Live updates

Peters Bakery goes into administration

Peters Cathedral Bakers, which trades as Peters Bakery, owns 58 retail outlets across the north east of England, a 50,000 sq ft factory and a direct mobile sales operation, all face closure.

The family-run business has been hit by rising costs of raw materials, energy prices and an increasingly tough retail environment, administrators KPMG said.The administrators will continue to trade the Durham-based company while they seek a buyer but warned redundancies were expected.

The challenging retail environment on the high street is exacerbated by rising commodity and energy prices squeezing margins in this sector.These factors, along with reduced volumes with its wholesale customers, has led to the failure of this 46- year-old family business.The company's main factory in Durham was refurbished and kitted out with state-of-the-art equipment after a devastating fire seven years ago.Its most recent financial statements show that Peters Bakery has a turnover of more than £12 million

– Mark Firmin, KPMG

Advertisement

Darlo fans start Save Feethams campaign

A campaign has begun to bring Darlington football club back to its old ground, Feethams. Yesterday the club said it will play at Shildon's ground next season.

Feetham's is now a wasteland but it was home to the club for more than a century before it moved to the Darlington Arena 9 years ago. Two men who were part of the Darlington FC rescue group have set up the Save Feethams Campaign to try to bring matches back to the original ground.

Advertisement

Darlington FC to use Shildon ground

The Darlington fans group DFC 1883, which last week rescued Darlington football club, has signed a ground sharing agreement with neighbouring Shildon.

Darlington will use Shildon as its home ground for the next season on a one year lease. The rent will be £25,000 which the group says will include all costs. It had also been looking at Bishop Auckland, but a spokesman says it was felt Shildon would be a better option for the majority of fans.

Load more updates

Advertisement

Today's top stories