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Tesco has scrapped its plan to have all its products labelled with their carbon footprint, claiming the amount of work required and the fact that other supermarkets did not follow suit were to blame. In January 2007, Tesco’s then-chief executive Sir Terry Leahy spoke of a “green consumption revolution” with the company vowing to attach [...]
31st Jan 12
UK university applicant numbers fall 8.7%
by Harry Oldfield
The UK university applicant number has fallen by 8.7 per cent – although school leavers have not been put off by the tuition fees tripling, with the sharper decline being among the more affluent candidates in comparison with those from less privileged backgrounds, show official figures. The controversial decision to allow universities to increase undergraduate [...]
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 [...]
30th Jan 12
Train staff to get Olympic bonus
by Paul Russell
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 [...]
30th Jan 12
New house buyers drop by 10.5 per cent
by Natasha Redman
There has been no respite for the struggling property market as the amount of new buyers fell by over 10 per cent in January compared with the previous month. Property analytics firm Hometrack’s latest monthly survey revealed that the amount of new buyers who registered with estate agents dropped by 10.5 per cent in January, on [...]
30th Jan 12
US economy sees fourth quarter growth increase
by Katie Naylor
The speed f the US economy growth picked up in the fourth quarter of last year, official figures showed. The economy expanded at an annualised rate of 2.8 per cent, said the Commerce Department. This was an increase on the annual rate of 1.8 per cent reported in the previous quarter, but it was marginally [...]
30th Jan 12
Olympic Games will hit energy and transport plans
by Harry Oldfield
Companies have had to put investment plans on the backburner as the Olympics approach, the Bank of England has reported. The Olympics are set to disrupt key industry, transport and energy projects for as long as six months as construction companies are made to down tools and large equipmentcan’t be transported around England by road. [...]
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 [...]
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 [...]
27th Jan 12
Police officer numbers drop to ten-year low
by Natasha Redman
The number of police officers in England and Wales has dropped to its lowest level for 10 years, show official figures. In September 2011 there were 135,838 officers – 6,012 less than a year earlier, when there were 141,850. Out of the 43 forces only one, Surrey Police, increased the number of police officers during [...]