And in the real world... Waitrose, Sony PlayStation, HP and more

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

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

Sales at Waitrose have risen by 10.2 per cent in the second quarter of 2009, leading to suggestions that "recession panic" is subsiding. The supermarket's figures were well ahead of the grocery sector average of 5.6 per cent, with discount retailers such as Lidl and Aldi beginning to lose momentum.
Source: The Times

Sony has unveiled plans for a cheaper version of its PlayStation3 games console, in an effort to make up ground lost to Nintendo. The "PS3 Slim" will sell for $299, $100 less than the current model.
Source: Financial Times

HP, the world's largest technology company, has announced a 19 per cent fall in third-quarter profits. The company attributed the decrease to reluctance among corporate buyers to upgrade their products.
Source: Financial Times

Ashley Cowen, the head of British Airways' Asia-Pacific business, has admitted in an interview that the struggling airline is still dangerously close to going out of business.
Source: Daily Mail

Thomas Cook is considering placing almost 44 per cent of its shares on to the stock market following the collapse of Arcandor, the company's biggest shareholder.
Source: The Daily Telegraph

Star TV, the Rupert Murdoch-owned Asian broadcaster, has slashed almost 30 per cent of staff at its Hong Kong headquarters as part of a restructure of the business.
Source: The Independent


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