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Osbit Limited, the offshore technology and engineering company, has secured a contract with Global Marine Group to supply an advanced multi-function pre-lay and backfill subsea plough. The plough, named Scion 240, represents the fourth major trenching system contract Osbit has…

Consumer price inflation is down its lowest levels since 2016 amid weakened demand for products and services and a collapse in the price of key commodities like oil. Inflation, which is the metric for identifying how prices grow over time,…

An offshore technology company has hailed its expertise after completing a “milestone project” to support the renewable energy sector. Osbit Limited has delivered an underwater plough to Global Marine Group. Bosses say the technology represents “an industry first”, adding it will…

Construction work has begun to extend a liquid fertiliser firm's presence in the region.

A Newcastle-based life sciences company has invested more than £11 million to scale up production of its diagnostic Q-POC™ device and disposable test cassette. QuantuMDx accelerated the development, scale-up, and manufacture of its molecular diagnostic system earlier in the year…

A challenger bank promising a £3 billion property sector boost has officially launched.

Or, in the case of Alnwick-based Pure Fishing and Eclipse Translations, it is just the other side of the A1! Both have formed a strong working relationship based on their respective success in international markets. Pure Fishing, which acquired Hardy &…

A fast-growing global energy and technology consultancy has developed new technology to help businesses monitor and manage their energy usage more effectively. Gateshead-headquartered Global Procurement Group (GPG) has developed the new technology,  which provides real-time data that helps companies determine…