Longbridge car factory to reopen

The new owners of MG have said that the old longbridge car manufacturing plant is to re-open. This is great news for the ex-workers in the area and will bring good economic growth back to the area. The closure of the plant brought great uproar and although the reopening of the plant will ease tensions, relations will still be soar with the company.

http://news.bbc.co.uk/1/hi/business/6312917.stm

heathrow ovner BAA under pressure

http://news.bbc.co.uk/1/hi/business/6234265.stm

Heathrows owner has come under significant pressure after first its security measures handling the august bomb alert then fog problems causing serious delays over the christmas period. The now foreignly owned BAA is under great pressure to clear up it's proceadures to cope with unusual circumstances. They could loose contracts to run britains main airports if they don't clear up their act soon, and I think they have got a long way to go to have good proceadures for unforseen events.

ipod sales rise

http://news.bbc.co.uk/1/hi/business/6272051.stm

After the preview of their most recent venture, the iphone (for more info see jonny's blog http://jonnygreen.blogspot.com/2007/01/iphone-finally-released-by-apple.html, or the riveiera business forum at http://revisionguru.co.uk/rivieraforum/index.php?s=5310e18b54f071d233a245530d5ee1da&showtopic=249&hl ) apple are reporting a massive increase in sales leading up to the 30th of december. This could be partially to do with the enormous potentail as good christmas presents and people getting into new music for the festive period (ipod don't just earn money off the players, but itunes as well.) This is fantastic news because no really new items have been released, just some of the models have been re designed and this shows the brilliant position ipod are in as a fashion item company as well as good quality electrical product company.

BBC license fee rise

http://news.bbc.co.uk/1/hi/uk/6273347.stm

The new license fee rise that the BBC are proposing will and is bringing the publlic in uproar, especially the elderly. The rise from131.50 to 151 pounds by 2012 will put pensioners in a difficult position due to pensions earning small amounts of money. This will loose money for the BBC now because people on low incomes (pensioners and students especially) won't be able to pay and for people like students who are very busy anyway it is not worth the money.

UK inflation at a highest levels for over a decade

The rise of inflation to 3% has put the Bank of England in the spotlight again and there is the risk that they will raise the the intrest rates again.
This marks the 8th month in a row that the Bank of England has been unable to keep to the gouvernments 2% target rate. The chances are that intrest rates are going to rise again and I think that many people are going to be worried about loan and morgage intrest rates rising and that they are going to struggle to pay off the debts. In a way this could be a good thing because people will really think about whether they will take out loans, but people are going to loose even more money on the loans they already have.

BP safety procedures criticised

http://news.bbc.co.uk/1/hi/business/6265535.stm
After some very serious accidents including the fatal 2005 explosion at BPs Texas plant, the Financial times published a report pointing out some major flaws in their safety procedures. I think BP just need to accept this and shouldn't fight it because they'll just be considered ignorant and selfish as well as stupid if they do. They should just ask forgiveness for the ignorance they showed and that they will never do that again.
I would have thought that BP wouldn't deliberately be letting safety slack because they would loose money on repairs, compensation, extra costs for insurance and loosing moeny on that facility not working while repairs are carried out.

Wii problems

http://revisionguru.co.uk/rivieraforum/index.php?s=c8ee2312e293e63d5cb639cefcc17280&showtopic=233&hl=

The Wii consoles that is Nintendos replacement for the game cube are not reaching suppliers.

This is bad for Nintendo as this console is the only major console that uses motion sensers to play. This could lead to poor populaarity and Nintendo's reputation going down. I think they need to speed up there delivering and manufacturing speed or customers will get very angry and possibly turn to other consoles like the xbox 360 and soon the long awaited PS3.

GM going green as it did as at the sight of its debts last year

http://news.bbc.co.uk/1/hi/business/6240379.stm

While one american car company complains about us going green, GM goes into alternative fuels. The first out of blocks GM is the first major car company to propose this positive making of cars. Even the boss of Ford says that America is loosing its gas guzzler credentials.

This is good that the biggest car companies is now doing a major push environmentally friendly cars. It will encourage Ford and other rivals to do the same and try and compete. Hopefully pushing out the worst of the gas guzzlers and cleaning our air.

Chryslar environmental blasphemers!

http://news.bbc.co.uk/1/hi/business/6247371.stm

This aritcle says that the chief of the German-US DaimlerChrysler Group thought that us europeans were over reacting to the global warming threat, and thinks money should be spent elsewhere on the other big issues.

But I think that he is probably wrong because if we don't do something to stop global warming there would have been no point spending money on our other big problems like terrorism and crime.

This arguement cannot be stopped by the people who think that global warming may have happened anyway, because we've got to stop it either way if it is due to us or not, or we'll all die.

And I also fail to see why he is saying to us that we're doing to much because we're trying to make up for the huge amount of polution caused by america and his cars.

RAF losing out to the saudi's

http://business.timesonline.co.uk/article/0,,9067-2537611,00.html

Bae have announced that the saudi's 20 billion pound deal will interrupt the flow of aircraft to the RAF.
I think that this is bad because Bae is a british company and should prioritise the british services because they are one of the main customers to Bae. I also think it is bad short changing our protection for a possibly threatening country.

M&S food retail down

http://business.timesonline.co.uk/article/0,,9074-2537946,00.html

M&S have lost out on the christmas food boom with sales up a minimal 3.6 percent. This bad news for M&S who have until recently come back from a big decline. They need to get a bigger chunk of the market because they seem to potential customers as a posh supermarket chain and they will loose out on the large market that super companies like Tesco and Sainsburys take advantage off.

Their clothes sells have soared by 9.2 percent and this is probably due to the fact that they seem to be posher and higher quality.