Business News in Brief: 07/11/2010
Sunday 07 November 2010
Tesco joins international phone call market
Supermarket giant Tesco moved into the international calls market today with the launch of low-cost Tesco International Calling Cards.
It has been trying the cards in 1,000 Metro and Express stores countrywide and said more than one card had been sold every minute. Calls to more than 60 countries can be made for 2p a minute. Lance Batchelor, the chief executive of Tesco Telecoms and Tesco Mobile values the international calls market at £250m a year.
Dyke tells BBC its top salaries are too high
Greg Dyke, the former director-general of the BBC, has again criticised the corporation over executive salaries. Mr Dyke said last week that the BBC had recently been given a "rough time" but "didn't help themselves by paying themselves too much". He added: "It doesn't help if the chief executive of a public-sector organisation is paid £900,000 a year, but never underestimate the hatred of the media of the BBC."
BHP investors give up on idea of PotashCorp bid
Shareholders in Potash Corporation of Saskatchewan believe that BHP Billiton, the world's biggest miner, will soon give up trying to wrest control of the Canadian group. BHP's US$39bn bid is in serious trouble after Canadian authorities blocked it last week. BHP can appeal, but a shareholder who had hoped for a deal to be completed said that that the miner would now have to make concessions to secure PotashCorp.
- 1 What happens to your body when you give up sugar?
- 2 Ed Miliband deemed less influential than One Direction's Louis Tomlinson by official Doncaster power list
- 3 Japanese island overrun with cats after population explodes
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Ed Miliband deemed less influential than One Direction's Louis Tomlinson by official Doncaster power list
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
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