Aldi reacts to Tesco challenge

August 30, 2008

Tom Baines, the managing director of buying at Aldi, predicted that the new discount range that is to be launched by Tesco will be a flop. He told The Times newspaper "They will be able to compete with us on price ...

Bradford & Bingley reveal loss

August 30, 2008

Bradford & Bingley (B & B), the buy to let specialist has announced a loss for the six months to 30 June and impairment charges up sharply. The lender reported a loss of £26.7m for the six month, compared to a ...

Aer Lingus looks at cutting as they suffer loss

August 29, 2008

Aer Lingus raised fears as in their staff as they announced that they need to cut costs across its business. The Irish airline suffered a loss of €22.8m for the first half of this year. This is down from a ...

High Street sales worst since 1983

August 29, 2008

High Street sales took their sharpest fall in at least 25 year this month as the bad weather and downturn in the housing market deterred shoppers from spending money. The Confederation of British Industry's (CBI) distributive trades survey found that 60% ...

Nationwide say house prices fall 10.5% in a year

August 28, 2008

According to the latest survey from the Nationwide UK house prices have seen the first double digit fall in annual prices for the first time since 1990. House prices were 10.5% lower in August than they were the same time last ...

RBS and NatWest account details sold on eBay

August 28, 2008

Up to one million NatWest and Royal Bank of Scotland (RBS) customers personal bank account details have been found on a computer which was sold on eBay for £35. The computer was sole "inappropriately" sold by an employee at an Essex ...

Apple’s iPhone advert ‘misleading’

August 27, 2008

An advert which was shown on television has been ruled to be misleading by the Advertising Standards Agency (ASA). Two complaints were received by the watchdog saying that the advert said "all parts of the internet are on the iPhone". However ...

Virgin receive boost from business travelers

August 27, 2008

Virgin Atlantic has seen profits rise as record numbers of business passenger's travel. The airline saw pre-tax profits of £34.8 million in the 2007/2008 financial year, which is up from £6 million the year before. Virgin, 51% owned by Sir Richard ...

Co-op to put mini-banks in 250 stores

August 26, 2008

The Co-operative group has announced plans to put mini banks in some of its convenience stores in a bid to encourage customers to use more services available from the group. Tesco, Sainsburys and Marks & Spencer have introduced similar strategies. Co-op ...

Tesco introduces local food and drink

August 26, 2008

The supermarket giant Tesco are set to generate £500 million from the sale of locally produced food and drink this year as regional products are in high demand with the British public. Sales of locally sourced products have risen by 40%, ...

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