Connect with us

Business

Yorkshire’s Caddick Construction to build huge new storage centre in Newcastle

Published

on

Business Live

The facility will become the second Big Yellow Self Storage in the city

A CGI of the new Big Yellow self storage site being created in Newcastle

A CGI of the new Big Yellow self storage site being created in Newcastle(Image: Caddick Construction)

A new storage facility is set to be built in Newcastle following the appointment of a leading Yorkshire construction company. Caddick Construction, based in Wakefield, has been named principal contractor for the design and build of a new Big Yellow Self Storage facility in Newcastle’s west end – the second in the city alongside its Industry Road site.

The company is a leading provider of secure, modern self-storage units, offering customers rooms of varying sizes for both personal and business needs, and rapid expansion over the last few years has seen it grow to operate 114 locations across England, Scotland, and Wales.

Being delivered on behalf of the Big Yellow Construction Company, the new facility will have around 60,000 sqft of internal storage space spread across four floors, customer loading bays, staff welfare, office and reception areas.

Based on Scotswood Road, the facility will also have roof mounted solar photovoltaics (PV), battery storage, car parks, landscaping and external works. The storage centre is due to be completed next summer, and will be built to meet BREEAM ‘Very Good’ requirements.

Advertisement

The appointment builds on the success of Caddick’s first year in the North East, having secured a range of contracts totalling £127m since opening its new office in Durham in 2025. It also adds to its portfolio of industrial projects, which includes Richardson Barberry’s new DPD parcel hub at Newton Aycliffe.

Steve Ford, regional managing director, Caddick Construction North East & Yorkshire, said: “We’re pleased to have been appointed to the design and construction of Big Yellow Self Storage’s new facility. This project expands our industrial portfolio in the North East and builds on our team’s expertise in delivering high-specification schemes.

“As one of the most active development markets in the UK, we’re proud to support the region and the local area through this investment, and we look forward to working closely with the Big Yellow team and our regional supply chain to deliver a high-quality, sustainable development.”

Nigel Hartley, Big Yellow’s construction director, added: “Big Yellow Construction has a strong track record of delivering high-quality, sustainable assets for the operational business across the UK. To maintain these consistently high standards, we work only with the best, and we are delighted to partner with Caddick Construction on what we hope will be another successful project for everyone involved.”

Advertisement

Headquartered in Wakefield and with regional offices in Warrington, Kendal, Durham and Birmingham, Caddick Construction Group employs over 500 people across Yorkshire, the North East, North West and Midlands. In its last financial year, Caddick Construction Group – which is formed of Caddick Construction, Caddick Civil Engineering and CCL Facades – reported a turnover of £375m, a pre-tax profit of £4.5m and a forward order book of over £1.4bn.

Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Campaigners denied appeal against Gatwick Airport expansion

Published

on

A red and white plane, with blue sky and clouds in the background

In a 29-page ruling, they said: “We conclude that each of the grounds of appeal raised by each appellant is unarguable.

“Neither appeal has a real prospect of success. We also consider that there are no other compelling reasons for either appeal to be heard.”

The two senior judges also said that the previous ruling was “detailed and thorough”.

Gatwick is the UK’s second busiest airport and one of the busiest single-runway airports in the world.

Advertisement

The expansion will allow the site to be used for the departures of narrow-bodied planes such as Airbus A320s and Boeing 737s.

Following the decision, Barclay said: “We are very disappointed with the Court’s decision. We took this challenge as far as we could because we believed that the decision to allow Gatwick to expand was fundamentally flawed.

“It was not supported by government policy, would only serve to line the pockets of the airport and airlines, and would do so at the expense of local residents and the climate.”

Cagne said: “Residents should be immensely proud of what they have achieved in holding Gatwick Airport’s shareholders to account.

Advertisement

“This proposed new runway will come at a significant cost to both the taxpayer and the planet.”

Continue Reading

Business

Earnings call transcript: Entegris tops Q2 2026 forecasts and shares jump 9%

Published

on


Earnings call transcript: Entegris tops Q2 2026 forecasts and shares jump 9%

Continue Reading

Business

Devwest wins four weeks to deal with tax office liquidation push

Published

on

Devwest wins four weeks to deal with tax office liquidation push

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

Advertisement

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

Advertisement

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

  • Executives and directors tracking competitors, clients and market movements
  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

Advertisement

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

Advertisement

We’re happy to help.
Get in touch
and our team will come back to you.

Advertisement
Continue Reading

Business

Hercules Capital: Net Asset Value And Dividend Coverage Expands (NYSE:HTGC)

Published

on

Hercules Capital: Net Asset Value And Dividend Coverage Expands (NYSE:HTGC)

This article was written by

The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of HTGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

How the dry weather affects your supermarket shop

Published

on

Tomos Morgan stood in a dry wheat field

Tomos Morgan visits farm in Vale of Glamorgan to explain how the hot and dry spell affects crops.

