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NIESR forecasts Q2 GDP growth of 0.7 pct

NIESR, the National Institute of Economic and Social Research, has forecast Q2 GDP growth of 0.7 pct in its latest estimates for three months ending June 2010.
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Ofgem seeking explanations from two energy companies for overpricing

Energy regulator Ofgem has said that a new regime is to be introduced from today, aimed at preventing energy companies from overcharging their customers. In addition the regulator said that it was seeking explanations from two of the big six energy companies about their pricing.
British Prime Minister Cameron addresses media in Berlin

UK Public sector job cuts to reach 600,000

The UK Public sector is set to shed over half a million jobs according to the new Independent body – the Office for Budget Responsibility, set up by the new Government.
A HMV sign is seen outside a store in Harrogate

HMV shares rise as FY profit jumps over 17%

HMV Group has reported a rise in pre-tax profit of over 17 per cent in the full year ended 24 April 2010, however net debt at the group has ballooned thanks to a series of acquisitions made in the period.