Thursday, 23 April 2015
Tesco's record losses - is the only way now up?
Tesco reports a record pre-tax loss of £6.4bn for the year to the end of February. But markets respond positively, anticipating that the retail giant has put the worst behind it.
Tuesday, 14 February 2012
UK inflation falls as shops discount and VAT hike falls out
Link to the article The Guardian
Bank of England governor Sir Mervyn King is likely to signal on Wednesday that he stands ready to unleash a fresh round of quantitative easing if the economy fails to bounce back, after news that inflation dropped sharply last month, to 3.6%.
The office for national statistics said the consumer price index had declined from 4.2% in December, to 3.6%, its lowest level since November 2010, as the impact of the coalition's VAT rise dropped out of the annual comparison.
"The confirmation that inflation is falling is likely to encourage the MPC to continue to gradually expand QE in order to give more support to the economy," said Michael Saunders, UK economist at Citi.
Bank of England governor Sir Mervyn King is likely to signal on Wednesday that he stands ready to unleash a fresh round of quantitative easing if the economy fails to bounce back, after news that inflation dropped sharply last month, to 3.6%.
The office for national statistics said the consumer price index had declined from 4.2% in December, to 3.6%, its lowest level since November 2010, as the impact of the coalition's VAT rise dropped out of the annual comparison.
"The confirmation that inflation is falling is likely to encourage the MPC to continue to gradually expand QE in order to give more support to the economy," said Michael Saunders, UK economist at Citi.
Monday, 13 February 2012
Britain will avoid recession - CBI
Link to the article Channel 4
The CBI employers' body says Britain will avoid recession but other forecasters are less opimistic, with one economist telling Channel 4 News that "the economy is going nowhere".
The CBI employers' body says Britain will avoid recession but other forecasters are less opimistic, with one economist telling Channel 4 News that "the economy is going nowhere".
Wednesday, 8 February 2012
O2 flexible working pilot ahead of olympics
Link to the article Channel 4
As mobile phone provider O2 launches a major trial in the run-up to London 2012, Channel 4 News looks at why flexible working is good for people and good for businesses.
As mobile phone provider O2 launches a major trial in the run-up to London 2012, Channel 4 News looks at why flexible working is good for people and good for businesses.
Monday, 6 February 2012
Flight disruption at heathrow again - will it ever change..?
Link to the article Channel 4
With hundreds of flights cancelled at Heathrow because of the freezing weather, Channel 4 News looks at whether a solution is possible.
With hundreds of flights cancelled at Heathrow because of the freezing weather, Channel 4 News looks at whether a solution is possible.
Thursday, 2 February 2012
Facebook not only about money says Zuckerberg
Link to the article Channel 4
Facebook is on course for the biggest internet stock flotation after announcing plans to sell shares to the public, but founder Mark Zuckerberg says he does not wake up with the goal of making money.
Facebook is on course for the biggest internet stock flotation after announcing plans to sell shares to the public, but founder Mark Zuckerberg says he does not wake up with the goal of making money.
Saturday, 28 January 2012
RBS chairman turns down £1.4m share bonus
Link to the article Channel 4
One day after RBS chief executive Stephen Hester is awarded a £930,00 bonus, it emerges Sir Philip Hampton, the bank's chairman, is to turn down a share-based bonus worth £1.4m.
One day after RBS chief executive Stephen Hester is awarded a £930,00 bonus, it emerges Sir Philip Hampton, the bank's chairman, is to turn down a share-based bonus worth £1.4m.
Friday, 27 January 2012
Outrage at RBS boss's bonus payout
Link to the article Channel 4
Politicians and unions have criticised as "out of touch" the £963,000 bonus package awarded to Royal Bank of Scotland boss Stephen Hester.
The £963,000 worth of shares will be awarded to Hester on top of his £1.2m salary.
It is less than half the value of last year's all-shares bonus and comes after Prime Minister David Cameron made it clear that he considered a seven-figure sum would be unacceptable.
Politicians and unions have criticised as "out of touch" the £963,000 bonus package awarded to Royal Bank of Scotland boss Stephen Hester.
