Monthly Archives: June 2012

Northgate creates 200 jobs after turnaround

The group, which operates fleets in the UK and Spain, has opened a second office at its County Durham base as part of the shake-up of the business, which is now almost complete. Chief executive Bob Contreras said: “We have … Continue reading

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Newcastle headquartered Private Equity firm bids £1.1bn for Australian department store chain

Locally based ambitious private equity fund EB Private Equity has bid £1.1bn (AU$1.65bn) for the prominent Australian department store chain David Jones. David Jones earlier this year scared the Australian markets with a profits warning slashing their profit forecasts for … Continue reading

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Berghaus profits up

North East outdoor clothing specialist Berghaus says it has seen a huge increase in sales as ramblers and climbers snap up waterproofs and boots to cope with the climate. The Sunderland-based firm has seen like-for-like online trading almost double in … Continue reading

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85 jobs saved with sale of Newcastle bakery Tindale & Stanton

The Burnopfield firm collapsed a fortnight ago for the second time in a year after its owner, Yorkshire entrepreneur Arthur Harris, put it into administration.But today administrators The P&A Partnership said that a consortium of four former managers of the … Continue reading

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Peters Cathedral Bakers close three branches

The Durham firm, which went into adminstration last week, stopped trading its Peters Bakery shops in Billingham and Stockton and its Loaf shop in Pity Me yesterday and closed them for good today. KPMG, which is handling the administration of … Continue reading

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North East SMEs in positive mood

SMALL to medium-sized property businesses across the North East are more positive about the future of the sector than in 2011, with almost a quarter expecting an increase in market activity in the next six months, according to a new … Continue reading

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Sage to Brazil

The Newcastle Great Park-based tech giant is paying £125m for a 75% stake in the Folhamatic Group, which is the market leading accountancy software provider for SMEs inBrazil, now the world’s sixth biggest economy. The price equates to 13 times … Continue reading

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