Virgin Media, in its efforts to keep up with the growing demands of the changing times, has announced the launch of its high-speed broadband service for mobile phones, which will reportedly offer speeds of up-to 7.2Mbit per second.
With the introduction of the new service, Virgin's currently offered speed of 3.6 Mbits per second would be doubled, and the broadband will use the High Speed Downlink Packet Access technology on T-Mobile's 3G network, giving it coverage of nearly 85%.
Last week, the mobile handset manufacturer Sony Ericsson had to face a tough time, with its two newest smartphones, Satio and Anio, developing technical issues, and Carphone Warehouse and Phones 4U, UK's biggest retailers of handsets, suspending the Satio. But now the company has announced that the device has received a firmware update and is as good as new.
The touchscreen problem, which led to its suspension and Ericsson pulling it off the shelves that Satio was facing, has now apparently been fixed.
UK pub owner Marston’s has reported improvement in trading during eight weeks ended November.
Marston’s, which operates Tavern Table and Pitcher & Piano pubs, said like-for-like sales jumped 3.1 per cent during October and November as compared with an overall fall of 0.6 per cent in full financial year ended October 3.
Like-for-like sales at tenanted as well as leased pubs soared 5 per cent during the same period.
However, the pub & brewing company is cautious about future.
Aer Lingus, the Irish flag carrier, warned that more than 1000 workers could lose jobs after the airline failed to reach an agreement with trade unions on its cost-cutting measures.
Struggling Aer Lingus had proposed to make changes in working conditions, slash staff and hack the pay of those earning more than €30,000 annually.
Chief executive of the company Christoph Müller said the airline would immediately commence cutting routes and ordering compulsory redundancies.
To ensure that it is way ahead of its competition, essentially Peet's Coffee & Tea Inc., in acquisition of Diedrich Coffee Inc., the maker of single- serves coffee packets, Green Mountain Coffee Roasters Inc. has, for the second time since the bidding started, raised its offer to a new high of $290 Million.
In a recent development, communications regulator Ofcom has announced that it might allow BT to hike its rates for wholesale customers, like BSkyB and Carphone Warehouse, to help it make up for its 9.4 Billion Pounds worth of pension deficit.
Yesterday, the group hinted that after it has finished reviewing that whether or not BT's wholesale prices should be affected by deficit payments, there is a chance that wholesale prices might be hiked by as much as 4%.
Yorkshire and Chelsea, UK's second and fifth largest buildings societies, respectively, have revealed that they are in "advanced talks" about a possible merger, post which both the firms will join to create the "second large mutually owned mortgage and savings institution" to arch rival Nationwide, which currently boasts being the largest building society in Britain.
Currently, Yorkshire has 2 million members and 143 branches, and Chelsea, on the other hand, has 35 branches and about 700,000 members.
Virgin Media introduced a new mobile broadband dongle that increased the speed up to 7.2Mbps. Virgin’s previous dongle was providing a speed of 3.6Mpbs.
Virgin claimed that its new dongle would allow its mobile broadband customers connect quicker and anywhere.
Virgin further added that improved speed would allow consumers to get access to their favorite TV shows as well as Youtube clips in much shorter time.
Greene King, Britain's fourth-largest pub company, has plans to expand by making new acquisitions after reporting a rise of 3 per cent in half-year profits.
Greene King disclosed yesterday plan to acquire seven pubs in Scotland from Mitchells & Butlers in a deal worth £12.7 million.
Earlier in July, Greene King had acquired 11 pubs from Punch Taverns for £30.4 million. Now, the company is in talks to acquire more assets.
Pubs chain JD Wetherspoon announced on Tuesday it plans to open 250 new pubs over the next five years in a move that would create 10000 jobs.
JD Wetherspoon said it would invest 250 million pounds in the new pubs over the five year period.
Speaking on the decision, Wetherspoon's chairman Tim Martin said, “Our pubs are extremely popular and we wish to build on their success by opening more.”
Tim Martin further added that falling property prices due to recession provided Wetherspoon with an opportunity to expand.
On Tuesday, renowned French bank BNP Paribas hiked its savings target post the acquisition of Belgian lender Fortis, to 900 Million Euros ($1.35 Billion) by 2012, stating that it now expects even more annual synergies than before.
Plans to take over the entire Fortis firm were announced by BNP Paribas last year in October, along with an annual saving target of 500 Million Euros by 2011, the same has now been raised on the back of better economic conditions.
French media firm Vivendi is currently facing a regulatory probe in Brazil as a result of its purchase of stake in the telecom company GVT, right after the media giant increased its stake in the company through private stock purchases on Tuesday.
JD Sports Fashion has been reporting positive sales for quite some time now. In September, the company shared positive like-for-like sales for 32 weeks up-to September 12. While a 0.5% improvement was recorded for Sports Fascias, Fashion Fascias registered a 2.0% improvement in sales.
Latest data shared by the firm, of 11 weeks after that, has also recorded an improved sales figure for both the company's brands. Overall, the future of the group's retail arms looks very promising, especially after the recent fundraising helped strengthen JD's Sports Fascias brand.