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Business News


New alliance will benefit region’s biofuels industry
12:30pm today
A NEW partnership has been formed to help the North-East's biofuels industry become an international hub for the sector and achieve its goal of being worth £1bn to the regional economy by 2027.

Bank of England dashes hope of interest rate cut
12:43pm today
HOPES for a cut in interest rates were dashed yesterday after the Bank of England kept the rate at five per cent.

CBI chief’s warning over industry prohibitive tax
12:42pm today
THE Director-General of the CBI said the Government must not put prohibitive taxes on industry if sites such as Wilton on Teesside are to continue flourishing.

Reflex action sees company open new site
12:45pm today
A NORTH-East vehicle hire company has opened a site in the region.

Best Buy acquires stake in Carphone Warehouse
12:40pm today
CARPHONE Warehouse yesterday announced plans to create a European consumer electronics empire after striking a £1.1bn deal with US group Best Buy.

Businesses to get free use of Government databaseBusinesses to get free use of Government database
8:49am Thu 8 May 08
SMALL and medium-sized businesses in the North-East are to be given free access to a Government database of public sector contract opportunities, giving them scope to bid for more local authority work.

Ex-director denies being rude at meeting
8:51am Thursday 8th May 2008
A FORMER Tees Valley Regeneration (TVR) director has denied being "rude" or "unprofessional"

Tool hire firm is bought from administrators
8:48am Thursday 8th May 2008
A NORTH-East tool hire firm has been bought from administration, but the majority of its branches will be closed.

Hotel will open in November
8:52am Thursday 8th May 2008
A NEW multi-million pound hotel will open in Durham City on November 1 The Radisson SAS will have 209 guest rooms, a large restaurant, a bar, a leisure club with gym, swimming pool and treatment rooms, plus a meeting and events space.

Fifty jobs to go at clothing company
2:11pm Wednesday 7th May 2008
FIFTY people are expected to be made redundant after a North- East clothing company announced it is to close its headquarters.

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