Featured

FCC to review wireless industry

The Federal Communications Commission said on Thursday that it would review the practices of the wireless industry and for the same; the commission has sought comments from the public over the Internet services being provided to the customers.

The FCC has issued a notice on www. fcc. gov, commission's website.

The FCC has been drafting a national broadband plan, which will be tabled before the Congress in February.

Cineworld’s first half profit rises by 33%

British cinema chain, Cineworld reported a 33 per cent increase in its profits for the first half of 2009 owing to blockbuster hit such as Slumdog Millionaire.

Pre-tax profits of the company stood at £11.6 million for the 27 weeks to July 2, 2009, up from £8.7 million for the corresponding period in the previous year.

Box office receipts were recorded at £111.4 million, up 24.3 per cent as compared with £86.9 million last year.

Darling supports Tesco’s move to create 800 jobs

The supermarket chain Tesco said it will generate around 800 jobs in Glasgow by opening a new customer service centre for its Tesco Personal Finance division.

British govt. has been encouraging banks to boost lending in order to revive the economy.

Last summer, Tesco had purchased Royal Bank of Scotland's shares worth £950 million. Now, Tesco has plans to set up bank branches in its thirty stores.

Tesco's recent move has been supported by Chancellor Alistair Darling.

British debt rises to £8bn in July

Alistair Darling is seeing a tough time ahead as figures compiled by the Office for National Statistics revealed that public sector net borrowing was £8 billion in July as compared with a repayment worth £5.2 billion for the same period a year earlier.

As the economic downturn has hit tax revenues, Chancellor Alistair Darling feared that net borrowing over the year as a whole would reach £175 billion.

London restaurants dare recession

Harden's London Restaurant Guide has unveiled an astonishing fact that restaurant-industry has been defying recession as restaurant-closures remained at their lowest during the past 12 months since 2000.

The review by Harden's London Restaurant Guide found that 64 London restaurants closed in the past one year, much below the usual annual level.

On the other hand, there were 121 new restaurant openings during the same period.

The price of dining out soared to £40.73 per head, signifying an increase of 1.6 per cent.

Silverfleet Capital acquires Kalle for £183m

London-based private equity firm Silverfleet Capital has acquired Kalle, a Germany-based manufacturer of artificial sausage casings plus sponge cloths, for €212.5 million.

Silverfleet Capital has acquired Kalle from Montagu Private Equity. Originally, Montagu Private Equity had acquired Kalle from CVC Capital Partners in 2004.

Kalle, which is one of the top five global producers of artificial casings for sausages and possesses plants in Hungary, Germany, the Czech Republic and the like, provides employment to about 1,200 people.

Pages