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Enterprise

Lab grown leather pioneers 3DBT to ramp up commercial plans on back of five-figure investment
Fashion
The firm is seeking to revolutionise the food, fashion and healthcare markets
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Allianz extends IOC and IPC partnership until 2032 as insurance giant shores up support
By City AM
The International Olympic Committee has further shored up its sponsor roster after losing several big clients by extending its partnership with Allianz to 2032.
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Sara Davies reveals why leaving Dragons' Den is the best business decision for now - but watch this space
Dragons Den
As Sara Davies unveils her third book, she caught up with Coreena Ford to talk Dragons’ Den, progress at Crafter’s Companion and how her staff are helping her to drive change at her “third childâ€.
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North East business life: charity and community events of the week
People
Companies featuring in this week's round-up include Barratt and David Wilson Homes North East, Opencast, Essity and the Tyneside Cinema
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The Gym Group's revenue and profit rise as growth plan gathers pace
By City AM
The Gym Group, which has more than 250 gyms across the º£½ÇÊÓƵ, reported a pre-tax profit of £3.6m in the year ended December 31, 2024, up from a pre-tax loss of £5.5m in 2023
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Balfour Beatty investors set for huge windfall as construction giant's orders soar
By City AM
The construction giant is in the process of a multi-year share buyback programme and announced its intention to repurchase £125m of shares in 2025.
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Welsh Water chief executive defends £892,000 remuneration
Wales
Peter Perry faced scrutiny over his pay and bonuses during a º£½ÇÊÓƵ Parliament environment committee meeting
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Booking.com labelled 'haven for scammers' due to 'serious' security flaws
By City AM
Which? said Booking.com's lack of security measures is leaving it open to scammers, with the platform's weak messaging system and failure to remove scam listings singled out as particular concerns
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Direct Line boss gets huge £7.8million pay day ahead of Aviva takeover
By City AM
The compensation paid to Direct Line Group CEO Adam Winslow was revealed in the insurance giant's annual report, which was published on Thursday
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Aptamer Group doubles half-year revenue as firm sees 'strong and sustainable' commercial momentum
Company Results
The Yorl business said it is now signing multiple new contracts with global market-leading pharmaceutical companies
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Kier Group shares tumble despite record £11bn order backlog
By City AM
The London-listed company said it would pay investors an interim dividend of 2p, up 20 per cent from last year's 1.67p.
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Nissan appoints new global CEO after falling sales and Honda talks collapse
Enterprise
Chief planning office Ivan Espinosa will take over from Makoto Uchida after a difficult period for the global car manufacturer
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Unilever to speed up sale of underperforming labels as part of major shake-up
By City AM
The consumer giant's CEO said the firm would act at a "faster pace" to sell its underperforming labels and focus on its 30 power brands as it looks to restructure its business
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LVMH-backed Stella McCartney brand sees sales slump as losses widen by £15m
By City AM
The designer's company has not made a pre-tax profit since the £9m it reported in 2017. Since then it has racked up a pre-tax loss of more than £143m.
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Lord Alan Sugar's empire hails record profit despite falling sales
By City AM
Amshold Trading, which is controlled by the former chairman of Tottenham Hotspur, has reported a pre-tax profit of £10.8 million for the 12 months to 30 September 2024
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North East deals of the week: key contracts, investments and acquisitions
Deals
This week's round-up includes Notify Technology, Lant Medical, Fenwick and Colmans, Fairgrieve Compression Moulding and Steel River Consultants
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Newcastle meat free firm Tiba Tempeh seals £1m investment deal
Deals
Newcastle based certified B-Corp Tiba Tempeh has secured a £1m investment from NPIF II
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Assura poised to endorse KKR's new £1.6bn acquisition offer amidst shareholder considerations
By City AM
KKR and Stonepeak Partners have tabled a 49.4p per share bid for Assura, just a month after the healthcare property group turned down a 47p per share approach from the US private equity firm
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Mark Carney named next Canadian PM after winning party leadership vote in landslide
By City AM
Mark Carney, who served as the 120th governor of the Bank of England from 2013-2020, has been named the next prime minister of Canada after winning his party leadership vote in a landslide
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BP boss defends decision to increase fossil fuel production and ditch green energy
By City AM
Murray Auchincloss said the company's plans to increase fossil fuel production and ditch its renewable energy commitments had been well received by investors
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Rainy day inspired Black Country entrepreneur to launch new business venture
West Midlands
Matt Grainger is aiming for European expansion for his timber company
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More than 300,000 small businesses plan to axe jobs as Budget starts to bite
By City AM
The government's £25bn rise in national insurance contributions (NICs) is set to kick in next month, while businesses are also reportedly spooked by the government's proposed employment rights legislation
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Alliance Pharma's largest shareholder hikes takeover offer
Deals
DBAY Advisors controls nearly 28% of the business and made its first bid in January
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10 questions for David Land of The Auckland Project
People
The CEO of the Bishop Auckland regeneration charity answers our questions
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