Watch: Insider's Business Briefing - 2nd December - video Dailymotion

Insider Media

Alice and Jennifer discuss an expansion for Insider Media, a riverside regeneration scheme in York, and a pre-packaged deal for a brewery in Hull.

Transcript

00:00A Riverside matter plan in York, an acquisition for Insider and an investment

00:05deal for a Hull-based brewery all featured in today's business briefing.

00:14So Alice what have you come across today? So a really exciting story today actually

00:20for Insider because our parent company News Co Insider has expanded with

00:26the acquisition of the Business Magazine Group. So the company is based in

00:30Camberley and it operates seven B2B events serving the community across the

00:35south of England and it's also got two regional business magazines as well as a

00:39company and websites. So the deal advances the strategy of Insider's owner

00:44National World to become the most comprehensive platform for business and

00:48company news across the UK and David Montgomery who's the executive chairman

00:53of National World said that events in particular is kind of a key part of

00:57that growth strategy and so obviously this acquisition will accelerate that so

01:02yeah really good news and it's good to see the business growing. Yeah it's

01:06absolutely brilliant. Well some news in York now and so Helmsley Group has

01:11secured planning permission for the final part of the Colney Street

01:14Riverside matter plan and the development is set to bring some much

01:18needed residential space to the city and also reconnect York with the riverfront

01:23and so the development will cover three to seven Colney Street and the

01:29creation of a new Snickleway which will play a key role in reconnecting Colney

01:33Street with the River Ouse. So the existing shopfronts of the Colney Street

01:38buildings will be regenerated to reflect their historic character and the new

01:43ground floor retail space will be aimed at independent businesses. So Helmsley

01:47Group has said that this aligns with their vision to support local businesses

01:51and attract independent retailers and leisure owners to the area and work is

01:55set to begin in summer 2025. Lovely that sounds really nice I actually

02:00really love York so nice to see some kind of regeneration going on there.

02:04Definitely. Well moving over to the northeast we actually have some quite

02:08sad news an iconic music store that's operated in Newcastle since 1908 has

02:14closed its doors for the final time after failing to secure a buyer. So JG

02:20Windows has been located in Central Arcade it's actually been there since

02:24two years after the arcade opened so it's kind of a really you know a really

02:30long-standing business. Very sad for Newcastle and it's appointed Andrew

02:35Little and Gillian Saban of Begbie's Trainer as joint administrators and as a

02:40result of that 17 employees have been made redundant. So in 2023 the

02:46business was put up for sale this is I guess to reflect kind of the struggles

02:51of being a smaller shop. You know there's so many huge online music retailers so

02:58there's a lot of pressure for the smaller shops more regional shops but

03:03ultimately they didn't secure a buyer which is why it's now appointed

03:07administrators. The star's general manager Alex Cole said that the city

03:12will be a quiet place without it and it definitely will. Yeah well very

03:16disappointing news for Newcastle and so to end this on a more positive note

03:21a brewery called Atom announced that it has secured an investment deal

03:27and with the business owner Rob Brocklesby and so Atom brewery is based

03:33in Hull and it was founded in 2014 and opened it for its first taproom in 2018

03:38and which is also based in Hull and is located on Princess Avenue and so this

03:44investment follows a pre-packaged administration and is set to secure the

03:49future of the Atom beer brands and also ensure the continuity of the brewery

03:53and its base in Hull. So the investment will provide the necessary capital to

03:58drive the brewery forward and all staff members are being retained to ensure

04:02continuity and stability for the brand. Excellent definitely a more positive

04:06note to end the briefing on. If you would like to read more about that story or

04:10any of the stories we've discussed today you can do so on insidermedia.com

04:14while you're there feel free to check out our events, subscribe to our newsletters

04:18and of course our magazines. Thank you for watching. Thank you.

Watch: Insider's Business Briefing - 2nd December

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