UK Business News

The sharp decline in the price of crude oil since the middle of 2008 has been blamed for a huge fall in profits from both Royal Dutch Shell and rival Exxon Mobil.
Reported profits for the period April to June 2009 showed profits at Shell had fallen 70% from the same period a year earlier at [...]

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Business secretary Peter Mandelson has attacked the ‘lazy assumption’ that Britain doesn’t make anything anymore, while visiting a company in Cambridge that specialise in Touch Screen technology.
“The reality is British manufacturing employs more people than the financial services sector. We are the sixth biggest manufacturer on earth and manufacturing is one of biggest exports and [...]

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Car production for June 2009 was down by 30.2% on the same month last year, but recorded a smaller annual fall than in May which the Society of Motor Manufacturers and Traders (SMMT) take to be a significant step in the recovery of the industry.
SMMT Chief Executive Paul Everritt took heart from the figures but [...]

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Carphone Warehouse has reported a drop in revenue from it’s Talk Talk brand, despite increasing line rental charges in March. The group reports a 2% fall in revenue since the line rental charge was increased from £10.50 to £11.25 in March this year.
The company says that it is still on target with an increase in [...]

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Energy experts are predicting that weak prices and sagging demand for gas could benefit the UK this winter by using the excess gas supply to fire Britain’s electricity producing plants.
Gas is usually used to produce electricity in the summer months in the UK when demand for heating is low and gas is cheap but Coal [...]

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