Business NEWS

Rural broadband roll out approved and beginning early this year

The government has finally been given the go ahead for a £530 million broadband roll out that was first announced back in January of 2012. The plans required further intervention from Culture Secretary … Continue reading “Rural broadband roll out approved and beginning early this year”


Contactless payment introduced on London buses

Bus passengers in London can now use a contactless debit, credit or charge card to pay for their journey, Transport for London (TfL) announced today. To use contactless payment, passengers can touch their … Continue reading “Contactless payment introduced on London buses”


Coffee chain Costa boosts Q3 sales at Whitbread

UK hotel and restaurant group Whitbread plc (LSE:WTB) announced today an increase of 3.3% in like-for-like sales for the third quarter of 2012, boosted by strong performance at its coffee chain Costa, which … Continue reading “Coffee chain Costa boosts Q3 sales at Whitbread”


UK chancellor confirms lower expectations for economic growth

The UK economy is now expected to contract by 0.1% in 2012 and then grow by 1.2% in 2013, the Office for Budget Responsibility announced today. This is a significant downgrade from predictions … Continue reading “UK chancellor confirms lower expectations for economic growth”


Gender pay gap among UK employees narrows to 9.6%

The pay gap between men and women in the UK is narrowing, official figures showed today. Based on earnings in April 2012, the difference between hourly pay rates for men and women in … Continue reading “Gender pay gap among UK employees narrows to 9.6%”


Asda grows UK market share to 17.5%

UK supermarket chain Asda reported today that its share of the UK grocery market has increased to 17.5%, up 0.1% year-on-year. The retailer, which is owned by Wal-Mart Stores Inc (NYSE:WMT) in the … Continue reading “Asda grows UK market share to 17.5%”


Foreign visits to UK down in August despite Olympics

The number of visits to the UK by overseas residents was 5% lower in August, despite London hosting this year’s Olympic Games, figures showed today. The Office for National Statistics (ONS) reported that … Continue reading “Foreign visits to UK down in August despite Olympics”


Shares in toy maker Hornby sharply down after profit warning

Toy maker Hornby plc (LSE:HRN) saw its shares fall more than 40% today after announcing that the company will not make a profit this year. Hornby has blamed disappointing sales of London 2012 … Continue reading “Shares in toy maker Hornby sharply down after profit warning”


UK Business Secretary unveils plans to cut employment law red tape

Proposals to limit compensation for unfair dismissal and to encourage settlement agreements to end employment relationships have been put forward by the UK government today. Business Secretary Vince Cable has announced a range … Continue reading “UK Business Secretary unveils plans to cut employment law red tape”


UK retailers John Lewis and Next post higher profit

Retailers John Lewis and Next, two of Britain’s biggest high street names, reported an increase in half-year profit in their financial reports released today. Employee-owned partnership John Lewis, which operates John Lewis department … Continue reading “UK retailers John Lewis and Next post higher profit”


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