Zavvi goes under on Christmas Eve

Zavvi goes under on Christmas EveAround 3,000 jobs are at risk after Zavvi went into adminstration this morning. The DVD and music retailer has been in trouble since the collapse of Woolworths; not only was Entertainment UK (the distribution arm of Woolworths) the major supplier to Zavvi, but according to the Guardian, Zavvi owed Entertainment [...]

Virgin on the ridiculous – train fares increase three-fold

We’re still three weeks away from it being three months too early for April Fools’ Day, so we’ll assume this is true.

Deathwatch – will the Sony Empire fall in 2009?

Will the Sony Empire fall in 2009?

Sony cuts 8000 jobs

Sony said Tuesday it would cut 8,000 jobs in reaction to sluggish sales, particularly of its televisions and digital cameras.

Phorm retools board, focuses on UK

The US—rather surprisingly—is turning out to be more resistant than Europe to Internet advertisers like Phorm and NebuAd. Phorm, which has struggled to sign up US customers (it doesn’t appear to have any yet) for a service that uses clickstream data from ISPs to target ads to users, has now axed its four US board [...]

Phorm appoints Norman Lamont as director

Phorm, a provider of targeted behavioural advertising technology, has announced it has appointed former Conservative chancellor Norman Lamont as a non-executive director.

Former Chancellor joins Phorm board

The controversial targeted advertising company, Phorm, is back in news as the former conservative Chancellor of the Exchequer, Norman Lamont, has been confirmed as joining the board.

London councillors take home £28m a year

London councillors are taking home £28m a year in pay and allowances, it was revealed today.

Ford chief will work for $1 if he takes state aid

Ford’s $2m-a-year chief executive, Alan Mulally, yesterday vowed to work for an annual salary of one dollar if the struggling carmaker has to take government money as part of a $25bn (£16.7bn) bail-out of the US car industry. In a further move to woo congressional support, Mulally pledged to sell Ford’s fleet of corporate jets, [...]

Banks face fines for breaking new lending rules

Move follows flood of complaints from small firms whose banks have raised their fees or hit them with more restrictive loan arrangements