Cautious welcome for "business Budget"

Business leaders have given George Osborne's Budget a cautious thumbs up, but it's still unclear how far the North East will benefit

Apprentices to get careers on track

Nexus, the company which runs The Tyne and Wear Metro, today revealed it will recruit 30 new apprentices over the next 3 years.

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Business Secretary launches new apprenticeships

The Rt Hon Vince Cable is visiting the Wilton International site on Teesside on Monday.

The Secretary of State for Business, Innovation and Skills is launching a new "fast track" apprenticeship and graduate training scheme aimed at 16-24-year-olds.

The Sembcorp Skills Development Programme will create 200 new jobs for apprentices and graduates in the process industries and their supply chain businesses.

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Government talks on flood protection for York

Flooding in the centre of York Credit: Anna Gowthorpe/PA Wire/Press Association Images

Government officials are meeting in York to discuss ways of securing affordable insurance against flooding for residents. Premiums could rise next month unless ministers strike a deal with insurance firms.

Read: Environment Agency flooding reports

Watch: Hull MP's flood insurance worries

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Gateshead's new town centre square almost ready to open

by Lucy Taylor

The Trinity Square development in Gateshead's town centre is almost complete. The area used to be run down and was famous only for its derelict car park - which featured in the film Get Carter, in 1971.

Now, the car park and most of the shops around it have been demolished and replaced by a new cinema, supermarket and flats for 1,000 students.

Watch the full report below.

Gateshead's Trinity Square almost ready to open

The final stone has been laid at Trinity Square, a new development to regenerate Gateshead town centre.

The area was largely run-down before building work started. When it is finished, it will include a supermarket, cinema and flats for 1,000 students. The first shops open later this month.

Trinity Square
The town centre square will sit in the middle of a supermarket and cinema, next to the transport interchange Credit: ITV
Trinity Square
A student village is on top of the supermarket, but tenants are not due to move in until September 2014 Credit: ITV
Trinity Square
The final stone was laid this morning in the public square Credit: ITV

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Greggs warns profits for whole year could be lower than first forecast

One of the North East's biggest businesses have announced a shock profits warning today, causing a marked drop in its share value - and raising more fears about the pace of the country's economic recovery.

Greggs the Bakers blames bad weather on a drop in like-for- like sales for the first four months of the year.

The company has warned it now expects profits for the whole year to be lower than first forecast.

History of industrial Teesside

The history of the heavy engineering company Head Wrightson on Teesside has been charted in a new book and DVD.

Head Wrightson was renowned for its fine workmanship around the world and employed generations of families for more than 100 years.

Some of those have people have recounted their memories in the book and on the DVD.

Greggs reports lower than expected profits

The Newcastle-based sandwich chain is blaming the bleak winter for a drop in sales. Credit: Tim Ireland/Press Association Images

Greggs the Baker has reported much lower profits than expected - as a result, the company's share-price took a nose-dive this morning.

The Newcastle-based sandwich chain is blaming the bleak winter for a 4.4 per cent drop in sales in the last 17 weeks.

It has triggered a fall of more than seven per cent in the company's share price.

A spokesman says they do not expect any significant improvements in the short-term.

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