And in the real world... easyJet, HMV, British Airways and more

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

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

The HMV Group has bought a 50 per cent stake in the music download website 7digital in a deal worth £7.7 million in cash. HMV hopes the deal will help it improve its catalogue of online music as well as the quality of its websites. Source: Financial Times

British Airways is suffering significant falls in first- and business-class passenger numbers, with premium traffic in August dropping 11.9 per cent year on year. Meanwhile, its economy-class footfall increased just 1.3 per cent, while travel on its Asia-Pacific routes was down 13 per cent year on year. Source: Financial Times

Go-Ahead, the busiest train operator in the UK, has signalled that it expects to make further job cuts in its rail division. After cutting 300 jobs in the past year, the chief executive, Keith Ludeman, has admitted that further cuts will have to be made as a result of a decline in passengers and subsequent 60 per cent decline in annual pre-tax profits. Source: The Guardian

All chocolate, crisps and sugary drinks will be banned from secondary school canteens this month under new nutritional standards rules. The regulations, which require a school lunch to contain at least one portion of fruit, will also enforce a minimum level of iron, zinc, calcium and vitamins in school food as well as the removal of salt from school canteen tables. Source: The Guardian

More than 200 staff at easyJet are facing job losses or relocation after the airline announced it was cutting 360 flights a week. One in five flights at Luton will be cut and the airline will no longer fly from East Midlands Airport. Source: The Guardian

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