Jan
2009
Articles from 23rd Jan 2009
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Battle over £300m SeaDragon contract
Jan 23 2009 | Business News
THE creation of hundreds of North East jobs is hanging in the balance after the company behind a £300m contract to build oil rigs said it was pulling out of the region. Read
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FTSE down nearly 50 points on recession news
Jan 23 2009 | Business News
WORSE than expected figures showing the UK’s plunge into recession saw the FTSE 100 Index struggle to keep above the 4,000 mark this morning as investors fretted over the dire economic outlook. Read
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UK now in worst recession since 1980
Jan 23 2009 | Business News
THE UK is officially in recession with the economy at its worst since 1980. Read
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Go online fora new tasteof tradition
Jan 23 2009 | Business News
A TRADITIONAL chain of Teesside butchers is entering the digital age with the launch of an on-line fresh meat service. Read
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It’s official: We’re in it
Jan 23 2009 | Business News
BRITAIN officially entered recession today as figures revealed the country’s economic output fell during the last two quarters of 2008. Read
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Fears for pensions
Jan 23 2009 | Business News
WORKERS could be forced out of final salary pension schemes as 25 firms plan to close them to existing members, the National Association of Pensions Funds said. A survey by the NAPF has found that a quarter of members who responded said they would stop current contributors saving into the schemes in the next five years. The majority of the 8,000-plus existing final salary schemes are already closed to new members but if the plans are shut down, savers will be forced to put their money into riskier, stock-market linked schemes. Payments they have already made will be protected, but they will lose the guarantee of a payout to match their salary. Read
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Call for clarity on bank risk
Jan 23 2009 | Business News
THE full scale of the risk to the taxpayer from multi-billion-pound bank nationalisations and bail-outs must be made public, MPs have demanded. Read
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North firms queue up for crunch loans
Jan 23 2009 | Business News
ALMOST £1m has been handed to North East firms to help save jobs in the first few weeks of a new loan scheme to provide liquidity during the bank credit freeze and firms have applied for another £3.5m. Read
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Why Northern Rock is right to pay staff bonuses
Jan 23 2009 | Business News
THEY were having a field day on the Daily Mail website message board: “Disgusting!” “They are lucky to have a job at all!” “Outrageous!” “I wouldn’t pay a penny into this wretched outfit!” Read
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Health trainers hoping to add £1m to turnover
Jan 23 2009 | Business News
A HEALTH and safety training company expects to add more than £1m to its £2.3m turnover and is looking to increase its international reach despite the bleak economic conditions. Read
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Security firm trades on crime growth in hard times
Jan 23 2009 | Business News
A SECURITY firm is celebrating winning healthcare contracts worth more than £2m and believes it can increase turnover by benefiting from the downturn. Read
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Eight from UK and Continent contend for rubbish work
Jan 23 2009 | Business News
A SHORTLIST of eight companies has been announced for a huge contract to treat and dispose of waste for three North East councils. Read
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Bleakest outlook for 18 years is forecast
Jan 23 2009 | Business News
MANUFACTURERS have reported the bleakest trading outlook in 28 years after new figures showed a sharp drop in demand over the last three months and a forecast that 60,000 jobs will be lost in three months. Read
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Microsoft to axe 5,000 as income falls by 11%
Jan 23 2009 | Business News
MICROSOFT said yesterday that it was axing up to 5,000 jobs, with 1,400 to go with immediate effect, in the first major redundancy programme since it was founded 23 years ago. Read
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Business worth tens of millions lost at shipyard
Jan 23 2009 | Evening Gazette Business News
THE rebirth of Tees Valley’s iconic shipbuilding industry is on hold today after it was revealed giant oilrigs will not be coming to Tees Valley. Read
