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Enterprise

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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Record financials for Cardiff-based TC Consult
Cardiff Capital Region
In its last financial year it drove revenues by 12%
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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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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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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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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