Boot to build 5,000-job Tyneside business park
A “nationally significant” advanced manufacturing park expected to deliver more than 5,000 jobs in the North East of England is moving forward with the appointment of a…
Newcastle
Simpsons Malt profit £9.3m on turnover of £144m
Berwick-upon-Tweed independent maltster Simpsons Malt said its 2016 profit before tax slipped to £9.3 million from £9.9 million with turnover sliding to £143.8 million from £160.7…
Grainger on course for £850m investment target
Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said in a trading update it expects to report full-year adjusted earnings approaching £70 million, up from £53.1…
Global Marine chooses Port of Blyth for expansion
Chelmsford-based Global Marine Group (GMG), an offshore engineering services company for the renewables, telecommunications and oil & gas industries, announced it has expanded its operations base…
Newcastle’s Grainger buys £80m Salford development
Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said it agreed, subject to planning, to acquire a private rented sector (PRS) build-to-rent development at Gore…
Bellway expects housing revenue +13% to £2.5bn
Newcastle-based house builder Bellway said in a trading update it expects its housing revenue to increase by more than 13% to £2.5 billion for the…
Greggs plans ‘Drive-Thrus’ as H1 sales rise to £453m
Newcastle-based bakery and “food-on-the-go” retailer Greggs said its sales for the 26 weeks to July 1, 2017, grew 7.3% to £453 million, with like-for-like sales in…
Newcastle’s Sage buys cloud firm Intacct for $850m
Newcastle-based Sage Group, the UK’s largest tech company, said it agreed to acquire San Jose-based Intacct Corporation, a provider of cloud financial management products in North America…
Board moves as Virgin Money H1 profit hits £128m
UPDATE 1 — Edinburgh and Newcastle-based challenger bank Virgin Money Holdings on Tuesday announced changes to its board and said underlying profit before tax rose 26%…
London Midland extension for Newcastle’s Go-Ahead
Newcastle-based transport group Go-Ahead Group said the Department for Transport (DfT) announced an eight-week extension to its current London Midland franchise, from 15 October to…
Legal move as Gateshead’s Sevcon bought for $200m
Nasdaq-listed Gateshead company Sevcon, which makes components for low carbon vehicles, said it agreed to be acquired by Michigan-based BorgWarner for $22 per share in cash. “The total…
€1.6bn Dutch rail contract for Sunderland’s Arriva
Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — announced it will operate the regional rail transport in the north of the Netherlands for another 15…
Lake District wins World Heritage List status
Cumbria’s Lake District has been added to UNESCO’s World Heritage List. “Located in northwest England, the English Lake District is a mountainous area, whose valleys have…
Digital bank Atom confirms future in Durham
Atom bank, the UK’s first digital only bank, has confirmed its future in Durham by signing a 10-year lease on the city’s Rivergreen Centre. Atom…
Sheffield’s Sumo Digital buys Gateshead’s Atomhawk
Sheffield-based gaming giant Sumo Digital announced the acquisition of Gateshead-based digital art and design studio Atomhawk. Sumo Digital is backed by investment firm Perwyn. Terms of…
GTCR to buy Sage Payment Solutions for $260m
Newcastle-based software giant Sage Group, the UK’s largest tech company, said it reached an agreement to sell its North American Payments business Sage Payment Solutions…
Plans lodged for Newcastle Quayside ‘North Shore’
Adderstone Group said it submitted updated plans for a proposed 124 apartment and commercial scheme on a vacant brownfield site on Newcastle Quayside. The 1.5…
Approval for £29m Newcastle Science Central plan
Plans for a new £29 million Learning and Teaching Centre at Newcastle Science Central have been approved. The flagship development will seat 750 people in its auditorium….
Relegation bites as Newcastle Utd profits plummet
Newcastle United Ltd said revenue fell 3% to £125.8 million in the year to June 30, 2016 — during which it was relegated to the EFL…
Onex to buy Parkdean Resorts for £1.35bn
Canadian private equity firm Onex Corporation agreed to acquire Newcastle and Hemel Hempstead-based caravan holiday park operator Parkdean Resorts for £1.35 billion from Epiris, another…
Alstom to buy Newcastle’s Nomad Digital
French transport giant Alstom has signed an agreement for the acquisition of Newcastle-based train wi-fi pioneer Nomad Digital from Amadeus Capital Partners, SEB Venture Capital and Deutsche…