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Rupert Murdoch's "fail-wall" - "Open" Guardian revenues up 50% 
Posted on  15-10-2010 01:29:55 AM (GMT +01:00)
Published By  [email protected]

Figures have suggested that the great Rupert Murdoch pay-wall experiment is failing while the "open" Guardian website has increased revenues by 50%.

Circulation figures from ABC show that The Times and Sunday Times print sales fell 14.8% and 9.5% year-on-year respectively.

The strategy was designed to protect hard ...

  
No new airport for London its better roads business demand 
Posted on  05-09-2011 10:03:39 AM (GMT +01:00)
Published By  News Desk

News Desk

London businesses are calling on the next mayor of London to focus on improving the roads of London and preventing utility works causing so much disruption in London.

According to a survey published by Londonlovesbusiness.com out of 760 businesses, 57 per cent listed as ...


  
Bloodbath in London banking jobs 
Posted on  24-08-2011 08:20:38 AM (GMT +01:00)
Published By  City News Desk

City News Desk

Jobs in London's financial services are being axed at levels not seen in recent times with UBS leading the charge in a decision to cut 5 percent of its workforce globally leading to 300 loses in London, and 40,000 jobs across Europe are ...


  
London to be punished for EU financial crisis 
Posted on  30-06-2011 07:57:02 AM (GMT +01:00)
Published By  News Desk

News Desk

The Square Mile and financial services in London will be punished with punitive taxes imposed by Brussels in the form of a new proposal to use a financial transaction taxes (FTT) to fund an extra £93bn needed for EU spending increases.


  
Retail in crisis as Argos sales slump, Comet looking at selling sites 
Posted on  10-06-2011 09:22:01 AM (GMT +01:00)
Published By  City News Desk

City News Desk

Retailers on the high street are struggling to deal with the negative psychology of shoppers who are simply not buying goods at present, with Argos revealing a 9.6% slump in sales, and 20% drop in sales of electronic goods.  

Comet has revealed in a ...


  
Recession storm clouds gather as consumer spending plummets 
Posted on  26-05-2011 09:44:06 AM (GMT +01:00)
Published By  News Desk


News Desk

Consumers are not spending, and the economy is heading closer to recession with GDP figures that are anemic with 0.5 per cent growth in the beginning of the year.


Higher inflation figures is putting severe pressure on household’s ability to spend money, with ...

  
Marks and Spencer’s plans to target shoppers by "affluence and ethnicity" 
Posted on  25-05-2011 09:27:53 AM (GMT +01:00)
Published By  News Desk


News Desk

Retail giant Marks & Spencers has taken "targeted marketing" a step further today with plans to transform existing stores so that they target local demographics like affluence, ethnicity, and local competition, in what is being described as the biggest change in emphasis in ...


  
Banks facing £10 billion hit for "mis-selling" insurance 
Posted on  06-05-2011 08:10:41 AM (GMT +01:00)
Published By  City News Desk


City News Desk

Banks who were mis-selling pay protection insurance face a potential claim of £10 billion according to an admission by the Lloyds Banking Group who has said that it has more than doubled it original provision of £3.2 billion for any claims.


Dan ...

  
No rise in interest rates, Bank of England chief warns of risk to economy of hikes 
Posted on  03-05-2011 08:20:25 AM (GMT +01:00)
Published By  City News Desk



City News Desk

The Governor of the Bank of England Mervyn King has said that the high level of debts across Europe pose "massive" challenges, and if interest were to go up the problems would be made worse; signalling that the Monetary Policy Committee ...

  
UK economy grows by a staggering.....0.5 per cent 
Posted on  27-04-2011 12:58:38 PM (GMT +01:00)
Published By  City News Desk


City News Desk

The UK is not heading towards a double-dip recession according to official figures by the Office for National Statistics which has shown the UK GDP rise by 0.5 per cent.

The ONS said:

"Gross Domestic Product (GDP) increased by ...


  
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