The pub group Mitchells & Butlers has acquired 44 restaurants from Whitbread in return for 21 hotel sites. The group whose brands include Harvester and All Bar One currently owns around 2,000 pubs nationwide. The outlets it is gaining currently operate under the Brewers Fayre and Beefeater brands. In exchange Whitbread will get some of its Express by Holiday Inn hotels.

Sony have announced a fall in profits with the net profit down 66.5bn yen from a year ago. The news comes due a strong yen and price competition and is despite the fact that Playstation sales are still strong. Sony have said that that its net profit in the year to March 31 2009 is likely to total 240bn yen down from an earlier forecast made in May of 290bn.

Well, maybe not world domination but lots more coffee shops. Whitbread plans to double the number of Costa coffee shops and increase the number of Premier Inn rooms by 50%. The company announced the plans after it unveiled better than expected profits. There are currently 992 Costa coffee outlets worldwide but Whitbread will increase this to 2,000 in the next five years with half of the new shops being in Britain.

JJB Sports has announced that it is shutting 72 stores with the loss of 800 jobs. JJB currently has around 400 outlets in the UK. The closure plan comes after a business review by the new management which found the stores are unlikely to make a contribution to profits and that many are close to newer and larger stores. The stores will close by the end of this month.

Tesco are due to announce record profits. They have managed to make a £5,300 profit for every minute of last year, a total profit of around £2.8bn. This is 6% more that their profits for the previous year and about the same as the combined profits of Sainsbury’s and Asda. They have benefitted from growth within the UK and the expansion into international businesses in Poland, Hungary and South Korea.

HSBC are latest company to admit to losing customers’ personal data. The information was on a disk that was password protected but was not encrypted. The disk contained the personal details of 370,000 customers including names, dates of birth, policy numbers and details about their insurance cover. The disk was lost after being sent by courier to the groups Southampton office.

BT has been named as the worst landline provider in a customer satisfaction poll. In a survey of 11,000 customers BT got the lowest score for all but two categories for home phones. uSwitch.com claims that around three million of BT’s 10 million landline customers are dissatisfied. Other surveys have found that BT offer poor value fro money and fail to sort out problems. Citizens Advice also found that 89% of all landline complaints are about BT.

The high street pub chain which owns the Slug and Lettuce and Litten Tree chain has gone into administration after failing to find a buyer. The group currently has 90 loss making bars within the 330 site group. 239 of the pubs and restaurants were immediately brought from the administrators but 90 sites will remain under their control.

The fashion chain Morgan will close all 40 of its UK stores because of losses. The chain has suffered because of competition from cheaper rivals and the slowdown in consumer spending.

A new biomass power station has just been opened near Lockerbie. The power station which is owned and operated by E.ON is the largest wood fired power station of its kind in the UK. The plant converts waste from the wood industry into energy and will provide enough power to supply up to 70,000 homes. The power station will also create 50 jobs.

Scottish and Southern Energy will raise its domestic energy prices by an average of 14.2% for electricity and 15.8% for gas. The company is the last of the big energy suppliers to announce a price increase, following announcements by Npower, EDF Energy, Scottish Power, British Gas and E.On. They blame the increases on the rise in wholesale energy prices. The increases mean an average electricity bill will rise by £50 whilst a gas bill will increase by around £85.

BA shares have fallen after they issued a warning on profits. They have said that its profits could fall by 25% over the next year because of rising oil prices. The price of crude has hit an all time high of $105.97 a barrel meaning that the airline will have to abandon its target of making profit margins of 10%.

As someone who uses my car rarely I have not really noticed a rise in fuel costs. This article, however, suggests that drivers are now paying around £18.84 a month more for fuel. Petrol now costs 17p a litre more than it did this last year with the average price at £1.04p a litre. This means that a driver with an average 50 litre fuel tank pays £8.79 more every time they fill up with petrol. Diesel is up too, having soared to an average price of £110.3p a litre compared with 91.1p a year ago. The huge rises have been blamed on the weak dollar and unrest in oil producing countries. The situation however, is likely to get worse, if Alistair Darling goes ahead with his plans to add an extra 2p per litre to fuel duty. Business groups and the motoring lobby are currently calling for the government to scrap the planned rise in the light of rising prices.

npower are the latest energy company to report a massive rise in profits. The firm has reported a 41% rise in profits making £724m last year. The news comes after British Gas reported a fivefold increase in profits. The consumer group energywatch have launched an investigation into household bills amid concerns that companies are profiteering at the expense of their customers. News of npower's profits came only weeks after it raised electricity bills by 12.7% and gas bills by 17.2%.

