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Enterprise

North East business life: community, charity and award events of the week
People
Companies featuring in this week's round-up include The Education Network, Adderstone Group, AkzoNobel and Dulux, TT2 and the Greggs Foundation, and the Banks Group
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Shortlist revealed for Humber Renewables Awards 2025
Enterprise
Several 海角视频 firsts make the list, with winners set to be revealed at a gala dinner celebration on May 1.
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FTSE 100 pharma giants GSK and Astrazeneca may have dodged Trump tariffs
By City AM
Pharmaceutical goods appear to be exempt from higher-rate tariffs introduced by President Trump in his 'Liberation Day' address on Wednesday, according to a City broker
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Food-to-go firm Greencore agrees potential 拢1.2bn takeover of rival Bakkavor
Deals
The deal will create a combined food group with annual sales of about 拢4bn
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Buyout deal for rail services firm
West Midlands
The Rail Academy has expanded its portfolio of services to the rail industry by acquiring a specialist recruitment agency
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Jobs cut plans announced by leading Welsh college
Education
Coleg Gwent said it cannot rule out compulsory redundancies as it starts cuts in a bid to save 拢2.5m
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Warning to low-paid workers as wage growth falls to lowest level in years
By City AM
Annual pay growth for low-wage positions came to 6.2 per cent in February, the lowest figure recorded since early 2022, according to the jobs website Indeed
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Renewable energy trust dividends at risk as Stifel warns of subsidy cliff
By City AM
The subsidies currently underpinning many of the 海角视频's renewable energy projects are due to expire in the next decade, leaving the dividends of infrastructure trusts at risk
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Donald Trump's 25% car tariffs 'could destroy 25,000 海角视频 jobs in car industry'
By City AM
The Institute for Public Policy Research (IPPR) said the US President's 25 per cent tariffs on all car imports to America, due to come into force on Wednesday, could put 25,000 jobs at risk
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Gattaca profits tumble as recruitment market remains flat
By City AM
The staffing specialist said that "permanent recruitment is subdued" as the wider recruitment market continues to face headwinds
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FAW post strong financials despite failure to qualify for Euro 24
Wales
Last year it was able to offset operational losses from the strong performance of its investment portfolio
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Limitless Travel secures 拢6.5m funding round
West Midlands
Birmingham-based company provides holidays for disabled people and will use capital to expand its range of destinations
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Banks Group strikes naming rights sponsorship deal with Durham Cricket
Deals
The major North East employer is taking over from Seat Unique as Durham Cricket鈥檚 principal partner
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Travis Perkins sees operating profit plummet by 99% amid construction downturn
By City AM
The FTSE 250 building group reported an operating profit of 拢2m, down from 拢161m in 2023, after a 4.7% revenue decline.
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Historic Birmingham quarter bids for global recognition
West Midlands
Jewellery Quarter will welcome a panel of international judges next week as it hopes to secure World Craft City status
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Andrew Lloyd Webber's empire's profits slashed after closure of Phantom of the Opera
By City AM
The Really Useful Group, which was founded by Lord Andrew Lloyd Webber in the 1970s, saw its turnover and profit fall during its latest financial year
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North East deals of the week: key contracts, investments and acquisitions
Deals
Companies announcing deals this week include Opencast, Prudhoe Rosettes and Trophies, Bradley Hall, Communicate and Katy Sue Designs
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MBO at Birmingham architecture practice
West Midlands
Director has taken over MDG Architects which has seen owner move into consultancy role
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Multi-million-pound revenue boost for medtech firm TrakCel following US contract wins
Wales
The Cardiff-based firm is looking to drive exports
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Carmarthenshire care homes under new ownership
Enterprise
In another sector deal a care home in Caldicot is also under new ownership
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Bank of England reports dip in 海角视频 mortgage approvals and consumer credit in February
By City AM
The Bank of England said on Tuesday that mortgage approvals for house purchases fell for a second month in February and consumer credit growth slowed as households continue to face pressure from rising inflation and the cost of living.
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Peloton suffers new 海角视频 losses with company continuing to slash jobs
By City AM
The London-headquartered division has posted a pre-tac loss of 拢94.3 million for the 12 months to 30 June, 2024, after having also lost 拢115.2 million in the prior year
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Children's Hospice South West founder and chief executive dies
South West
Eddie Farwell established the charity with his late wife in 1991 to provide support for babies and children with life-limiting conditions
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Piers North is new CEO at Mirror publisher Reach plc as Jim Mullen moves to Jockey Club聽
London
Incoming leader says 'It鈥檚 a huge honour to lead Reach as we continue to serve essential journalism to our audiences'
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