Support services contractor Carillion has managed to successfully bid for a 12-month contract awarded by Northumberland County Council for building the £25m Morpeth Northern Bypass, a news report in the local business media has revealed.
Construction on the bypass is expected to start in January 2015 and it represents just one of £180m worth of wins announced by Carillion lately.
Profit warnings have risen by no less than 75% in Q3, 2013, across the North East region, a news report in the local business media has revealed.
A new study by EY has found that seven warnings were made in the region between July and September 2013, making it the highest number recorded in a third quarter in the past five years.
Durham Tees Valley Airport is funding the development of a purpose-built facility for the National Police Air Service, a news report in the local media has revealed.
Under the five-year agreement, the airport authorities are supporting a hangar for the air service’s Eurocopter EC135 aircraft which is based at Durham Tees Valley. Work on the new 3,445 sq ft facility is already underway with the aim of having it ready for use as quickly as possible.
Durham Tees Valley Airport has acquired a 9.5-acre site to the north eastern edge of the airfield as part of its future development plans, a news report in the local media has revealed.
For the time being, the land is currently unused and includes the steel frame of a former hangar building, last used as a sports and tennis centre, which closed some years ago.
Administrators from KPMG have decided that re-opening the 14 stores owned and operated by Blaydon-headquartered gift retailer Collectables is not a viable option, hence rendering 150 members of staff redundant.
According to a news report on this matter, Jonny Marston, Mark Firmin and Howard Smith from KPMG’s restructuring practice were appointed joint administrators to Collectables Retail Ltd and related business Xystos Wholesale Ltd last week.
Newcastle-headquartered investment firm NVM Private Equity expects to have £100m available to invest in established profitable businesses across the North East and Yorkshire, a news report in the local media has revealed.
Work that will ultimately allow larger freight containers from Teesport to be transported by rail rather than road has started on a bridge in Dinsdale, as a part of a £4.7m investment in the rail line between Teesport and the East Coast Main Line.
According to a news report in the local media on this issue, engineers have been on site in Dinsdale since the end of August setting up the site compound and a four month road closure begins on 27 September.
David Wilson Homes has expressed its interest to build 61 detached, four and five-bedroom homes on a 12-acre portion at the southern end of the Mount Oswald site, which represents the first phase of a £200m development in Durham City.
After securing some very lucrative contracts from a a series of companies across the North East, Scotland and the Midlands, Sunderland-based Q Laser has revealed plans to create more jobs and add an extra shift, a news report in the local media has revealed.
The laser cutting business was initially started in order to deliver specialized services to its metal fabrication-focused sister company Dale Fabrications, which works with names including Nissan, Komatsu and Caterpillar.
EE seems to have some very serious expansion plans in place, since it’s just announced that it will add up to 100 new full time and part time jobs across Darlington and North Tyneside.
According to a media news report on this matter, the company, which owns Orange and T-Mobile and has more than 15,000 members of staff across the UK, plans to bolster its customer service and sales staff in the region.