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The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian


HMV strikes deal to grab digital music sales - HMV is attempting to become a major player in the downloadable music market by taking a 50 per cent stake in the technology specialist, 7digital.

The retail chain said that the deal would boost sales at HMV and Waterstone's, the book store which it also owns. (full story)

Bovis unveils placing for land buys - House builder Bovis Homes (BVS.L) unveiled a placing to raise 60 million pounds on Thursday to take advantage of opportunities in the residential land market.

Bovis said it is placing up to 12.1 million shares, which represent approximately 10 percent of the group's share capital. (full story)

Jobs boost with new Mini models - Two new models of the Mini are to be built at BMW's plant in Oxfordshire creating up to 1,000 jobs, sources suggest.

Two concept cars - one a coupe - will be unveiled on 15 September and will be produced at the company's factory in Cowley, near Oxford. (full story)

Strike 'Could Threaten Choccie Supplies' - Chocolate supplies could come under threat if 1,200 Cadbury workers go ahead with their threat to strike.

Unite union officials said industrial action was "certain to hit supplies of some of the most popular chocolate products in the country". (full story)

Tax haven attempts to stave off crisis - The Cayman Islands, the Caribbean territory that is home to most of the world’s hedge funds, on Wednesday pledged to protect its financial sector in spite of considering harsh measures to stave off a budget crisis.

The overseas territory, which is facing a ballooning deficit in the wake of the economic downturn and rising public spending, suffered a setback last week when Britain refused to allow it to take on more debt. (full story)

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