The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Tesco hides figures after missing target to reduce plastic bag usage - Britain’s biggest supermarket chain has published misleading figures giving the impression that it had met an industry target to halve the use of plastic bags.
The Times has learnt that Tesco, which claims to be one of the greenest retailers, missed the target and tried to conceal its actual performance. (full story)
Manufacturing revival sends markets soaring - Leading shares across the world yesterday soared to their highest this year, spurred by evidence of a global manufacturing revival and strong results from HSBC and Barclays, Britain’s banking giants.
The FTSE 100 index led the charge. London’s bluechip benchmark leapt by a further 74.10 points, or 1.6 per cent, to close at 4,682.46, its best finish this year, marking highs not seen since the collapse of Lehman Brothers in October 2008. (full story)
Music service Spotify wins high-profile backing - Spotify, the digital music service widely tipped as a potential challenger to the dominance of iTunes, is close to securing new investment from high-profile investors, including the charitable foundation of Hong Kong tycoon Li Ka-shing.
Spotify, pitched as a better alternative to illegal downloading, is looking to raise funds to expand in the US, building on the hype it has generated in Europe where it has attracted more than 2m users less than a year after launching in the UK and Sweden. (full story)
Graduates to work on overseas community and environmental schemes - A Government-funded scheme for 500 out of work graduates to spend 10 weeks on social projects in overseas countries is being matched by the private sector with the result that openings are being provided for 1,000 jobless former students.
Raleigh International is handling the Government programme, funded by Lord Mandelson's Business, Innovation and Skills department for 500 people under the age of 24 struggling to find jobs. (full story)
Global car sales dive hits Toyota - Toyota, the world's biggest carmaker, made a loss of 77.8bn yen ($818m; £483m) in the three months to the end of June as global car sales slumped.
But it also upgraded its outlook for the rest of the year, saying losses would total 450bn yen rather than the 550bn yen it forecast previously. (full story)
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