Latest Business News for 10 November 2009

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AWM shock as Ericsson leave Coventry Nov 10 2009

About 700 jobs are under threat after telecommunications giant Ericsson said it plans to close its Coventry R&D site – just six months after it opened.Read

House prices on the rise again Nov 10 2009

House prices rose for the sixth month in a row during September, jumping by 1.2 per cent, according to Government figures.Read

Drivers Jonas defy property downturn Nov 10 2009

Property consultants Drivers Jonas have defied the current economic conditions by posting a pretax profit of £21.2m in the year to May 31.Read

Staffordshire plant to be hit by 300 job cuts at Fox's Biscuits Nov 10 2009

Workers at a Staffordshire factory are waiting to hear if they will keep their jobs after Fox’s Biscuits announced it would be cutting 300 staff.Read

MP Khalid Mahmood fights to save Cadbury jobs Nov 10 2009

Perry Barr MP Khalid Mahmood is to protest to Chancellor Alistair Darling over RBS backing for the Kraft takeover of Cadbury after warning of inevitable job losses in Birmingham.Read

Long time advisor takes over leading IM Properties Nov 10 2009

The managing director of one of the region’s leading property firms is to step down just months after negotiating a £33 million refinancing agreement to secure its funding commitments.Read

More job cuts at Lloyds Nov 10 2009

Lloyds Banking Group is to axe thousands of jobs next year in a fresh wave of cuts under plans to reduce costs.Read

700 jobs under threat as Ericsson site closes in Coventry Nov 10 2009

About 700 jobs are under threat after telecommunications giant Ericsson announced plans to close its research and development site in Coventry,Read

Middle classes fuel shoplifting spree Nov 10 2009

Shoplifting was fuelled by the recession and surged to record levels in the UK this year, according to a new study.Read

Barclays double profits Nov 10 2009

Barclays said today that it had delivered third-quarter profits of £1.56 billion after another strong performance from its investment banking business.Read

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