Nearly 150,000 homeowners who have taken out mortgages since the start of last year are now in negative equity, new research indicated today.
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Marks & Spencer’s annual meeting will be the highlight of the corporate week, but the bad news from the housing sector is set to continue with updates from Barratt Developments and Persimmon.
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The offshore oil industry is still not paying enough attention to safety, two decades after the Piper Alpha disaster which killed 167 workers, a union claims.
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STRONG online sales at John Lewis are providing a bright spot in an otherwise gloomy picture for the retailer, which is seen as a bellwether of middle-class spending.
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ONE of Merseyside’s biggest estate agency chains Venmore says peoples’ inability to get mortgages because of the credit crunch means the lettings market is booming.
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ONE of the best-known names in Liverpool’s commercial property market – Irving Rice – is disappearing for good after the firm was acquired by rival CB Richard Ellis.
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Liverpool’s biggest airline Ryanair says it carried 5.17m passengers last month, 19% up on last year.
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FOREIGN investment into Merseyside and Cheshire helped create or safeguard more than 6,000 jobs in the last year – but that amount will slow this year as the credit crunch bites.
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A NEW study reveals that 40% of small businesses in the North West are already passing on increased fuel costs to their customers.
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ECHO Outdoor, Trinity Mirror’s outdoor advertising operation, has expanded its outdoor digital offering with 57” High Definition (HD) advertising screens in Liverpool’s new 42-acre retail complex, Liverpool ONE.
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FINANCIAL problems at housebuilder Taylor Wimpey is raising questions over St Helens’s planned £25m stadium.
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JOHN Lewis’s store in Liverpool One enjoyed a record day more than a month after the £1bn shopping centre opened.
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BRADFORD & Bingley’s major shareholders were today stepping in to salvage the lender’s £400 million funding plan after a US private equity firm walked away from the deal.
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A FIRM that has developed an energy efficient spray-on heating element was yesterday announced as the annual winner of the Merseyside Innovation Awards.
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SWISS banking giant UBS today said it would at best break even in second-quarter results as financial turmoil continues to rock the firm.
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TROUBLED housebuilder Barratt is to close its Chester operation with the loss of 60 jobs.
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LIVERPOOL city centre apartments with a market value of nearly £4m were placed with receivers yesterday as the credit crunch continues to hit the property market.
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SHARES in Cheshire pharmaceutical giant AstraZeneca were given a boost yesterday when the company announced it had won a key legal battle over cheaper unauthorised copies of its drugs.
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LIVERPOOL City Council has hit back at criticism from an organisation representing small businesses that it is not doing enough to help smaller firms.
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A COMPANY specialising in the design, creation and production of pet products has been rescued from administration.
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AN ARCHITECTURAL technology student from a Southport practice has won his second national award in a year.
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WIRRAL PR firm Artemis Media & Public Affairs has appointed a new accountant executive after winning a series of new contracts.
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THE owner of a new gallery that opens tomorrow says she hopes the business will give the region’s creative talent another reason to stay in Liverpool.
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AS A busy web design agency with a number of clients who expect – and deserve – our attention, the question of allocating time to create designs to win a pitch is a testing one.
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GREENE King revealed the current pressure on the brewing and pub industry today after sales fell nearly 3% in May and June.
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TAYLOR Nelson Sofres today fended off a third attempt from advertising and media giant WPP to muscle in on its planned £1.5 billion merger with German rival GfK.
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STOCK markets were expected to come under more pressure today after oil prices surged to a new record above 145 US dollars a barrel.
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PROPERTY developer City Lofts has put its residential investment portfolio in the hands of the receiver.
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Water regulator Ofwat is fining Severn Trent Water a total of £35.8m for deliberately providing false information and poor customer service.
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Affordability of new homes will not ease despite possible falls of up to 15% in house prices over the next two years, new research shows.
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International air freight traffic is being hit by sky high oil prices, new figures indicated.
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EMBATTLED housebuilder Taylor Wimpey today confirmed it was axing 900 jobs to help cope with a “significant downturn” in business.
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RETAIL giant Marks & Spencer today reported worsening sales as consumer confidence “deteriorated markedly” in the first three months of its financial year.
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WATER regulator Ofwat confirmed today that it was fining Severn Trent Water a total of £35.8 million for deliberately providing false information and poor customer service.
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"THERE'S always a problem with Matalan somewhere in the business and there's always an excuse."
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LIVERPOOL John Lennon Airport is joining forces with other airports in the North of England to push the Government to rethink plans to hit the airline sector for £500m in extra taxes.
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THREE businesses will be hoping to win £10,000 tomorrow at the final of the Merseyside Innovation Awards.
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Business reporter Alistair Houghton looks at the airline industry's debate over Air Passenger Duty
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THE volatile performance of the FTSE-100 has been carried into the second half of 2008 as the rising price of oil continues to add to market jitters.
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The decision by the Minsitry of Defence to place a £180m contract with Northwestern Shiprepairers and Shipbuilders is a landmark for the local industry.
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A simplistic approach doesn’t cut it anymore. As consumers’ media consumption habits change, marketers must invest in a multichannel approach to engaging with them in order to ensure their own brands survival.
