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SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013

Perth-based electricity and gas company SSE, which operates mainly in the UK and Ireland, stated today that its retail arm is expected to report a loss on its adjusted profit before tax in … Continue reading “SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013”


Board of UK motor dealer HR Owen recommends offer from BPI to shareholders

UK franchised motor dealer HR Owen Plc (LON:HRO) said today that its board had recommended that shareholders should tender their shares in the increased GBP1.70 (USD2.69/EUR2.02) per share offer from investment holding company … Continue reading “Board of UK motor dealer HR Owen recommends offer from BPI to shareholders”


The London Taxi Company resumes construction of the traditional black cab

The London Taxi Company has restarted production of the TX4 black cab at its manufacturing facilities in Coventry, the Society of Motor Manufacturers and Traders (SMMT) announced today. LTC was rescued from the … Continue reading “The London Taxi Company resumes construction of the traditional black cab”


Tesco agrees to sell US arm to investment group Yucaipa

UK retailer Tesco Plc (LON:TSCO) said it had agreed to sell US grocery arm Fresh & Easy Neighborhood Market Inc to YFE Holdings Inc, part of investment firm Yucaipa Companies LLC, in a … Continue reading “Tesco agrees to sell US arm to investment group Yucaipa”


GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena

UK based GlaxoSmithKline plc (GSK), a research-based pharmaceutical and healthcare company, announced today that Suntory Beverage & Food Ltd (SBF), a Japanese consumer goods company has agreed to acquire Lucozade and Ribena, as … Continue reading “GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena”


Scotland’s economy outperforming the rest of the UK

HM Treasury today released the fifth paper in its Scotland analysis series, revealing that as a result of being part of an integrated UK, Scotland is outperforming most other parts of the British Isles. … Continue reading “Scotland’s economy outperforming the rest of the UK”


Clean Bus Technology Fund to award grants to 11 local authorities

Local Transport Minister Norman Baker announced today that GBP5m from the Clean Bus Technology Fund has been awarded to eleven local authorities in towns and cities in England for the upgrade of nearly … Continue reading “Clean Bus Technology Fund to award grants to 11 local authorities”


Sharp increase in demand for farmland pushes prices up

The price of farmland has trebled during the last ten years, as demand is outstripping supply, according to a report by the BBC. The Royal Institution of Chartered Surveyors (Rics) has carried out … Continue reading “Sharp increase in demand for farmland pushes prices up”


China’s Alibaba invests in US-based online shopping group ShopRunner — FT report

Chinese e-commerce firm Alibaba Group Holding Limited has taken an undisclosed minority stake in US online shopping services firm ShopRunner Inc for USD75m (EUR56.3m), the Financial Times reported, citing sources. The investment was … Continue reading “China’s Alibaba invests in US-based online shopping group ShopRunner — FT report”


UK household energy consumption drops by 24.7%

Household energy usage in England and Wales has fallen by almost a quarter since 2005, according to Office for National Statistics (ONS) data released today. ONS area based analysis for household energy consumption … Continue reading “UK household energy consumption drops by 24.7%”


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