UK Business News

UK car dealer Pendragon is urging the government to continue with the car scrappage scheme, once the current commitment of £300million has been exhausted.
The scheme has rejuvenated the new car market with figures for July, the first full month of operation, showing a year on year rise for the first time in 2009.
Trevor Finn, CEO [...]

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Figures released today show that over half of the money put aside by the government to support it’s car scrappage scheme has already been used, 155,000 motorists have now taken advantage of the scheme that offers a £2,000 discount part funded by both the government and the manufacturer.
The government have made £300million available for the [...]

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There are signs that the government initiative introduced to boost new car sales in the UK is having some effect on the new car market, the latest report from the Society of Motor Manufacturers and Traders (SMMT) says that sales rose by 2.4% in July, the first annual increase in fifteen months.
Although there are no [...]

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The UK governments failure to support workers involved in the ’sit in’ at the Vestas wind turbine company in Newport on the Isle of Wight has ended with the factory bosses  winning a possession order against the remaining eleven workers still on site, involved in the protest.
The decision was greeted with boos and jeers by [...]

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The sharp decline in the price of crude oil since the middle of 2008 has been blamed for a huge fall in profits from both Royal Dutch Shell and rival Exxon Mobil.
Reported profits for the period April to June 2009 showed profits at Shell had fallen 70% from the same period a year earlier at [...]

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