An American company has developed a technique that they say can make bread stay mould-free for 60 days. Food waste is a massive problem in most developed countries. According to research 32% of loaves purchased in the UK is thrown out as waste when they could be eaten.
Friday, 30 November 2012
The Office of Fair Trading (OFT) has been investigating the way prices are displayed, advertised and promoted in stores. It raised concerns about prices being artificially inflated to make later discounts look more attractive.The major UK supermarkets have now agreed to adopt a set of principles drawn up by the OFT. Classic regulation of an Oligopoly's non-price competition?
Mars is to relaunch its Skittles confectionary brand in the UK next year with a range redesign and a new variant as part of a multi-million marketing strategy to give the brand more prominence in the category. Do you think this will be a success?
Monday, 26 November 2012
Regarded as the Sir Alex Ferguson of the Banking world and currently the head of Canada's central bank Mark Carney will be taking over from Sir Mervyn King as the Bank of England Chief, when he retires in June next year. Find out more about the surprise choice in the link below.
The Power of Love cover by Gabrielle Aplin which acompanies the brilliant John Lewis advert has eneterd the offical top 40 this week at number 7. This just shows the power of adverts and especially John Lewis who have had such successful acompanying music to its adverts it released an album called Reworked which features alll the songs used in its television ad campagins.
Thursday, 22 November 2012
Tango, (yes the fizzy drink), is to extend the brand into a range of shower gels that will be targeted at supermarkets. Tango's orange, apple, cherry and lemon flavours will be incorporated into 400ml shower gel packs, retailing at £1.49. Classic diversification grown tactic here to help spread risk but will it be a success? You know when you've been tango'd!
The average annual earnings of full-time workers in the UK rose by 1.4% to £26,500 in the year to April 2012. However there was a cut in the real value of pay as inflation was higher during the same period, at 3.5%.
Monday, 19 November 2012
A fungus has started attacking one of Britain's most popular species of Christmas tree. Nordmann Firs lose all their needles if they are affected, and growers are now concerned about satisfying demand if stock levels drop too dramatically. Could you draw a supply and demand for this AS Economists?
Friday, 16 November 2012
Saturday, 10 November 2012
This was a picture that was worth 1,000 words but was one that has now made social media history. It was the photograph that President Obama posted on Twitter and Facebook pages just as TV networks announced his victory. It quickly became the most tweeted and most liked message on Facebook ever, beating the record previously set by Justin Bieber.
Friday, 9 November 2012
Thursday, 8 November 2012
The Bank's Monetary Policy Committee today made the decision to continue to keep interest rates at 0.5%. They also decided not to extend its quatitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.
Year 11 students Ross & Anjum took the finance fortune teller to another level with their giant version. Great for testing class mates on their knowledge of all things finance whilst being fun to create also. Great work!
Tuesday, 6 November 2012
Monday, 5 November 2012
Low-frills airline Ryanair has reported a rise in profits thanks to an increase in both passenger numbers and fares. How inelastic is a Ryanair flight? Also good information for Work & Leisure!