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Business News for 24 April 2008

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Jobs boost on way with big yard order

Apr 24 2008

MORE than 300 jobs could be created at a North East yard with a massive contract win by offshore oil and gas engineering company Heerema....

Arriva’s revenues soar – but fuel cost rises cause concern

Apr 24 2008

ARRIVA’S revenues jumped by more than 60% in the first three months of this year as the public transport giant drove up business at home and abroad....

Harsh words for bank boss

Apr 24 2008

A RETIRED North East businessman accused bank boss Sir Fred Goodwin of “unbelievable bad management” when he vented his anger at the company’s £12bn rights issue....

Bank rate-setters divided

Apr 24 2008

THE Bank of England’s dilemma between inflation fears and staving off a slowdown has been highlighted by news that rate-setters were split three ways for the first time in nearly two years....

Rock valuation battle

Apr 24 2008

A LEGAL battle between Northern Rock shareholders and the Government has come a step closer following Treasury lawyers’ rejection of investor pleas for “fair compensation”....

Valley is in sights of Punch

Apr 24 2008

PUB operator Punch Taverns has revealed that Tees Valley is in its sights for future acquisitions, as it announced interim results today, but it also said a deal with rival group Mitchell & Butlers, which owns the Tall Ships in Hartlepool, was probably off....

Airports review may boost Tees

Apr 24 2008

THE owner of Durham Tees Valley Airport said it did not rule out bidding for one of London’s gateways if a Competition Commission ruling forces BAA to break up its UK portfolio....

£100m power plant scheme

Apr 24 2008

CONSULTATION has begun over plans for a £100m “energy from waste” plant in Billingham, which could create up to 40 permanent jobs....

Footsie bounces after early losses

Apr 24 2008

THE UK markets spent the morning in the red, with the leading FTSE Index losing 55.9 points by lunchtime, before recovering to close in positive territory....

Price Right project aims to lend a hand

Apr 24 2008

MIDDLESBROUGH-based Price Right Properties is targeting opposite ends of the social scale in Stockton as it launches a £635,000 investment portfolio....

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