The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
T-Mobile and Orange may merge in JV - Deutsche Telekom (DTEGn.DE) and France Telecom (FTE.PA) are in exclusive negotiations to combine their UK mobile operations into a new 50-50 joint venture, the German company said on Tuesday.
The move follows an announcement by Deutsche Telekom earlier this year that it was considering its options for the UK unit, which has struggled in the highly competitive market, in which five operators and several smaller players compete. (full story)
Google facing European challenge to digital library - Google was forced to offer concessions to European publishers yesterday as it came under pressure over its plans to digitise the world’s books.
The internet search engine said that it would remove all books still on sale in Europe from its US online market, which offers millions of titles currently out of print in the United States. Google instead plans to negotiate agreements with European publishers and authors. (full story)
High Street sales fall back again - Retail sales fell in August after two months of increases, casting doubt on a prolonged recovery in High Street consumer spending.
UK like-for-like sales - which do not include new stores - fell 0.1% compared with the same month last year, said the British Retail Consortium (BRC). (full story)
'Zombie' insurer Pearl to appoint Ron Sandler as executive chairman - Northern Rock chairman Ron Sandler has been lined up as the new executive chairman of insurance group Pearl, The Daily Telegraph has learned.
Mr Sandler, who was appointed to oversee the bank's rehabilitation last year, will join the "zombie" insurer – so-called because it consolidated closed life businesses – to oversee its restructuring. (full story)
Aquascutum returns to British ownership - Fashion brand Aquascutum is to return to British ownership after entrepreneur Harold Tillman today announced a deal to buy the business.
Mr Tillman, who is best known for the transformation of upmarket retailer Jaeger, has acquired the Aquascutum brand from Japan's Renown. (full story)
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