Apr
2011
Articles from 27th Apr 2011
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Darlington firm Amdega goes into administration
Apr 27 2011 | Business News
CONSERVATORY and greenhouse company Amdega has gone into administration with the potential loss of 190 jobs.The administration of the Darlington company, which has been in business for over 130 years, was announced by its owners London-based private equity firm earlier today.It is just nine months since the business, which is based on the town’s Faverdale Industrial Estate was taken over by Endless.At the time it said it was intending to invest substantial sums in the business which at the time of the purchase had annual revenues of over £20m.A spokesman for Endless said today: Commenting on the development, a spokesman for Endless said: “This is extremely disappointing. At the time of investing, we knew that a turnaround of Amdega was going to be difficult. “We take pride in our approach to investing in turnarounds and significant time, capital and energy has been committed to the business. “We appointed a new senior management team shortly after our investment, who all worked tirelessly and, with the workforce, achieved some significant operational improvements. “However, due to the significant legacy issues we inherited, together with extremely difficult trading conditions, sadly, on this occasion, a rescue of the company has not been possible. “We would like to thank everyone for their efforts, commitment and professionalism over recent months.”@For a full report see tomorrow’s Journal. Read
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US firm Orca to pay £28m for Washington-based OpSec
Apr 27 2011 | Business News
Wearside anti-counterfeiting technology specialist OpSec Security Group has agreed a £28m takeover offer from US company Orca Holdings. Read
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Bank holidays could pose problems for employers
Apr 27 2011 | Business News
THE flurry of bank holidays this year may be excellent news for employees, but they could pose difficult problems for employers. Read
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James turns hobby to business
Apr 27 2011 | Business News
JAMES Hopper from Marton is the latest entrepreneur to join the Evening Gazette’s 2011 If We Can, You Can Challenge by entering his PR, marketing and events business TeesMedia. Read
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Heads up on the £1.4bn Regional Growth Fund
Apr 27 2011 | Business News
BUSINESSES are being invited to attend a series of briefings to give them a head start in applications for the second round of a billion pound pot of Government funding. Read
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Social Store in Yarm heads for £500,000
Apr 27 2011 | Business News
A LOCAL retail store is celebrating after smashing its monthly sales targets in its first few months of trading. Read
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Koodoo Creative launching Fancy a Brew event
Apr 27 2011 | Business News
A STOCKTON creative design agency is hoping to help businesses in the region develop and grow with the launch of a new event. Read
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Beamish Hall owners extend their activity centre
Apr 27 2011 | Business News
THE family owners of country house hotel Beamish Hall have extended their activity centre in the latest phase of a £7m redevelopment. Read
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Apprenticeship campaign most successful in UK
Apr 27 2011 | Business News
THE Journal has helped to boost the job prospects of young people in the North East with our campaign to encourage the recruitment of apprenticeships which has now beaten its original target of creating 100 apprentices in 100 days by nearly tenfold. Read
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Funding chance for North East small firms
Apr 27 2011 | Business News
SMALL businesses in rural areas of the North East can bid for a slice of a new £100,000 fund. Read
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Companies set to benefit from Hitachi train factory
Apr 27 2011 | Business News
HUNDREDS of companies are to find out how they could benefit from the opening of the new Hitachi train factory in County Durham. Read
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Slowdown of industry may bring price rises
Apr 27 2011 | Business News
FURTHER signs of a "worrying" slowdown in the manufacturing sector have emerged amid warnings that fresh price hikes are on their way to consumers. Read
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Ford sees huge rise in first-quarter profits
Apr 27 2011 | Business News
FORD has unveiled its strongest first quarter profits for 13 years, driven by growing demand for more fuel-efficient cars. Read
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Campaign to takeover Northern Rock steps up a gear
Apr 27 2011 | Business News
COVENTRY Building Society is understood to be stepping up its campaign to take over Northern Rock plc. Read
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Building sale secures Aone Business Centre's future
Apr 27 2011 | Business News
A GATESHEAD business centre which provides serviced office space for small businesses has secured its future by buying the premises. Read
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Unusual property deal on the cards for Grainger
Apr 27 2011 | Business News
PROPERTY group Grainger looks set to seal an unusual deal with Lloyds Banking Group which could see the Newcastle-based plc spruce up homes held by housing groups in administration. Read
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North East businesses given the opportunity to grow
Apr 27 2011 | Business News
BUSINESSES in the region are being given the opportunity to grow in a new scheme, which allows access to experienced individuals who can work with them to deal with specific issues. Read
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Confidence grows as deals come through
Apr 27 2011 | Business News
THERE are signs of recovery in the mergers and acquisitions market in the North East. Paul Mankin corporate finance partner at PwC, takes a look at the first quarter of 2011. Read
