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Vodafone set to pay £350m to Indian tax authorities

November 16, 2010

After three years of legal struggles, the latest decision in Vodafone’s Indian tax dispute will see the firm pay £350m in fees. According to the court, the UK telecom firm will have three weeks to pay the amount in total, after its latest loss in the court battle over capital ...

Tesco takes new approach to overtime

November 15, 2010

Tesco is famous for its slogan ‘every little helps’. True to the popular retailers motto, the firm has begun a new overtime scheme modeled after that very sentiment. Tesco’s new employee work programme, called ‘slivers of time’, allows employees to sign up for four-hour shifts of overtime and work at either ...

Gifted offers 10% off through discount vouchers

November 12, 2010

With the holidays approaching quickly, UK retailers have already started to launch Christmas deals. Get a head start on holiday shopping with the latest offer from discountvouchers.co.uk. In an exclusive promotion, discount vouchers is featuring 10 per cent off toys at Gifted.com This limited time voucher can be used to get 10 ...

M&S looks to downplay reliance on UK economy

November 11, 2010

Marks & Spencer is gearing up for an expansion drive that would shift the retailer’s dependence on the UK market to a more comprehensive global sales base. According to the retailer, its strategic review, submitted by newly elected chief executive Marc Bolland, will see the retail chain double its online revenues ...

Asda and Sainsbury ready for holiday season

November 10, 2010

With Christmas on the horizon as the austerity budget gets ready to kick-in, UK retailers Asda and Sainsbury’s have said they anticipate increased spending during the peak holiday season. According to Wal-Mart-owned Asda and Sainsbury’s, shoppers are not likely to pinch pennies when preparing the traditional Christmas dinner. Verdict Research predicted ...

Sky brings in 10 million customers

November 9, 2010

BSkyB, one of the UK’s most popular satellite providers, announced it had reached its milestone goal of 10 million subscribers. The satellite broadcaster, which was launched in 1989, has since enjoyed widespread success. The company now operates in 36 per cent of UK households as one of the country’s preferred network ...

Thompson apologises for signing Vince Cable letter

November 8, 2010

Mark Thompson, BBC’s director-general, has been forced to issue a public apology after signing a petition sent to Vince Cable, business secretary, without informing the BCC Trust. BBC senior trustees called Thompson into a meeting on 21 October over concerns that the director-general had acted inappropriately. In a partial release of ...

BT changes pension payments to cut deficit

November 5, 2010

A new bid from BT will see ₤2.9 billion cut off of the communication firm’s pension deficit. In a recent announcement, the company said that it would shift its pension payment schedule reducing the projected deficit for the scheme to ₤5.2 billion from ₤7.9 billion. However, unions for communication workers have ...

Ministry of Sound net piracy setback after BT data deleted

November 4, 2010

The Ministry of Sound has hit a major snag in its attempts to target illegal music sharers after BT reportedly deleted 80 per cent of the data needed by the record label to make a case. According to solicitors for the popular record makers, information on thousands of alleged uploaders had ...

Kodak recovers from 2009 profit loss

November 3, 2010

Kodak published its third quarter reports today, revealing a significant rise in profits for the company’s digital businesses. Numbers for the company show that the firm enjoyed considerable success in the digital arena this year. Improvements to operating efficiency combined with the completion of its most recent property licensing agreement, led ...

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