliance launch º£½ÇÊÓƵ Trade Barometer
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Greater Birmingham Chambers announces interim leadership team
West Midlands
Duo will take over the running of business body until next year while CEO is on maternity leave
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Government leads £1bn investment into 1,000-job factory in Sunderland
Automotive
Recruitment is to start next week on a 1,000-job expansion of the AESC battery plant in Sunderland after a Government-led investment of £1bn
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'How I created a successful business in two years with minimal investment'
SMEs
Toluwa Oyeleye set up her behavioural change consultancy in 2023 to help workplaces empower staff
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People on the move: key North East appointments and promotions
People
Companies featuring in this week's round-up include: Hill Dickinson, The Digital Lighthouse, Novus Property Solutions, Kromek and High Force Research
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Octopus Energy and Utility Warehouse among 10 suppliers to pay £7m after Ofgem price cap breach
By City AM
The total £7m payout - comprising £5.6m in direct refunds and nearly £1.4m in goodwill payments - follows a compliance review by the energy regulator into pricing practices
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Interest rate reduction by Bank of England set to decrease mortgage costs, analysts predict
By City AM
The Bank of England's decision to cut interest rates is set to encourage major banks to cut mortgages, analysts have predicted
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British Airways owner IAG orders 53 new aircraft as earnings beat estimates
By City AM
The British Airways owner has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results
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Swansea recruitment firm Equal Education Partners to open new US office
Enterprise
It comes as it has established a new global edtech recruitment division
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10 questions for Tom Etherington of WE-COM
People
The founder and director of the Newcastle-based e-commerce SEO and digital marketing agency answers our questions
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Large building supplies depot shuts with potential job losses
Employment
The Plymouth branch of RGB Building Supplies has ceased trading
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Life sciences firm opens new hub in Birmingham
West Midlands
Cambridge Healthcare Research says it plans to create up to 40 new roles at its research centre in Bull Street
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º£½ÇÊÓƵ construction industry faces delayed recovery until late 2025, Lords reports
By City AM
Lords, one of the º£½ÇÊÓƵ's largest building materials suppliers, said it was continuing to focus on delivering efficiencies to deal with cost pressures and "an increasingly onerous regulatory environment" after it reported a downturn in demand
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Paddy Power owner Flutter sees stock drop after gamblers back favourites
By City AM
The group was able to upgrade profit expectations as previous guidance excluded the acquisitions of Snaitech and NSX, as well as changes to exchange rates
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North East business life: charity, community and award events of the week
People
Companies and organisations featuring in this week's round-up include Clive Owen LLP, the North East Chamber of Commerce, Teesside Airport,
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University of Plymouth could axe up to 200 jobs as it battles to save cash
Employment
The institution has begun consultations with staff and unions
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Welsh tech firm behind an innovative wearable blood glucose sensor in £2m funding boost
Technology
Afon Technology has secured funding from the EU's £80bn research and innovative programme Horizon
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British Steel recruits first jobs since Government intervention
Employment
The company is looking to fill around 180 posts at Scunthorpe and two sites on Teesside
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Office refurbishments in London hit record costs amid rising demand for high-spec workspaces
By City AM
The average high specification project in London costs £4,671 per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich
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Housing association Karbon Homes adds £200m to finances to ramp up delivery of affordable homes
Deals
The North East association says investment in the affordable homes sector has never been more important
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Kitwave still confident of meeting market expectations amid hospitality slowdown
Retail
Bosses praised the performance of the group's recent £60m acquisition in the South West
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Trainline shares lose further ground despite near £6bn ticket sales
By City AM
Trainline's stock price has fallen by more than a third this year due to concerns over government plans to launch a rival state-owned service
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JYSK º£½ÇÊÓƵ stores report sustained losses as retailer sheds jobs and closes branches
By City AM
The latest annual results for JYSK º£½ÇÊÓƵ show that the Danish homewares retailer's losses continued to mount as it closed stores and shed jobs over its latest financial year.
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