The £963,000 worth of shares will be awarded to Hester on top of his £1.2m salary.
It is less than half the value of last year's all-shares bonus and comes after Prime Minister David Cameron made it clear that he considered a seven-figure sum would be unacceptable.
Wednesday, 25 January 2012
Why is Britain's economy shrinking..?
Link to the article Channel 4
With the economy declining, George Osborne says the eurozone crisis is taking its toll on Britain. Is he right?
The Chancellor was speaking after official figures showed that the economy shrank by 0.2 per cent in the last three months of 2011 - a sign that we may be heading back into recession.
With the economy declining, George Osborne says the eurozone crisis is taking its toll on Britain. Is he right?
The Chancellor was speaking after official figures showed that the economy shrank by 0.2 per cent in the last three months of 2011 - a sign that we may be heading back into recession.
UK slump returns - UK growth decimated
Link to the article Channel 4
Britain probably is in the middle of a light recession now. We won’t know for sure until April. But today’s Q4 GDP number was doubly disappointing, if not, a great surprise. For a start it was a larger fall than expected, at -0.2%. It showed weak construction and production figures.
Britain probably is in the middle of a light recession now. We won’t know for sure until April. But today’s Q4 GDP number was doubly disappointing, if not, a great surprise. For a start it was a larger fall than expected, at -0.2%. It showed weak construction and production figures.
Recession fears as economy shrinks
Link to the article Channel 4
As official figures show that growth declined at the end of last year, Channel 4 News analyses what has happened to the British economy since the 2008-09 recession and what is in store.
As official figures show that growth declined at the end of last year, Channel 4 News analyses what has happened to the British economy since the 2008-09 recession and what is in store.
Tuesday, 24 January 2012
An extra shot with that..? Starbucks to sell booze
Link to the article Channel 4
The giant coffee chain is turning its baristas into bar staff by offering wine and beer in a selection of US stores. But do customers really want alcohol alongside their soy decaff latte?
It's already got more coffee permutations than digital places on Pi. Now, along with your Grande double shot decaff no foam soy latte with cinnamon atop - you can soon order a glass of Prosecco or a pint of beer at your local Starbucks.
The chain began offering alcoholic drinks in a handful of locations in its native Seattle back in 2010 as a test run: now it's rolling out the concept in parts of Southern California, followed by Atlanta and Chicago, in an effort to capture the 'Happy Hour' crowd.
The giant coffee chain is turning its baristas into bar staff by offering wine and beer in a selection of US stores. But do customers really want alcohol alongside their soy decaff latte?
It's already got more coffee permutations than digital places on Pi. Now, along with your Grande double shot decaff no foam soy latte with cinnamon atop - you can soon order a glass of Prosecco or a pint of beer at your local Starbucks.
The chain began offering alcoholic drinks in a handful of locations in its native Seattle back in 2010 as a test run: now it's rolling out the concept in parts of Southern California, followed by Atlanta and Chicago, in an effort to capture the 'Happy Hour' crowd.
Monday, 23 January 2012
Thursday, 19 January 2012
Kodak files for bankruptcy
Link to the article Channel 4
The 130-year-old company, which invented the hand-held camera, files for bankruptcy protection in the US after years of falling sales.
The pioneering Eastman Kodak Company, which brought the world the first pictures taken on the moon, has filed for bankruptcy in a bid to survive a financial crisis following its failure to develop new products in a changing photography market.
The 130-year-old company, which invented the hand-held camera, files for bankruptcy protection in the US after years of falling sales.
The pioneering Eastman Kodak Company, which brought the world the first pictures taken on the moon, has filed for bankruptcy in a bid to survive a financial crisis following its failure to develop new products in a changing photography market.
Wednesday, 18 January 2012
Goldman Sachs staff receive £8bn in pay and bonuses
Link to the article Channel 4
As Goldman Sachs reveals that staff earned £8bn in pay and bonuses in 2011, anti-capitalist protesters lose their court battle to occupy land outside St Paul's cathedral in London.
As Goldman Sachs reveals that staff earned £8bn in pay and bonuses in 2011, anti-capitalist protesters lose their court battle to occupy land outside St Paul's cathedral in London.
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