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Daily Business News Round Up 02/09




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


Brown expands youth jobs scheme
- The government is pledging a further 85,000 "opportunities" to help get young people into work.

Prime Minister Gordon Brown will make the announcement at a Backing Young Britain summit in Birmingham. (full story)


DSG first-quarter sales fall less than expected
- DSG International, Europe's second-biggest electrical goods retailer, posted a smaller-than-expected quarterly sales drop on Wednesday and said it had agreed to sell its Polish operations.

The group, which runs Currys and PC World in Britain, Elkjop in the Nordic region and UniEuro in Italy, said sales at stores open at least a year fell 6 percent in the 16 weeks to August 22, as double-digit percentage falls in UK electricals and computing sales were partly offset by strong sales in Nordic countries. (full story)

eBay Raises Billion Pounds In Skype Sale - Internet auction site eBay is selling a 65% stake in its online phone business Skype for £1.2bn.

A group of private equity investors have agreed to buy the controlling shareholding in the company. (full story)

Sony plans to put 3D TVs in homes by end of 2010 - Sony will announce today that it is aiming to put 3D televisions in homes by the end of 2010.

Sir Howard Stringer, its chief executive, is due to announce that consumers will be able to buy 3D Bravia television sets, Vaio laptops, Playstation3 games consoles and Blu-Ray disc players that are compatible with 3D technology. (full story)

Make mine a half: Majestic cuts minimum purchase of wine - Majestic Wine, the chain of warehouse outlets, hopes to raise the spirits among its customers by halving their minimum purchase to six bottles per visit.

The move, which was introduced yesterday, follows a successful year-long trial in its Newcastle and Darlington stores, where "customer feetback has been very positive". (full story)

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