Deflation hits UK retail sales

Fresh figures compiled by the British Retail Consortium suggested that food inflation slipped for the fifth consecutive month to 2.3 per cent in August as compared with 3.8 per cent in July.

UK retail sales dropped 0.1 per cent in August as compared with the same period last year, signifying weak consumer spending despite improved economic indicators.


Britain tumbles from 3rd to 11th position in graduation table

Despite the fact that Britain spends 5.9% of GDP on education, up from OECD average of 5.7%, Britain dropped from 3rd place in the university graduation rate table in 2000 to 11th position in 2007.

As per a fresh study by the Organization for Economic Co-operation and Development revealed that Britain is losing its position among the developed nations as far as education is concerned.

Class sizes in primary school of Britain are among the largest in the developed world.


Whitbread foresees pre-tax profits above market projections

Britain's leading hotel operator, Whitbread said it hoped full-year profits before tax would settle around £200 million as compared with earlier projections of £180-£195 million.

Company's statement that its Premier Inn chain would perform better in the coming months boosted its shares to touch £12.14, gaining over 18 per cent.

Pub-restaurants and Costa Coffee businesses have delivered strong results for the first half of the running year.


Whopping 21% stake in Eurotunnel to be taken by Goldman

For the first time in two decades, a large institutional shareholder will be held by the company that runs the undersea tunnel between England and France, after two funds handled by Goldman Sachs opted to convert their bonds in Groupe Eurotunnel into shares.


Interest rates might be kept at 0.5% by banks

The latest media reports say that, in order to keep interest rates low to give the region's economy some `breathing space', business leaders in Greater Manchester are calling on the Chancellor.

It is almost sure that the Bank of England will keep the base rate at 0.5 per cent on Thursday.



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