Jan
2009
Articles from 9th Jan 2009
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130 jobs hanging in the balance at engine maker
Jan 09 2009 | Business News
AROUND 130 jobs could go at engine maker Cummins as a result of the global downturn in construction and transport. Read
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Hartlepool chemical firm targeted by Israeli group
Jan 09 2009 | Business News
A HARTLEPOOL chemical firm employing 70 people looks like being snapped up by new cash-rich owners after its parent company agreed to offload it in a bid to reduce its £100m-plus debt. Read
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Recruitment Now becomes all-female business
Jan 09 2009 | Business News
THE director of one of the region’s recruitment firms has handed over the reins to his wife after helping her to create a £1.6m turnover business in four years. Read
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The week ahead
Jan 09 2009 | Business News
FESTIVE trading updates from the likes of Tesco and HMV next week will shed further light on how the sector fared. Read
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Cost-cutting Persimmon axes dividend payments
Jan 09 2009 | Business News
HOUSEBUILDER Persimmon will not pay a dividend this year as it continues to conserve cash in the current tough trading climate. Read
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Pension trustees drop legal challenge
Jan 09 2009 | Business News
GUARDIANS of the HBOS pension fund are dropping legal moves that threatened to delay the bank’s rescue deal with Lloyds TSB. Read
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Wilton to host energy-saving demonstration
Jan 09 2009 | Business News
WILTON has been chosen as the UK demonstration pilot for an energy-saving gas to liquids (GTL) project that could go global. Read
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Recruiter to double in size
Jan 09 2009 | Business News
WILTON-BASED recruitment firm TechConsult UK is on track to double turnover to £4m this year after signing up specialist personnel for the pioneering CompactGTL energy project in Redcar. Read
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Production up 25% at oil pipeline firm
Jan 09 2009 | Business News
OIL and gas pipeline business Wellstream has set out a positive outlook for the year after a challenging close to 2008 when falling oil prices spooked some nervous investors. Read
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Nissan will cut 1,200 jobs
Jan 09 2009 | Business News
CAR group Nissan last night sent shockwaves through the North East by axing 1,200 jobs at the country’s biggest and most productive car plant. Read
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Newcastle Building Society to axe 150 jobs
Jan 09 2009 | Business News
NEWCASTLE Building Society is to make up to 150 redundancies as a result of continued unprecedented market conditions. Read
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Interest rates slashed by a further 0.5%
Jan 09 2009 | Business News
MANUFACTURERS complained the half-point rate cut was not enough to stem the recession which has cost the sector thousands of jobs in the North East alone. Read
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Engineers aim for £42m turnover
Jan 09 2009 | Business News
FOLLOWING a highly-successful 2008 a specialist engineering firm is forecasting further rapid growth which it expects to boost turnover to £42m in four years. Read
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Bittersweet adventure begins for director
Jan 09 2009 | Business News
THE former head of a kitchen business which fell victim to the economic downturn is off to Dubai to set up a factory for the Saudi group which snapped up the manufacturing equipment belonging to his family-run firm. Read
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Labour questioned over lack of help for manufacturing and engineering sector
Jan 09 2009 | Business News
THE Government last night denied claims it was "picking winners and losers" as Nissan families today face up to the redundancy news. Read
