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GDP matches analyst expectations

Posted:
24 October 2014 10:03

Gross Domestic Product (GDP), the measure of the UK’s growth, slowed in the third quarter of the year, in-line with analyst expectations. Official figures released by the Office for National Statistics (ONS) this morning, showed growth of 0.7% following growth of 0.9% in the second quarter.All four sectors, including the services ...read more

Amazon’s losses widen

Posted:
24 October 2014 09:59

Amazon has said that losses for the third quarter widened, sending shares down 10%. The internet giant has increased investment in its Amazon Fresh grocery delivery service in the US, and its newly acquired video game streaming site Twitch, which has hurt profits.In the third quarter, Amazon reported a loss ...read more

Redundancies expected at Wilko

Posted:
24 October 2014 09:58

Value retailer Wilko has put a quarter of its head office staff into consultation, a move that is widely expected to result in job cuts amongst the 170 employees based there.The company, which rebranded itself from Wilkinson earlier this year, said: “This ongoing programme is essential to maintaining Wilko’s unique ...read more

Tesco chairman to quit

Posted:
23 October 2014 11:54

The chairman of Tesco, Sir Richard Broadbent, has announced that he will leave the firm following the overstatement of its profit expectations in September by £263 million, coupled with a sharp fall in first-half sales and profits.In a statement, Tesco set out the action it was taking to get its ...read more

Microsoft to phase out Nokia name

Posted:
23 October 2014 11:53

Microsoft is to phase out the Nokia name on some new products, less than a year after its acquisition and reversing an agreement that stated it would continue to use the name for 10 years.Nokia’s non-mobile division will continue to use the name, but mobile phones will not. The new ...read more

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