And in the real world... WH Smith, Nokia, SABMiller and more

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

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

WH Smith has reported an 8 per cent year-on-year rise in profits for the year ending August 2009. The retailer, which cut its costs during the period by £15 million, attributed the increase to ditching music and movies in favour of sweets and stationery.
Source: The Daily Telegraph

Nokia has recorded a 20 per cent decline in revenue for the third quarter of this year. Despite the fall, the Finnish company managed to maintain its market share in the mobile phone sector at 38 per cent.
Source: The Times

SABMiller, the brewer that owns brands including Grolsch and Castle Lager, has said that its half-year performance is in line with expectations, despite seeing a 1 per cent drop in lager volumes for the period.
Source: Financial Times

Qu Li, a Chinese industrial consultant who recently came under fire for her role in the collapse of MG Rover, has acquired the assets of LDV, the defunct van manufacturer.
Source: The Daily Telegraph

Mothercare, the mother and baby goods retailer, saw sales increase by 8.2 per cent for the first half of this year, thanks to a sharp rise in online and overseas demand.
Source: Financial Times


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