Oct
2008
Articles from 8th Oct 2008
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Government reveals £50bn banks bail-out plan
Oct 08 2008 | Other UK business news
Gordon Brown has announced a £50 billion bank bail-out plan by the Government, saying it should restore "confidence and trust" to the financial system. Read
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Lloyds TSB and Halifax pass on interest rate cut
Oct 08 2008 | Other UK business news
Lloyds TSB announced today that it would be passing on today's unexpected cut in interest rates to mortgage customers in full. The group, which also lends under the Cheltenham & Gloucester brand, said it would be reducing its standard variable rate by 0.5% to 6.5% from November 1. Read
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Bail-out brings relief, but confidence must also return
Oct 08 2008 | Other UK business news
Economics Editor Nevill Boyd Maunsell looks at market events on Wednesday, as the Government took action to save the country from financial meltdown. Read
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NEC casino plan safe from credit crunch
Oct 08 2008 | Other UK business news
The credit crunch will not restrict the development of a £90 million casino and leisure complex at the NEC, the company behind the scheme has said. Read
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Midland buildings in frame for RICS awards
Oct 08 2008 | Other UK business news
Four regional winners of the RICS awards are up against national opposition at the UK awards. Read
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FTSE plunges despite £50bn bail-out
Oct 08 2008 | Other UK business news
The FTSE 100 Index plunged more than five per cent as recession fears took hold despite a £50 billion banking bail-out and a shock interest rate cut. Read
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Midland businesses relieved at interest rates cut
Oct 08 2008 | Other UK business news
Business leaders in the West Midlands unanimously welcomed the emergency half percentage point cut in interest rates although reaction further afield was muted. Read
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Joe Lewis becomes major shareholder in Mitchells & Butlers
Oct 08 2008 | Other UK business news
Billionaire businessman Joe Lewis has emerged as a major shareholder in Birmingham-based Mitchells & Butlers – owner of the Harvester and All Bar One brands. Read
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September passenger numbers rise at Birmingham Airport
Oct 08 2008 | Other UK business news
Birmingham International Airport handled 984,245 passengers during September, an increase of 1.5% over the previous year. Read
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Interest rates cut by 0.5 per cent
Oct 08 2008 | Other UK business news
The Bank of England has announced a surprise emergency 0.5 per cent drop in interest rates. Read
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Banks bail-out - the main points
Oct 08 2008 | Other UK business news
These are the main points of the bank bail-out package announced by Prime Minister Gordon Brown and Chancellor Alistair Darling. Read
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Thorntons see sales boost amid gloom
Oct 08 2008 | Other UK business news
Chocolate maker Thorntons has revealed a 6.4% rise in quarterly sales as consumers continued to buy treats in the economic downturn. Read
