Archive for category: Financial and Business

Stores in London Could Lose Millions Due to Riots

Stores in London Could Lose Millions Due to Riots

/ August 10, 2011 10:26 am

As if the economy was not being hard enough on retailers in the UK, more bad news is on the way. According to recent figures, British stores could face losses of tens of millions of pounds due to the problems […]

Bills Keep Rising but Brits Are Getting Pay Raises

Bills Keep Rising but Brits Are Getting Pay Raises

/ August 4, 2011 10:26 am

According to a new study, the general cost of living in the UK is starting to go up. Despite this fact, most Brits have not had any kind of pay raise this year. In fact, barely a quarter of workers […]

British Gas Given £2.5 million Fine by Ofgem

British Gas Given £2.5 million Fine by Ofgem

/ July 28, 2011 9:16 am

British Gas has been hit with a £2.5 million fine from energy regulator Ofgem for poorly handling customer complaints and failing to tell customers they can appeal to the energy authority. This is one of the unprecedented number of investigations […]

Murdochs Knew Nothing of Phone Hacking

Murdochs Knew Nothing of Phone Hacking

/ July 21, 2011 8:03 am

On Tuesday, Rupert Murdoch and son James stood before Parliament to answer questions about the phone hacking scandal at News of the World, the British tabloid operated by News International, which is owned under the US-based News Corporation umbrella. Rupert, […]

News Corporation makes U-turn on BSkyB Takeover

News Corporation makes U-turn on BSkyB Takeover

/ July 14, 2011 9:45 am

As prime minister David Cameron revealed details of an independent inquiry into the unveiled phone hacking at News of the World, News Corporation – the US group that owns the tabloid – dropped its takeover bid for British Sky Broadcasting […]

WH Smith Sales Fall 4%

WH Smith Sales Fall 4%

/ July 8, 2011 9:08 am

WH Smith, the British-based retailer of stationery, books and newspapers, has reported that its strategy to cut costs and improve gross margins instead of driving top-line sales has been paying off in such a difficult market that is unlikely to […]

Hacker Attacks PayPal UK’s Twitter Account

Hacker Attacks PayPal UK’s Twitter Account

/ July 7, 2011 10:26 am

According to some new reports, PayPayl just recently admitted that its Twitter account in the UK was hacked and later suspended. The good news, however, is that no user data was breached during this hacking. Either way, it looks like […]

OFT Orders Debit Card Charges Ban

OFT Orders Debit Card Charges Ban

/ June 29, 2011 10:49 am

Companies across the travel sector and beyond have been hitting consumers with hidden charges and excessive fees, and the Office of Fair Trading (OFT) is out to right this wrong. They are particularly out to ban debit card charges imposed […]

British Families See Debt Rise and Savings Fall as the Economic Recovery Gets Thrown into Question

British Families See Debt Rise and Savings Fall as the Economic Recovery Gets Thrown into Question

/ June 21, 2011 8:08 am

It now seems that the economic recovery has been thrown into question in Britain. In fact, household finances are deteriorating at a faster rate than expected. Some experts point out that household finances are slipping at the quickest rate since […]

Apple Finally Settles with Nokia Over Patenting Issues

Apple Finally Settles with Nokia Over Patenting Issues

/ June 15, 2011 10:47 am

It seems that just recently Nokia won a very rare battle over Apple in the courtroom. In fact, reports show that Apple has just caved in and signed a patent license agreement with Nokia. This news comes as both companies […]

In the Press
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