News
Blockbuster UK to close 164 stores
Ailing video retail business Blockbuster UK has announced the closure of 164 stores in the coming weeks. Due to increasing competition from online firms, only 204 stores from a portfolio of 528 at the start of the year will remain. Administrators confirmed that the [Read More]
Barclays to cut 3,700 jobs
Barclays boss, Antony Jenkins, has announced that 3,700 jobs are going to be lost in order to try and reduce expenditure by an estimated £1.7 billion. The bank employs 140,000 members of staff, but maintains that very few job cuts will be taking place in the UK. Instead [Read More]
Online sales figures hit all-time high
Figures reviewing online sales in the Christmas period in Britain have revealed a 16.4% increase in the number of people shopping online compared to last year. The figures, released by IBM as part of their Smarter Commerce initiative, showed that there was a 45% increase in [Read More]
Pope Benedict XVI shockingly resigns
In a move that has shocked Catholics and non-Catholics alike, Pope Benedict XVI has announced his decision to resign as head of the Catholic Church. Citing ailing health and old age as key factors behind his decision, Benedict stated: “I have come to the certainty that my [Read More]
Associated British Foods caught in Zambia tax avoidance
Associated British Foods (ABF), who own Silver Spoon, Kingsmill and Twinings Tea and is Europe’s biggest supplier of beef, has been caught avoiding tax payments in one of its subsidiaries in the southern African state of Zambia. Zambia Sugar, ABF’s African firm, has [Read More]
Ofcom rules against hate preachers on British TV
Ofcom, the communications watchdog, has incited a series of rulings against so called “hate preachers” on British television. Several cases have been investigated by the regulators, comprising of mostly Muslim broadcasting bodies, and there have been some “serious” [Read More]
Month-old baby attacked by fox while sleeping
Police are now running an investigation after reports that a one-month-old baby was attacked by a fox in his home in Bromley, south-east London on Wednesday afternoon. The mother ran into her baby’s room after she heard a “piercing scream then a heavy thud” and got in [Read More]
Former boss of Next and JJB charged with forgery
The UK Serious Fraud Office (SFO) has charged the former chairman of JJB Sports Plc, Sir David Jones, and his son, Stuart Mark Jones, with three accounts of fraud. David Jones, executive chairman of the company between 2009 and 2010, has been charged with one account of [Read More]
Lowest number of homeowners since 1987, government reports
Home ownership, according to government figures, has fallen to its lowest level since 1987. The number of homeowners in the UK accounts for 14.39 million, but the 65.3% overall level of those who own their properties is the lowest proportion recorded since Margaret [Read More]
Huhne left wife “absolutely no choice” but to take speeding points
Chris Huhne’s ex-wife, Vicky Pryce, has claimed that her ex-husband left her with no choice but to take speeding points on his behalf in 2003, in order to save him from a driving ban. In Southwark Crown Court she told how she had initially refused to take the points, but [Read More]
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