Aug
2008
Articles from 29th Aug 2008
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£500m green power plant given Government go-ahead
Aug 29 2008 | Business News
PLANS to build a £500m green power plant on Teesside, which could create 1,000 jobs during construction, have been given the Government go-ahead. Read
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Deregulation will see solicitors joining forces
Aug 29 2008 | Business News
DEREGULATION of the sale of legal services, which will effectively put solicitors in competition with supermarkets, will see a rapid consolidation among local firms if they are to survive, predicted the newly elected president of Tees Valley Law Society today. Read
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Eyes on next project as hotel nears completion
Aug 29 2008 | Business News
THE new £2m Hotel du Vin in Newcastle is now just six weeks away from opening, 10 months after fire ripped through the building – but already chief executive Robert Cook is considering a new site in Durham. Read
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Diving school planned for Newcastle suburb
Aug 29 2008 | Business News
ASPECIALIST scuba diving school is being planned for a prominent site on the edge of Newcastle, with local enthusiasts banding together to get the scheme off the ground – and under water. Read
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Prosperity pours in to busy Wellstream
Aug 29 2008 | Business News
HALF-YEAR profits at the world’s second-biggest offshore oil pipeline supplier have increased fivefold to more than £40m after revenues shot up by over 80%. Read
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Mortgage rates cut
Aug 29 2008 | Business News
ABBEY today became the latest lender to announce it was cutting its mortgage rates in a further sign that competition is returning to the market. The group is shaving 0.2% off its two-year fixed rate deal for people borrowing 70% of their home’s value and 0.1% off its three-year fixed rate loan. The lender also announced it was launching a new range of low fee deals on Monday for homeowners with a 40% deposit who are borrowing up to £250,000. Abbey’s announcement comes after Alliance and Leicester said it was cutting the cost of all but one of its mortgage products, reducing rates by between 0.1% and 0.55%. Read
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Start-up firms urged to enter awards
Aug 29 2008 | Business News
ENTREPRENEURS are being encouraged to enter The Best New Business Awards 2008, which recognises successful start-ups across Tees Valley. Read
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New base for advice on energy
Aug 29 2008 | Business News
BUSINESSES are being offered advice and support to help them develop new energy-efficient technologies and attract the inward investment to turn them into commercially viable projects. Read
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Stagecoach rolling in money
Aug 29 2008 | Business News
TRANSPORT group Stagecoach has said profits since May have been higher than expected after a sharp rise in revenues at its bus division. Read
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Warning lights are on for motor dealership
Aug 29 2008 | Business News
STRUGGLING motor dealership Pendragon predicted another 18 months of UK trading misery yesterday as it warned over full-year profits. Read
