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Enterprise

North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include Omega Asbestos Consulting, Newcastle Financial Advisers, Pearson Engineering, Nanovery and TSG
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The latest appointments in Welsh business
Appointments
Businesses and organisations featured include Admiral Money, the Design Commission for Wales, Nidec Drives, Savills, Hodge and Rhyl Neighbourhood Board
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Gateshead energy app firm equiwatt raises 拢700,000 for new platform
Deals
The firm's energy management app rewards consumers for switching off appliances at peak time
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EY fined 拢500,000 for breaching audit rules in second penalty within a week
By City AM
The Financial Reporting Council has handed EY a 拢500,000 fine over its audit of a Scottish water company, less than a week after it was sanctioned over Thomas Cook
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Wood Group shares soar more than 13% after 拢242m Sidara bid
By City AM
The stock had been hammered in the early part of the year after a review by Deloitte found "material weaknesses and failures" across Wood's business, while the company has delayed the publication of its 2024 results
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Chancellor unveils 拢500m support for businesses hit by Trump tariffs
By City AM
The Growth Guarantee Scheme will provide extra lending capacity for firms that need support with cashflow issues due to changes in tariffs
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Deloitte survey: 海角视频 finance bosses predict hiring plunge amid tariff turmoil
By City AM
Finance bosses are expecting the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate
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海角视频 house prices reach new peak in April, defying stamp duty changes and market predictions
By City AM
The average 海角视频 house price rose 1.4 per cent in April despite fears of a market slowdown in the wake of changes to stamp duty.
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'Sharp rise' in insolvencies expected in South West as firms grapple with new tariffs and economic uncertainty
South West
'Businesses in the region are unnerved'
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Admiral Money appoints new chief executive
Enterprise
Emma Powell has been promoted from chief risk officer at the subsidiary business of Wales' only FTSE 100 company
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Tyneside property firm that featured on TV shuts as customers issued with advice
Insolvency and Administration
Peek Home's founders said they had explored every possible option to keep going
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The WRU cost of acquiring Cardiff Rugby out of administration
RugbyTalk
The WRU hope that after a period of time it can come out of its ownership
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BP anticipates weak gas trading in Q1 2025, forecasts higher net debt amid strategic shifts
By City AM
BP said it expects gas marketing and trading to be 'weak' in the first three months of 2025, as it published its early indicators for performance through the period
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L'Oreal 海角视频's sales surpass 拢1.5 billion mark, boosting profits and dividends amidst economic challenges
By City AM
The 海角视频 arm of the French cosmetics giant has posted a turnover of 拢1.55bn for its latest 12 months, up from the 拢1.43bn it reported for 2023.
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Duncan Bannatyne's empire sees record sales as profits soar in 2024
By City AM
The Bannatyne Group, which was founded in 1997, has reported a revenue of 拢149.6m for its latest financial year, up from the previous record of 拢138.9m which it achieved in 2023
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Hull hamper business which supplies Jaguar Land Rover secures 拢227k funding to grow
SMEs
Peach Hampers supplies personalised and branded hampers throughout the 海角视频 and Europe
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First restaurants sign up for Birmingham food festival
West Midlands
Thirty-one venues have so far pledged to take part in the fourth Birmingham Restaurant Festival
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Regional and City Airports appoints new commercial director
Appointments
He will join the executive team and take on responsibility for all commercial activity across the group's airports
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Manufacturers and female founders flock to Northern Powerhouse fund as it prepares for its anniversary
Finance
Robot submarine firm among those backed by Northern Powerhouse Investment Fund II
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North East Charity Awards launches for 2025 to celebrate best of voluntary sector
North East
Now in their 11th year, there are 12 prizes that highlight the best of the region's charities, fundraisers and supporters
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Jobs losses at the WRU as it publishes new strategy for the game
Wales
Funding for part of the current hub officer' programme has been discontinued after months of uncertainty
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New home for Birmingham property consultancy
West Midlands
Johnson Fellows has made the short relocation in the city's Jewellery Quarter to a new base
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Funding deal for Entrepreneurs Circle
West Midlands
Company has launched a new training facility in Solihull and aims to create 12 jobs over the coming months
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Plans for hydrogen firm Lhyfe's Wallsend factory move closer to fruition
Energy
The French firms says its Tyneside scheme is among its most advanced
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