PRESS DIGEST - British business - Oct 3
SEARCH IS ON FOR BUYER FOR WAVERLEY
More than 800 jobs were at risk last night as administrators from Deloitte raced to find a buyer for WaverleyTBS, one of Britain's biggest suppliers of drinks to pubs, clubs and hotels.
SHOPPERS SAVED PAIN AS RETAILER ABSORB RISES
The British Retail Consortium said that shops had used promotional offers to avoid passing on higher commodity prices to their customers last month.
GOVT CANCELS WEST COAST CONTRACT DUE TO 'FLAWS'
FirstGroup's contract to run the West Coast Mainline has been cancelled by the government due to "significant technical flaws" in the bidding process, which will be re-run.
UK HOOKED ON DEBT, PIMCO BOSS WARNS
Britain is part of a debtor nation "ring of fire" where bondholders are at risk of being "burned to a crisp", the head of the world's biggest bond house has warned.
LABOUR LEADER VOWS TO UNITE BRITAIN
Ed Miliband made an audacious raid deep into Conservative party heritage in a speech to his party's conference on Tuesday promising that Labour could rebuild Britain as one nation.
MOBILE FIRMS TO ROLL OUT SUPER FAST BROADBAND
Britain's three main mobile operators and the media regulator Ofcom have reached a crucial truce over much delayed plans to roll out fourth generation super-fast mobile broadband, known as 4G.
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