» Premier Foods to close 6 plants, cut 600 jobs
Written by : Paco Tyee |  Published on : 23:27:00EST Tue, 03 Jul 2007

Britain's Premier Foods Plc is closing six plants and cutting some 600 jobs, the company announced Monday. The plants are located at Ledbury in Herefordshire and in Bristol, Reading and Manchester, which will be shut down in a phased manner by 2009.

» iPhone gets off to a good start in spite of activation glitches
Written by : Waddah Yaman |  Published on : 11:39:00EST Tue, 03 Jul 2007

American mobile service provider, AT&T has announced nearly 100 percent sales of iPhones in its stores across the country, stating that most of the initial stock has been grabbed up by expectant customers who had lined-up before the gadget's launch on Friday evening.

» U.K. house prices rise 1.1 per cent in June
Written by : Paco Tyee |  Published on : 10:48:01EST Fri, 29 Jun 2007

LONDON: The U.K. house prices rose 1.1 per cent in June -- the highest rate since December 2006 -- in spite of the high interest rates and bad weather prevailing in the country.

» Visa to be FIFA partner for 8 years
Written by : Paul Robinson |  Published on : 05:03:00EST Fri, 29 Jun 2007

Bank cards operator Visa International will be a sponsor for the 2010 and 2014 World Cup football events. A deal to this effect has been concluded by the firm and FIFA under which VISA will become the sixth FIFA partner with worldwide rights to the soccer federation's competitions during 2007-2014.

» Apple announces service plans for iPhones
Written by : Waddah Yaman |  Published on : 08:51:00EST Wed, 27 Jun 2007

Apple announced new details of its iPhone service, a day before its launch in the United States. Three service plans were announced by Apple and AT&T, which the provider says will be affordable by all.

» Internet radios to observe 'Day of Silence' to protest rate hike
Written by : Paul Robinson |  Published on : 10:42:00EST Tue, 26 Jun 2007

The SaveNetRadio Coalition has announced that Internet broadcast stations across US will observe a day of silence in protest against the recent price hike by the Copyright Royalty Board (CRB).

» Pound rises above $2 mark for the second time
Written by : Paul Robinson |  Published on : 12:21:00EST Mon, 25 Jun 2007

The pound continued to strengthen against a faltering dollar following the release of minutes of the Monetary Policy Committee meeting in June on Wednesday, rising above the $2 mark for the first time in two months.

» Nintendo overtakes Sony in market cap
Written by : Paco Tyee |  Published on : 09:33:00EST Mon, 25 Jun 2007

Nintendo Co. Ltd., maker of the Wii gaming console, became one of the top 10 most valuable companies in Japan Monday when it outstripped electronics major Sony Corporation in market capitalization.

» Tesco sales slow down in Q1
Written by : Paco Tyee |  Published on : 09:57:00EST Tue, 19 Jun 2007

The U.K. supermarket chain Tesco Plc said its like-for-like sales excluding fuel rose 4.7 per cent during the first quarter of the current fiscal that ended 26 May, which is marginally lower than the rise in the previous quarter.

» BUPA to sell its hospitals to Cinven
Written by : Paul Robinson |  Published on : 08:27:01EST Mon, 18 Jun 2007

British United Provident Association Ltd. (BUPA) is selling its 25 U.K. hospitals to private equity firm Cinven Ltd for 1.44 billion pounds. BUPA is now focusing on its core insurance business.