Vertu Motors Launches £10m Cost-Cutting Programme
North East motor retailer Vertu Motors reveals job losses and £10m efficiency drive to counter headwinds from UK Government's EV mandate, while reporting strong trading performance.
Category : Corporate News
British Gas Pulls Misleading Heat Pump Ad After ASA Ruling
The Advertising Standards Authority has banned British Gas and Hive advertisements for overstating potential savings from heat pumps and solar panels, citing five breaches of advertising rules.
Key Appointments and Promotions Across North East Companies (04.03.2026)
Several North East companies, including Different Narrative, Opencast, FW Capital, B7, Allan Brothers, and EMG Solicitors, have announced significant new hires and promotions this week, signaling growth and strategic expansion in the region's business sec
Deloitte Names Andrew Wright Senior Partner for South West and Wales
Professional services giant Deloitte has appointed Andrew Wright as its new practice senior partner for the South West and Wales, succeeding Dave Tansley. Wright, with nearly 30 years at the firm, will lead a team of 2,300 people.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
FBC Manby Bowdler Acquires Jordans Solicitors in Black Country
Award-winning law firm FBC Manby Bowdler has acquired Jordans Solicitors, a Black Country practice, for an undisclosed sum, expanding the Adeptio Law Group's regional presence.
Dragons' Den Mead Firm Nidhoggr Goes Into Administration
Nidhoggr Mead Co, founded by a Dragons' Den entrepreneur, has entered administration despite celebrity endorsements and national retail listings.
Brewdog Closes 39 UK Bars After £33m Tilray Sale
Craft beer giant Brewdog will shut 39 UK bars, resulting in 484 job losses, following its £33 million acquisition by US consumer goods company Tilray Brands. Eleven sites, including in Birmingham, London, and Manchester, will remain open.
Former CBI Boss Fairbairn Named HSBC UK Chair
Dame Carolyn Fairbairn, former director-general of the CBI, has been appointed as the incoming chair of HSBC UK, succeeding Dame Clara Furse after nine years of service.
UK Animation Studio Collapses, 82 Jobs at Risk
Wild Child Animation Ltd, a British animation company with a £5.7 million turnover, has entered administration, threatening 82 jobs. Administrators aim to sell the business within two weeks.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
CMA Investigates Hilton, Marriott, IHG Over Information Sharing
The Competition and Markets Authority is investigating Hilton, Marriott, IHG and CoStar over potential sharing of commercially sensitive information via data analytics tools.
Newcastle Firm Appoints Interim CEO After Leadership Probe
Newcastle-based SkinBioTherapeutics has appointed Rachel Parsonage as interim CEO for six months following the resignation of former CEO Stuart Ashman amid an investigation into financial misrepresentation.
Yorks Coffee Empire Collapses: Birmingham Flagship to One Cafe
The dramatic fall of Yorks cafe chain leaves investors and staff reeling as debts exceed £750,000. Once hailed among world's best coffee shops, only Stratford branch remains open amid liquidation proceedings.
UK Car Dealership Collapses, Creditors Face Loss
Car Station Suffolk Ltd, a small independent second-hand car dealership, has entered liquidation with no assets, leaving 17 creditors unlikely to recover over £50,000 owed.
Construction Company Collapses Into Administration
Architectural Panel Solutions Limited, a specialist in façade and cladding systems, has collapsed into administration. This follows the recent administration of another construction firm, EJ Taylor and Sons, amid financial struggles in the sector.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Hornby Sells Scalextric to Purbeck Capital for £20m
Toymaker Hornby has sold the iconic Scalextric slot car racing brand to family-run investment firm Purbeck Capital Partners for £20 million, aiming to reduce debt and focus on other brands.
IAG Posts Record £4.4bn Profit for 2025, BA Leads Growth
International Airlines Group, parent of British Airways, announces a 17.3% rise in operating profit to £4.4bn for 2025, with strong margins and growth across its airlines.
Car Dealership Collapses, Creditors Face £50k Loss
Car Station Suffolk Ltd, a small independent dealership, has entered liquidation with no assets, leaving 17 creditors unlikely to recover over £50,000 owed.
Yeovil Tool Company Collapses into Administration
The family-run Miles Tool & Machinery Centre in Yeovil has appointed joint administrators, citing over £1 million in short-term debt. Customers report abandoned premises and unfulfilled orders.
WPP's £500m Cost-Cutting Plan with Job Losses
Global advertising giant WPP reveals a strategic overhaul targeting £500 million in annual savings by 2028, involving job cuts and consolidation into four core units to address 'excessive organisational complexity'.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Metal Company Collapses After 70 Years in Business
MTE Heat Treatment, a West Yorkshire-based industrial metal treatment specialist, has collapsed into administration, affecting 38 employees. Joint administrators have been appointed as the company ceases operations.
Rolls-Royce Returns £10bn to Investors Amid 40% Profit Surge
Rolls-Royce announces a massive £7bn to £9bn share buyback program through 2028, following a 40% profit jump and upgraded financial targets, marking a strong recovery.
Drax Profit Plunge Amid Job Cuts and Cost Savings
Power giant Drax reveals operating profits fell from £850m to £241m in 2025, with 350 job cuts announced. The firm cites impairments and market challenges but highlights record renewable power generation.
Diageo Cuts Dividend Amid CEO Lewis Turnaround Plan
Guinness owner Diageo reduces dividend to 20 cents as new CEO Dave Lewis implements aggressive cost-cutting measures, with sales declining and share price falling sharply.
Aston Martin to Cut Nearly 600 Jobs in £40m Savings Plan
Luxury car manufacturer Aston Martin Lagonda announces plans to slash up to 20% of its global workforce, impacting nearly 600 positions, as part of a £40 million cost-saving initiative following significant pre-tax losses.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Euroview Glass Firm Bought by Competitor ESG Group
Euroview Architectural Glass Ltd has been purchased out of administration by competitor ESG Group Ltd in a pre-pack deal, following a significant revenue decline and solvency challenges.
Women Reach 43% of FTSE 350 Board Roles in Major Shift
Britain sees a 'transformational' change in gender diversity, with women now holding 43% of board positions across FTSE 350 firms, up from 9.5% in 2011. However, more work is needed at executive levels.
Gambling Commission Chief Andrew Rhodes Steps Down
Andrew Rhodes, chief executive of the Gambling Commission, is stepping down after nearly five years. The Welshman from Neath will take a private sector role, with his departure set for late April.
Smiths News Faces Pension Claim Over Tuffnells Collapse
Smiths News shares drop as UK Pensions Regulator considers financial support direction for underfunded Tuffnells pension scheme, potentially requiring up to £3.5m.
ATS Euromaster Exits UK, 703 Jobs at Risk
Birmingham-based ATS Euromaster confirms plans to cease UK trading, closing 86 service centres and risking 703 jobs, with 49 sites to be sold to rivals.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
ATS Euromaster Winds Down UK Operations, 700 Jobs at Risk
ATS Euromaster, a major UK car servicing company, is winding down operations, putting over 700 jobs at risk. The firm has closed 86 garages and is selling parts of its network to preserve some roles.
Page 12 of 19
