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News24 October 98


This file is short, so it's unlikely to be a complete archive..

        BBC NEWS 24  121 08 Oct 17:24/17
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 SHIRT FIRM CLOSE TO FOLDING DESPITE CUT
 The Bank of England's decision to cut  
 interest rates has come too late for   
 one clothes manufacturer.              
                                        
 Replica football shirt-maker Robert H  
 Lowe has axed 300 jobs, by shutting    
 three of its four factories.           
                                        
 The firm, based in Congleton, Cheshire,
 blamed the strong pound for forcing its
 customers to choose overseas suppliers.
                                        
 The firm's chairman said the business  
 might still be viable if rates had been
 cut or the pound fallen before now.    
                                        
   Finance 200  Sport 300  Weather  400 
   Travel  430  TV    460  Regional 500 
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