Ofgem Slaps British Gas with £2.5 million Fine

July 28, 2011

British Gas has been slapped with a fine of £2.5 million from energy regulator Ofgem. This is in response to the company's poor handling of customer complaints and failing to let customers know they can appeal to the energy ...

Murdochs Claim Ignorance in Phone Hacking Scandal

July 20, 2011

Both Rupert Murdoch and his son, James, have pleaded ignorance in the phone hacking scandal at News of the World, the UK tabloid under their US-based News Corporation umbrella. On Tuesday, Rupert, the chairman and chief executive of the ...

News Corporation Drops BSkyB Takeover Bid

July 14, 2011

News Corporation, the US media group that owns News of the World, has withdrawn its bid for the remaining shares of British Sky Broadcasting Group (BSkyB), for which it already owns 39%. The media firm is headed by media ...

Nissan Reveals Solar Powered Charging System for Leaf

July 13, 2011

Nissan Motor Company has recently announced that it is developing a new charging system that will be used for the Leaf, its electric vehicle. The system will get its electricity from solar power, which will be stored in separate, ...

Sales at WH Smith Fall 4%

July 8, 2011

British-based retailer WH Smith, which sells books, stationery and newspapers, has announced that its strategy of cutting costs and improving gross margins rather than drive top-line sales has paid off - in spite of the difficult market, which is unlikely ...

Cameron Calls for Tabloid Phone Hacking Inquiry

July 7, 2011

David Cameron, the British prime minister, has vowed that an inquiry will be conducted into the phone hacking at newspaper News of the World, as well as into why police didn't investigate it. This comes as more allegations were ...

IMF Reports Major Security Breach by Hackers

June 13, 2011

It's been revealed by the International Monetary Fund (IMF) that it has been hit with a serious cyber attack. Some systems were compromised and used to get internal data during the attack. Cyber security expert Tom Kellerman, who ...

Sainsbury’s Launches Rival to Tesco Car Insurance

June 8, 2011

Sainsbury's, the third biggest supermarket chain in the UK, relaunched its car insurance business on Monday to directly compete with Tesco. This has intensified the war in gaining customers on the High Street. The relaunching of the car insurance business ...

Tesco Cuts Executive Pay Targets

June 1, 2011

Tesco is cutting the base salary target for its chief executive by 23%, while doing away with its share-option program for executive board members. This comes as the company's directors push to address shareholder complaints, which has slammed the ...

IMF Board to Discuss New Chief while Strauss-Kahn gets Bail

May 20, 2011

International Monetary Fund (IMF) acting managing director John Lipsky said on Thursday that the executive board's 24 members were due to meet later that day to start the process of choosing a new leader. They want this to happen ...