And in the real world... Philips, Co-op, Lloyds and more

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

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

The British Retail Consortium has reported that high-street sales have risen by 4.9 per cent in September, the strongest total sales growth for any month since January 2008.
Source: Financial Times

Philips, the Dutch electronics, health and lighting group, has reported a small rise in profits for the third quarter of this year. The company attributed the increase to a rise in consumer confidence and a cost-cutting exercise that it undertook earlier this year.
Source: Financial Times

The Co-operative Group has announced a 17 per cent increase in first-half pre-tax profits, with revenue rising from £5 billion to £6.4 billion. The Group's financial services arm also saw a 50 per cent increase in applications for current accounts during the period.
Source: The Guardian

Six investment banks will share around £300 million in fees if Lloyds Banking Group continues with its proposed £25 billion cash-call. UBS, Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan Cazenove and Goldman Sachs are all expected to act as underwriters in order to help the bank find the cash it needs to survive without having to turn to the asset protection scheme.
Source: The Guardian

Thousands of households across Devon are complaining that they are now receiving Welsh TV channels instead of BBC and ITV following the recent switchover to digital broadcasts in Wales.
Source: The Daily Telegraph


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