Latest News
News Round-Up. (31.07.2008)
Posted: Wednesday 30th Jul 2008
The Guardian begins with a story on the sudden decline of the Starbucks empire, with UK house prices following a similar downward trend.
At The Times, British Gas plays a dangerous game by alienating its customers with sky high profits and price rises as the US economy just about manages some piecemeal growth. But for how long?.
The BBC notes that mining company Anglo American is making huge amounts of money too, though BT’s stock is falling along with its results.
Next, The Telegraph dwells on the ongoing plight of HBOS, as Lloyds waves goodbye to 70% of its share value.
Over at The Independent, HSBC is slashing the cost of its home loans as it tries to prop up its mortgage business, while the all-conquering Paulson Hedge Fund is about to have its way with some other ailing banks.
And finally, the Blogosphere has Guido Fawkes’ ongoing revelations about The Guardian’s somewhat dubious approach to taxes, while Boing-Boing says that the UK record industry may well be hoist by its own petard in its attempts to crack down on file sharing.