And in the real world... Tesco, LVMH, RBS, Primark and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The retail price index fell below zero in March for the first time in almost 50 years in a sign of rising deflationary pressures. The RPI dropped to -0.4 per cent, the Office for National Statistics said.
Source: FT

Sir Terry Leahy, the chief executive of Tesco, which posted record profits yesterday, signalled the worst of the UK economic downturn may be over.
Source: The Independent

LVMH has indicated it may be willing to sell all or part of its stake in its wine and spirits business Moët Hennessy to partner Diageo. Source: FT

Royal Bank of Scotland has imposed massive interest rate hikes on credit-card holders, according to a survey.
Source: The Independent

The New York Times Company saw year-on-year advertising revenues fall 27 per cent in the first quarter of 2009.
Source: The Guardian

Primark posted first-half profits up by 10 per cent to £122 million, while Burberry said that store-based like-for-like sales grew by 3 per cent in the three months to the end of March.
Source: The Times

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).