Oct
2008
Articles from 1st Oct 2008
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Experts upbeat about property
Oct 01 2008 | Business News
Tees Valley property experts are cautiously optimistic about the sector’s long-term prospects, despite residential land values in the North-east nose-diving by 25% in the last year. Read
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Sale rumour rumbles on
Oct 01 2008 | Business News
PLASTICS giant Lucite International, which has a base at Billingham, yesterday declined to dampen mounting speculation that it could be sold to a consortium involving neighbouring chemical company Sabic. Read
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Deadline that must be met
Oct 01 2008 | Business News
WHAT do polar bears and hairdressers on Teesside have in common? Read
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Move to reduce new deposits
Oct 01 2008 | Business News
IT is understood that Northern Rock has seen a significant rise in new deposits over recent days as confidence in other banks has been hit by the developments in the United States. Read
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Brinkburn going green after trebling turnover
Oct 01 2008 | Business News
AN ENGINEERING company is targeting the green energy market as a way of doubling its turnover after receiving a cash injection. Read
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Stadium Group pays £100,000 for niche designer Fox
Oct 01 2008 | Business News
ELECTRONICS manufacturer Stadium Group has revealed a new acquisition. The Hartlepool company has paid £100,000 for Fox Industries Ltd from owner/director Roger Barrett. Read
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Engineering firm agrees to £18.6m takeover deal
Oct 01 2008 | Business News
TYNESIDE engineering firm Chieftain is poised for expansion after agreeing to be taken over by a Yorkshire rival for £18.6m. Read
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Job loss fears for 200 food workers
Oct 01 2008 | Business News
THE major employer in a Northumberland town has been placed into administration, raising concerns for the jobs of 200 staff. Read
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Bradley Hall get expansion plan under way
Oct 01 2008 | Business News
TWO of the region’s firms of chartered surveyors have joined forces to protect themselves against the economic decline hitting property developers. Read
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Turnover at Tanfield soars by over 150%
Oct 01 2008 | Business News
MANUFACTURER the Tanfield Group has seen turnover soar by more than 150% to £92.8m in the first half of the year despite months of turmoil which has seen 100 staff laid off and its share price plummet. Read
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Jessica aims to roll out her shirtmaking
Oct 01 2008 | Business News
A SHIRTMAKER who specialises in selling to sportsmen plans to roll out her business across the UK. Read
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Dull and boring is now the new sexy
Oct 01 2008 | Business News
THE Newcastle Building Society has been able to ride out the succession of storms in the world’s financial markets by being dull and boring, according to its chief executive Colin Seccombe. Read
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Demutualisation was greeted with delight 11 years ago
Oct 01 2008 | Business News
IN August 1997 the Northern Rock announced it was going to demutualise, saying it needed to access cheaper money from the capital markets to help it grow. Read
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Savers’ peace of mind
Oct 01 2008 | Business News
THE first building society was established in 1775 when a group of Birmingham workers clubbed together their savings and bought a plot of land. Read
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‘Discounter’ Tesco sees profits rise to £1.45bn
Oct 01 2008 | Business News
THE UK’s biggest supermarket said it racked up a 10% rise in first-half profits despite the “powerful economic headwinds” facing the business. Read
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Still plenty opportunities
Oct 01 2008 | Business News
THE past few weeks will undoubtedly live long in the memory of many investors. But while shareholders and the media alike remain fixated on the current difficulties in the US it is worth remembering that some blue-chip names are still performing robustly. Read
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Thousands come up with enterprise ideas amid gloom
Oct 01 2008 | Business News
THE man who heads a leading North East business support organisation will be the guest of honour at the Ward Hadaway Fastest 50 awards ceremony next week. Read
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Training scheme hailed a success
Oct 01 2008 | Business News
PD Ports has celebrated the success of its apprenticeship programme at Teesport. Read
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Salvage plan hopes
Oct 01 2008 | Evening Gazette Business News
THE UK’s biggest banks gathered stock market momentum today amid revived hopes of a revamped $700bn financial salvage plan. Expectations of Congressional approval for a deal in the US saw names including Halifax Bank of Scotland and Barclays gain ground as the FTSE 100 Index lifted 1.5% in early trading. The US Senate will vote tonight on the £385bn rescue package in a surprise bid to get the rejected plan passed. Read
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System needs reform
Oct 01 2008 | Evening Gazette Business News
A DARLINGTON employment advisor has called for root and branch reform of the tribunal system as pressure on jobs grows. Read
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What bosses know
Oct 01 2008 | Evening Gazette Business News
WITH just eight weeks to go before every business user on Teesside must register chemical products to ensure their supply, we took a straw poll of what bosses understood of the new rules. Read
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BANKING shares joined a stock market recovery today amid hopes for a revamped 700 billion US dollar (£392bn) financial salvage plan in the US.
Oct 01 2008 | Evening Gazette Business News
Mining stocks were also higher, despite Xstrata’s decision to axe its £5bn bid for rival Lonmin due to turmoil in global credit markets. Read
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We’ve been vindicated - CBUK
Oct 01 2008 | Evening Gazette Business News
THE Darlington steel supplier involved in a four-year high-profile spat over the construction of Wembley Stadium claimed its reputation is still intact, despite being hit with a £6m bill. But the legal wrangle may not be over yet. Read
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Australia 2.12 dollars
Oct 01 2008 | Evening Gazette Business News
Bangladesh 116.38 taka Read
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Latest Tees Valley business news
Oct 01 2008 | Evening Gazette Business News
RESIDENTIAL LAND values across the Tees Valley have nose-dived; PLASTICS GIANT Lucite International yesterday refused to rule out mounting speculation that it could be sold; A DARLINGTON employment advisor has called for root and branch reform of the tribinal system as pressure on jobs grows. Read
