BT brings WiFi to the Tube

October 29, 2010

Charing Cross will be the London Underground’s first recipient of WiFi services for busy UK commuters. Beginning next week, BT will launch its BT Openzone service for a six-month pilot of the new wireless system. Although there will be no access on the actual trains, commuters waiting to take the Northern ...

Retailers slash prices in time for holidays

October 28, 2010

As the Christmas holidays quickly approach, retailers across the UK are already beginning to slash the prices on kids’ favourite items. Sainsbury’s has jumped head first into the discount competition cutting its best-selling toys by nearly 50 per cent. The supermarket giant’s first holiday sale begins today and will run for ...

RBS abolishes interest on overdraft fees

October 27, 2010

Royal Bank of Scotland has come under fire after accusations that the banking group is allowing the poor to accrue ‘unmanageable debt’ in the wake of overhauls to its unauthorised overdraft fees. The financial group will replace its existing charges for current-account holders that have gone into the red for a ...

Sainsburys to invest £40m towards sustainable farming

October 26, 2010

Sainsbury’s will invest £40m under a new scheme designed to boost local farming during the next three years. Following talks in Stoneleigh, Warwickshire with the grocer’s farmers and growers, the decision to fund new projects and help the struggling industry was made. Dubbed the ‘Farming for the Future’ conference, it marked ...

BSkyB reaches 10 million customer milestone

October 25, 2010

Popular UK broadcaster BSkyB reached the 10 million subscribers mark after revealing profit increases for its latest quarterly financial postings. In the three month-period leading to 30 September, the network provider successfully signed up 96,000 new customers to one of their package deals. The figures, which are almost 30,000 subscribers more ...

High Court rules BT covered under Crown Guarantee

October 22, 2010

The High Court has ruled that the government must back the entirety of BT’s pension scheme in case the firm goes bust. The decision makes clear the scope of the ‘crown guarantee’, which went into affect in 1984 during privatisation. BT said that the court’s judgement will guarantee that members that ...

Kent police hunt down trolleys for Tesco

October 21, 2010

A police force that has announced it will lay off 500 officers ordered two officers to hunt down lost supermarket trolleys. The uniformed duo accompanied a local city council worker during the task, which was justified using road safety issues. During the operation, the trio recovered 43 trolleys during a two-hour ...

UK disposable incomes down again

October 20, 2010

In its nine consecutive drop, disposable family incomes in the UK continue to be on the decline. Research has shown that the typical family is now £4 per week worse off than the same time last year, says UK grocer Asda. People now have an average of £177 each week to ...

HSBC drops bid for Nedbank in South Africa

October 19, 2010

UK banking giant HSCB has ended talks with Old Mutual over a proposed buy out of South Africa’s fourth-largest bank, Nedbank. According to the banking group, it has abandoned its plans to purchase the insurer’s South African arm. HSBC did not disclose the reason for dropping the bid. Old Mutual stated that ...

Shareholders for Lloyds join to take legal action

October 18, 2010

Shareholders that lost out on investments when Lloyds TSB bank group merged with Halifax Bank of Scotland will hold a protest demonstration in Edinburgh. Lloyds Action Now (LAN) has contacted over 20,000 private investors and filed legal claims against the government as well as than bank group’s directors. According to LAN, ...

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