onths ers & sers
1. NewsCorp
The story that keeps giving. Having shut the News of the World, shelved his bid for BSkyB, been subjected to a grilling by MP’s and been the target of a foam pie to the face, life for Rupert Murdoch and Co has been pretty miserable this past month and there is nothing to suggest August will get any better!
2. Nokia There’s something tragic about watching a wounded giant fall to it’s knees but at the rate that Nokia is declining it could be a swift rather than lingering death. The firm reported a net loss of 368m euros ($521m; £323m) in the three months to the end of June, compared with a profit of 227m euros a year earlier with net sales falling by 7% to 9.3bn euros.
3. David Cameron
Under pressure over his decision to employ the former NOTW Editor Andy Coulson, the Prime Minister was forced to cut short a trade visit to Africa to deal with the phone hacking scandal. Ladbrokes and other bookmakers have slashed the odds on Cameron being forced from office, down from 100/1 to 8/1.
4. Thornton’s laTEST profit warning
Apparently troubled chocolate retailer Thornton’s are the only ones in Britain who think the weather has been too good, blaming a slump in Easter sales on ‘hot weather’. Once a shining example of entrepreneurial spirit, the retailer is due to close up to half of it’s 364 stores after it reported worse than expect Christmas trading that it blamed on the cold weather.
5. Tech Crunch re-brand Tech Crunch, which prides itself of being a funky blog site for technology start-ups is the latest causality of a poorly executed rebranding. Last year Gap scrapped it’s new logo after just one week and following near universal ridicule for its ‘eye catching for all the wrong reasons’ re-brand, Tech Crunch could wisely consider doing the same.
13 entrepreneurcountry
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