Jun
2008
Articles from 17th Jun 2008
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Housebuilders stage recovery on hints of bail-out
Jun 17 2008 | Other UK business news
The UK’s major housebuilders began a stock market fightback on Monday amid speculation of a City bail-out for the battered sector. Read
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'Worst of all worlds' HIPS have failed housebuyers, review finds
Jun 17 2008 | Other UK business news
The Government’s controversial Home Information Packs have failed to improve the home-buying process and should no longer be compulsory, a review has found. Read
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WMG to continue pioneering efforts with new Indian deals
Jun 17 2008 | Other UK business news
Warwick Manufacturing Group (WMG) is to strengthen its work on climate change, high-tech manufacturing and global healthcare by concluding a new agreement with the Confederation of Indian Industry. Read
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Coventry’s success could see increase in civil service jobs
Jun 17 2008 | Other UK business news
More civil service jobs could be on their way to Coventry – according to one of the men responsible for relocating Government bodies and departments. Read
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Woolwich joins rush to cut rates offers while raising prices
Jun 17 2008 | Other UK business news
The Woolwich has withdrawn two of its products as it became the latest lender to raise its mortgage rates. Read
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Park sees recovery in savings demand
Jun 17 2008 | Other UK business news
Voucher and savings club Park has reported a sharp drop in annual profits, but said orders for this Christmas were up 17 per cent amid signs the industry is on the mend following the high-profile collapse of rival Farepak. Read
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Success as JCB loads up another Queen’s Award
Jun 17 2008 | Other UK business news
Staffordshire excavator manufacturer JCB has been presented with the latest in a long list of awards denoting the success of its iconic machines. Read
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Carillion banks £36 million from PPP investments
Jun 17 2008 | Other UK business news
Midlands engineering and construction giant Carillion has sold its stake in four public private partnership (PPP) projects. Read
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Rates cut a flash in the pan as Nationwide backtracks
Jun 17 2008 | Other UK business news
Nationwide, Britain’s second largest mortgage lender, is raising the cost of some of its mortgages by up to half a percentage point – just a month after it cut rates to lure in new customers. Read
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Instore shares jump 66pc amid takeover interest
Jun 17 2008 | Other UK business news
Poundstretcher owner Instore has admitted it received a takeover approach, causing its shares to jump by two-thirds. Read
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Rail freight terminal re-opens at Donnington
Jun 17 2008 | Other UK business news
A £7.75 million funding package to re-open an abandoned railway track and create a rail freight terminal in Telford has been completed following funding by regional development agency Advantage West Midlands. Read
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Triple blow sees Gala call time on Birmingham bingo hall
Jun 17 2008 | Other UK business news
A Birmingham bingo hall is set to close next week, hit by a triple blow from the smoking ban, increased taxation and new gambling laws banning big jackpot machines. Read
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No rest for sofa firms desperate for extra credit as sales slump
Jun 17 2008 | Other UK business news
Struggling furniture retailers ScS Upholstery and Land of Leather have both said they are looking to raise new capital as part of moves to reassure investors. Read
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Size of Barclays rights issue proves enough for investors
Jun 17 2008 | Other UK business news
Shares in Barclays made strong gains on Monday after the country’s third biggest bank confirmed it planned to sell billions of pounds-worth of new shares. Read
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Whitbread upbeat despite consumer pressure
Jun 17 2008 | Other UK business news
Whitbread has reassured over its "resilience" in the consumer downturn after the leisure group posted a 7.1 per cent rise in first quarter comparable sales. Read
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Focus Solutions announces profit hike
Jun 17 2008 | Other UK business news
Shares in Leamington Spa-based Focus Solutions have soared following its announcement of a hike in pretax profits. Read
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Wincanton reverses out of deal for rival TDG
Jun 17 2008 | Other UK business news
Transport firm Wincanton yesterday withdrew its offer for rival TDG after admitting a deal was “not in the best interests of shareholders”. Read
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Developers missing out on tax relief
Jun 17 2008 | Other UK business news
Developers could be losing out on significant levels of tax relief thanks to a hat-trick of missed opportunities, according to Jamie Rogers, partner at cost and construction consultants Rider Levett Bucknall. Read
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Most workers receiving below-inflation pay rises
Jun 17 2008 | Other UK business news
The majority of UK workers are receiving pay rises below the rate of inflation, according to research from Industrial Relations Services. Read
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Ryanair to launch nine new routes from Birmingham
Jun 17 2008 | Other UK business news
Low fares airline Ryanair has said it will be launching nine new routes from Birmingham International Airport, where it has embarked on a major expansion programme, Europe’s largest low fares airline, today (17 June) started its twenty-fifth base in Birmingham. Read
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Tricorn Group says outlook is positive
Jun 17 2008 | Other UK business news
Malvern-based Tricorn Group yesterday posted a steep hike in revenues and said the outlook for the group was “encouraging”. Read
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Surge in cost of living will give King lots to write about
Jun 17 2008 | Other UK business news
Today's letter exchange between Bank of England governor Mervyn King and Chancellor Alistair Darling is expected to mark the start of an extended correspondence as the cost of living surges. Read
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Whitbread reassures with a rise in sales
Jun 17 2008 | Other UK business news
Whitbread has reassured over its “resilience” in the consumer downturn after the leisure group posted a 7.1 per cent rise in first quarter comparable sales. Read
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EG Solutions says trading positive
Jun 17 2008 | Other UK business news
Staffordshire-based IT software and services company eg solutions said trading in the current financial year has been positive and that it generated first half sales of £2.2 million, in line with market expectations. Read
