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News
Goodwin sells £1.1bn defence unit to US private equity firm Cerberus
4+ day, 17+ hour ago (346+ words) Goodwin is based in Stoke-on-Trent British engineering company Goodwin has secured a £1.1 billion agreement to offload portions of its operations, which manufacture components for submarines and naval craft. Cerberus, a private equity house established by US defence official Stephen Feinberg,…...
Advanced Healthcare Group expands further into Scotland with acquisitions
5+ day, 20+ hour ago (470+ words) James Oates, director at Advanced Healthcare Group (left) and Michael Williams, investment executive at NEL Fund Managers.(Image: Simon Williams) A Newcastle-based healthcare and mobility investor has acquired two Scottish businesses using a six-figure backing from the Northern Powerhouse Investment…...
Heatwaves hit Dunelm sales but new boss has a turnaround plan
6+ day, 2+ hour ago (470+ words) The newly-appointed chief executive of Dunelm has warned that record-breaking summer temperatures have affected her efforts to revitalise the home furnishings retailer. Clo Moriarty, who joined the group from Sainsbury's in October last year, said progress on her new strategy…...
John Healey praises UK business and vows to support more 'unicorns"
6+ day, 22+ hour ago (477+ words) Chancellor of the Exchequer John Healey delivering his speech on economic growth at at the Manufacturing Technology Centre in Coventry(Image: Betty Laura Zapata/PA Wire) Chancellor John Healey said the UK economy was "turning a corner" as he pledged…...
Manufacturer Tharsus continues to invest as challenging year knocks profits
1+ week, 1+ day ago (506+ words) Northumberland robotics manufacturer Tharsus has continued to invest despite seeing revenue and profits fall in testing times. Tharsus also develops logistics automation products under its VersaTile platform. The business – a former Company of the Year at the North East Business…...
UK manufacturing growth slowdown hits SME manufacturers hardest in August
1+ week, 5+ day ago (366+ words) Welding being carried out on a gas pipeline (Image: Grimsby Live) The manufacturing sector saw a slight deceleration in growth during August as smaller businesses found it harder to secure new orders. S&P Global researchers indicated that manufacturing sector…...
AI will drive UK productivity says BoE governor Andrew Bailey
2+ week, 1+ hour ago (436+ words) He said that a softening in the labour market has been evident for some time. Artificial intelligence (AI) and robotics will be a “critical source” of faster growth that is needed in the UK economy, the boss of the Bank…...
Envelope maker Encore Group describes challenging year but continues investment
2+ week, 2+ day ago (327+ words) Bosses at print and packaging business Encore Group have described a "challenging but eventful year" in new accounts which show a dip in revenue and profits. The documents reveal that deal in June 2025 has given 300-strong Encore bigger market share…...
Burnham vows to ease UK business costs amid Budget tax raid fears
2+ week, 4+ day ago (661+ words) Prime Minister Andy Burnham helps to stack loaves of bread onto a shelf with the help of Mayor of London, Sadiq Khan and Pat McFadden, Secretary of State for Work and Pensions during a visit to a Sainsbury's store in…...
ScS owner maintains revenues as Italian owners ring the changes
2+ week, 5+ day ago (238+ words) The Sunderland was bought by Poltronesofà S.p.A for nearly £100m in 2024 The company behind North East furniture chain SCS largely maintained revenues despite closing many of its stores for refurbishments after a takeover by an Italian firm. Sunderland-based A…...