The head of the Confederation of British Industry has warned about the risks of Britain quitting the EU, saying that the Conservative party’s desire for a referendum on the issue has been a “distraction from securing growth and jobs, which have to be the UK’s top priority”, reports The Guardian.
“Asda shoppers will be able to scan their groceries with a smartphone application that will help the grocer cut costs and gather customer data,” says The Times. The paper writes that the UK’s second-largest supermarket chain is to begin testing the app this year, allowing shoppers to scan their items as they fill their trolleys.
Quarterly earnings at Dell missed Wall Street forecasts last night as the PC maker cut prices in an effort to stop its falling market share, according to the Financial Times. The company reported a better-than-expected $14.1bn in first-quarter revenues, though this was down on last year. Meanwhile, earnings per share of 21 cents came in well below the 34 cents prediction.
“The Public Accounts Committee cited evidence from whistleblowers who alleged that Google staff in London were much more involved in sales than merely supporting the search giant’s Dublin operation.” Google claims that its small UK tax bill was justified because its British subsidiary does not carry out transactions. Reports The Daily Telegraph
The Independent tells us that Virgin Atlantic registered a £93m loss for its financial year ended March, the second straight year in the red, with the airline blaming the Olympics for “severely denting demand for business travel”.