NBS breaks even
Newcastle Building Society has edged back into the black, having recovered from pre-tax losses of £35.7m in 2008 to a £100,000 pre-tax profit last year.
However, after tax, the firm’s profit falls to zero, meaning the mutual has broken even for last year’s trading.
Impairment losses on customer lending were reduced to £8m, down from £12.1m in 2008.
11.Mar.10 | Business
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New suitors see bright future for Perfiliate
The new international owners of North East online marketing firm Perfiliate have vowed to grow the company – and its 70-strong workforce – from its Newcastle headquarters. Last week we brought…
11.Mar.10 | Business
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Tanfield bid promises jobs and investment
New jobs and more investment into the region’s clean technology sector will be secured if a £37m bid for part of electric vehicles giant Tanfield is accepted. That is according to…
11.Mar.10 | Business
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Director departs as BNS sold
The founder of one of the region’s largest telecoms companies yesterday said the firm is in good hands, following its £10.5m sale and his official departure from the company. Telecoms group…
11.Mar.10 | Business
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Rock defends pay-outs
The chief executive of Northern Rock was buoyant about the bank’s future yesterday as he defended its policy to reward staff with bonuses of up to £3,000. The bonuses will affect…
11.Mar.10 | Business
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Business Comment: Stay ahead of the game
Talking Business with Chris Lee, managing director of CCS As a company, we sold our first mobile phone over 20 years ago. I almost hesitate to use the word ‘mobile’ now,…
11.Mar.10 | Business
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Barratt rumours lift shares
Shares in North East housing giant Barratt Developments soared on Wednesday amid City rumours that it could be set for a takeover bid. The firm, which started life in Newcastle in…
11.Mar.10 | Business
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Hargreaves confirms merger talks
Industrial group Hargreaves Services has confirmed that it is in early discussions with UK Coal plc over a potential merger. The company, based in Esh Winning, County Durham, said, as part…
10.Mar.10 | Business
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Bonuses for staff as Rock reduces losses
Northern Rock today said it had reduced its annual losses from £1.3bn to £383m and remains well placed to continue its recovery in 2010. The company, now known as Northern Rock…
10.Mar.10 | Business
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From the factory floor to the catwalk
A former factory worker who left the production line last year to launch his own record label is now planning to enter the fickle world of fashion. Gateshead’s Andy Bloomfield left…
10.Mar.10 | Business
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Action needed to close gender gap
As a major report exposes a dearth of women in the boardroom, North East businesses have been warned there is still a long way to go before the gender gap…
10.Mar.10 | Business
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Setting sail across the pond
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Top tips on winning Olympic work
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New investment brings new jobs
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Jobs created as Osborne expands
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Norway draws blank as region misses out
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Business Comment: Stay ahead of the game
Talking Business with Chris Lee, managing director of CCS
As a company, we sold our first mobile phone over 20 years ago. I almost hesitate to use the word ‘mobile’ now, as the phone was the size of a brick and the batteries had to be carried around in a small suitcase. In the intervening years, however, mobile technology has changed almost unrecognisably from back then and continues to do so at quite a pace – helping to provide businesses with new ways of working.
11.Mar.10 | Business
