Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces for a cut in interest rates, it has announced.Read the full story ›
The decision by pharmaceutical giant GlaxoSmithKline to invest £275m at its UK manufacturing sites including in County Durham has been welcomed by MEP Jonathan Arnott.
This is great news not just for the local area but for Britain in general and I am delighted with the firm's view that despite Brexit the country remains an attractive location.
There was such doom-mongering about the economic future of the UK before the Referendum vote but already we are seeing that the fears were exaggerated beyond belief and the GSK investment decision demonstrates this."
GSK said the cash boost would help build a new sterile facility at Barnard Castle and will create jobsRead the full story ›
Two BHS stores are set to close in the region for the last time this weekend.
The store in Hartlepool's Middleton Grange Shopping Centre will close its doors today, as well as the store in South Shields' Waterloo Square.
The two North-East locations are part of 20 national closures happening this weekend, affecting 580 BHS employees.
Councillor Kevin Cranney, Hartlepool Council's chair of Regeneration Services Committee, said:
It is a hugely disappointing to see BHS close and our thoughts are with the staff affected and their families.
As a Council we will help in whatever way we can to help and support staff through this difficult period.
There are a number of ways in which the Council can help whether its support to get back into work, setting up your own business, re-training as well as benefit advice.
A damning report by MPs found workers were treated as "commodities" rather than human beings - and founder Mike Ashley is '"accountable".Read the full story ›
A report published today by HS2 East has highlighted the 'economic importance' of pressing ahead with the Eastern leg of HS2Read the full story ›
£9m plans for a new road bridge in Middlehaven have been submitted this week.Read the full story ›
Take a look at our map to see where the Metro expansion could go:
A 360 degree, in-car camera has helped a Sunderland school scoop an award.Read the full story ›
Metro users have learnt of ambitious plans to upgrade and expand the North East's Metro rail service. Here's what you need to know:Read the full story ›