News Tag: Lord Peter Mandelson
February 11, 2010
US food giant, Kraft, has confirmed it will close Cadbury’s Somerdale plant near Bristol with the loss of 400 jobs.
Cadbury has a UK workforce of 4,500, including 2,500 at its historic Bournville factory in Birmingham and 400 at its headquarters in Uxbridge.
The move comes after the 186-year-old iconic British confectioner, renowned for Dairy Milk, agreed to a £11.5 ...
Kraft confirms closure of Cadbury Somerdale plant
by Kay Murchie
February 4, 2010
The UK car scrappage scheme has been extended for one month - until the end of March.
The scheme, dubbed cash for bangers, was due to expire at the end of this month (or until funds ran out).
However no extra funds will be provided for the scheme but the Government said the extension would give dealers and manufacturers "more ...
Cash for bangers scheme extended to end of March
by Kay Murchie
February 3, 2010
Business Secretary Lord Peter Mandelson said he was "disappointed" that Kraft could not guarantee that Cadbury's confectionery brands will continue to be managed in the UK.
Mandelson met with Kraft chief executive, Irene Rosenfeld, last night after Cadbury shareholders voted in favour of the £11.5 billion ($18.9 billion) takeover deal from the US food giant.
The vote brought an end ...
Mandelson expresses ‘disappointment’ after meeting with Kraft chief
by Kay Murchie
January 19, 2010
After months of hostile talks, British confectioner Cadbury has finally agreed to an £11.7 billion takeover by US food giant Kraft.
The 186-year-old British company, renowned for Dairy Milk chocolate, is set to advise shareholders to accept the latest bid of 840p a share.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, will pay 840p for each Cadbury ...
Cadbury agrees £11.7bn Kraft takeover
by Kay Murchie
December 2, 2009
The Government has outlined plans for the Post Office to become a ‘people’s bank’ by offering financial products.
The proposals, led by Business Secretary Lord Peter Mandelson, will create a ‘People’s Bank’, which will see Post Office outlets as the backbone of a new national bank.
According to the Government, the plans will turn the Post Office into "a leading player ...
Government unveils financial plans for the Post Office
by Kay Murchie
October 13, 2009
The future of Vauxhall and its 5,500 workers have been safeguarded today after the Unite union announced it has reached a deal with Magna, the Candian car parts firm and proposed new owners of Vauxhall and sister company, Germany-based Opel.
However, in order to protect jobs at both Vauxhall plants (Ellesmere Port and Luton), the union has been ...
Unite reaches deal with Magna to save Vauxhall jobs
by Kay Murchie
September 28, 2009
Business Secretary Lord Peter Mandelson has confirmed this afternoon that the scrappage scheme will be extended to cover an additional 100,000 cars and vans.
The scheme branded 'cash for bangers', which was launched on 18 May, was originally intended to allow 300,000 cars to be traded in.
The £300 million initiative was expected to run until the end of February 2010 but many ...
Government confirms extension of scrappage scheme
by Kay Murchie
July 20, 2009
The UK’s ailing car industry has received a boost today with the news that Nissan will create 350 new jobs at its plant in Sunderland, while safeguarding hundreds more in the related supply chain.
The new jobs come as part of a £200 million investment, spread over five years, to produce batteries for electric cars.
Prime Minister Gordon Brown said: ...
Nissan announces plans to create 350 new jobs
by Kay Murchie
May 31, 2009
Many reports over the weekend have speculated that General Motors (GM) is expected to file for Chapter 11 bankruptcy tomorrow.
The century-old car maker, which was once the biggest company in the world, reaches its deadline tomorrow of restructuring the business in order to achieve a multi-billion dollar loan from the Government to avoid bankruptcy protection.
So far, the company ...
General Motors expected to file for Chapter 11
by Kay Murchie
May 28, 2009
It emerged earlier today that Vauxhall’s UK plants were at risk of closure after struggling US car maker General Motors (GM) moved to sell off its European arm, which includes Vauxhall and Germany’s Opel.
However, Business Secretary, Lord Peter Mandelson, has told Sky News that “there is no danger of Vauxhall's UK plants closing”. However, Lord Mandelson did warn that some ...
Vauxhall’s UK plans won’t close says Mandelson
by Kay Murchie
