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Business News for 5 October 2007

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Interest rates held, but ‘next move will be down’

Oct 5 2007

THE Bank of England has resisted calls from business for a cut in interest rates to shore up confidence after the Northern Rock crisis and months of stock market turmoil....

Printer reaches end of the line

Oct 5 2007

THE 159-year history of one of the North-East’s best known printing companies has come to a sad end with the closure of Ward Philipson in Gateshead....

Biggest care home chain finds new chief from its own board

Oct 5 2007

THE UK’s biggest care home operator Southern Cross has announced the appointment of a new chief executive to take over from Philip Scott....

Aker clinches £16m order

Oct 5 2007

STOCKTON-BASED engineering giant Aker Kvaerner is celebrating a multi-million pound contract win....

Accident toll is probed

Oct 5 2007

A MAJOR workshop on Teesside aims to cut the number of fatal injuries and accidents in the road haulage and warehousing sector....

Cosmetics firm will shut Thornaby plant

Oct 5 2007

A STRUGGLING cosmetics packaging factory which employs 160 people on Teesside has confirmed it is to close....

Managers settle on pay as postal strike starts

Oct 5 2007

ROYAL Mail today announced it had agreed a pay deal with 12,000 of its managers as postal workers continued a strike which has crippled deliveries across the UK....