Continue Reading

Business

LinkedIn ranks top colleges for career success with Princeton No. 1

Published

on

LinkedIn ranks top colleges for career success with Princeton No. 1

A new report by LinkedIn ranked the top 50 colleges in the U.S. based on how they prepare students for long-term success in their careers, using a range of factors that leverage the career networking platform’s data.

The report uses LinkedIn data to rank colleges based on five categories: job placement, internships and recruiter demand, career success, network strength and knowledge breadth.

Advertisement

The job placement data tracks cohorts of recent graduates from 2020 to 2025 who start a full-time position or graduate school program within a year of their graduation, while network strength tracks how connected recent alumni cohorts are to each other as well as to all past alumni and current students.

“We’re seeing students think about career success differently than previous generations. They want to build skills, grow their networks and position themselves for a labor market that’s rapidly changing,” said Andrew Seaman, editor-at-large for jobs and careers development at LinkedIn.

SOUTHERN CITIES DOMINATE RANKINGS OF BEST JOB MARKETS FOR NEW COLLEGE GRADUATES

Students on the campus of Stanford University

Stanford University made LinkedIn’s list this year. (David Paul Morris/Bloomberg via Getty Images)

“In today’s slower hiring market, professional relationships can make a meaningful difference. Skills and experience remain critical, but a strong alumni network can help open doors throughout a career, whether that’s through internships, mentorship, professional guidance, or new job opportunities,” Seaman added.

Advertisement

Compared with last year’s report, 43 of the top 50 schools, or 86%, returned to the rankings this year, which LinkedIn explained shows the continued strength of institutions that consistently prepare graduates for long-term career success.

US WORKERS INCREASINGLY TRAPPED IN THE ‘GREAT DETACHMENT’ AS HIRING SLOWS, REPORT SHOWS

Harvard Campus

Harvard ranked third on this year’s list. (Getty Images)

Seven new schools debuted in the rankings, including Middlebury College (No. 37), Claremont McKenna College (No. 40), Washington University in St. Louis (No. 42), University of North Carolina at Chapel Hill (No. 45), Davidson College (No. 47), Williams College (No. 48) and Bowdoin College (No. 49).

There was modest movement in the top 10 compared with last year’s edition of the report, with Princeton and Duke holding firm in the top two spots. Harvard rose to third and Dartmouth to fifth, while Yale returned to the top 10 with a ninth-place ranking.

Advertisement

WHY 529 PLANS REMAIN A POWERFUL TOOL FOR COLLEGE, TRADE SCHOOL SAVINGS

Princeton University's Blair Hall

Princeton remained in the top spot of LinkedIn’s top colleges list. (Loop Images/Universal Images Group via Getty Images)

LinkedIn’s Top 50 Colleges

  1. Princeton University
  2. Duke University
  3. Harvard University
  4. Massachusetts Institute of Technology
  5. Dartmouth College
  6. University of Pennsylvania
  7. University of Notre Dame
  8. Cornell University
  9. Yale University
  10. Stanford University
  11. Vanderbilt University
  12. Brown University
  13. Babson College
  14. Northwestern University
  15. University of Virginia
  16. Bucknell University
  17. Wake Forest University
  18. Tufts University
  19. Washington and Lee University
  20. Carnegie Mellon University
  21. Boston College
  22. University of Chicago
  23. Lehigh University
  24. Columbia University
  25. Villanova University
  26. Rice University
  27. Fairfield University
  28. Bentley University
  29. University of California-Berkeley
  30. Colgate University
  31. California Institute of Technology
  32. Georgetown University
  33. University of Southern California
  34. University of Illinois Urbana-Champaign
  35. University of Richmond
  36. Trinity College
  37. Middlebury College
  38. University of Michigan-Ann Arbor
  39. Southern Methodist University
  40. Claremont McKenna College
  41. Bryant University
  42. Washington University in St Louis
  43. Providence College
  44. Miami University
  45. University of North Carolina at Chapel Hill
  46. Lafayette College
  47. Davidson College
  48. Williams College
  49. Bowdoin College
  50. Purdue University

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Continue Reading

Business

Do & Co TUPE dispute: Unite pursues tribunal claims

Published

on

Do & Co TUPE dispute: Unite pursues tribunal claims

Unite is pursuing collective employment tribunal claims against airline catering firm Do & Co over its refusal to transfer 117 employees at London Heathrow, the union said on Tuesday, and says a further 44 workers due to move to the company by 1 September are in the same position.

The first set of claims follows Dnata’s loss of its American Airlines catering contract at Heathrow, which was taken over by Do & Co. Unite said Do & Co refused to transfer the 117 employees, more than 100 of whom were Unite members, and that those workers subsequently lost their jobs. The union said proceedings are in progress and tribunal claims are pending.

