Category : Corporate News


North Shields Firm Rescued, 28 Jobs Saved

First-Rate Maintenance, a property maintenance business based in North Shields, has been rescued through a pre-pack administration sale to Dima Group, preserving all 28 jobs and ensuring continued operations under its existing name.

Pressure Washer Recall Over Electric Shock Risk

An urgent product recall has been issued for cordless pressure washers due to serious electric shock risks. The Office for Product Safety and Standards warns consumers to check devices purchased online.

UK Business: Summer Hopes, Investments, and Iran War Impact

Hoteliers in Blackpool anticipate a strong summer season as UK holidays gain popularity. Meanwhile, NatWest sells its HR advisory arm, Manchester United secures £2bn funding, and Rolls-Royce invests £19.3m in turbines. The economy faces uncertainty due to

Papilo Acquires REKK Recycling in Scotland

Papilo, a waste management group backed by Palatine, has acquired REKK Recycling in Scotland, marking its third acquisition in a year to strengthen its UK presence.

Omega Plastics Sold to Former Senior Team Members

Gateshead-based Omega Plastics, a former North East Company of the Year, has been sold to former senior executives Chris Thompson and Mark Thornton as founder Dave Crone retires after nearly three decades.

Rolls-Royce CEO Wins Backing for £18m Pay Package

Rolls-Royce CEO Tufan Erginbilgic is poised to secure shareholder approval for an £18m compensation package, following the company's dramatic financial turnaround and soaring share price performance since 2023.

Co-op Group Plans Takeover of Southern Co-op

The Co-op Group is targeting a takeover of Southern Co-op, aiming to integrate 300,000 members and three crematoria by late 2026, amid leadership changes and recent financial challenges.

Co-op Group Plans Merger with Southern Co-op

The Co-op Group has announced plans to merge with Southern Co-op, integrating 300 food, funeral, and Starbucks branches plus three crematoria, pending member approval in late 2026.

John Lewis CEO Pay Hits £1.2M Despite Job Cuts

John Lewis Partnership CEO Jason Tarry received a 21% salary increase to £1.2 million while the retailer eliminated 3,300 positions. The total compensation package reached nearly £1.26 million with bonuses.

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