Oct
2007
Articles from 26th Oct 2007
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Analysts scent first sign of homes slump
Oct 26 2007 | Business News
MORTGAGE lending last month plunged to its lowest September level in seven years as the global credit crunch saw banks clamp down on lending standards. Read
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Shell overtakes forecast, despite profit drain
Oct 26 2007 | Business News
OIL major Royal Dutch Shell has unveiled better-than-expected results despite higher refining costs causing a fall in profits. Read
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It's raining sales at outdoor chain
Oct 26 2007 | Business News
MILLETS owner Blacks Leisure says it is on the recovery trail after like-for-like sales rose 3% in the 26 weeks to September. Read
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Sales jump by 21% at life and pensions firm
Oct 26 2007 | Business News
NORWICH Union owner Aviva has impressed the City after it revealed a 21% jump in sales from its life and pensions businesses. Read
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S&N rebuffs approach
Oct 26 2007 | Business News
BREWER Scottish and Newcastle has rejected what it called a “derisory” £6.8bn takeover approach from European rivals Carlsberg and Heineken. Read
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On the right track
Oct 26 2007 | Business News
TRANSPORT group Go-Ahead has said rail passenger numbers continued to surge despite price hikes earlier this year. The Newcastle-based group, which operates Southern and Southeastern rail services, saw passenger volumes increase by nearly 13% in the three months to September. The numbers outstripped expectations despite commuters being hit with 6.3% fare increases on Southeastern trains and 4.3% on Southern journeys in January. The company, which employs around 25,000 people, posted underlying pre-tax profits of £110.1m in the year to June 30. Read
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Deadline set in moves for Sainsbury’s buyout
Oct 26 2007 | Business News
THE Qatari-backed fund circling supermarket chain Sainsbury’s was today given less than two weeks to formalise its £10.6bn takeover interest. Read
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Big guns lined up for the Rock
Oct 26 2007 | Business News
NORTHERN Rock suitor JC Flowers today unveiled a heavyweight management line-up for the stricken mortgage lender as talks over a possible offer continue. Read
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S&N calls time on takeover approach
Oct 26 2007 | Business News
BREWER Scottish & Newcastle yesterday rejected what it called a "derisory" £6.8bn takeover approach from European rivals Carlsberg and Heineken. Read
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Stamp collector’s red letter day with website
Oct 26 2007 | Business News
A STAMP collector is launching an online stamp valuation service as part of a business which he hopes will be worth £2.25m in five years’ time. Read
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65 jobs victims of health food drive
Oct 26 2007 | Business News
ATROUBLED food manufacturer has announced plans to axe up to 65 jobs by the end of the year as it closes its ready meal line. Read
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Baker wants a bigger slice of retail trade
Oct 26 2007 | Business News
ONE of the best known names on the North-East high street, Milligans Bakery, is heading for growth after deciding to move out of manufacturing. Read
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Bus and rail outstrip aviation for Go-Ahead
Oct 26 2007 | Business News
BUS and train operator Go-Ahead said yesterday first-quarter trading had been strong, as expected, causing its shares to jump by more than 5%. Read
