Petrol Price Rise On Way As 'Floodgates Open'

Petrol prices are set to rise by up to four pence a litre in the next few days, retailers have predicted. The rise was forecast by the Petrol Retailers Association (PRA), and would add around £2 to the cost of filling a typical family car. It comes...

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Nick Clegg Suggests Coalition Cut Too Deeply

Deputy Prime Minister Nick Clegg has appeared to admit that the coalition cut spending too deeply when it took power. Speaking ahead of the release of figures that are expected to show a fresh contraction in the UK economy, he said ministers had "comforted"...

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Samsung Q4 Profits Surge 76% Over Smartphones

Samsung has seen its quarterly profits soar by 76%, boosted by the popularity of its Galaxy smartphones, which have outsold the iPhone for a fourth straight quarter. Net profit for the final quarter of 2012 totaled 7.04 trillion South Korean won (£4.1bn),...

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Spain: Unemployment For Under 25s Hits 60%

Unemployment in Spain for people under the age of 25 has now reached 60%, according to officially released figures. Overall, Spain's unemployment rate soared to its highest level since measurements began in the 1970s as a prolonged recession and...

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Apple Reports Quarterly Revenue Of $54.5bn

Apple sold 47.8 million iPhones in the last quarter of 2012 and its revenues rose to $54.5bn (£34.4bn) - but the numbers fell short of its targets. Revenue for the first fiscal quarter of 2013 - the key Christmas shopping period from October 1 to December...

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EasyJet Revenue Jumps 9% In Last Quarter

Low cost airline easyJet has seen total revenue for the last three months of 2012 rise by 9.2%, up to £833m. Total revenue for its first quarter reporting period, ending December 31, was £833m. The airline also reported that passenger numbers were...

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Old Fashioned Con Artistry Makes A Comeback

Traditional con artistry is making a comeback with cheque and procurement fraud as well as Ponzi scams on the rise. While the spotlight has been on rogue traders and 'super' fraud cases in recent years, KPMG has found a surge in the number of individuals...

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Mackerel Removed From 'Sustainable List'

Mackerel has been taken off a list of sustainable fish to eat regularly, amid a fear of overfishing. The Marine Conservation Society (MCS) said it downgraded mackerel and the fish, renowned for its omega 3 content, should only be eaten occasionally....

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Rose Replaces Grade As Ocado Chairman

By Mark Kleinman, City Editor Sir Stuart Rose is to stage a dramatic stock market comeback after he was appointed today as the new chairman of Ocado, the online grocer. I exclusively revealed that Ocado would announce Sir Stuart's appointment as...

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