Business News

Fourth Year of Enterprise Week – 12-18 November 2007

Fourth Year of Enterprise Week - 12-18 November 2007Over the course of Enterprise Week over half a million young people aged between 14 and 30 will have the opportunity to see how exciting and fulfilling entrepreneurship can be. (The Mail on Sunday - Financial Mail - 11 November 2007).With Government backing, Enterprise...
Business News

Microsoft buys into Facebook

Microsoft buys into FacebookMicrosoft has successfully outbid Google Inc to buy a 1.6% share in Facebook, the social networking site, for a reported £117 million. Facebook had previously rebuffed a $1 billion takeover offer last year from Yahoo.Microsoft currently provides banner advertising and links on the US site but as...
Business News

Royal Mail Strike – End in sight

Royal Mail Strike - End in sightThe executive of the CWU (Communication Workers Union) agreed on 22nd October to back a deal with the Royal Mail.The offer includes a 6.9% pay increase over 18 months and is being put to a ballot of CWU members.If the members accept the offer,...
Business News

Promoting Sustainability or Promoting Sainsburys?

Promoting Sustainability or Promoting Sainsburys?Marks & Spencer, Sainsbury's and Waitrose have come out joint top in a study of the UK's most environmentally-friendly supermarkets by the National Consumer Council (Brand Republic, 15th October 2007). It seems that Sainsbury's is trying to maintain this strong green stance. This week the supermarket...
Business News

Cadbury Schweppes Cutbacks

Cadbury Schweppes CutbacksBy Guest Writer Henry Hodges (Year 13)The well-known confectionary producer Cadbury Schweppes has recently announced a series of cutbacks including the closure of its Keynsham factory, which is located near Bristol a move expected to result in the loss of around 500 jobs (BBC, 3rd October 2007). The closure...
Business News

The Sub-Prime Mortgage Market

The Sub Prime Mortgage MarketAdapted from a news item from Alex Chan (Year 13)What is this sub prime mortgage market we keep hearing about in the news? Sub-prime mortgages are those sold to people with poor credit histories and thus a greater chance of defaulting. They are associated with higher...
Business News

Changes to the External Environment

Changes to the External EnvironmentThere are potentially significant changes affecting transport costs for consumers and businesses this week. Oil prices have recently reached record price levels, breaking the $83-a-barrel mark on Friday 28th September (BBC, 28th September 2007). In addition, UK fuel prices are set to increase as a 2p...
Business News

The impact of ageism laws

The impact of ageism lawsOn 1 October 2006 the Employment Equality (Age) Regulations came into force in the UK.This was hailed as one of the biggest changes to employment law in the last 25 years, making it unlawful to discriminate against workers under the age of 65 on the grounds...
Business News

The Continuing Success of the iPod

The Continuing Success of the iPodBy Guest Writers Ronald Tong and Ryan Wong (Year 13 students)Back in 2001, Steve Jobs announced 'listening to music will never be the same again' and launched the iPod.It notched up healthy worldwide sales of 400,000 units in its first year, but at that time,...
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