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- Stelios blasts easyJet bonuses
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TUI Travel, the owner of Thomson Holidays, capitalised on rival Thomas Cook’s woes by reporting that its summer bookings were ahead of the market in January. Europe’s largest tour operator said that said that cumulative bookings in Britain as of 29 January were seven per cent down, but that was in comparison to a decline [...]
(Read More)7th Feb 12
Consumers cut back in January following Christmas surge
by Adam Richards
Shoppers ‘returned to reality’ in January after splashing out over the festive period, according to figures, which reveal that sales dropped in the opening month of the year. There was a fall of 0.3 per cent in like-for-like sales in January, in comparison with the same month last year, said the British Retail Consortium (BRC). [...]
(Read More)6th Feb 12
BT to introduce ultra-fast broadband
by Adam Richards
Telecoms company BT has increased the attractiveness of its broadband expansion by promising to introduce “ultra-fast” speeds of as high as 300Mb (megabites per second) by spring next year. The speeds of its current broadband are nearer 40Mb, with the majority of the country having an average speed of 7.6Mb. However, the firm announced that a [...]
(Read More)1st Feb 12
Tesco market share slips
by Adam Richards
Tesco saw its market share fall below 30 per cent for the first time in almost seven years as it found it difficult to compete with cheaper rivals, revealed the latest figures. The retailer’s drop in the share of the market, to its lowest point since May 2005, came during a period when Sainsbury’s achieved [...]
(Read More)31st Jan 12
UK consumer confidence recovers
by Adam Richards
The economy received a welcome boost in January after a leading survey indicated that there was a marked improvement in consumer confidence. GfK NOP, the market research firm said that consumer confidence increased between December and January by four points to minus 29, its highest mark since June 2011, after improvement in people’s own finances [...]
(Read More)31st Jan 12
Stelios blasts easyJet bonuses
by Adam Richards
Sir Stelios Haji-Ioannou, the founder of easyJet, has denounced the airline’s executives over the size of their bonuses. Sir Stelios, whose family has a stake of 38 per cent in the carrier, has tabled a motion for the annual meeting in February blocking a proposed pay deal. However, press reports have indicated that the board [...]
(Read More)30th Jan 12
Fast food outlets prosper consumers go for treats
by Adam Richards
The fast-food industry is booming as US food chains Subway, McDonald’s and Starbucks set out to take advantage of a recession-weary country still seeking some short-term pleasure. Sandwich chain Subway last week announced plans to launch 600 new stores during the coming three years and, in turn, create as many as 6,000 jobs. Meanwhile, McDonald’s [...]
(Read More)27th Jan 12
Graduate jobs to fall in 2012
by Adam Richards
Graduate employment woes are likely to continue in 2012 with employers predicting a fall in the amount of university-level jobs available, revealed the latest analysis. Companies have also spoken of their concerns about two-year degrees – which have been introduced at a number of universities to combat rising tuition fees – as students will not [...]
(Read More)26th Jan 12
Motorists face record fuel prices
by Adam Richards
Motorists are set to face record fuel prices after the biggest oil refinery in London went into administration, putting at risk around 1,000 jobs. The Coryton refinery by the Thames, which refines about 175,000 barrels of crude oil per day, ceased all deliveries of diesel, petrol and heating oil with PricewaterhouseCooper being brought in as [...]
(Read More)25th Jan 12
Facebook worth £1.1bn to British economy
by Adam Richards
Facebook claims it underpins £1.14bn in the UK economy as well as supporting 18,400 jobs in the country. New research by Deloitte looks at the benefits of the Facebook pages which are used by businesses in order to promote trade. Sheryl Sandberg, the social network’s chief operating officer, said at the DLD conference in Munich [...]
(Read More)

