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Top story
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Hammond hits back at HS2 critics
Transport secretary Philip Hammond has hit out at the "truck importers and climate change deniers" who have slated his high-speed rail plans. He spoke to Insider to vent his frustration at a group of high profile business leaders, Tory colleagues and economists who wrote to the Daily Telegraph to describe the HS2 line through the country as an “extremely expensive white elephant” and a “vanity project”.
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Deals
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Powerfuel set to be sold
The assets of Powerfuel, the owner of Hatfield Colliery and Powerfuel Power, are close to being sold, according to reports.
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MRT swept up in £1.3m deal
East Yorkshire-based Marine Rescue Technologies has been acquired by Australian marine safety equipment provider Mobilarm.
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Green Investment Bank 'must be able to borrow'
The UK could lose out on billions in green energy investment if the government waters down its plans for a Green Investment Bank, MPs have warned.
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Theme park adds rides with investment
Ripon-based theme park Lightwater Valley has invested £1.2m into the business adding new attractions.
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Nattrass goes into administration
Ampleforth-based piling business Nattrass Construction has been placed in administration. Administrators at Begbies Traynor said they are continuing to trade the business while a buyer is sought.
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Property
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Renew to end northern projects
West Yorkshire-based Renew is to stop building projects in the north of England once it has finished on current schemes, it said today. It also announced plans to reduce building revenue by £60m in 2012 and will incur £3.5m in redundancy and restructuring costs this year.
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RICS Pro-Yorkshire shortlist unveiled
The shortlist for the 2011 RICS Pro-Yorkshire Awards has been unveiled with 56 entries in with a chance of winning one of the nine awards.
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Business
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North prospects "worryingly bleak" without action - PwC
The prospects for the North look "worryingly bleak" without sufficient resources and a commitment to tackling inter-regional disparities, according to research by the Smith Institute in association with PwC and Newcastle University’s Centre for Urban and Regional Development Studies.
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Manufacturing festival gets underway
Global leaders from manufacturing and engineering are gathering in South Yorkshire for The Global Manufacturing Festival: Sheffield, starting today. The festival, which is set to attract more than 1,000 international delegates, will host representatives from the world of manufacturing, engineering, politics and education.
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Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.
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