Business Live - UK Business news, analysis & Thought Leadership

Business Live - UK Business news, analysis & Thought Leadership

Harland & Wolff suspends shares over accounts delay

The firm missed the deadline to publish its results by June 30

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£62m battery energy storage development planned for Teesworks following EOS deal

The announcement comes on the back of a number of renewable energy projects set to come to the Teesworks site

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West Midlands gigafactory team says next Government must attract more battery investment to the UK

Greenpower Park says UK is falling behind other countries

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The Development Bank of Wales as a 'jack of all trades' is under performing

Perhaps it is now time for its board of directors to undertake a thorough review of what it does, wh

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Property group CEG appoints new managing director

Matt Farrell was previously the head of luxury real estate advisory firm Trophaeum

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Early shutdown at Tata Steel's Port Talbot plant amid Unite strike and safety concerns

Swansea Bay City Region

The steel giant had planned to shut down one of the blast furnaces by the end of June and the second one by September - but the strike has brought forward the closure

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England backed to win Euro 2024 at 7/2 odds, with Harry Kane second-favourite to be the Golden Boot winner

Partner Stories

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Banking & Finance The world is about to get its first ever trillionaire The fortunes of the five richest men have spiked by 114% in real terms since 2020

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Why we need to look again at a new international airport for Wales and the South West of England

Cardiff and Bristol airports would need to close to support a new international airport handling 20 million passengers annually, says Grant Thornton economist Joel Strange

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The top 10 youngest billionaires in the UK named

New analysis of Forbes data by City Index has revealed the youngest billionaires in the country

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Chancellor Jeremy Hunt says Government still taking 'big decisions' as he talks inflation, HS2, and Britain's science superpowers

Exclusive: BusinessLive meets Chancellor as he sets off a lightning bolt in Manchester

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The end of an era for UK steelmaking with Tata to move Port Talbot to electric arc furnaces

The decision will see around 3,000 Tata Steel UK jobs lost with the majority in Port Talbot

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Enterprise

Deals North East deals of the week: key contracts, acquisitions and investments

Companies featuring in this week's round-up include Clearly Drinks, Sage Wealth Management, OLM Diagnostics, Datum360 and TaperedPlus

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Solar specialists AR Power set to double workforce following hunt for bigger base

The Washington company has already invested heavily in staff and resources in the last year

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Darlington dairy joins forces with Yorkshire cheesemaker to supply organic milk

Acorn Dairy already sells milk, butter, eggs and cream via doorstep deliveries and Shepherd's Purse has been recognised by the coveted Great Taste Awards

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Spanish firm Clinica Baviera eyes up UK expansion with acquisition of Eyes Hospitals Group

Cardiff-based Gambit Corporate Finance advised Clinica Baviera on the deal that could be worth nearly £20m

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Wiltshire businessman to run 62 ultramarathons in 62 days

He will run 30 miles a day and visit each of England's 42 cathedral cities to raise money for charity

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Technology

Capita Scottish tech firm Brightsolid opens Manchester office to boost English presence Firm is one of Scotland's largest providers of managed hybrid cloud and cyber security services

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Snap UK manager Bridget Lea becomes chair of governors at Manchester Metropolitan University

MMU graduate and business leader vows to promote access and diversity in education

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Black & White Engineering aims for growth following major investment deal

The Newcastle business has secured an undisclosed sum from private equity company Waterland

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Tharsus spin-out VersaTile to storm warehousing market with £8m investment

The new company is hoping to shake-up fulfilment with its intelligent moving tile system

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Tyneside tech firm Succorfish tackles £2bn 'ghost net' environmental pollution crisis

The kit has been developed in partnership with Newcastle University and the pan-European NETTAG+ project

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Retail Consumer

Retail Smiffy's fancy dress retailer is saved by US group after falling into administration

The Leeds group has stores in Newcastle, Liverpool and Oxford and took a major hit during the pandemic

