The Artesian Blog takes a look at the business headlines:
'Steady course' as BP profits fall 53% - BP announced a 53 per cent slump in profits today, but the oil giant said it continued to steer "a steady course through choppy waters".
The haul of 3.14 billion US dollars (£1.9 billion) between April and June was well down on the 6.75 billion US dollars seen a year ago, a period when oil prices were approaching record high levels. (full story)
UK broadband falls 50% short of promised speed - More than 50 per cent of British broadband users are not receiving half the speed promised by their providers, according to a report from Ofcom, the communications watchdog.
The report has found that more than 50 per cent of users on services that offer "up to 8 Mbps" actually receive a typical speed at a much slower 3.9 Mbps. (full story)
Workspace says rent roll falls - Small business landlord Workspace (WKP.L) said its quarterly rent roll declined even as overall occupancy was marginally up, and added that it had seen signs of stability in occupancy levels.
"Business conditions are challenging but customer demand is good, albeit with flexibility demanded on pricing, which has impacted the company's cash rent roll," the company said in a statement. (full story)
Cash for stalled housing projects - Hundreds of housing developments in England that have stalled during the recession are set to share in a £925m attempt to kick-start the industry.
About 270 projects could benefit from the cash, the government said, with a third of the funds to go to housing associations to build affordable homes. (full story)
BT signs video-on-demand deal with Sony Pictures - BT has signed an agreement with Sony Pictures Television for video-on-demand rights to a range of new and classic movies for its digital TV service, BT Vision. Customers can watch hit films including Terminator Salvation: The Future Begins, starring Christian Bale and Da Vinci Code follow up Angels & Demons. All Sony’s films on BT Vision will be available on a pay-per-view basis, without a subscription. (full story)
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