In future years the launch of Blackberry 10 may be seen as the firm's turnaround-or the moment its fate was doomed in the competitive smartphone market. Will this bring back the BBM boom?
Thursday, 31 January 2013
Sunday, 27 January 2013
Chance to enter a national competition where you take the roll of chancellor and put together a short video where you consider a range of Budget 2013 policies and choose those you feel are best for the country's economy. It is open till 15th Feb and open to all 14-18 year olds which a chance to win an i-Pad as a top prize. Find out more by following the link:
Addidas, Hugo Boss and Superdry are among a number of brands set to launch a virtual fitting room fucnction aimed at improving the online shopping experience for customers. Will this help take online shopping spending further forward at more cost to the high street?
At first sight, a photo of emaciated children in developing countries alongside obese people in the West might seem like an apt way to illustrate the massive gap between the rich and the poor. But it is not, according to experts at the World Economic Forum in Davos. Read more by following the link.
Friday, 25 January 2013
A superb article on how healthy people can create economic health which takes into consideration the comments made at the World Economic Forum which has been taking place recently in Davos.
The UK economy shrank by 0.3% in the last three months of 2012, further fueling fears that the economy could re-enter recession. A fall in output due to a drop in mining and quarrying were some of the main contributors to the shrink which has been disappointing news for the government following the Olympic boost.
Thursday, 24 January 2013
Fans are demanding a £20 limit on the price of away tickets amid fears that the growing costs will hit match attendances, affecting the atmosphere of games. The Football Supporters Federation's 'Twenty's Plenty' drive aims to get clubs to peg the cost of away tickets. This comes after Man City returned 900 tickets for their trip to the Emirates after fans refused to pay £62 to watch their team. Interesting economics in this!
Real Madrid has topped Deloitte's football rich list for the 8th year in a row, with revenues breaking 500m euros (£420m) for the first time. Bumper TV deals and amazing global demand have seen revenues for clubs continue to rise despite tough economic times. Newcastle did not make the top 10.
Tuesday, 22 January 2013
The number of jobless people around the world rose by 4 million in 2012 to 197 million and is expected to grow further. The trend reflected a downturn in economic growth and highlights a massive waste in skilled labour across the world.
Sunday, 20 January 2013
Del Monte is set to launch a new fruit drink to aid kids learning. They claim the mix of vitamins will help stimulate the mind and help prevent tiredness and aid children's learning. The six different flavours will be hitting the stores over the next month. Is this the new lucozade of the classroom?
Big freeze could cost UK economy more than £6bn. Retailers, restaurants and bars are likely to be worst hit in what is typically a poor month for sales anyway. Also the cold snap could also delay construction projects and keep millions of workers off work.
Thursday, 17 January 2013
UK car production in 2012 was at its highest level since 2008 according to the Society of Motor Manufacturers and Traders (SMMT). UK factories built 1.46 million cars of which 1.21 million were exported.
Wednesday, 16 January 2013
Investigations are under way to find out how beefburgers on sale in UK and Irish supermarkets became contaminated with horesemeat. Tesco & Iceland have been identified as two of the supermarkets who have been stocking the contaminated burgers and the news of this investigation will be very damaging for the reputation of the supermarkets. They will have to work hard to restore customers confidence in the stores food and products.
Metrocentre and Eldon Square are part of a national re-brand which will see their names changed to 'Intu Metrocentre' and 'Intu Eldon Sqaure'. Find out more about the plans by following the link.
DVD rental firm Blockbuster has become the latest UK High Street firm to go into administration after struggling against online competitors. The chain has 528 stores and employs over 4,000 staff. With news of HMV and Jessops also entering administration this month are all these casualties just inevitable due to their slow movement in changing their business models in fast moving and competitive environment.
Tuesday, 15 January 2013
Many brands are having to react to the tougher financial conditions in order to survive. John Smiths have taken the drastic measure of watering down its beer to reduce the alcohol content from 3.8% to 3.6% and they have also raised the price by 25p a pint. Other brands have been reducing their size and removing expensive ingredients but have you noticed?
Fizzy-drink giant Coca-Cola has launched an advert addressing obesity for the first time on TV. This news comes as New York steps up its attempts to ban large sugary drinks in cinemas, restaurants & spots arenas. As the governments are trying to correct the market failure caused by over-consumption of sugary drinks, Coca-Cola are trying to ensure they are not going to be hit hardest. Great story for Economists studying Markets In Action.
Music and DVD chain HMV is to appoint an administrator, making it the latest casualty on the High Street and putting about 4,350 jobs at risk. The first store opened back in 1921 has struggled against online competition and was slow in moving into the digital age which combined with the tough economic conditions has sadly sealed its fate. Who will be next?
