UK Business News

The German based discount supermarket Aldi, the tenth largest retailer in the world with over 7,000 stores have reported sales growth for the past year dipping below 20% despite a massive growth in food sales. Non food sales are slowing says Aldi managing director Paul Foley, but food sales remain strong, comfortably outperforming rivals including [...]

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The founder of JJB Sports, Dave Whelan, has come to the rescue of the troubled retailer by agreeing to purchase the company’s fitness club business which will be re-branded as DW Sports Fitness. com.
Whelan’s purchase of the fitness clubs is part of a bigger venture into the retail industry, selling brand name sporting goods, equipment, [...]

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Internet calling company Skype increased their growth during last year with a 41% increase in International calls via the web using the Skype software, accounting for 8% of the all international call traffic in 2008.
Since it’s launch five years ago Skype has become a staple software product for internet users, the latest figures issued by [...]

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Bank of England’s David Blanchflower has conceded that talk of the economy recovering sharply at the end of this year is pretty much pie in the sky, despite the bright predictions made a month ago.
Blanchflower warned of further increases in unemployment, while speaking at a parliamentary meeting today and urged the government to take action [...]

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Japanese car giant Toyota has announced plans to reduce  staff pay and working hours in their UK factories by 10% from the 1st April an agreement that will run for twelve months.
Toyota UK and trade unions have agreed the unique deal which has been brought about by the sharp downturn in global demand. The arrangement [...]

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