Mar
2010
Articles from 11th Mar 2010
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Newcastle Building Society out of the red
Mar 11 2010 | Business News
NEWCASTLE Building Society hopes to see a profit this year after bouncing back from a £28m loss caused by a £43m write-off in deposits it held with two failed Icelandic banks. Read
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Trade gap widens locally too
Mar 11 2010 | Business News
REGIONAL trade figures due to be published today were expected to echo an unexpected national plunge in exports. Read
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‘Move aside’ call over Corus chief
Mar 11 2010 | Business News
REDCAR MP Vera Baird has called for Corus’ under-fire chief executive Kirby Adams to be moved aside if he cannot be trusted to do a deal over the stricken Teesside Cast Products Plant. Read
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Trolley good year
Mar 11 2010 | Business News
MORRISONS today hailed “another good year” as profits climbed 21% and sales hit record levels. The UK’s fourth biggest supermarket chain reported pre-tax profits of £767m for the 12 months to January 31, from £636m in the previous year. Morrisons, which said it expects economic conditions to remain challenging this year, saw like-for-like sales growth slow across the period to 6%, compared with 8.2% the year before. Read
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MEP’s welcome for Euro cut in red tape
Mar 11 2010 | Business News
A EUROPEAN vote in favour of exempting struggling small businesses from producing onerous annual accounts has been welcomed by Teesside MEP Fiona Hall. Read
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Could Tata build the new Nano in the North-east?
Mar 11 2010 | Business News
A NORWEGIAN electric car maker is poised to launch a new production operation in the North-east, it has emerged. Read
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The Range to open Portrack Lane megastore
Mar 11 2010 | Business News
ONE of the biggest casualties of the recession - the former Big W Woolworths outlet on Portrack Lane - is to reopen as a retail megastore. Read
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Rise in VAT ‘best option’ - Tees Valley taxation specialist
Mar 11 2010 | Business News
A FURTHER hike in VAT would be better for business than a rise in national insurance, a Tees Valley taxation specialist has claimed. Read
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The first winners of nebusiness awards
Mar 11 2010 | Business News
THE first winners in the North East's biggest and best business awards will be named tonight. Read
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Business tips for students
Mar 11 2010 | Business News
MORE than 800 North East students took inspiration from some of the country's most successful young entrepreneurs. Read
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MP attacks handling of bids by Corus
Mar 11 2010 | Business News
CORUS' handling of buy out bids for the Teesside Cast Products has been attacked by Redcar MP Vera Baird in a letter to its parent company Tata Steel. Read
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Turbine blades company gets backing from US
Mar 11 2010 | Business News
THE firm set to build giant wind turbine blades on Tyneside has secured more than £125m of investment from a US backer. Read
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Carbon tax casts a pall over industry
Mar 11 2010 | Business News
A CARBON "tax" could hit the North East’s industrial heartland with companies going bust or moving abroad, a minister has signalled. Read
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Northern Rock chief Gary Hoffman says bank has turned corner
Mar 11 2010 | Business News
NORTHERN Rock chief executive Gary Hoffman yesterday proclaimed the troubled bank had "turned the corner" after revealing it made smaller than expected losses in 2009. Read
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Tanfield's US sale plan is 'good news'
Mar 11 2010 | Business News
THE founder of North East stock market-listed company Tanfield says plans to sell its electric vehicle making business to its US partners is good news for the region. Read
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Carol Bell is one of 50 Women to Watch
Mar 11 2010 | Business News
THE head of culture at NewcastleGateshead Initiative has been recognised as one of the most talented women in the UK cultural and creative industries. Read
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North firm Hargreaves Services in merger talks with coal giant
Mar 11 2010 | Business News
NORTH East industrial group Hargreaves Services has confirmed it is in merger talks with the UK's biggest coal producer. Read
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Utility firms boost Costain order books
Mar 11 2010 | Business News
BUILDING firm Costain has shrugged off fears over deep post-election spending cuts as it said it was "looking to the future with confidence". Read
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Former ITV boss takes chairman job at EMI
Mar 11 2010 | Business News
MUSIC group EMI has named former ITV boss Charles Allen as executive chairman as the firm battles to improve its fortunes. Read
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3D boosts cinemas
Mar 11 2010 | Evening Gazette Business News
CINEWORLD, which has a site in Middlesbrough, today said growing momentum behind 3D movies would help it ride out “challenging” conditions in 2010 as the group posted record results. The UK’s second biggest cinema chain was helped by the huge success of James Cameron’s fantasy Avatar - the highest grossing movie of all time - amid 13 releases in the format last year. The group has a 35% share of the 3D market and expects 18 films to be released in the format this year. Cineworld said its early investment in the technology had paid off as the group lifted pre-tax profits 12% to £30.8m. Last year Cineworld Middlesbrough completed development of three new digital 3D screens, with a total capacity of 940 seats. Read
