UK Business News

Figures released by Standard &Poor (S&P) show that the 500 biggest publicly traded companies in the world, showed overall operating earnings down by 29% for the year in the second quarter of 2008.
Earnings for the quarter were $116.2 billion (£63.3 billion), compared to $194.3 billion in the second quarter of 2007.
This is the fourth quarter in a [...]

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In the midst of the doom and gloom surrounding the UK economy, the supermarket winners in recent months are the cut price stores of Aldi and Lidl.
In case you hadn’t noticed the big supermarkets are fighting our corner for us by reducing prices on selected items, not really for the customer, but more to maintain [...]

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Retail giant Tesco have announced a £60million venture into the wholesale cash & carry business in India, alongside a deal with the Tata, owners of the Land Rover/Jaguar group.
Tata already has a stake in the Indian retail market through their Tata’s Star Bazaar hypermarkets and the deal is hoped to grow that chain from the [...]

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It’s good to have some positive business news in the current economic downturn, even if it is from the American burger giant McDonalds.
Despite the gloom on the high streets McDonald’s say they have attracted an extra two million customers a month to their restaurants in the UK compared with last year.
The company has responded to [...]

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Wedding gift firm Wrapit has blamed the HSBC bank for putting it’s business in administration, despite owing the bank around £3.5million.
Wrapit was formed in 2000 by former fashion journalist Pepita Diamand and trades from fifteen showrooms and a website, the administration puts 100 jobs on the line.
Despite the protestations of Peter Gelardi the head of Wrapit, claiming [...]

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