Business News for 1 October 2009

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40 jobs to go as British Engines Ltd cuts back Oct 01 2009

MORE engineering jobs are to go in the North East as a company which produces specialised equipment for the offshore oil industry announced redundancies.Read

Call for more eco-friendly transport incentives Oct 01 2009

THE founder of electric vehicle manufacturer Tanfield is calling for more incentives for people to make the switch to eco-friendly transport as the company reported an £11m loss and a 68% slump in turnover.Read

Green firms making their mark Oct 01 2009

STUDENTS, businesses and business leaders are thinking hard about their green footprint to launch a national enterprise challenge.Read

Newcastle law firm Mincoff reverses merger Oct 01 2009

MINCOFF Jacksons yesterday confirmed that it would reverse a merger that made it into one of the region's biggest commercial law firms just 10 months ago.Read

NBS banks on Kingdom for success Oct 01 2009

NEWCASTLE Building Society (NBS) has added an unusual client to its portfolio after being appointed by a bank that provides finance for many of the UK's church-building projects.Read

Cleaning firm set to wipe the floor with competitors Oct 01 2009

A CLEANING firm boss who won over celebrity entrepreneur Duncan Bannatyne on TV's Dragon's Den believes he can grow his firm's annual sales from £370,000 to £2.5m by 2011 as he moves into cleaning up crime scenes.Read

Tyneside taxi firm on road to success Oct 01 2009

OVER the last 50 years a car with a blue stripe has helped drive the mass creation of jobs on Tyneside.Read

Pioneering switch could yield hundreds of jobs Oct 01 2009

THE world's first diamond electronic switch has been developed by a Durham company which its bosses say has the potential to create hundreds of jobs in the North East.Read

Clothing firm to close 89 branches Oct 01 2009

OUTDOOR clothing firm Blacks Leisure, which is a third owned by Newcastle United owner Mike Ashley, has announced plans to close 89 of its loss-making stores.Read

High street giant warns of tougher times ahead Oct 01 2009

HIGH street giant Marks & Spencer has warned of "tough going" in 2010, despite reporting its best trading performance for two years.Read

Fashion chain takes a tumble Oct 01 2009

AS a bellwether of the retail sector Marks & Spencer offers some comfort for traders but many store chains are still suffering terribly from the downturn.Read

British firms expect a slowdown Oct 01 2009

CONFIDENCE among British businesses slipped in September, with more firms expecting activity to slow down in the coming months, according to a new report.Read

Firms oppose capital buffers Oct 01 2009

LARGER banks are resisting efforts to impose tougher capital requirements on institutions deemed "too big to fail".Read

We’ll be fine, say Jacksons Oct 01 2009

A senior partner involved in the de-merger of a Stockton law firm has claimed the move will not spark a flurry of legal firms going private.Read

Switch from bright to gloomy outlook Oct 01 2009

TEESSIDE business confidence is on the wane according to new research, which appears to contradict a flurry of recent reports indicating that bosses are more optimistic than they were.Read

Seekers looking to grow Oct 01 2009

HARTLEPOOL PR firm Publicity Seekers said it would expand into Yorkshire next year as business accelerated. The likely location for a second branch is Leeds.Read

Calling up road safety! Oct 01 2009

A TEES Valley firm is targeting motorists with innovative mobile phone technology that aims to make the nation’s roads safer.Read

Airportcutsthreat Oct 01 2009

BRITISH Airways' boss Willie Walshie's threat to cut services if Heathrow’s third runway is blocked has added to regional pressure for the government to stand by its commitment to expand the airport.Read