UK demand for cars falls 28% as Brexit bites
UK car manufacturing fell 4.6% in November, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Production for the UK home market…
December 2017
Work starts on TransPennine bullet trains
Hitachi Rail Europe said production has started on new intercity trains for northern England, Scotland and the TransPennine Express. It said 19 new five-carriage trains harnessing Japanese…
Drax takes £10m hit from power station outage
Shares of North Yorkshire-based power company Drax Group fell more than 4% after it said biomass deliveries are currently restricted after an unplanned outage on the rail unloading facilities…
Yemen conflict hits sales at Vimto firm Nichols
Shares of Merseyside-based Vimto and soft drinks firm Nichols plc see-sawed after it said the recent escalation of hostilities in Yemen resulted in its supply route…
North East England Q3 exports up to £3.16bn
The North East England Chamber of Commerce said the region’s export figures show it is bucking the UK’s downward, national trend with a strong third…
£145m IPO for Sheffield video game giant Sumo
Sheffield-based video gaming giant Sumo Group plc announced the successful pricing of its initial public offering, with a placing 38,445,869 ordinary shares at 100p per…
Babcock’s Cavendish wins £95m Sellafield contract
Babcock subsidiary Cavendish Nuclear and its supplier Jordan Manufacturing have been awarded a 10-year contract worth up to £95 million to supply Sellafield Ltd with…
Persimmon bosses leave amid excessive pay row
York-based house builder Persimmon said its chairman Nicholas Wrigley will resign and remuneration committee chair Jonathan Davie has resigned amid a row over excessive executive pay…
Shareholders block £11m for Mike Ashley’s brother
Shareholders of Mike Ashley’s Sports Direct International have voted 70.73% against paying Ashley’s brother John £11 million in back payments. Sports Direct had called a general meeting…
Sheffield City Region gets bids for £630m projects
Capital projects costing more than £630 million have been put forward in response to a call for funding bids by Sheffield City Region (SCR). The…
Manchester Airport group revenue up to £543m
Manchester Airport Group Investments Limited (MAGIL) said its revenue rose 12.7% to £543 million and adjusted operating profit rose 9.6% to 164.8 million in the six months…
Korea giant may save £10bn Cumbria nuclear plant
The troubled £10 billion Moorside nuclear plant project on the Cumbria coast has been thrown a potential lifeline. South Korea’s state utility Korea Electric Power…
Northgate H1 revenue up to £350m, but profit falls
Darlington-based van hire company Northgate Plc said its revenue increased 10.4% to £349.7 million in the six months to October 31 — but profit before tax…
Hadrian’s Wall, Great Wall of China collaboration
Hadrian’s Wall and The Great Wall of China are to sign a collaboration agreement to increase the historical and cultural understanding of the two sites,…
Leeds consultancy WYG swings to first-half loss
Leeds-based WYG, the AIM-listed project management consultancy, said its revenue rose 3.8% to £76.2 million in the six months to September 30 but it swung to a…
£138m revenue at Sheffield biotech firm Benchmark
Shares of Sheffield-based Benchmark Holdings, the aquaculture health, nutrition and genetics company, rose 5% after it said its revenues of £138 million were in line with…
Skill shortage may hurt £15bn N East construction
At least £15 billion worth of construction projects will get under way in the North East of England over the next five years — but…
Grainger secures £651m in private rented sector
Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said its profit before tax rose 2% to £86.3 million in the year to September 30 and that…