In early June, Unite said, it learned that Do & Co had won the catering contract for Air India flights operating out of Heathrow, again taking over from Dnata. Forty-four employees should transfer to Do & Co by 1 September, the majority of them Unite members, according to the union.

Unite said Do & Co has refused to engage with it on that transfer. The only correspondence received had been marked “without prejudice”, the union said, together with the position that TUPE may not apply because Do & Co considers the services provided under the contract to be different from those previously delivered by Dnata.

Under the Transfer of Undertakings (Protection of Employment) Regulations 2006, a service provision change occurs when a contract ends and is given to a new contractor, and only employees who can be clearly identified as providing the service being transferred are protected, according to government guidance on business transfers. The guidance states that the size of the business does not matter. Employers involved in a transfer are also required to inform and consult representatives of affected employees.

Advertisement

Unite said it has been the case for decades that when an airline moves to another catering firm under a service provider change, the affected employees move to the new contract holder.

Unite general secretary Sharon Graham said: “The behaviour of Do & Co has been nothing short of disgraceful. While Unite is taking legal action, it has decided to put the jobs of more of our members at risk.

“TUPE agreements must be honoured. The situation is completely unacceptable and Unite will never allow our members to be left high and dry. All workers who have been refused transfers have our full support in their fight to protect their jobs.”

Unite regional officer Shereen Higginson said: “Time is running out for our members who worked for Dnata on the Air India work who are impacted. Unless consultation begins immediately, there is a high chance they will be left without jobs.

Advertisement

“Do & Co has form for this behaviour, which goes completely against any agreements. It must honour TUPE and Unite will look into all avenues to ensure this is met. It must stop burying its head in the sand and negotiate with Unite.”

The claims enter a tribunal system in which the backlog of active claims passed half a million by the end of September 2025, according to quarterly tribunal statistics, with open employment tribunal cases up 33 per cent on the same period a year earlier.

Unite has previously taken employment status cases to the employment appeal tribunal, including a 2018 ruling on agency workers paid through payroll companies which found that such a worker could be a worker of the agency, the payroll company or both.

Do & Co has been approached for comment.

Advertisement

Jamie Young

Jamie Young

Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the ‘covid era’ and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine’s coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

Advertisement
Continue Reading

Business

Krispy Kreme elevates two to new roles

Published

on

Krispy Kreme elevates two to new roles

Nicholas and Suess take on new positions.

Continue Reading

Business

Building that played key role in Swansea’s copper industry being transformed

Published

on

Business Live

Work transforming the historic Laboratory Building at the Hafod-Morfa Copperworks site is due to be completed this year

Looking from the top of the Laboratory Building towards the Swansea.com Stadium and Penderyn Whisky(Image: Swansea Council )

The transformation of a building where copper ore was probably tested during Swansea’s industrial heyday is due to be completed this year.

Council contractors have been working on the Laboratory Building at the Hafod-Morfa Copperworks site since late 2024 and are starting to install new floors. A Welsh slate roof will also be added.

It’s one of a number buildings at the site that have been or are being restored, including a Penderyn whisky distillery, and it’ll be ready for internal fit-out once finished.

The council said future uses could include it becoming a restaurant for more than 100 diners.

Advertisement

The grade-two listed Laboratory Building with its ornate windows and stone doorcase is next to the Morfa Gates, once a key copperworks entrance.

The council said it was probably used to test the quality of copper ore coming into the site.

How the grade two-listed Laboratory Building could look.(Image: GWP Architecture)

A council spokesman said the rebuild was part of its ongoing programme to regenerate the Lower Swansea Valley, with support via the UK Government’s local regeneration fund.

Council leader Rob Stewart said: “We’re bringing the historic Laboratory Building back into use so and it’s great to see the floors going in and the building coming back to life.

Advertisement

“The copperworks site has the potential to become a major leisure destination, building on its status as a key part of Swansea’s heritage.”

He added: “We’re pushing forward with the restoration of the Tawe river corridor and the Lower Swansea valley project. Penderyn are there, the two historic engine houses are being restored, and we have plans for more boating pontoons on the river.“A new river walkway is planned, new facilities will be created along the river, and a new major tourism destination is set to open nearby.”

John Weaver Contractors have been overhauling the Laboratory Building. GWP Architecture and Coreus Group are also involved. The council said a search for a tenant would get under way shortly.The nearby Vivian and Musgrave engine houses will also be restored.

The council’s planning committee heard last month that remains of wheel pits, rolling mill trenches and furnace bases – some potentially up to 200 years old – were found at the engine houses during excavation work.

Advertisement

The project includes a new link building between the grade two-listed engine houses. The new-look site will be suitable for restaurant, cafe, retail, and exhibition uses when completed.

