UK Business News

Undiscovered Business Entrepreneurs
Every day in rush hour London, be-suited businessmen disembark from the morning train and ride off to their work destinations on odd looking fold up bicycles.
While the average person may not have considered it, a folding bicycle is an impressive feat of engineering. It needs to be easily collapsible yet maintain alignment to [...]

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Taiwanese firm Kenmark, a flat screen TV manufacturer have promised the provision of around 500 jobs at a factory that it is to be built in Corby in Northamptonshire.
The purpose built factory is expected to be ready by early 2010, while the jobs will be created over the next three years.
The East Midlands Development Agency [...]

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Business secretary Peter Mandelson said that the car scrappage scheme would be extended to cover 100,000 more vehicles, but will still end in February 2010 as per the current agreement.
The £300 million scheme was launched in May and has so far seen 227,750 vehicles scrapped for new car orders, costing the government and the manufacturer [...]

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The deal struck with Canadian car parts manufacturer Magna with General Motors, to buy the European Vauxhall and Opel units, is likely to come at a higher price than anticipated for the companies workers across Europe.
That is all except Germany where  job losses are in line with what was first estimated when Magna made their [...]

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Business secretary Peter Mandelson has called upon the former bosses of carmaker Rover MG to apologise for milking the profits from the business following the news that they took pay and pensions worth £42million, shared by five executives.
The government has said that the former directors known as the ‘Phoenix Four‘ plus chief executive Kevin Howe, [...]

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