Business news blog


Man charged with Celebgate hacks

A US man is charged with hacking the Apple iCloud and Gmail accounts of celebrities and stealing nude photos and videos from them.

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Pound drops after UK industrial output falls in November - BBC News


BBC News

Pound drops after UK industrial output falls in November
BBC News
The pound has hit a five-and-half year low against the dollar after weak UK industrial production data. At one point the pound traded at $1.4408, down a cent and a half, before recovering a little to trade at $1.4415. Industrial output fell 0.7% in ...
Mild Weather Hits Britain's Growth HopesManx Radio
Pound plunges to five-year low on 'rubbish' UK manufacturing performanceTelegraph.co.uk
manufacturing sector in recessionFinancial Times

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Leaving London 'was bad for UK stats'

Sir Charlie Bean's interim review of UK economic statistics says the Office for National Statistics needs more staff in London.

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John Lewis is taking a huge ?60 million pension hit - Business Insider


Business Insider

John Lewis is taking a huge ?60 million pension hit
Business Insider
If the discount rate goes down, the estimate of returns goes down, and the company needs to put more cash into the pension plan to ensure there are enough assets to generate the eventual return needed. John Lewis' discount rate fell from 1.1% at the ...

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