And in the real world... Tesco, Google, Alistair Darling and more

LONDON - A round-up of today's biggest business stories.

And in the real world... Tesco, Google, Alistair Darling and more
And in the real world... Tesco, Google, Alistair Darling and more

The British Retail Consortium has reported worse than expected November retail trading figures with like-for-like sales growing just 1.8 per cent last month. Novembers' figures mark a decline on retail performance in October which saw a 3.8 per cent rise in sales.
Source: The Guardian

UK charities are under threat from a funding crisis that could see a number of charities merge according to a new study by Baker Tilly. According to the report, one in three charities is considering merging with another charity while one in six are considering joining a commercial organisation to ensure its survival.
Source: The Independent

Tesco has posted weaker results than expected with like-for-like sales rising by just 2.8 per cent in the 13 weeks to 28th November, failing to meet the predicted 3 per cent increase. The sales performance was lower than that achieved in the second quarter, in which the retailer enjoyed a 3.1 per cent like-for-like sales growth.
Source: The Guardian

Alistair Darling, the Chancellor, and Lord Mandelson, the Business Secretary, have called on the bosses of American and European banks, including Goldman Sachs and Morgan Stanley, to contribute millions of pounds to a new government-backed fund that will lend to Britain's small businesses.
Source: The Times

Google has announced plans to prominently display results from social networking sites in its search pages, in a bid to fend off competition from smaller information sources such as Twitter. The "real-time search" development aims to bring users more up-to-date information when searching the web.
Source: The Guardian