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Top story
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O'Leary in Leeds Bradford Airport vow
Ryanair’s chief executive Michael O’Leary has vowed to fight Manchester Airport's dominance in the north and hailed Leeds Bradford Airport as a "beacon of light" in Yorkshire. In a colourful address before Leeds, York and North Yorkshire Chamber of Commerce members, the outspoken airline boss claimed the Yorkshire airport and Ryanair were working together against Manchester Airport to "kick the s**t out of them".
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Deals
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Trustmarque acquires cloud computing business
York-based software business Trustmarque Solutions has stepped up its growth strategy with the acquisition of Hertfordshire-based cloud computing specialist Nimbus Technology Systems.
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Trio of Yorkshire CCS projects bid for EU cash
Carbon capture storage (CCS) projects in Yorkshire have accounted for three of the 12 UK applications submitted by the government for funding from the European Union’s New Entrant Reserve scheme. The European Investment Bank (EIB) fund is worth between €4.5bn (£3.8bn) and €9bn (£7.6bn) to support CCS and renewable projects across the EU.
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Spencers sells property management arm
Sheffield-based estate agency Spencers has disposed of its property management business to Countrywide. Spencers was advised on the sale by BHP Corporate Finance.
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Skipton confirmed on EFG panel
Skipton Business Finance has said it will continue to provide the government-backed Enterprise Finance Guarantee Scheme loans throughout 2011. The lender, part of the Skipton Building Society Group, has been confirmed as an approved panel lender for 2011.
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Santander secures £150m business fund
Santander has secured £150m in its third round of funding from the European Investment Bank (EIB). Santander said the money would be used to provide discounted loans to qualifying businesses.
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Property
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Lovell signs up to £40m Skipton project
Lovell, the affordable housing division of Morgan Sindall Group, has signed an agreement with property developer Maple Grove Developments and Craven District Council for a £40m development programme in Skipton.
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Business
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North to reap dividends of BBC move, say bosses
The whole northern part of the country will benefit from the relocation of five major BBC departments to Salford Quays this year. That was the message from director of the BBC North project Peter Salmon, who highlighted the example of Yorkshire, and director-general Mark Thompson.
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SIG expects growth
SIG is expecting to "make progress" in 2011. The Sheffield business, which recently disposed of its Beaver 84 scaffolding business for up to £8.1m to Altrad, grew sales by 8 per cent in the first four months of 2011.
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Pace shares plummet after profit warning
Shares in set-top box supplier Pace have plunged in value by nearly 40 per cent after the Saltaire business issued a profit warning linked to the Japanese earthquake and tsunami.
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More changes at Northern Foods
Northern Foods has made more changes to its board following its takeover by Boparan Holdings Acquisitions. Birmingham entrepreneur Ranjit Boparan was successful in a £342m bid for the Leeds-based business in March.
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