Bovis Homes is cautiously optimistic; posts loss of £8.6m for H1

Bovis Homes, one of Britain's smaller house-builders, has reported a pre-tax loss of £8.6 million for the first half of 2009. Group's revenues plunged to 123 million pounds, down by 18 per cent.

Bovis Homes constructed 754 homes during the first half of the current year, down from 851 in the same period previous year.

However, Longfield, Kent-based Bovis Homes is "cautiously optimistic" as it has started witnessing signs of stabilization in the housing market. It has plans to buy more land.

Microsoft's increases EU Windows 7 prices

The software giant, Microsoft Corp. has decided to lift prices for non-upgrade editions of Windows 7 sold in European markets starting September 1.

Microsoft will end its offer that allows those purchasing Windows 7 in Europe to get the full version of the operating system for the price usually charged for the upgrade version.

But, only a small portion of the users will bear the heat as a major portion of users will upgrade copies of Windows XP or Vista, for which the prices will remain the same.

FTSE 100 touches 4896.23, a 10-month high

The comments last week by Ben Bernanke, United States Federal Reserve chairman regarding good prospects for a return to global economic growth in the near future has showed its impact on the FTSE 100 index of leading shares that soared to 4896.23, up 45.34 points, highest in the last 10 months.

Actually Ben Bernanke had said that America was on the brink of escaping world’s worst recession since Second World War. It was the biggest summer equity rally in London market since 1984, the year in which the FTSE 100 was opened.

Supermarket Chain Tesco creates 90 plus jobs

Tesco, the supermarket chain, has created more than ninety jobs at its outlet in east Belfast, Northern Ireland.

Tesco has received around 1,500 applications for the aforesaid jobs.

Tesco in Knocknagoney, which has been expanded from 52,000 to 78,000 sq ft, had absorbed supermarket chain's extra staff.

Gary Mills, director of Tesco Northern Ireland also informed that during the past six-month period Tesco's three Extra stores in Northern Ireland at Carrickfergus, Newtownbreda and now Knocknagoney had taken on 275 people. 

Lufthansa may sell BMI to Virgin

German airline Lufthansa is considering the sale of its loss-making subsidiary BMI after getting warnings of downgrade by the rating agencies.

Lufthansa, the second largest airline in Europe, owns 80 per cent of CASTLE Donington-based BMI.

Sunday Telegraph reported yesterday that Lufthansa may sell-off BMI in order to lift funds. Reports also indicated that Sir Richard Branson's Virgin Atlantic may purchase BMI.

Maserati GranCabrio to be unveiled on 15th September

After several mechanical make-ups, the Maserati GranTurismo convertible is going to be launched on 15th September 2009 at the forthcoming Frankfurt Motor Show.

The Maserati GranTurismo, company's first ever 4-seater convertible, is basically a GranTurismo with the roof removed.

Company's new car is powered by a 4.7-litre V8 unit with 433bhp. It is comparatively light in weight and is capable of pick a speed of 0-60mph in approximately 5.5 seconds with a top speed of about 180mph.