UK Business News

The UK’s largest supermarket chains are attempting to fight the unemployment problem by taking on more staff as they diversify into other non food products as well as attracting more cash strapped customers with lower prices.
Sainsbury currently leads the way with the announcement that it will create 2,300 new jobs in the north of England [...]

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The UK’s third largest do it yourself (DIY) retailer, Focus DIY, has received the backing of the UK’s biggest commercial landlords in a rescue plan designed to save the company from going under.
The landlords, who make up the bulk of Focus DIY’s creditors, will join other creditors to vote on the proposed Company Voluntary Arrangement [...]

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UK car dealer Pendragon is urging the government to continue with the car scrappage scheme, once the current commitment of £300million has been exhausted.
The scheme has rejuvenated the new car market with figures for July, the first full month of operation, showing a year on year rise for the first time in 2009.
Trevor Finn, CEO [...]

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Allied Carpets will make 850 people redundant  as administrators have failed to find a buyer for 142 of the companies shops, which will now be closed down.
Allied Carpets went into administration a month ago when the management team immediately formed a new company to cherry pick the profitable parts of the business from the administrator [...]

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Microsoft and Nokia have formed an alliance in a bid to offer stiffer competition against smart phone rival, Research in Motion Ltd’s, BlackBerry, the market leader currently dominating the mobile telecommunications business.
The alliance will also aim to unsettle Google who have recently expanded into offering free online software, that is seriously aimed at damaging the [...]

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