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Commercial Property

West Midlands Black Country industrial estate bought out for £7.72m

Parkside has been acquired by London investor which now plans refurb programme

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Ardent Management becomes latest Northspring tenant

Company will relocate its Birmingham team across the city to new home

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£120m Beal Homes development in Hull set for go ahead as planners recommended for approval

The application comes two weeks after the company got the green light for a £105m development in Immingham

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Historic Bristol office building to be turned into student flats

Hanover House in the city centre will be transformed in time for the new academic year starting in September

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What’s happening with Manchester’s gamechanging Victoria North project

The Co-operative

Scheme set to include 15,000 homes for 35,000 people

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Professional Services

Appointments People on the move: key North East appointments and promotions

Companies featuring in this week' round up include Richard Reed Solicitors, Lantern Building Consultancy, FW Capital, Kinewell Energy, The NWH Group and AK Teaching

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Top attraction at The Alnwick Garden to be renamed as part of sponsorship deal

The feature will be renamed The Sage Wealth Management Grand Cascade

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Big fall in equity deals at the Development Bank of Wales as it exceeds jobs target

The number of equity deals and their collective value was significantly down on 2022-23

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Law firm Kennedys makes Birmingham move

City office of legal practice has relocated to the The Colmore Building

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Tech and green deals help Grant Thornton to strong first half in North despite pre-election ‘caution’

Northern corporate finance team advised on four deals worth more than £181m.

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Economic Development

Economy North East BIC has provided £2.5bn boost to regional economy, study suggests

The business and innovation centre has sites in Sunderland, Washington and Darlington, having first opened in 1994

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Green light for new homes on development land in Dorset

The proposals include road improvements and contributions to local services including schools and open space

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Evidence of improving North East economy as confidence beats regional peers

Two separate studies on sentiment among businesses and insolvency-related data point to things getting better in the region

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£62m battery energy storage development planned for Teesworks following EOS deal

The announcement comes on the back of a number of renewable energy projects set to come to the Teesworks site

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Hardwick Festival contributes £10m to region's economy through 10 years of live music events

Founder John Adamson has told how the festival has become a cornerstone of the North East economy

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West Midlands Maritime Transport to operate new £1bn West Midlands Interchange New logistics hub will be served by West Coast Main Line and strive to move more freight traffic on the UK rail network

Discover a new home for your business: Mandale Group’s new business parks soar in Teesside

Partner Stories

Stockton-based developer brings its Hybrid Industrial Units to Middlesbrough, Stokesley and Eaglescliffe

Black Friday sale: Get 75% off our business of football newsletter

Stay up to date with the biggest financial deals in football with The Bottom Line newsletter - subscribe this week to get 75% off

165 room hotel and leisure complex will act like a traffic-free ski resort for the Derbyshire Peaks

Commercial Property

£300m site will be a car-free hub – taking guests into the Peaks for biking and hiking, nature, heritage, sport and culture

North Somerset estate agent's Parker's appoints new manager at Backwell office

Simon Russell joins the team from Ocean Estate Agents

Climate Agenda Solar specialists AR Power set to double workforce following hunt for bigger base The Washington company has already invested heavily in staff and resources in the last year

Deals North East deals of the week: key contracts, acquisitions and investments Companies featuring in this week's round-up include Clearly Drinks, Sage Wealth Management, OLM Diagnostics, Datum360 and TaperedPlus

Solar specialists AR Power set to double workforce following hunt for bigger base

The Washington company has already invested heavily in staff and resources in the last year

North East BIC has provided £2.5bn boost to regional economy, study suggests

The business and innovation centre has sites in Sunderland, Washington and Darlington, having first opened in 1994

Black Country industrial estate bought out for £7.72m

Parkside has been acquired by London investor which now plans refurb programme

Smiffy's fancy dress retailer is saved by US group after falling into administration

The Leeds group has stores in Newcastle, Liverpool and Oxford and took a major hit during the pandemic