Vodafone has announced plans to cut a further £1 billion in costs after reporting a sharper-than-expected reduction in its profit margins. The mobile phone operator attributed much of the fall to growing competition in the Indian market.
Source: Financial Times
Waitrose has been named as the fastest growing supermarket chain, thanks to a 12.3 per cent increase in sales over the past year. Tesco has also managed to raise its share in the grocery market for the first time in nearly two years.
Source: Guardian
HSBC has raised hopes that the worst of the economic crisis is over after reporting that its profits for the first nine months of this year were better than expected.
Source: Daily Telegraph
Tesco has signed a deal with DreamWorks, Stephen Spielberg's film studio, to sell the Christmas film Merry Madagascar, the follow-up to Madagascar and Madagascar: Escape 2 Africa.
Source: Daily Mail
