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  • Innovation backer gets £50m boost

    Tuesday 14 May 2013 5:00

    The UK’s innovation agency, the Technology Strategy Board (TSB), has had its annual budget increased by £50m to £440m this year, the government will announce today.
  • Tata forced to write off £1bn

    Tuesday 14 May 2013 5:00

    Tata steel has written off US$1.6bn (£1.04bn) from the value of its assets, raising fears about the future of its UK business.
  • Aviva outsources 600 UK jobs to India

    Tuesday 14 May 2013 5:00

    Insurance group Aviva is to outsource 600 jobs at offices in York, Sheffield and Norwich to India.
  • Cable delivers £5.5m regional boost

    Monday 13 May 2013 13:00

    Business secretary Vince Cable has today announced £5.5m of Regional Growth Fund investment in the region, creating over 700 jobs and safeguarding a further 450.
  • Vertu offloads loss-making truck business

    Monday 13 May 2013 7:17

    Motor dealership group Vertu has offloaded its loss-making heavy truck business, generating around £1.5m for the group.
  • Grainger gets new partner ahead of £111m deal

    Monday 13 May 2013 7:16

    Residential landlord Grainger has created a new joint venture to acquire a portfolio of South London residential property for £111m.
  • Nationalisation could hold key to mining group’s future

    Monday 13 May 2013 6:00

    The future of three North East mines employing around 200 people run by UK Coal could reportedly be secured by a plan to nationalise other parts of the troubled coal business.
  • Service sector drives confidence rise

    Monday 13 May 2013 6:00

    Business confidence in the UK climbed in April on the back of improved optimism levels in the services sector, a survey shows.
  • Hargreaves has Scottish coal deal in its sights

    Monday 13 May 2013 5:00

    Energy services group Hargreaves is closing in on its bid to buy six Scottish coal mines after being named as the preferred bidder for the sites.
  • Zytronic profits to plummet amid sluggish trade

    Monday 13 May 2013 5:00

    Touchscreen manufacturer Zytronic has warned that its slow conversion of orders means results for the year will be “very significantly behind’’ market expectations, with year-to-date profitability more than halved.
  • Office demand soars in Newcastle in Q1

    Monday 13 May 2013 5:00

    Newcastle’s office market performed well in the first three months of this year, according to the latest report.
  • Support for air tax action plan

    Monday 13 May 2013 5:00

    Business leaders in the North East have welcomed a report by MPs calling for the government to look at scrapping or reducing air passenger duty, APD.