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neotherbusiness is a business blog where you can share views and opinions about business news and developments in Newcastle and the North-East.

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Andrew Hebden


Andrew Hebden

BAA break-up makes sense

Posted by Andrew Hebden on August 20, 2008 10:07 AM

The Competition Commission's decision that BAA will likely have to sell off three of its UK airports is the only logical outcome of this long overdue inquiry.

Continue reading "BAA break-up makes sense" »


Andrew Hebden

Exports offer hope as King avoids R word

Posted by Andrew Hebden on August 13, 2008 3:29 PM

"Don't mention the R word" was probably the edict from Downing Street as Bank of England Governor Mervyn King prepared to unleash his much-anticipated quarterly report on the state of the economy.And, for what it's worth, he didn't.

Continue reading "Exports offer hope as King avoids R word" »


Andrew Hebden

Mixed sentiments as 800 told to go by Rock

Posted by Andrew Hebden on July 30, 2008 5:57 PM

The news that 800 compulsory redundancies are to be confirmed at Northern Rock cannot, in any sense, be regarded as welcome. Ever since the scale of this crisis first emerged, the prospect of a major jobs cull has been on the cards - but that doesn't make it any easier when the worst is confirmed.

Continue reading "Mixed sentiments as 800 told to go by Rock" »


Andrew Hebden

New man at the Rock

Posted by Andrew Hebden on July 23, 2008 1:59 PM

It can't have been the easiest recruitment job in the world, but Northern Rock chairman Ron Sandler got his man today when he named Barclays director Gary Hoffman as the bank's new chief executive.

Continue reading "New man at the Rock" »


Andrew Hebden

Great to hail so many success stories

Posted by Andrew Hebden on July 16, 2008 10:50 AM

So it's hats off to Nissan for being named the North East's number one business at the Top 250 launch this morning.

Continue reading "Great to hail so many success stories" »


Andrew Hebden

Legacy of crisis will be fewer banks in High Street

Posted by Andrew Hebden on July 14, 2008 2:50 PM

The emergence today of a £1.26bn offer from Spanish banking giant Santander for high street rival Alliance & Leicester is the latest significant development in the troubled sector.
The deal seems to make sense for all parties - certainly for A&L and its shareholders who must have felt vulnerable in the current climate. A&L is far from the car wreck that Bradford & Bingley has proved to be over recent weeks, but even so its shareholders were probably watching events there unfold from behind the sofa.

Continue reading "Legacy of crisis will be fewer banks in High Street" »


Andrew Hebden

ScS saved - but Journal's North 40 is shrinking!

Posted by Andrew Hebden on July 3, 2008 3:29 PM

It is great news that a deal has been thrashed out today to secure the immediate future of Sunderland sofa retailer ScS.
The deal - full details of which you can read in Friday's nebusiness section of The Journal - will see investment group Sun European Partners acquire the retail business for an undisclosed sum. It should hopefully secure the futures of most of the company's 1,300-strong workforce.

Continue reading "ScS saved - but Journal's North 40 is shrinking!" »


Andrew Hebden

This is not just any economic downturn...

Posted by Andrew Hebden on July 2, 2008 10:55 AM

Just when you thought things couldn't get any worse... Marks & Spencer this morning added to the woes of the Stock Market by delivering a profit warning.
The high street retailer's unexpected announcement only reaffirms that the current economic situation is dire to say the least - and things aren't going to get much better any time soon. As executive chairman Sir Stuart Rose put it: "This is more of a two-year problem than a two-month one".

Continue reading "This is not just any economic downturn..." »


Andrew Hebden

Will $140-a-barrel oil turn us all green?

Posted by Andrew Hebden on June 27, 2008 5:12 PM

It's barely six months since I was running the newsdesk at a newspaper in Aberdeen and each day we were excitedly tracking the cost of a barrel of oil to see if (or more like when) it would breach the $100 mark.
At the time is seemed a very significant milestone - especially for a business community whose fortunes are so tightly connected with the price of oil - but now it seems like a lifetime ago.

Continue reading "Will $140-a-barrel oil turn us all green?" »


Andrew Hebden

Now ILVA pays the price

Posted by Andrew Hebden on June 25, 2008 5:51 PM

Despite being intrigued by its quirky brand name and high-profile advertising campaign, I haven't yet found the time to make a trip to ILVA since I moved to the North East.
And today it transpires that I'm not the only one.

Continue reading "Now ILVA pays the price" »


Andrew Hebden

Gieve gives little away

Posted by Andrew Hebden on June 20, 2008 3:34 PM

Was he pushed or did he jump?

That was the topic of conversation in the wake of Sir John Gieve's address to the North East Chamber of Commerce Durham and Tees Valley annual dinner in Sedgefield on Thursday night.

Continue reading "Gieve gives little away" »


Andrew Hebden

Gieve announces quit plan as he heads to North East

Posted by Andrew Hebden on June 19, 2008 10:24 AM

There will be extra interest in what Bank of England Deputy Governor Sir John Gieve has to say to members of the North East Chamber of Commerce tonight after he announced shock plans to stand down early.

Sir John, who has been criticised recently for his part in the handling of the Northern Rock debacle, is due to speak at the NECC Durham Tees Valley dinner at Hardwick Hall, Sedgefield, tonight (Thursday).

Continue reading "Gieve announces quit plan as he heads to North East" »