And in the real world... BSkyB, Burberry, Lloyds Banking Group and more.
By Matt Williams, campaignlive.co.uk, Thursday, 15 October 2009 08:00AM
LONDON - Today's round-up of the biggest business stories.
BSkyB has entered into a partnership with IP Vision, the UK-based television platform, which will allow consumers to receive Sky programming without the need for a satellite dish. Sky channels including Sky Sports and Sky Movies will be made available on IP Vision's Fetch TV set-top box, which is operated through a broadband internet connection. Source: The Guardian
Burberry, the upmarket fashion brand, has reported that sales for the second quarter of 2009 have increased by 5 per cent year on year to £343 million. Source: The Independent
Lloyds Banking Group is set to receive another £5 billion of taxpayers' money in order to help further shore up its finances. Source: The Guardian
The UK arm of Joost, the online video service founded by the people behind Skype, has been put into liquidation after failing to find a buyer. Source: Financial Times
Diageo has reported a larger-than-expected 6 per cent fall in net sales for the first quarter of this year. The beverage brand blamed the decline, which was expected to be no more than 3 per cent, on distributor destocking in the US. Source: Financial Times
PepsiCo has agreed a procurement deal with Anheuser-Busch, the US brewer, in an effort to help cut costs by purchasing items such as office supplies and computers. Source: Financial Times
This article was first published on campaignlive.co.uk
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