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The Nifty 250: News of the day in so many words

<b>Weds Aug 5:</b> Jobs reprieve at Halewood, Mann Island flats firm goes bust and more

Published on August 5th 2009.


Taking a tumble
A PROPERTY firm handling the sales of flats at the new Mann Island development went bust yesterday owing £100m.

Lancashire-based Dylan Harvey Residential acted as agent for a number of residential apartment schemes in the North West. Its creditors include 500 private investors who have paid approximately £6.5m of deposits - typically between £5,000 to £20,000 each.

DHR is part of the Dylan Harvey Group which is acting as a marketing agent for the two black granite blocks, which will house 376 flats. But administrator CLB Coopers says that scheme is part of a separate joint venture – Mann Island Properties – and is not affected by the collapse.

Judge judged
A JUDGE is facing an investigation after criticising the British immigration system. Judge Ian Trigger's comments came while sentencing illegal immigrant Lucien McClearley at Liverpool Crown Court on 28 July for drugs offences. The judge told him: “Your case illustrates all too clearly the completely lax immigration policy that exists and has existed over recent years in this country”. The Lord Chief Justice, Lord Judge, has referred the judge's comments to the Office for Judicial Complaints.

Job reprieve
HUNDREDS of jobs at Halewood's Jaguar Land Rover plant appear to have been secured for the time being after the car maker secured a £600m bank facility that will enable it to keep trading until the end of next year.

JLR, whose trading losses have climbed to £1.2bn in the past year, was within days of defaulting on its loans before it negotiated an extension with its syndicate of more than 20 banks.

Bin action
The city’s binmen and street cleaners will begin industrial action next week in a dispute over pay and conditions. Members of both GMB and Unite unions will proceed with hour-long stoppages on Tuesday following a break down in talks with employer Enterprise-Liverpool.

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