Manchester United has today reported a new record annual operating profit.
Revenue increased to £334.1m for the financial year that ended in June 2011, which is also a record, up £45m when measured against the previous year; the overall profit was £110.9m. Lastly, headline pre-tax profits came in at £29.7m, which ...
A man from Salisbury will be the first pilot for tourists flying into space.
David Mackay, aged 53, is Virgin Galactic's chief pilot. His employer, part of Richard Branson's expansive Virgin Group, aims to run the first-ever set of sub-orbital space flights for tourists within two years.
Mr Mackay, who gave 16 ...
Written by Steven Adams · Filed Under Business | Comments Off
Comparison website Carrentals.co.uk has waged war against car rental companies that offer inadwequate excess insurance cover.
The site’s drive involves it teaching tourists the best ways to make certain they never end up having to foot a £2,000 bill for the car they have hired. Disgruntled by car hire companies which continue to line ...
Written by Ben Lloyd · Filed Under Business | Comments Off
Apple has again been criticised for taking a 30 percent cut of newspaper subscriptions purchased via iTunes, this time by Vodafone. The mobile phone maker’s chief executive Vittorio Colao made the comments yesterday at the Mobile World Congress fair in Barcelona, Spain.
Colao described Apple’s iPad content as a “walled garden” ...
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A bank of Scotland report has revealed that The Scottish private sector economy returned to modest growth in January. The bank's seasonally-adjusted index, which monitors activity across Scotland's manufacturing and service industries, showed growth in both areas and a rise in new orders following severe the weather in December.
The chief ...
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EBay has claimed that its online payments unit PayPal will surpass its current marketplace division in three years, as the online auction site is cast as an innovator by executives. After the announcement at a meeting at the company’s headquarters in California, shares in eBay jumped nearly eight percent.
In the ...
Written by Alf Merrywaters · Filed Under Business | Comments Off
Online supermarket retailer Ocado Plc defied recent profit forecasts posting its first quarterly profit.
The grocer also said it would begin to rival heavyweights like Tesco and others more aggressively by stepping up its campaign to offer cheaper, more accessible groceries. Shares in the group rose sharply with the announcement, following ...
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A Barclays’ manager that used her access to the bank’s system to siphon thousands of pounds into her daughter’s account has been given a suspended jail sentence.
Janet Wylde, 56, used her position at an east London Barclays branch to help her debt-ridden daughter gain access to almost 17,000 pounds. Using ...
Written by Ben Lloyd · Filed Under Business | Comments Off
A firm is planning to establish the first plant in the UK to produce industrial chemicals from commercial and domestic waste. Solvert Ltd is looking to produce hydrogen, n-butanol and acetone from organic waste at a £100 million facility in the northeast of England. According to the company, the process ...
Written by Tiffany Williams · Filed Under Business | Comments Off
O2 has announced that it will close 40 stores in the UK as it restructures its managers into three categories. The move, which will see around 250 staff made redundant, is part of a major cost-cutting exercise by the mobile phone retailers.
However, 250 Guru posts are expected to become available ...
Written by Ben Lloyd · Filed Under Business | Comments Off
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