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Newcastle and Middlesbrough named among Europe’s best places to invest
Newcastle and Middlesbrough have been named among some of the best places in Europe in which to invest. The annual FDI European Cities and Region of the Future report ranked Newcastle as the fourth best mid-sized European city of the future, while Middlesbrough was ranked third in the small European city section. Rankings are based …
Business
Business Live
Butchers chain Dicksons back in the black after ‘challenging’ period with retail driving sales rise
North East butchers chain Dicksons has bounced back into the black after a “challenging” period following a business restructure and solid performance across its divisions. The South Shields firm – famed for its saveloy dip as well as its pies, cooked meats and sausages – has posted accounts for the years ended June 30 2021 …
Business
Business Live
Group eyes £1bn valuation, new acquisitions and creating hundreds of jobs after IPO ‘put it on the map’
A fast-growing manufacturing and retail group is eyeing up new acquisitions, creating hundreds of jobs and being valued at £1bn within the next five years after its IPO “put it on the map”, the firm’s CEO has said. Supreme plc’s Sandy Chadha said floating on the London Stock Exchange’s AIM in February 2021 was a …
Business
Sky News
Spurned Morrisons suitor Fortress plots £5bn takeover of petrol stations giant MFG
An American investment giant is plotting a £5bn takeover of Motor Fuel Group (MFG), Britain’s biggest independent operator of petrol forecourts.Sky News has learnt that Fortress Investment Group is drawing up plans to bid for MFG after losing out in a hotly contested auction of Wm Morrison, the supermarket chain, last year. By coincidence, MFG …
Business
Business Live
The North East’s star potential in booming TV industry
The North East is “rich territory” for film companies looking to make compelling TV programmes. That’s the thinking of Andrew Eastel, creative director at Middlechild – an independent production company that has just opened a Newcastle office on the back of a BBC commission. “The decision to open in Newcastle wasn’t just a business one …
Business
Business Live
So will the tourism tax be ‘catastrophic’ and ‘decimate’ the tourism sector of North Wales?
Daily Post Business Editor Owen Hughes on Welsh Government’s proposed tourism tax in Wales It’s fair to say the tourism tax proposal from Welsh Government attracts strong views. Sector wise there is widespread condemnation of the move to tax overnight stays and dire warnings of its impact. But it is also true to say there …
Business
Business Live
Wales Week London 2022 launches with sister events around the world
The largest annual programme of events promoting and celebrating Wales is under way. Wales Week London will see 90 different activities and events taking place in London up to March 6th. Held for a fortnight around St David’s Day, it will includes events from business and sport to celebrity interviews and entertainment. Following a wholly …
Business
Business Live
Hit BBC show MasterChef to move to Birmingham
Production of hit BBC show MasterChef will move out of the capital to Birmingham. A new deal has been struck which will see all versions of the show made in the new Digbeth Loc. studios from 2024 – comprising its editions for amatuer, professional and celebrity chefs, young MasterChef and Christmas specials. Shine TV, which …
Business
Business Live
Mamas and Papas returns to profit after weather pandemic storm
Baby goods firm Mamas and Papas has returned to profit after weathering the Covid storm and benefitting from troubles at its main competitor. The Huddersfield company has released accounts for the year ending March 31 2021 which show that its turnover reached £71.5m, having been at £36m for the six-month period earlier. A £3.9m loss …
Business
Business Live
South Yorkshire industrial park nearly full after double deal
Network Space has secured two rental deals at its multimillion-pound Woodhouse Link development, near Sheffield. The first unit, which provides 48,900 sq ft, has been snapped up by global company, nVent, which will move its main UK operations site from Hellaby to Woodhouse Link. Meanwhile, an online retail giant has also agreed a deal for …
Business
Business Live
Bristol care home entrepreneur adds second business to portfolio
A Bristol entrepreneur has acquired his second car home business after securing a seven-figure funding package. Ryan Somauroo has purchased the Little Croft Care Home in Oldland Common, South Gloucestershire for an undisclosed sum. Mr Somauroo, the founder and director of Young at Heart Care Homes, has added to the portfolio he began by taking …
Business
Sky News
CBI puts Trainline chairman McBride on track to be its next president
A former boss of Amazon UK is being lined up as the next president of the CBI, Britain’s most influential employers’ group. Sky News has learnt that the CBI was due to ratify Brian McBride’s appointment as Lord Bilimoria’s successor at a board meeting on Friday afternoon.Mr McBride, who chairs the rail ticket booking platform …

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