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Northern Electric

Northern Electric is to sell its chain of more than 30 shops in the North-East and Yorkshire to management, creating a new group called Northern Retail, but 90 of the 440 jobs will be lost.

Northern Electric has sold its wind power business to London Electricity for £3.5m, including turbines in Northumberland and County Durham and the right to build a £60m offshore windfarm near Hartlepool.

Northern Electric is planning to relocate its administration centre from the centre of Newcastle-upon-Tyne to the Cobalt Business Park in Wallsend.

Northern Electric Generation has won approval to build a gas-fired combined heat and power station at Avonmouth, near Bristol.