Business Snippets

It's a case of Happy Birthday today after Clinton's Cards have agreed to buy 196 Birthdays stores, saving almost 1,500 jobs.

DSG International, owner of Curry's and PC World, has announced a £140.4 million annual loss.

Woolies are back! You can now buy your pick n mix and all those WWF action figures that you love online, after Shop Direct, part of Littlewoods, paid somewhere around £5-10 million for the name.

Ford is increasing the price of it's cars in the UK by around 4% blaming an ailing pound for it's third price increase this year. Great idea, that will have them banging the doors down for a new motor!

The US Federal Reserve left interest rates unchanged as expected last night, but came out with a rather bullish accompanying statement about recovery that sent the dollar higher.

In contrast, the sight of a rather glum Mervyn King on the TV last night, I thought he was going to burst into tears at one point, suggesting that he hasn't got a clue when things will pick up in the UK has set the pound lower.

Crude is higher this morning, just under $69/barrel, after last night's US Energy Dept data said that crude stocks fell last week, although gasoline inventories rose almost 4 million barrels.