Continue Reading

Business

Micron Shares Jump More Than 6% as AI Memory Demand Sparks Rebound After Recent Selloff

Published

on

Earnings News: Micron Technology Inc (NASDAQ: MU)

Micron Technology shares rose more than 6% in early trading Tuesday, climbing back toward recent levels as investors returned to memory chip stocks amid ongoing strength in artificial intelligence-related demand.

The stock traded at $881.50, up $51.99 or 6.27%, as of mid-morning Eastern time. The advance came after a period of volatility in which the shares had pulled back from highs reached earlier in the summer, pressured in part by reports of planned capacity expansions by Chinese competitors and broader profit-taking across the semiconductor sector.

Micron has been one of the clearest beneficiaries of the AI infrastructure buildout. In its fiscal third quarter ended in late May, the company reported revenue of $41.46 billion, a more than fourfold increase from the year-earlier period and well above Wall Street expectations. Adjusted earnings reached $25.11 per share. Gross margins expanded sharply to about 84.6%, reflecting higher pricing power in a market where demand for advanced memory has outstripped available supply.

Management guided for fiscal fourth-quarter revenue of approximately $50 billion, plus or minus $1 billion, with gross margins near 86% and adjusted earnings of about $31 per share. Those figures pointed to continued sequential growth and reinforced the view that the current upcycle in memory pricing remains intact.

Advertisement

Chief Executive Sanjay Mehrotra said the results and outlook “reflect the strategic value of memory in the AI era.” He added that the company expects “tight conditions to persist beyond calendar 2027 as a result of AI-driven demand across all segments coupled with structural supply constraints.”

High-bandwidth memory, or HBM, used alongside advanced processors in AI accelerators, has been a key driver. Micron has reported that its HBM supply for the year is largely committed under multi-year contracts, and it has secured strategic customer agreements totaling billions of dollars, including cash deposits and pricing protections designed to stabilize volumes and margins. Data-center related revenue has grown to represent a substantial portion of overall sales.

The company has also outlined elevated capital spending to expand production capacity, including investments aimed at meeting customer needs for HBM and other high-performance DRAM. Analysts have noted that these long-term supply agreements help reduce the traditional cyclicality of the memory business by locking in a portion of future demand.

Despite the strong fundamentals, the stock experienced a correction in recent weeks. Shares had risen hundreds of percent over the prior year, pushing valuations higher and leaving the name vulnerable to shifts in sentiment. Reports that China’s ChangXin Memory Technologies was considering additional DRAM production capacity contributed to caution among some investors concerned about eventual supply increases. Broader market rotation away from high-flying AI names also played a role.

Advertisement

Tuesday’s rebound appeared tied to a broader recovery in semiconductor and AI-related shares. Positive signals from other technology companies about enterprise AI adoption helped restore confidence that demand for the memory chips required by large-scale data centers remains robust. Several analysts have maintained or raised price targets, citing the combination of near-term pricing strength, multi-year contracts and the structural shift toward higher-value AI memory products.

Wall Street consensus remains constructive, with a majority of analysts rating the shares a buy and average price targets implying further upside from current levels. Some research notes have highlighted free-cash-flow generation potential that could support share repurchases or other capital returns over time, even as the company invests heavily in new capacity.

Micron operates in a concentrated industry alongside Samsung and SK Hynix. The three dominate global production of DRAM and related products. Supply discipline and the specialized nature of HBM manufacturing have so far limited rapid capacity responses, helping sustain elevated prices. Industry commentary from peers has similarly pointed to multi-year tightness in certain memory segments.

Risks remain. Memory markets have historically been volatile, and any slowdown in AI capital spending by hyperscale cloud providers could eventually pressure pricing. Competitive responses from Chinese manufacturers, execution risks on new technology ramps such as next-generation HBM, and the high capital intensity of the business are ongoing considerations. Valuation after the large run-up also leaves less margin for error if growth expectations are revised lower.

Advertisement

For now, the early-session gains reflected renewed focus on the company’s position at the center of AI hardware demand. Micron’s ability to convert record revenue and margins into sustained free cash flow, while expanding capacity under long-term customer commitments, continues to shape investor views of the stock.

Trading remained active as the session progressed, with the shares recovering a portion of the ground lost during the recent pullback. The performance underscored the sensitivity of memory-chip equities to shifts in AI spending expectations and supply-demand balances in the broader semiconductor market.

Micron is scheduled to report its next quarterly results later in September. Until then, investors are likely to watch for updates on customer demand, pricing trends and any further developments on competitive capacity plans. The company’s recent results and guidance have positioned it as a primary proxy for the health of the AI-driven memory cycle.

Advertisement
Continue Reading

Trending

Copyright © 2025