Jun
2008
Articles from 24th Jun 2008
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Post Business Award winner Lorien is going global
Jun 24 2008 | Other UK business news
The winner of this month’s Birmingham Post Business Award is looking to overseas markets. Lorien Engineering Solutions is winning business in Belgium, Holland and Russia and tendering for contracts in China and Africa. Read
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Bradford & Bingley rejects cash injection by Resolution
Jun 24 2008 | Other UK business news
Bradford & Bingley has rejected a propsed £400 million capital injection, adding that it could not recommend theproposal to shareholders in its current form. Read
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HBOS short-sellers forced to ’fess up
Jun 24 2008 | Other UK business news
The investors betting on stock market pain for Halifax Bank of Scotland came out of the shadows on as the lender’s £4 billion cash-call came under more pressure. Read
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Largest US bank Citigroup set to sack 6,500 workers
Jun 24 2008 | Other UK business news
Citigroup is set to slash 6,500 jobs in investment banking, it has emerged. Read
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UK mortgage approvals dive to record low in May
Jun 24 2008 | Other UK business news
British mortgage approvals fell at their sharpest annual pace in at least a decade to hit a record low in May, a survey has shown, raising fears the housing market slowdown could turn into a crash. Read
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Debenhams shares hit record low
Jun 24 2008 | Other UK business news
Department store chain Debenhams has seen shares hit a record lowamid fresh City fears over the group's financial health in a tougher retail climate. Read
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Insurers fear cutbacks will cost them £1.5bn
Jun 24 2008 | Other UK business news
Cut backs in consumer spending could cost the insurance industry up to £1.5 billion, according to new data from accountants Deloitte. Read
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Belt tightening sees eBay selling firm flourish
Jun 24 2008 | Other UK business news
Business is booming for a Birmingham company which helps people sell unwanted possessions on eBay as middle class sellers raid their attics to raise cash. Read
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West Midlands firms change approach to lenders
Jun 24 2008 | Other UK business news
West Midlands businesses may need to take steps to manage lender relationships more effectively to secure a safe and profitable path through the economic downturn, according to experts at Pricewaterhouse Coopers. Read
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Mining market leaves Weir Group all set to be in clover
Jun 24 2008 | Other UK business news
Engineering firm Weir Group said it expected profit to be at the upper end of market estimates this year, helped by a strong global mining market. Read
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Hawkish comments over rates rises
Jun 24 2008 | Other UK business news
Britain must ensure inflation does not feed into wages, but a slowing economy should help cool price pressures, Bank of England policy hawk Andrew Sentance has said. Read
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Women Who garden party date
Jun 24 2008 | Other UK business news
Businesswomen in the West Midlands will be combining business with pleasure at one of the main diary dates of the year on July 8. Read
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Christie Group bracing itself for trading figures hit
Jun 24 2008 | Other UK business news
Business services and software company Christie Group has warned that harsher trading conditions and steps to cut costs will significantly reduce its trading profit for the year. Read
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PPI comparison tables will help consumers
Jun 24 2008 | Other UK business news
The City watchdog has launched comparison tables to help consumers shop around for controversial Payment Protection Insurance. Read
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ScS suspends trading in its 6.5p shares
Jun 24 2008 | Other UK business news
Shares in furniture retailer ScS Upholstery were suspended on Monday as the troubled company tried to thrash out a rescue deal. Read
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Thomas Cook losses narrow
Jun 24 2008 | Other UK business news
Thomas Cook has announced a 15 per cent narrowing of its first half losses and reaffirmed full-year targets and that chief financial officer Ludger Heuberg is standing down for personal reasons. Read
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Knowledge is key says Aston Martin boss Richards
Jun 24 2008 | Other UK business news
Knowledge is the key to the West Midlands’ future role in the automotive industry, according to Aston Martin boss David Richards. Read
