BREAKTHROUGH technology company Tracerco is to open a base in Abu Dhabi - the financial powerhouse of the oil rich United Arab Emirates - as it strengthens its foothold in the Middle East’s oil extraction and processing sectors.Read
DRUGS giant GlaxoSmithKline has started a voluntary redundancy programme at its County Durham site as part of a global shake-up which has already seen 300 jobs go at its plant in Cumbria.Read
A WATER cooler and dehumidifier manufacturer is planning to move to £7m facilities to make its own fridges, if planners give the go-ahead for a new Tesco supermarket on its current factory site.Read
A CAR fitting business expects to see its turnover rocket from £350,000 to £2m in five years as more motorists look to improve their existing vehicles as a way of dealing with the credit crunch.Read
ROYAL Bank of Scotland’s new chief executive has pledged the bank will remain a global business, but also announced a “thorough” review that will see costs targeted and divisions potentially sold off.Read
THE region’s creative industries sector has been bolstered by news that a £75m national organisation to give children access to arts and culture is to be based in the North-east.Read
WHEN great ideas come up they flash with the spark of genius. Less bright ones flicker and glow before they eventually disappear, but for one Newcastle design company, a light bulb has literally gone on.Read
MARKS & Spencer has said half-year profits fell by a third after sales suffered in the toughest conditions to hit the retailer since the early 1990s.Read
A TEESSIDE recruitment company has taken an unusual approach to riding out the economic downturn - by deliberately running at a loss in the hope that customers will stick with it in the long term.Read
