Sep
2008
Articles from 22nd Sep 2008
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Wolseley warns of more job losses as profits fall
Sep 22 2008 | Other UK business news
Global building supplies group Wolseley, whose UK headquarters is in Leamington Spa, has reported a sharp fall in profits but expects to meet its banking covenants this year. Read
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Short-sellers forced to show their hand
Sep 22 2008 | Other UK business news
Investors seeking to profit from falling share prices in the current turmoil will be forced to reveal their hands when disclosure rules come into force on Tuesday. Read
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Farming minister slams GM food protesters
Sep 22 2008 | Other UK business news
Farming Minister Jeff Rooker has slammed “messianic” opponents of GM food who are robbing British businesses and consumers of the benefits of new technology. Read
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Birmingham business welcomes new banking rules
Sep 22 2008 | Other UK business news
Chancellor Alistair Darling’s move to tighten up banking regulation in the wake of the global financial crisis won a broad welcome from business leaders in the West Midlands. Read
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Gourmet Burger Kitchen boosted by cut-price offers
Sep 22 2008 | Other UK business news
The restaurant group behind Gourmet Burger Kitchen said price-cutting promotions had propped up sales despite a wet summer and tougher trading climate. Read
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Jobs fears at Birmingham Midshires and E.on
Sep 22 2008 | Other UK business news
Uncertainty is hanging over two major employers in the West Midlands as rumours of hefty job cuts continued to circulate. Read
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Qatari royals takes stake in Kaupthing
Sep 22 2008 | Other UK business news
A Middle Eastern sovereign wealth fund has taken a significant stake in banking group Kaupthing. Read
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Banks deposit £5bn in Bank of England
Sep 22 2008 | Other UK business news
The Bank of England said that £5 billion was pumped into its coffers on Friday as some banks took advantage of the cash flooded into money markets last week. Read
