Despite the icy rain that poured down in Helsinki, thousands of Nokia shareholders made it out to cast their vote about what should happen the Nokia. The crowd definitively agreed that the mobile company should be sold to Microsoft. At one point in time Nokia was a dominate force in phone manufacturing, but after today […]
Category: Business deals
New jobs at Manchester Airport thanks to Chinese venture
A joint venture with a Beijing company will result in a great boost to Manchester Airport of £800 million, resulting to creation of 1600 jobs. The Beijing construction Group Company will work with the Manchester Pension Fund and Carillion PLC to ensure the Airport city project is successful. Considering that Manchester has the third busiest […]
Centrica set to go ahead with controversial plans for gas storage units
Centrica, the company who owns energy giant British Gas, has gone against its word to build two new gas storage facilities. The move seeks to reduce the UK’s dependency on gas imports and increase self sufficiency. The two storage facilities were to be built in the strategic areas of the North Sea, off the Norfolk […]
Ulster Bank plans biggest chain of hotels in Ireland
Ulster Bank invested a lot of its money in hotels during the boom period but now cannot take this money out because of oversaturation of the market. The bank has however come up with an ingenious idea to have a chain of hotels of its own. This will be the largest chain of hotels in […]
UK wind farm project gets massive cash boost from Swedish company
Britain’s biggest onshore wind farm project will be ready soon, thanks to the efforts of the Swedish government that will be pouring hundreds of millions of pounds into the project. To be specific, it’s going to be £460m that Vattenfall, the state owned company will be investing in two projects in the UK. To be […]
Burberry enjoy a rise in pre-tax profits
Burberry, the luxury goods retailer, has posted a substantial increase in this year’s pre-tax profits. 14% of this is attributed to the growth in Asian markets, where it has been increasing its presence. Although analysts had predicted profits of £415m, the group, well known for its camel, red and black checked-lined coats, posted a pretax […]
First green bank allocates £635m to funding
British based GIB, or Green Investment Bank, is the first bank in the world that is solely focussing its lending on clean energy projects, and it has just announced that during its first 5 months of operation it allocated £635 in funding. The bank first opened last November, is backed with £3bn capital from the […]
Pearson College and Mumsnet team up for new online business course
Mumsnet and Pearson College have teamed up in order to create a new online business course that lasts eight weeks and is designed to help entrepreneur mothers learn how to get a hand up on their own business. The course will be offered for the first time in April and the initial charge will be […]
Dragon's Den star hopes to breathe new life into Jessops
Peter Jones, the star of Dragons’ Den, is hoping that he can bring back the dying camera chain Jessops after the brand went bankrupt back in January. His first move was to hire back 300 staff members that originally were made redundant when the chain went bankrupt. However, while some of the judges on Dragons’ […]
Shares fall in dating website Cupid
Ironically, during the week prior to Valentine’s Day investors seem to have decided that a website that plays match maker is not for them as the dating website Cupid has seen its shares drastically drop. In fact, the company shares are down 1p and the company lost almost an entire quarter of its value at […]