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Business News for 3 January 2008

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Site sale catalyst for revitalisation

Jan 3 2008

A MAJOR manufacturer has sold its factory but will continue to operate from the building as a tenant – and the spare capacity released by the sale is earmarked to act as a catalyst for growth in a town rocked by recent job losses....

ICI to be delisted from Stock Exchange

Jan 3 2008

FORMER North-East industrial giant ICI is set to be delisted from the London Stock Exchange today after Dutch group Akzo Nobel completed its £8bn takeover of the chemicals group....

10.7% decrease in business failures

Jan 3 2008

LAST year’s credit crunch and climate of tougher borrowing conditions had little impact on North-East businesses, a new survey has found....

‘Dream’ hotel opening soon

Jan 3 2008

A MILLIONAIRE Northumberland businessman is just weeks away from realising his dream of opening up a luxury hotel in the countryside north of Alnwick....

Bannatyne unveils £16m expansion plan

Jan 3 2008

DUNCAN Bannatyne, one of the North-East’s highest profile entrepreneurs and “dragon”, has unveiled £16m investment plans for the New Year....

Slump for Next

Jan 3 2008

THE first major high street name to update on what is likely to have been the grimmest retail Christmas in years has announced a slump in sales. Fashion chain Next said that during the period from 30 July to 24 December, mainline like-for-like sales in the 309 stores that were unaffected by new openings were down by 3.2%, although Next Directory sales were up by 2.2%....

Support to find jobs for workers stepped up

Jan 3 2008

EFFORTS to find employment for more than 800 who lost their jobs in two factory closures are being stepped up....

Firms’ fury over fuel price hikes

Jan 3 2008

RECORD fuel prices are having a “catastrophic” impact on Tees Valley haulage firms....

Exports pass £10bn mark

Jan 3 2008

TEESSIDE’S chemical and pharmaceutical industries have led a record breaking year for regional exports, which powered past the £10bn mark for the first time....