Starbucks Gets Frothy In Asia As Europe Goes Flat

Starbucks, which has been criticised for not paying enough corporation tax in the UK, has reported better than expected sales in the US and increasing growth in Asia. The coffee chain saw net earnings, which is one way of measuring profits, hit $432.2m...

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Horsemeat Scare: Waitrose Pulls Burgers

Waitrose has become the latest supermarket to remove beefburgers from its shelves as a result of the horsemeat scare. The company said it had taken frozen burgers made by Dalepak, one of the firms at the centre of the horsemeat contamination investigation,...

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Apple Overtaken By Exxon As Most Valuable Firm

Apple has been overtaken as the most valuable company in the world - by its old rival Exxon Mobil - after the iPhone and iPad maker saw its stock price fall. Exxon Mobil is now the largest US publicly-traded company by market value - roughly a year...

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Exclusive: City Plots Move For RBS Branches

By Mark Kleinman, City Editor Some of the City's leading investment institutions are exploring a takeover bid for more than 300 bank branches which Royal Bank of Scotland (RBS) is under orders from Brussels to sell. I have learnt that major investor...

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Hovis And Oxo Boss Heads For Exit

By Mark Kleinman, City Editor The South African executive parachuted in to restore the health of Premier Foods, the owner of Hovis bread and Mr Kipling cakes, is poised to quit after less than 18 months in the job, Sky News has learnt. Britain's...

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Gatorade Removes 'Fire Retardant' Chemical

The makers of Gatorade are removing a chemical also used in fire retardants from the sports drink after an online campaign by consumers. Gatorade said it would stop using brominated vegetable oil (BVO) - patented as a chemical to prevent flames from...

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UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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BlackBerry Crumble? New Phones May Save Brand

BlackBerry's latest smartphones could see it return to glory after several years in decline, according to experts. Parent company Research In Motion (RIM) plans to launch two handsets, the Z10 and X10 on Wednesday. Pictures leaked online purporting...

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Latest GDP Drop Puts Pressure On Osborne

A lot of people suspected the news would not be good. It turns out it was even worse than expected. Britain's economy is shrinking once again - and far deeper into negative territory than was anticipated. That 0.3% decline in the fourth quarter of...

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EasyJet Chair Rake In Departure Lounge

By Mark Kleinman, City Editor The chairman of easyJet, Britain's biggest airline by passenger numbers and revenues, is to step down this summer after a four-year tussle with the company's founder over its fleet size and strategy. Sir Mike Rake...

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