Economy Crisis - stories and reports on the global credit crunch from nebusiness

HMV unveils sound growth plan Mar 27 2010

HMV Group has put live music, festivals and stationery at the heart of its plans for growth.Read

Sales surge for John Lewis ahead of Easter break Mar 27 2010

DEPARTMENT store chain John Lewis has seen its weekly sales soar 15.8% as households turned their attention to home furnishings ahead of the Easter break.Read

First-timers may stymie Bellway's positive start Mar 25 2010

BELLWAY is back in the black and poised to start growing again but the builder said difficulties faced by first- time buyers could still stifle the housing market’s recovery.Read

Darlington Building Society returns to profit Mar 25 2010

DARLINGTON Building Society has seen its first loss in 152 years turn into a profit after keeping a tight rein on costs and a massive reduction in mortgage lending.Read

Future is bleak for BAE staff in North Mar 24 2010

BAE Systems bosses are to hold talks with staff in the next couple of weeks to pick through the wreckage of their failed bid for a massive Government armoured vehicle contract.Read

Builder Bellway back in the black Mar 24 2010

THERE were fresh signs today that the housing market is getting back on its feet as housebuilder Bellway's profits returned firmly to the black.Read

EMI looks at pawn option to raise cash Mar 22 2010

MUSIC group EMI is said to be in talks to effectively pawn its back catalogue of music recordings as it battles to improve its finances.Read

Big names to shed light on retail sector recovery Mar 22 2010

THE performance of the retail sector will be in the spotlight this week when major players including Sainsbury’s and Next deliver updates.Read

Nissan reveals electric car plans for Sunderland plant Mar 18 2010

NISSAN is today set to safeguard thousands of jobs by announcing plans to manufacture its new electric car in the North East.Read

Greggs expansion on course as profits rise Mar 18 2010

GREGGS is speeding up its plans to take the North East bakery brand to the rest of Britain.Read

Wellstream is well on course for recovery this year Mar 17 2010

AN OIL and gas pipeline company which axed 200 jobs in Newcastle this year because of the global recession is optimistic the upturn will come in the second half of 2010.Read

Debenhams maintains sales and profit growth Mar 17 2010

DEPARTMENT store chain Debenhams says it has maintained sales and profit growth through the cold snap and a "challenging" trading backdrop.Read

House of Fraser set to grow after lending overhaul Mar 16 2010

DEPARTMENT store chain House of Fraser said it was ready for the next stage in its growth plans after securing an overhaul of its lending terms.Read

Mutual profits hit after 'demanding' year Mar 16 2010

THE Norwich & Peterborough building society saw profits suffer as councils stung by the Icelandic banking crisis shunned mutuals.Read

Ambitious accountants Deloitte gearing up for growth Mar 15 2010

ACCOUNTANTS and business advisers Deloitte has unveiled ambitious growth plans as it prepares to move into larger offices in Newcastle.Read

Gateshead flooring company Sandafloor collapses Mar 15 2010

A 40-YEAR-OLD flooring business has been placed into liquidation with the loss of 16 jobs.Read

January figures chill the economy recovery hopes Mar 11 2010

HOPES of a stronger economic recovery in the first quarter have been winged by official figures showing a sharp fall in manufacturing output during snowbound January.Read

Standard Life unveils a better profit performance Mar 11 2010

STANDARD Life has unveiled better than expected profits and says it plans to target a further £100m of efficiency savings by 2012.Read

Northern Rock staff to receive bonuses of up to £3,000 Mar 10 2010

THOUSANDS of Northern Rock staff will receive bonuses of up to £3,000. The windfall comes as a reward for helping the bank slash its losses last year, it was announced today.Read