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INTERNATIONAL Coaching Academy and its Master Coaches (Business2) have a new and revolutionary service to offer to SMEs.
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VICKI Hulse has worked in the Sales and Marketing Industry for 12 years and joined B&M Waste Service a year ago as a Marketing Manager. Vicki has been based in the North West and Greater Manchester, holding various managerial positions within different industries.
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HOW would you like to take your first steps towards learning to fly? We have teamed up with the Helicentre in Liverpool to offer one lucky Business Club member a one-hour flying lesson in a helicopter.
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THE Liverpool Daily Post’s Regional Business Awards 2008 are designed to recognise the achievements of Merseyside’s most successful businesses and entrepreneurs.
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Rensburg Sheppards Investment Management - stock market communication
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WORKING in partnership with businesses across the city, we are able to offer all LDP Business Club members the following discounted rates for ‘exclusive’ services.
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The latest Merseyside and North Wales Business Prospect, published by the Liverpool Research Group in Macroeconomics, is out this week. Editors Patrick Minford and Peter Stoney review the outlook for the national and local economy
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THE manager of Liverpool’s Crowne Plaza Hotel has been appointed chair of the Liverpool Hoteliers Association a second time.
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FUND manager and developer Property First Asset Management has completed the purchase of land in south Liverpool in a deal that will allow it to create a £30m business park.
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Barry Turnbull survives gridlock to keep an appointment with transport group Suttons’ managing director Andrew Palmer
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TRANSPORT group Stobart has rescued 1,300 jobs by buying a chilled foods distributor out of administration.
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CHEMICAL distillation company Albion Distillation Services has been acquired by Veolia Environmental Services.
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THE chairman of one of Liverpool’s oldest companies, Edward Billington and Son, will be on this weekend’s LDP Business Week radio show to talk about the firm’s 150 years in business.
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GAMING company Sportech says it is ahead of schedule with the integration of Vernons Pools into its football pools business.
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LAND in Speke with consent for a hotel, restaurant and offices is on offer at £1.5m.
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LIVERPOOL-based social housing organisation The Riverside Group has taken over whole ownership of Wave Homes following its partner Avebury going into administration.
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CB Richard Ellis has been appointed as managing and letting agent for the Investment Centre in south Sefton.
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WORK has started on an £8m hotel to be located within a Warrington business park.
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A COMPANY providing consultancy and sales services for football clubs and sponsors in Europe, South America and Asia is the latest tenant to sign up for space at Yorkshire House in Liverpool city centre.
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MERSEYSIDE-based Spencer Holdings celebrated the launch of its newly refurbished Nexus industrial estate in Knowsley last week.
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UK COMMERCIAL property values in the prime and secondary markets have dropped by an estimated 10% and almost 14% respectively over the past 12 months.
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THE computer generated imagery (CGi) that allows cinema goers to witness sabre-tooth tigers terrifying unsuspecting cavemen and huge robots slugging it out in movies like Transformers is becoming increasingly useful in the world of commercial property development.
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MARK Rathbone is a partner in the corporate team at law firm Brabners Chaffe Street, based in Horton House, Exchange Flags, Liverpool.
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A CORPORATE training course with a difference is being offered by business trainers Paula Harrington and Bryan Adams.
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A LIVERPOOL entrepreneur has launched a smoothie and health drink outlet in the city’s Metquarter.
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A BIRKENHEAD shipyard is in line to build parts of Britain’s next generation of aircraft carriers.
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DISCOUNT retailer Matalan is planning to invest millions of pounds in its stores despite the tough retail climate, after seeing profits rise almost 90%.
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MERSEYSIDE companies are being encouraged to correct the area’s under-representation in the Queen’s Awards.
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AIRBUS has delivered a fifth A380 superjumbo to Singapore Airlines which will use the jet for its flights to Heathrow.
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AROUND 1,300 jobs have been safeguarded at a chilled goods distributor after the firm was bought out of administration by haulage giant Stobart Group, it was announced today.
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ELLESMERE Port’s Surface Transforms shares rose by one-third yesterday after it announced a deal that could be worth £1.6m.
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POWER station operator Drax yesterday said soaring commodity prices would see full-year results come in ahead of market expectations.
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DAILY Post publisher Trinity Mirror says the group is making progress towards its objective of building a multi-platform media business, despite lowering its profits forecast for the year.
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MUSIC and games retailer HMV today pledged to increase the roll-out of its “next generation” stores as the turnaround of the group gathers momentum.
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FLOOR and carpets chain Carpetright reported a 7.6% rise in annual profits today, but its founder Lord Harris warned this year would be “one of the most difficult” in his career.
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The cost of oil today stands at a new record near 144 US dollars a barrel as oil company bosses gather in Madrid to discuss rocketing prices.
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Telecoms group Cable & Wireless is today tabling a £329m takeover bid for Thus but is receiving a lukewarm response from its smaller rival.
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Power station operator Drax today says soaring commodity prices will see full-year results come in ahead of market expectations.
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DISABLED entrepreneurs represent an untapped source of innovation and productivity which could benefit the region by £339m, according to new research commissioned by the Northwest Development Agency.
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MUSIC impresario Pete Waterman will be speaking at the Liverpool Daily Post Regional Business Awards next month.
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