Oct
2009
Articles from 16th Oct 2009
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Teesside University keying in to a new world of business deals
Oct 16 2009 | Business News
TEESSIDE University is weeks away from going live with a revolutionary ‘online city’ which enables firms to buy and sell goods without committing a single penny to production. Read
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New firm’s confidence in Wilton
Oct 16 2009 | Business News
A COMPANY which specialises in providing electronic equipment for use in hazardous environments has shut up shop in Chesterfield and moved to Wilton to capitalise on what it is determined will be a successful process sector, despite the problems of the past few months. Read
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Post staff prepared for strike
Oct 16 2009 | Business News
HUNDREDS of Teesside postal workers are set to strike next week in a bitter row over pay, jobs and working conditions. Read
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Takeover off the rails
Oct 16 2009 | Business News
A CONSORTIUM led by the biggest shareholder in National Express today said it had withdrawn its £765m offer for the struggling transport group, which is being stripped of its East Coast main line franchise by the government. The line will pass back into public ownership by the end of the year. Spain’s Cosmen family, which owns 18.5% of the firm, had been working with CVC on a potential deal since July. Now it says it will support plans for National Express to strengthen its £1bn debt-laden finances by raising cash from shareholders. The firm said it was is in talks with major shareholders over fundraising to give the group a “strong, stable platform”. This month it emerged that the woman appointed by Transport Secretary Lord Adonis to oversee the East Coast Main Line handover and run the franchise during the 12 to 15 months it is expected to take to find another private operator, would earn more than the Prime Minister. Elaine Holt will receive more than £175,000. Read
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Get ready for the upturn, says bank
Oct 16 2009 | Business News
COMPANIES in the Tees Valley must begin preparing for the upturn now if they are to seize the opportunities presented by improving economic conditions, according to a local bank. Read
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Chemical industry campaign goes to the top level
Oct 16 2009 | Business News
TEESSIDE'S chemical industry is to take its case to the PM as it emerged one of the Government’s big hitters was making a secret visit to Wilton today. Read
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Bumper bank rewards after 278% profits leap
Oct 16 2009 | Business News
INVESTMENT banking giant Goldman Sachs has revealed it has set aside £10.3bn so far this year in pay and bonuses as it revealed a 278% leap in profits. Read
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Relaunch of iconic Hovis brand proving popular
Oct 16 2009 | Business News
PREMIER Foods’ relaunch of the iconic Hovis brand has closed the gap on market leader Warburtons, the firm said yesterday. Read
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Sainsbury’s takeover talk sees shares soar
Oct 16 2009 | Business News
SUPERMARKET Sainsbury’s saw its shares soar yesterday on rumours of renewed takeover interest from its major Qatari investors. Read
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Xstrata and Anglo American mining merger fails
Oct 16 2009 | Business News
ATTEMPTS by mining giant Xstrata to join forces with Anglo American in the creation of a new mining super-major have ended in failure. Read
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Drink and think at creative business event
Oct 16 2009 | Business News
CREATIVE business people will get the chance to make new contacts at an event next week hosted by Newcastle University Business School. Read
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Newcastle Business Village is boxing clever
Oct 16 2009 | Business News
NEWCASTLE Business Village is boxing clever after coming up with its new “buy by the desk” concept for fledgling businesses. Read
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Students’ bright ideas for reusable products
Oct 16 2009 | Business News
DESIGNERS at Newcastle College have impressed waste industry professionals with their ideas for reusable products. Read
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Call centre hope as store giant consolidates
Oct 16 2009 | Business News
DEPARTMENT store group John Lewis has launched a shake-up of its call centre operation which could see hundreds of jobs coming to Newcastle. Read
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New job hopes after rescue of JW Rae Bakers
Oct 16 2009 | Business News
THE 11th-hour rescue of a bakery, which saved 16 jobs, is to be followed up by the creation of a further 15 jobs by the firm’s new owner. Read
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Possible buyer for Teesside's Petroplus refinery
Oct 16 2009 | Business News
SPECULATION is mounting that a buyer could be closing in on the Petroplus refinery on Teesside. Read
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Ailantus investing in North hotel refurbishment
Oct 16 2009 | Business News
HOTEL entrepreneur Mike Chawla is looking to the future with a multi-million investment programme which he believes will add a further 25% to group sales as the economy comes out of recession. Read
