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Enterprise

North East business life: community, award and charity events of the week
People
Companies featuring in this week's round-up include Adderstone Living and N&T Civils, The Northern Housing Consortium, Bradley Hall and Berry’s Jewellers
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Heathrow unveils multibillion-pound investment and confirms third runway plan
Federation of Small Businesses
The airport's investment will see upgrades to capacity at Terminals 2 and 5 alongside the third runway investment, as well as new local transport connections and infrastructure built to support the airport's sustainable energy targets
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Work to start on major solar farm in Pembrokeshire following new ownership deal
Enterprise
The project for 14,000 solar panels has been acquired by Shawton Energy
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Ex-RBS chief Ross McEwan lands top job at mining giant BHP
By City AM
Ross McEwan will lead the search for a new chief executive at the Australian mining giant, which exited the FTSE four years ago
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Thames Water facing Ofwat probe over failure to deliver schemes on time
By City AM
The regulator said on Wednesday it had opened an enforcement case into the embattled utility to determine whether it had breached its obligations
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‘Creative capital of the º£½ÇÊÓƵ’: Irish agency chooses Greater Manchester as it expands into º£½ÇÊÓƵ 
North West
DMAC Media says MediaCity move has 'opened a whole new spectrum of clients'
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Private equity investment in South West rises but deal volumes fall
Finance
There was a surge in transactions after the Autumn Budget last year, according to the KPMG report
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Ladbrokes' owner Entain chief exec quits after just five months in charge
By City AM
Shares in the company dropped by more than 10 per cent in early trades
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BP to reset business strategy after significant profit drop and activist pressure
By City AM
This morning, BP reported a near 50 per cent decline in profit for the fourth quarter due to a collapse in profit at its refining arm
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Birmingham chef crowned industry's best by Michelin
West Midlands
Ash Valenzuela-Heeger from Riverine Rabbit in Stirchley wins prestigious young chef title as fine-dining venues retain their stars
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AIM-listed firms accused of having 'head in the sand' as number of women in top roles stalls
By City AM
The number of women on boards of AIM-listed companies has stagnated in the last year, with 38 per cent of firms still having all-male boards, a new report has shown.
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HS2 labour supply company Hercules Site Services sells off subsidiary for £2.4m
Deals
The Gloucestershire-headquartered company has told investors the deal will reduce its debt
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Bellway encouraged by early spring selling interest as it confirms full-year building target
Housing
Mortgage affordability could still weigh on demand, the developer indicated in a trading update ahead of interim results
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Housebuilder MJ Gleeson points to sales rise in difficult market
Construction
The Sheffield-based low cost builder sold more homes but its profits fell significantly in the second half of 2024
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North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include Vita Group, Lithium Salvage, GAP Group and Ailantus
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Virgin Atlantic and IAG lead call for urgent reform at Heathrow amid escalating passenger fees
By City AM
Heathrow has become the world's most expensive airport over the last 15 years and airlines are calling for change - but the airport says it makes 'little sense'
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Donald Trump to impose 25 per cent tariffs on steel and aluminium 'almost immediately'
By City AM
US President Donald Trump said he will impose a blanket 25 per cent tariff on all steel and aluminium imports entering the US as his attempt to reorder the global trading system continued.
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Cornwall Airport's finances under scrutiny after transport hub makes £4.3m profit
Company Results
MPs have branded owner Cornwall Council's behaviour as 'smoke and mirrors' accounting and a 'cover-up culture' as it tries to find a private funding partner
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º£½ÇÊÓƵ labour market struggles as vacancies drop ahead of national insurance hike
By City AM
The slack continues to build in the labour market, according to a closely watched survey, with vacancies "tumbling" ahead of a national insurance hike in April
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Drax power station sees subsidies cut in new Government contracts
Climate Agenda
The Yorkshire power station is getting four more years of subsidy but at a reduced level after the Government raised a number of concerns about its operations
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BP shares surge seven per cent as activist hedge fund takes a stake in the oil giant
By City AM
Shares in the London-listed oil giant jumped seven per cent in early deals on Monday, after it emerged activist hedge fund Elliott Investment Management had built a position in the company
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Hull's Jordan Commercial invests in Witham facility as it looks to larger vehicles market
Automotive
The Rix Group company has refurbished its workshop and recruited new technicians
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Employment claims have become a 'costly burden' for businesses, lawyers warn
By City AM
New research from law firm Birketts revealed that English and Welsh businesses have spent on average 4.8 weeks out of 24 months purely handling Employment Tribunal claims
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BT announces recruitment of over 600 apprentices and graduates across the º£½ÇÊÓƵ
BT
Roles will be available in areas including cyber security, software engineering and customer service
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