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Innovation backer gets £50m boost
Tuesday 14 May 2013 5:00
The UK’s innovation agency, the Technology Strategy Board (TSB), has had its annual budget increased by £50m to £440m this year, the government will announce today.
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Tata forced to write off £1bn
Tuesday 14 May 2013 5:00
Tata steel has written off US$1.6bn (£1.04bn) from the value of its assets, raising fears about the future of its UK business.
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Aviva outsources 600 UK jobs to India
Tuesday 14 May 2013 5:00
Insurance group Aviva is to outsource 600 jobs at offices in York, Sheffield and Norwich to India.
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Cable delivers £5.5m regional boost
Monday 13 May 2013 13:00
Business secretary Vince Cable has today announced £5.5m of Regional Growth Fund investment in the region, creating over 700 jobs and safeguarding a further 450.
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Vertu offloads loss-making truck business
Monday 13 May 2013 7:17
Motor dealership group Vertu has offloaded its loss-making heavy truck business, generating around £1.5m for the group.
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Grainger gets new partner ahead of £111m deal
Monday 13 May 2013 7:16
Residential landlord Grainger has created a new joint venture to acquire a portfolio of South London residential property for £111m.
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Nationalisation could hold key to mining group’s future
Monday 13 May 2013 6:00
The future of three North East mines employing around 200 people run by UK Coal could reportedly be secured by a plan to nationalise other parts of the troubled coal business.
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Service sector drives confidence rise
Monday 13 May 2013 6:00
Business confidence in the UK climbed in April on the back of improved optimism levels in the services sector, a survey shows.
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Hargreaves has Scottish coal deal in its sights
Monday 13 May 2013 5:00
Energy services group Hargreaves is closing in on its bid to buy six Scottish coal mines after being named as the preferred bidder for the sites.
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Zytronic profits to plummet amid sluggish trade
Monday 13 May 2013 5:00
Touchscreen manufacturer Zytronic has warned that its slow conversion of orders means results for the year will be “very significantly behind’’ market expectations, with year-to-date profitability more than halved.
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Office demand soars in Newcastle in Q1
Monday 13 May 2013 5:00
Newcastle’s office market performed well in the first three months of this year, according to the latest report.
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Support for air tax action plan
Monday 13 May 2013 5:00
Business leaders in the North East have welcomed a report by MPs calling for the government to look at scrapping or reducing air passenger duty, APD.
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