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Staff on London’s Docklands Light Railway will be paid a weekly bonus of £100 just for going into work during the Olympic Games. The RMT union secured the agreement on behalf of its 550 members, and it dwarfs previous deals tied up by tube drivers and many other transport workers during the Olympics. It will [...]
(Read More)27th Jan 12
Heart attack deaths halved over last decade
by Paul Russell
The heart attack death rate in England has halved during the last decade, revealed a study from Oxford University. The research, which has been published in the British Medical Journal, studied over 800,000 people who suffered heart attacks from 2002 to 2010. They discovered that there were fewer heart attacks in the later years and [...]
(Read More)26th Jan 12
Fried food cooked with olive oil fine for heart
by Paul Russell
Eating fried food might not be so bad for the heart, so long as olive or sunflower oil is used to make it, say experts. They found no raised risk of premature death or heart disease linked with food which had been cooked this way. However, the investigators point out that the discoveries, from studying [...]
(Read More)23rd Jan 12
UK retail sales rise in pre-Christmas boost
by Paul Russell
High street sales promotions helped UK retail sales volumes grow in December, revealed official figures, as shops battled for hard-up customers during the lead-up to Christmas. Month-on-month growth in retail sales volumes of 0.6 per cent was recorded last month, reported the Office for National Statistics (ONS), compared to a revised decline of 0.5 per [...]
(Read More)23rd Jan 12
Vodafone wins landmark Indian case
by Paul Russell
British telecom giant Vodafone has won a landmark case as it has been found not liable for back taxes and penalties of up to £2.85bn by the Indian Supreme Court. The ruling removes considerable uncertainty for foreign firms investing in India. The decision will also be a major relief to international investors who had concerns [...]
(Read More)20th Jan 12
Tesco in effort to win back customers
by Paul Russell
Tesco is heavily promoting its offer to lure consumers back to its check-outs after admitting that its previous campaign to win shoppers had fallen flat. The UK’s biggest retailer has been promoting its latest deal in full-page newspaper adverts. The deal promises to give £5 off your next purchase if you spend £40 or more [...]
(Read More)19th Jan 12
Cameron accuses Argentina of colonialism over Falklands
by Paul Russell
Prime Minister David Cameron has accused Argentina of “colonialism” after recent disagreements regarding the Falkland Islands. The prime minister vowed to protect the population of the island and allow them to make their own decision regarding their future after recent calls from the government of Argentina for dialogue to take place over the long-disputed island [...]
(Read More)18th Jan 12
Airbus promises 600 new British jobs
by Paul Russell
Aerospace group Airbus has vowed to create as many as 600 new jobs in Britain this year but also dealt a blow to domestic manufactures by stating that the UK’s GKN lost out recently on a contract for lucrative parts to a Korean rival as it was not deemed competitive enough. The Airbus chief executive [...]
(Read More)16th Jan 12
RBS pushes Peacocks towards administration
by Paul Russell
The Royal Bank of Scotland has been revealed as the main lender unwilling to save the embattled retailer Peacocks, putting some 10,000 jobs at risk. RBS is believed to be holding back from injecting any more funds into the company, which currently has £240m of debt. The bank’s unwillingness to save Peacocks is not only [...]
(Read More)13th Jan 12
Mothercare reports 3% sales drop
by Paul Russell
Embattled retailer Mothercare announced another sales decline in the UK, as it continues to struggle at home but flourish overseas. The babies and children’s specialist retailer, which has roughly 350 shops in the UK, revealed that its domestic market like-for-like sales had fallen by three per cent during the 13 weeks ending 7 January. The [...]
(Read More)