Updated 6:28pm 24 May 2012

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More than a 100 lay offs at David McLean

The group employed a total of 320 people – 130 of them at its head office on Deeside Industrial Park. Many of those working in the contracting division are believed to have been based at other centres around the UK.Read

Small firms throughout region face battle to retrieve cash, as fears grow that housebuilder’s failure will cause grave problems for scores of sub-contractors

THE failure of the David McLean Group will hit scores of sub-contractors on Merseyside and neighbouring areas who face a battle to retrieve cash they are owed, it was claimed last night.Read

Developer to raise £750,000 funding

SHAREHOLDERS in North Wales-based commercial property developer and house-builder Eatonfield have backed a scheme to raise £750,000 in short-term funding from its founder and chief executive Rob Lloyd.Read

Australian firm bought in £2bn deal

OIL and gas explorer BG Group yesterday agreed a £2.2bn deal to buy a leading Australian producer of coal-seam gas.Read

All the usual rules rewritten as UK falls into the mire

‘I DON’T think yet that people have realised what the impact is going to be on our real economy on businesses and jobs back home.”Read

BP posts biggest ever profits – £70m a day

OIL giant BP sparked anger last night after posting its biggest-ever quarterly profits haul of $10bn (£6.4bn).Read

Huge numbers are all around us – but do they add up?

IN THESE days of banking and market turmoil, we are getting quite used to seeing and hearing reports quoting some truly astronomical figures.Read

GKN says jobs are under threat

JOBS in the UK are under threat at car parts and aircraft eng- ineering firm GKN, after it said it was cutting staff and shut- ting down plants across its global operations.Read

Threat to Kings Dock as city developer folds

PLANS to build hundreds of apartments at Kings Waterfront, in Liverpool, are in jeopardy after housebuilder David McLean collapsed into administration yesterday.Read

Housebuilder David McLean in administration

HOUSEBUILDER David McLean Group today went into administration putting the future of two major Liverpool projects into doubt.Read

Control is key in economic fightback

RARELY have the pros- pects for the world economy appeared so uncertain, after what has felt like a hurricane- driven restructuring of the US financial system in recent weeks.Read

Half-baked idea about elasticity of money supply

SOME commentators have suggested in recent days that all of the money the Government has used to bail out our banks need not harm public finances or alter existing public sector spending or tax plans.Read

Bill Gleeson: Legal bill for the crunch is goingto be a whopper

NOW that bank rescue deals have been struck on both sides of the Atlantic, it’s time to work out who the winners and losers from the credit crunch will be.Read

Bank chiefs say they’re grateful for help – but some refuse financial assistance from Government

BANK chiefs lined up to welcome the Government’s historic rescue package today – but some said they were already strong enough not to need taxpayer help.Read

Footsie dives 5% in spite of £50bn Treasury bail-out and rate cut

THE FTSE 100 Index plunged more than 5% as recession fears took hold despite a £50bn banking bail-out and a shock interest rate cut.Read

Central banks get their act together

IN A DAY that will go down in history as unprecedented, central banks and government’s around the world yesterday acted in concert to reduce interest rates while the British Government stumped up £400bn in a bid to rescue the banking system and the nation’s economy from collapse.Read

Bill Gleeson: Concerted action needed to resolve the banking crisis

PERHAPS Shakespeare’s Polonius had it right when, in Hamlet, he advises Ophelia: “Neither a borrower nor lender be.”Read

Concerted action needed to resolve the banking crisis

PERHAPS Shakespeare’s Polonius had it right when, in Hamlet, he advises Ophelia: “Neither a borrower nor lender be.”Read

New business confidence should see region through hard times

OPINIONS are not hard to find in Liverpool. And the business community, like many others across the city, is not slow in coming forwards to offer its view of how the land lies.Read

Germany goes it alone while Darling lays it on the line: We will do whatever it takes to restore stability to the financial markets

CHANCELLOR Alistair Darling pledged again yesterday to do “whatever is needed” to maintain financial stability, as he dis- closed that depositor protection for savers may rise again from the planned £50,000 limit.Read