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Top story
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Manchester Airport and UU back rail campaign
Manchester Airport Group and United Utilities (UU) have thrown their weight behind Insider’s campaign to transform rail connectivity in the north of England. Airport managing director Andrew Harrison said some areas “were in urgent need of investment” as he spoke out in support of Network Rail’s £500m plan to transform trans-Pennine rail travel.
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Deals
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Burne completes AEW buyout
Manchester-based architecture and design practice AEW has undergone a management buyout led by managing director Steve Burne.
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20:20 Mobile sells Irish stake
Crewe mobile phone distributor 20:20 Mobile has disposed of its majority stake in Dublin-headquartered arm 20:20 Mobile Ireland. Vodafone Ireland has retained its 49 per cent stake.
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European Commission delays £196m TDG sale
DouglasBay Capital’s (DBay) £196m disposal of Manchester logistics and warehousing provider TDG has been delayed after the European Commission requested further information on the transaction.
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Business
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Barclaycard set to cut 200 Merseyside jobs
About 200 jobs are at risk at Barclaycard’s call centre in Merseyside after the company announced plans to move work overseas. The company said it proposed to move customer service work from sites in Wavertree, Northampton and Teesside as part of its ongoing programme of improving day-to-day operational efficiency.
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More businesses will fail in 2011 - RSM Tenon
There will be increasing levels of corporate insolvency in 2011, according to turnaround specialists at RSM Tenon. It says that statistics set to be released for 2010 will not "reflect the pain of UK businesses" and warns of a possible double dip recession.
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Unilever reports strong profit growth
Anglo-Dutch food and households goods giant Unilever, the world's third-largest maker of branded household products, has shrugged off higher commodity costs to increase profits by 25 per cent.
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Insider is 20-years-old – and wants to hear from you
2011 marks the twentieth year since North West Business Insider was launched to plug a gap in regional business reporting, or as launch editor Robert Waterhouse put it, “to flag trends, to record developments and pinpoint companies and people of interest wherever they happen to be”.
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Property
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Equity gets going on Royal Oak site
Work is underway to redevelop a former Stockport brewery into a £6m affordable housing development. Equity Housing Group and contractor Southdale are building 51 houses on the disused Royal Oak Brewery site close to the town centre.
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CEG launches Sale’s Jackson House
Commercial Estates Group (CEG) has relaunched Sale’s Jackson House to the market with its joint agents Savills and Canning O’Neill.
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Construction shows bouncebackability
The UK's construction industry bounced back in January following disruption caused by December's snow. The latest Markit/CIPS Purchasing Managers' Index (PMI) survey rose to 53.7 in January from 49.1 during the previous month.
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Other News
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Lack of credit curbs football spending – Deloitte
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Puss in Boots polished off by PochinRische
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Truth opens in Manchester
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Small loans on offer in Stockport
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