Christmas Crime Bonanza Could Cost UK 1 Billion
Shoplifting is often considered a victimless crime; however research shows this isn’t the case, and the economic effects of shoplifting during the Christmas period are massive.
BT Agrees to Talks Over $19.5 Billion EE Mobile Deal
BT, the U.K. telecoms giant, has announced that it has entered into exclusive talks with Deutsche Telekom and Orange to acquire their mobile business EE, a move which is set to spark a wave of consolidation in the U.K. telecoms market. BT announced in a statement that key terms would include a purchase price of £12.5 billion ($19.5 billion). "The proposed acquisition would enable BT to accelerate its existing mobility strategy whereby customers will benefit from innovative, seamless services that combine the power of fibre broadband, Wi-Fi and 4G," the company said in a statement. "BT would own the UK's most advanced 4G network, giving it greater control in terms of future investment and product innovation." The exclusivity period would last several weeks, BT said in the statement, in which time the UK telecoms giant would complete due diligence and conclude negotiations. BT was also in negotiations with Telefonica over its mobile arm O2, which may now become the focus of other takeover deals. Consumers are increasingly interested in so-called "quad play" deals, offering television, internet, landline and mobile phone contracts in one package. In the U.K., Virgin is the only phone company currently offering these deals, but BT, the country's biggest telecoms company, is expected to start following the deal with Deutsche Telekom and Orange. SOURCE: http://www.cnbc.com/id/102267602
GROW:OffshoreWind delivers £7m boost to the offshore wind sector
Bosses at the GROW:OffshoreWind service made the announcement at a recent supplier event to promote the £1.5bn Dudgeon Wind Farm project in Norfolk.
IKEA to Open First Store in Korea
Global furniture giant Ikea opens its first store in South Korea on Thursday (Dec 18), a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
Ben & Jerry’s Turns Ice Cream into Energy
Ben & Jerry's has become the first ice cream company in the world to power one of its factories using the by-products of ice cream.
Total CEO de Margerie Killed in Moscow Plane Accident
The Chief Executive of Total, Christophe de Margerie, was killed in an airplane collision at Moscow's Vnukovo International Airport.
Nokia Brand Name to be Phased Out by Microsoft
Microsoft is ditching the Nokia brand name from new devices, less than a year after acquiring the Finnish mobile firm.
Toyota Global Sales Rise 2.8% in Tight Race vs VW
Toyota Motor Corp. said global sales climbed 2.8 percent in the first nine months of this year as the carmaker battles Volkswagen AG.
BMW up as SUV Demand Outpaces Electric Cars and Mini
German luxury carmaker BMW said its third-quarter operating profit rose 17 percent, ahead of forecasts, helped by cheap fuel prices.
Corporates Missing Out on Over £63 Million of Energy Savings
Utilitywise has issued a warning that the business impacted may be missing out on over £63 million of energy savings.
