Corus anniversary
TODAY marks the tenth anniversary of the formation of steel giant Corus. The Corus named was revealed in 1999 as the new moniker for the group formed by the merger of British Steel and Dutch giant Koninklijke Hoogovens; and shares in Corus began trading on October 6, 1999. Today Corus employs around 3,500 staff at sites across Tees Valley.
New car boost
SALES of new cars in Britain increased by more than 11% last month, providing fresh evidence of the motor industry’s recovery from recession, new figures showed today. There were 367,929 new car registrations in September, 11.4% more than the same month a year ago, as motorists continued to take advantage of the scrappage scheme, under which they receive a £2,000 discount on vehicles more than 10 years old when they buy a new model. The Society of Motor Manufacturers and Traders (SMMT) said today’s figures showed the third monthly increase in a row after a rise of 6% in August and 2.4% in July.
House prices rise
HOUSE prices rose for the third month in a row during September, increasing by 1.6%, Halifax said today. The average UK property now costs £163,533 5.9% more than when prices hit their trough in April this year.
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