BT ends graduate recruitment programme

Telecom giant BT has scrapped its graduate recruitment scheme, adding to the worries of job-seekers leaving universities.

UK's fixed-line telecom provider has held economic downturn responsible for its recent move.

Company's business came under pressure recently when it posted 3 per cent decline in earnings to 1.37 billion pounds for the three months ended June 30.

Earlier in 2009, the company slashed its dividend after posting a fall of 45 per cent in pre-tax profits to 272 million pounds.

Supply shortage of certain medicine causing “extreme distress” in patients

According to a recent survey published on the website of Chemist & Druggist, as many as 50 out-of-stock medicines have become a reason for "extreme distress" for patients, who are facing inconvenience due to the shortages in supply.

In the nearly 150 community pharmacies surveyed, almost one-third reported that patients have been troubled by the shortfall of certain medicines, including those for breast cancer, blood clots, and antidepressants. Nearly 90 of respondents stated they were "very concerned" about the short supplies.

New EU rules ban marketing of sugar-rich cereals with bogus health claims

As per the new European Union (EU) rules, there will be a ban on sugar-rich breakfast cereal firms and other manufacturers with regard to marketing their products as health foods, thereby preventin

“Fat blind” Britons unaware of how “big” they have become!

According to a recent research by WeightWatchers, Britons have a so-called "fat blindness" over the state of their health, in spite the explicit fact that, on an average, they are showing an almost one-pound increase in weight every year!

European stocks mark highest closing since early November

European Shares traded higher on Friday and managed their highest close since early November. Investor sentiment was lifted by better-than expected U. S. July existing homes sales. The major gainers were the banking stocks.

The closing of the FTSEurofirst 300 index of top European shares came at 2.3 percent at 966.87 points. It should be noted that index apart from being up about 16 percent for the year, has hiked almost 50 percent since reaching a lifetime low in early March.

Bank of England should review its QE program

The Bank of England has come to the conclusion that the quantitative easing program has showed little signs of improvement as the amount worth £125 billion put so far into the economy came back to bank via investors.

The Bank said the money received from the sale of gilts is being spent on the purchase of bank shares rather than buying other assets. Investors' this step kept the broad money within the banking sector.