Monday, 14 January 2013
Rory McIlroy is set to become one of the biggest earners in sporting history after confirmation of a reported 10-year sponsorship deal with Nike worth as much as £150m. So why pay so much? Is this deal worth it for Nike?
Sunday, 13 January 2013
The beautiful game embodies everything that's bad about Britain. A nice article for A2 Work & Leisure students which makes comment about how the Premier League is run for the super rich, not fans compared to the thriving Bundesliga.
It's a coney calzone! The pizza shaped like a cone. This unique treat was a entrepreneurial idea from 23 year old Dags Hofrats who has become the first person in the UK to sell the pizza. It has been an unlikely smash hit & he has sold 1,000 of the pizza cones at £2.70 in six weeks.
Thursday, 10 January 2013
Its group-wide sales in 2012 totaled 1.85 million cars, up 11% from a year earlier. Sales of BMW vehicles made up the majority of this total, rising 12% to 1.54 million. Some great information about the global car market which links with the Year 11 GCSE pre-release! Check it out by following the links below:
Due to the poor harvest of wheat in Britain in 2012 Hovis is planning to start using wheat from elsewhere in the EU in some loaves. This means it will have to remove the 100% British branding from them. Will this see an increase in the price of hovis?
Wednesday, 9 January 2013
As Jessops becomes the latest big name high street casualty of the recession, what is now the way forward for the UK's ailing high streets? Totnes (a small town in Devon) is aiming to buck the trend. It is passionate about its local economy and even has its own currency. Check out this great story of how the independent retailers are creating a thriving high street again.
The pre-release case study for the OCR GCSE Business Studies exam is now available. You will receive a copy of it in class but if you want a copy of your own you can download one from here. This year it is all about a car company called AS and the text in this will all link to what you are doing in class for your final unit A293.
Morecambe are offering free entry to all supporters for their game against Dagenham & Redbridge on Tuesday. Some interesting points for the YED and demand of spectator sports between the premier league and the lower leagues. (Article From Seb Dadbin)
Monday, 7 January 2013
Sunday, 6 January 2013
A bluefin tuna sold for a record 1.76 million US dollars (£1.1 million) at a Tokyo auction on Saturday, nearly three times the previous high. Stocks (Supply) of bluefin tuna caught in the Atlantic and Med plunged by 60% between 1997 and 2007 due to rampant, often illegal, overfishing and lax quotas. This combined with the fact that Japanese people eat 80% of the bluefin tuna caught worldwide leads you to see why the price is rocketing! Classic supply & demand.
Nearly 10 million people in Britain are now over 65, increasing numbers of pensioners are taking up a second career after they retire. Consider the impact on the workforce of an ageing population.
Smartphones and tablets look set to dominate the portable gaming market with iOS and Android based app titles to generate more revenue in the coming months than dedicated portable gaming releases from the likes of Sony and Nintendo, new reports have suggested. How close as substitutes do you think these two goods are? XED? What else could have caused the shift?
Friday, 4 January 2013
The CompareTheMarket.com ad featuring Meerkat brand characters Sergei and Alexsander handing a window cleaner his free Meerkat toy was the 'most-liked' TV ad of 2012. You can relive that advert again and also see which other adverts featured in the top 10 by following the link below. Simples.
A Government anti-smoking ad showing a cancerous tumour growing on a cigarette as it's smoked is facing censure after the advertising watchdog received a flurry of complaints the advert was too graphic. Do you believe this information provision to correct the market failure caused by cigarettes has gone too far? Do these adverts even help correct the negative externalities and reduce the demand for smoking?
Revised fares for the metro will come into effect from 6th January 2013. On average prices will go up by 4.1% while peak day tickets would be withdrawn. Nexus director general Bernard Garner said fares had been kept as low as possible but this still sees single tickets increase by 10p. Consider inflation and the inelastic demand for metro travel!
Recent economic data seemed positive for the UK economy, but the latest information hints that it is more fizzle bang. There are now fresh fears that the UK economy is sliding towards a triple dip recession this year after the first fall in service sector activity for two years.
The UK's fourth largest grocer announces its partnership with the TV hosts, who will promote its range of products this year. Forecast by analysts as having the worst performing of the major supermarkets at Christmas they will hope the partnership will revive its flagging fortunes. Classic Oligopoly non-price competition?
Wednesday, 2 January 2013
We have been taking a break from the blog over the festive period but are back now to give you all the best and most interesting stories from the world of Business & Economics. But first check out this video which celebrates all the epic stuff that happened in 2012...enjoy!