And in the real world... Tesco, Google, Northern Foods and more

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

And in the real world... Tesco, Google, Northern Foods and more
And in the real world... Tesco, Google, Northern Foods and more

Despite losing out to faster growing rivals, Tesco's chief executive, Sir Terry Leahy has expressed his optimistic opinion that the worst of the recession is over. The retailer reported a rise in pre-tax profit for the first half of the year of 1 per-cent to £1.42billion, thanks to a rise in sales of non-food items, premium ranges and organic food.
Source: The Financial Times

Northern Foods has asserted that it is on track to meet its end of year targets despite sales at the company standing still over the first half of the year. The company, which generates the majority of its income from private label lines, enjoyed a significant uplift in sales of its own brands including Fox's Biscuits. An ad campaign, created by Mother and featuring the panda bear Vinnie has lead to the brand achieving its highest market share since 2006.
Source: The Financial Times

The High Court has granted hundreds of mortgage borrowers an order to allow them to sue Barclays and Lloyds in a group legal action. The group of over 300 homeowners are suing the banks over the shared appreciation mortgages they took out in the 90's. The group claim the terms of the home loans were unfair.
Source: The Financial Times

Christmas holidaymakers and business travellers are facing travel chaos as the possibility of a strike by British Airways staff over the festive period became increasingly likely last night. The company infuriated its stuff by cutting 1,700 jobs and imposing a pay freeze without reaching an agreement with the cabin crew union Unite.
Source: Daily Telegraph

Verizon Wireless has announced a tie up with Google's Android, marking the biggest endorsement of the mobile phone operating system to date. The deal will see Verizon, the US's largest mobile carrier, launch a series of phones, netbooks and PDA's which operate on the system, in a bid to compete with Apple's iPhone.
Source: The Financial Times

Digital radios are set to become a standard feature in cars by 2014 after car manufacturers signed up to proposals made in the Digital Britain white paper. The paper calls for all FM stations to be switched off by 2015. Currently a third of British homes have a digital radio while just a handful of the 30million cars on the road have digital receivers.
Source: The Times