Bournemouth hosted the European giants Real Madrid in a friendly at the weekend. The result didn't quite go the way of the championship side as Madrid ran out 6-0 winners however Bournemouth still cashed in with tickets for the friendly a healthy £55 to £60. How can they charge so much?
Monday, 22 July 2013
Tuesday, 16 July 2013
McDonald's is to open its first restaurant in communist Vietnam next year - after granting a franchise to the relative of its prime minister. McDonald's is served in over 34,500 locations, across more than 100 countries. Vietnam will be the 38th Asia Pacific nation to have McDonald's outlets.
Teams employ hundreds of staff and spend millions of pounds not just in travelling round and round the world to compete in the 19 races but also in developing their cars day and night to stay on the pace. Find out just how much by following the link...
Monday, 15 July 2013
There is plenty of evidence to suggest that brands are valuable assets but what makes them desirable? Clear's study suggests it is a unique balance of energy, substance and connection, qualities that have a profound effect on how the brand makes the consumer think, feel and act. Check out which brands are the most desirable by following the link.
Friday, 12 July 2013
As Britain is basking in a heat wave the better weather has brought a long overdue boost to the majority of retailers tills. Primark has seen a boost to the sales of its clothing and footwear as shoppers catch up on delayed purchases. Supermarkets have also seen disposable bbq's, burgers and hair removal cream fly off the shelves. Some great Economics behind this story.
Number 305 Mudeford Spit, near Christchurch in Dorset, is on the market for £200,000 just a touch over the average house price in Britain. However this property is no bigger than a garden shed & is likely to be snapped up quickly. So what makes a sea view so expensive?
Wednesday, 10 July 2013
Tesco has overtaken HMV to become the UK's second largest entertainment retailer with shares of the market rising to 13.2%. Across the market, digital music sales have grown by 12.5% and have helped boost iTunes to number three whilst HMV continues to slip down the chart with further closures of stores.
Postal workers are set to receive millions of pounds' worth of Royal Mail shares when the company is privatised later this year. Find out more about one of the biggest privatisation deals in years and what will happen to the price of stamps.
Thursday, 4 July 2013
All companies are allowed to place a mark-up onto their products. This is how they make a profit. But what happens when companies appear to charge whatever they think they can get away with? Some interesting findings here about popcorn and parking charges which show excellent examples of inelastic demand. Very useful report for A2 Economics and part of a great programme you can catch up on BBC called Your Money, Their Tricks.
Are entrepreneurs born with the skills they need, or can men and women be trained? Or perhaps, is it all down to a person's early life experience? A great article from the BBC examines all these cases to whether or not you are born to be an entrepreneur. A great read for ALL business students!
Monday, 1 July 2013
Not a rock star on tour not the actor of the moment, but the incoming Bank of England governor Mark Carney. He has today taken over from Sir Mervyn King on a salary of £480,000 a year to try and get the economy going again. What do you think his chances are?