Skip to content
Search

Latest Stories

NFRN inks lease deal with Durham Group

NFRN has signed a ten year lease agreement with property investment company Durham Group Estates to occupy 13,000 square feet (sq ft)of space at the Bede House in Belmont Business Park, Durham.

The move by the Federation of Independent Retailers (NFRN) has come as it is relocating its national headquarters from London to Durham.


The move is expected to create over 20 jobs in a variety of roles from finance, customer service, client management, communications and administration.

Stuart Reddish, NFRN national president, said: “The location at Belmont Business Park, with direct access to the A1 and the main line train station, combined with the high quality office space at Bede House, made a compelling case for us to relocate to Durham.

“When one also considers the North East offers a very stable, high quality workforce, then we have every reason to believe the move of our head office to Durham will ensure the Federation continues to thrive to the benefit of our members for the next century.”

Durham Group Estates, which operates across the North East and Yorkshire, completed the first phase of the 26,000 sq ft two-storey office building refurbishment in September 2019, with accountancy firm Baldwins occupying the 13,000 sq ft first floor.

“Coming from a background of working within my parent’s newsagents when I was growing up, to see the NFRN relocate its headquarters to Durham is a very proud moment for me,” commented Gurpreet Singh Jagpal, chief executive of Durham Group Estates.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less