The Bank of England dramatically slashed interest rates by 0.5% today along with central banks around the world in response to the global financial turmoil.Read
NORTHERN Rock boss Ron Sandler yesterday hailed the turnaround achieved at the nationalised bank and said the North East deserved credit for playing its part in the transformation.Read
THE high-flying Norwegian entrepreneur who bought a Tyneside frozen food factory three years ago says the business is about to make its first profit.Read
THREE years after buying the business, glass company boss Ryan Green has seen turnover double to over £9m and further growth will follow a £650,000 factory expansion.Read
A NEW survey has showed UK manufacturing is in its longest period of decline for 28 years. Peter McCusker asks what the future holds for the sector?Read
AFTER a record year, the Newcastle-based corporate finance team of national accountants and advisers Baker Tilly is still performing strongly, despite the economic downturn.Read
SEPTEMBER was a terrible month for the financial markets and October has so far proved no better. There will be more bad news as the credit crunch claims more victims and pushes global demand down at least another notch.Read
THEY say you really find out who your friends are in times of trouble and Northumberland has had a tough month – however the business community has pulled together and the good news is we have some great friends out there.Read
BROADCASTER Nick Owen, hosting yesterday’s annual meeting of regional development agency One NorthEast, remarked that it was a relief to get away from London and come to somewhere a bit more “stable”.Read
AFTER Monday’s panic across global markets, the FTSE 100 Index showed signs of strain during the day as, once again, the finance sector took a battering.Read
IN a very volatile day of trading, the FTSE 100 closed up 16.0 points yesterday at 4605.2. On the upside, mining stocks enjoyed a bounce after very heavy falls on Monday. Vedanta Resources jumped 102.0p to 1005p and ENRC climbed 33.2p to 458.75p.Read
A SPECIALIST supplier to the oil and gas sector, which said it had seen turnover increase by 60% in the last two years, is expecting a further rise in 2009.Read
