Latest business news and financial news in Newcastle, Teesside and the North East

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HMV hits the right note after a strategy change Jul 01 2010

RETAILER HMV has said its "three pillar" strategy of new products, live music and reviving the Waterstone's book chain was showing early signs of success after an 18% rise in profits.Read

Getting town up to broadband speed Jul 01 2010

STOKESLEY businesses are set to get an ultra high-speed broadband network after fierce complaints that connectivity was too slow and unreliable.Read

Tees Vantis buy-out secures 70 jobs Jul 01 2010

THE future of around 70 workers has been secured following a management buy-out of the three Tees Valley operations of accountancy firm Vantis, which went into administration on Tuesday.Read

250 jobs to come with £29m Teesport expansion Jun 30 2010

AROUND 250 jobs will be created in the first phase of plans for a £29m expansion of the North East’s biggest port.Read

Aesica eyes expansion in both US and Europe Jun 30 2010

FAST-growing pharmaceuticals company Aesica has made its third acquisition in four years and says it is eyeing more takeover targets in Europe and the US.Read

Darlington firm Northgate drives back into profit Jun 30 2010

VAN hire giant Northgate is back in profit after restructuring and refinancing of the business.Read

Insolvency firm Vantis is in administration Jun 30 2010

THE future of around 75 jobs at accountants and insolvency practitioners Vantis were in doubt this morning after the firm itself fell into administration.Read

Fears of North-east economy's double loss Jun 30 2010

THE coalition Government was last night accused of dealing the North-east economy a double blow by clawing back regeneration cash and snatching powers from the region.Read

Belgian firm VDW to appeal £5m order Jun 30 2010

THE Pensions Regulator has ordered a Belgian company to stump up £5m after it found it had put a Gateshead subsidiary into pre-pack administration to avoid its existing pension liabilities.Read

IT entrepreneurs form a posse to foil web cowboys Jun 30 2010

TWO Teesside-based IT entrepreneurs are aiming to stamp out cowboy web developers and boost business for legitimate practioners.Read

Northumberland wigwam village gets funding Jun 30 2010

A POPULAR Northumberland wigwam village is preparing to expand to cope with growing tourist demand.Read

BemroseBooth workers anger at management Jun 30 2010

WORKERS who got their marching orders from BemroseBooth, the struggling print firm that was put into administration on Monday, have blasted management.Read

North East Chamber of Commerce in Government plea Jun 30 2010

THE head of a leading North-East business group has urged the Government to keep private business at the heart of its agenda if it is to avoid a 'double dip' recession as a result of its cuts in the public sector.Read

Immunodiagnostic Systems makes USA breakthrough Jun 30 2010

A NORTH EAST drugs company's plans to see sales rise to £100m within five years have been boosted after it got the green light to sell its most popular product in the US.Read