Archive for the ‘Biz’

  • Fresh faults with Boeing Dreamliner planes
    This is the second incident in as many days involving Dreamliners run by Japan Airlines Two fresh setbacks have hit Boeing's 787 Dreamliner plane, days after an electrical fire broke out on board a Japan Airlines Dreamliner on Monday. In the latest incident, Japan's All Nippon Airways cancelled a domestic 787 flight from Yamaguchi to Tokyo on Wednesday because...
    published on January 9th, 2013 at 18:13
  • Sainsburydan#039;s reports rise in festive sales
    Research released on Tuesday said Sainsbury's has been increasing its market share Sainsbury's has reported a small rise in sales over the key Christmas and New Year period, saying its customer numbers hit a new high. The supermarket group's like-for-like sales excluding fuel increased by 0.9% in the 14 weeks to 5 January, compared with a year earlier. The...
    published on January 9th, 2013 at 18:13
  • Peugeot Citroen hit by dan#039;crisisdan#039; in European car sales
    The carmaker said it had felt the "full force" of the decline in Europe's car markets Peugeot Citroen saw its global sales fall sharply last year, which it blamed on "the crisis affecting the European automobile market". Sales worldwide were down 16.5%, the French company said. The company's sales in Europe were down 8.6%, with big falls in...
    published on January 9th, 2013 at 18:13
  • UK trade deficit narrows in November
    The UK's trade deficit narrowed in November, as exports rose more than imports, official figures have shown. The seasonally-adjusted deficit on goods and services totalled 3.5bn in November, compared with 3.7bn in October. Led by chemical sales, the UK's total goods exports increased by 2.9% to 24.8bn, while imports rose by 1.1% to 34bn. The UK's export and...
    published on January 9th, 2013 at 18:13
  • Business leaders urge Cameron not to dan#039;riskdan#039; EU membership
    The prime minister will make a speech on the UK's future role in Europe later this month Ten of the UK's leading business figures have warned David Cameron not to put membership of the European Union "at risk" in negotiations over the country's relationship with Brussels. The prime minister has said the UK is "perfectly entitled" to demand...
    published on January 9th, 2013 at 18:13
  • Second faulty Boeing Dreamliner in Boston
    This is the second incident in as many days involving Dreamliners run by Japan Airlines A fuel leak on a Boeing 787 Dreamliner has caused Japan Airlines to cancel its takeoff from Boston's Logan airport, the second incident in as many days involving the new jet. The plane, bound for Tokyo, had left the gate when about 40 gallons (151 litres) of spilled fuel were...
    published on January 9th, 2013 at 13:54
  • HBOS business loans: Eight charged
    Eight people have been charged in connection with business loans made through a high street bank to the value of about 35m. The loans originated from the Halifax Bank of Scotland (HBOS) branch in Reading, Berkshire. Among those charged are former senior managers at HBOS, Lynden Scourfield, 50, and Mark Dobson, 52. Thames Valley Police said the charges follow a large-scale...
    published on January 9th, 2013 at 13:54
  • Private firms dan#039;to take on probation servicesdan#039;
    Around 200,000 medium and low risk offenders will be supervised by the private sector An overhaul of the probation service in England and Wales will see low risk offenders supervised by the private sector, the government is to announce. Justice Secretary Chris Grayling will unveil plans to let security firms and voluntary groups manage probation on a "payment by...
    published on January 9th, 2013 at 13:54
  • Nokiadan#039;s India factory raided by tax officials
    Mobile phone makers such as Nokia have seen robust growth in India in recent years Finnish phone maker Nokia has become the latest foreign telecommunications company to face tax issues in India. The firm's Chennai factory, one of its largest manufacturing facilities, has been raided by Indian tax officials. According to some media reports, officials said they were...
    published on January 9th, 2013 at 13:54
  • Barrick Gold ends Africa mine sale plan to Chinese firm
    China's economic growth has resulted in an increased demand for gold in the country Barrick Gold has ended talks to sell a controlling stake of its African business to China's state-owned miner, China National Gold Group. The firms failed to agree on a value for a 74% stake in African Barrick Gold, Tanzania's largest gold miner. The $3bn (1.9bn; 2.3bn euros)...
    published on January 9th, 2013 at 13:54