Oct
2008
Articles from 13th Oct 2008
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Qinetiq purchases leading software service firm
Oct 13 2008 | Other UK business news
Malvern-based defence and security technology group QinetiQ (QQ.) has acquired Commerce Decisions, a market-leading provider of tender assessment and management software, in a deal worth almost £10 million. Read
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New chief silent over West Bromwich Building Society plans
Oct 13 2008 | Other UK business news
The new boss of the West Bromwich Building Society has remained tight-lipped over plans for the 159-year-old mutual following the shock departure of chief executive Stephen Karle. Read
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UK lends £100m to Iceland bank to help payouts
Oct 13 2008 | Other UK business news
The Bank of England is providing a loan of £100 million to Icelandic bank, Landsbanki, to help maximise payouts to UK creditors. Read
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BA Aerospace drops its outlook for 2010
Oct 13 2008 | Other UK business news
BE Aerospace, the world’s biggest supplier of plane seats, sparked concerns in the sector when it announced it was cutting outlook for 2010 as a result of the weakened economy. Read
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Factory gate inflation falls for second month
Oct 13 2008 | Other UK business news
British factory gate inflation fell for a second consecutive month in September, suggesting price pressures at the start of the inflation pipeline are beginning to ease. Read
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Group to push Birmingham as a centre for Islamic banking
Oct 13 2008 | Other UK business news
Birmingham’s growing reputation as a centre for Islamic finance is set to receive a boost when a delegation from the city attends the sector’s major event in Bahrain. Read
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Barclays loan finances Co-op purchase of Somerfield
Oct 13 2008 | Other UK business news
The Birmingham office of Barclays Commercial Bank has defied the banking gloom by announcing the completion of the first stage of its largest contract. Read
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Knight Frank closes Birmingham hotels division
Oct 13 2008 | Other UK business news
The head of one of Birmingham’s highest profile property companies has explained why its regional hotel arm has been merged into its London operation. Read
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Graduates return to Warwick Business School for careers advice
Oct 13 2008 | Other UK business news
A West Midlands business school is giving emergency credit crunch careers advice to alumni hit by the global financial crisis. Read
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New banks rescue package settles stormy financial markets
Oct 13 2008 | Other UK business news
Further bank rescue packages unveiled by Britain and Europe helped stabilise the financial world. Read
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Bank bosses to miss out on pay and bonuses
Oct 13 2008 | Other UK business news
Bosses at banks bailed out by the Government will forgo millions of pounds in pay and bonuses this year, as the City watchdog also issued a warning that the days of fat cat handouts are numbered. Read
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Nationwide raises its mortgage tracker rate
Oct 13 2008 | Other UK business news
Britain's biggest building society has announced it is hiking its tracker rates for new borrowers despite last week's interest rate cut. Read
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Banks still failing to loosen up despite Treasury aid
Oct 13 2008 | Other UK business news
The fresh billions thrown at the financial system by the Treasury and Bank of England showed few signs of thawing frozen money markets. Read
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Fred Goodwin pays price of RBS bail-out
Oct 13 2008 | Other UK business news
Royal Bank of Scotland boss Sir Fred Goodwin has paid the price for the biggest banking bail-out the UK has ever seen. Read
