Aug
2008
Articles from 8th Aug 2008
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Bear to pay £7.5m for city heating company
Aug 08 2008 | Business News
AMBITIOUS Midlands company Southern Bear has agreed a deal worth up to £7.5m to buy out Newcastle central heating business Fenhams. Read
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Herbal health supplier has eyes on Ireland
Aug 08 2008 | Business News
A HARTLEPOOL health product supplier is planning an assault on the burgeoning Irish market in a bid to almost double turnover to £2m within 12 months. Read
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Ports boss calls for vital rail investment
Aug 08 2008 | Business News
TEESPORT operator PD Ports is ramping up pressure on the Government to make multi million pound improvements to the East Coast Mainline. Read
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Growing our own is the key to success
Aug 08 2008 | Business News
NEW research has highlighted an urgent need to boost production of home-grown, sustainable bio-fuels, a Teesside energy chief has claimed. Read
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Grainger closes 5.25p lighter
Aug 08 2008 | Business News
UK SHARES ended in negative territory at the close of the penultimate session following Wall Street opening lower and the Monetary Policy Committee’s decision to keep interest rates at hold at 5%. Read
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RBS ‘regrets loss’
Aug 08 2008 | Business News
ROYAL Bank of Scotland today unveiled its first loss in 40 years as a public company after suffering writedowns of £5.9bn. The group reported statutory pre-tax losses of £692m for the six months to June 30 - which compares with profits of £5bn the previous year. Chief executive Sir Fred Goodwin, who was forced to launched a £12bn rights issue earlier this year to shore up the firm’s balance sheet, said the loss was a “chastening experience” that “I and my colleagues regret very much”. NatWest owner RBS had already alerted investors to a £5.9bn credit crunch writedown when it launched the rights issue in April. Read
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BA chiefs could face jail for surcharges
Aug 08 2008 | Business News
FOUR past and present British Airways executives face the possibility of up to five years in jail after trading chiefs yesterday brought price-fixing charges against them. Read
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Barclays counts cost of ‘worst time in 25 years’
Aug 08 2008 | Business News
BARCLAYS has reported an “acutely disappointing” 33% profit slump after more hefty write-downs and warned that it expected tough conditions to continue through next year. Read
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People in North East some of worst-paid at 14% below norm
Aug 08 2008 | Business News
PAY in the region is continuing to lag behind the national average but North East women are narrowing the earnings gap with men more effectively than in other parts of the country. Read
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Business leaders back 5% interest rate freeze
Aug 08 2008 | Business News
BUSINESS leaders have backed the Bank of England’s decision to freeze interest rates at 5% for the fourth month in a row. Read