PC2Paper have just launched their virtual printer. The product has launched initially at a beta version but if early indications are anything to go by, it should make sending a letter from your computer much easier. Previously you had to log in and go through the process of uploading your letter or writing it online. The virtual printer, however, acts just like a desktop printer. Once you have installed it you simply select the PC2Paper printer option from your list of printers, add the address you want the letter to go to and choose your print options from the different types of paper and formats available. Then just enter your user name and password and the letter is automatically transferred to PC2Paper who take care of the printing and posting for you. What a great idea.

Weather balloons could be used to provide mobile phone and broadband services to rural Britain. An American company called Space Data has already used small phone masts attached to balloons to provide wireless internet access to remote areas. The group has supplied military and commercial clients for four years but is now preparing to link with broadband companies to offer services to residential customers. Space Data has patented the service in 41 countries and is now considering the US as a potential market. The service uses a small transceiver attached to a balloon which then rises to an altitude of 30,500m after it has been released. The company says that one balloon can beam a signal to an area equivalent to 80 mobile phone towers. The service does have one drawback, the balloons only last for 24 hours before bursting which means a constant supply has to be released to maintain the connection and the radio equipment on the burst balloon has to be retrieved by a team using location devices.

Northern Rock has scrapped its Together home loan which was launched in 1999. The loan was the first of its kind and allowed homeowners to borrow up to 125% of the value of their property. It worked by securing a maximum of 95% on the value of the property and the other 30% on an unsecured loan which was payable at the same rate as the mortgage. Other big lenders have also recently moved away from offering 100% loans with only one in every ten lenders still offering the product.

Asda will start large scale expansion this year in a plan that will open 22 new stores. The plans will create around 9,000 new jobs both in store and as part of its home delivery service. The first of the new stores will open at Andover in March. Other new stores will open at Dalgety Bay in Scotland and Brigend in Mid-Glamorgan. Several stores will also be extended as part of the plans.

Vodafone and Orange have announced a plan to share mast sites. The deal will see the two companies working together to ensure better coverage for their customers. Sites across the UK will host both Orange and Vodafone equipment. Both 2G and 3G coverage will be involved in the scheme which is likely to mean that the total site numbers are cut by about 15% meaning 3,000 fewer masts. The move is not a merger and both companies will continue to compete with each other.

British Gas has put up its prices by more than 18% meaning it is no longer the cheapest energy supplier. The British Gas Click Energy 4 tariff was the cheapest tariff for many people in the UK. This will now be replaced with Click Energy 5. This new tariff works out about £138 a year more expensive for the average customer.

Scottish and Newcastle are to close its largest UK brewery. The Berkshire Brewery in Reading currently employs 360 people and produces Foster’s and Kronenbourg. It is expected the company will save 13 million a year by closing the site and moving capacity to its other UK sites.

T-Mobile and Orange are to launch a new service that will give customers a live TV service on their mobile phone. They aim to start a trial service in west London in the summer. They plan to broadcast 24 TV channels and 10 digital radio stations although have not yet said what sort of tariff customers would pay for the service. The service will offer both conventional TV channels and some premium channels.

If you need some extra cash to expand your small business you might want to try ezunsercured.com. They specialise in offering small business lines of credit. They offer loans with no collateral and provide a fast approvals process. In fact you can usually have your small business line of credit approved in just 1-3 days with the money reaching your checking account in 3-14 days. All you need to do to apply is fill in the easy to use online form.

Nintendo have sold more then 5 million Wii consoles in Japan. The console has reached the 5 million mark six weeks earlier than it took the PS2 to sell the same amount although surprisingly not as quickly as the Nintendo DS which sold 5 million in just 56 weeks, as opposed to the Wii taking 60 weeks. Figures are currently not available for the PS3 and the Xbox 360

I came across this website that offers small business loans. Called SFS they are based in the US and offer unsecured loans. Unlike most other companies that offer small business loans AFS have no application fees or hidden charges. You can fill in their quick five minute application and one of their advisors will contact you to help you to arrange your small business loan. The process is confidential and secure and your loan will often be approved within 24 to 48 hours so all you have to do is decide how you want to spend it.

EDF have announced a 12.9% price rise for gas and a 7.9% increase in electricity prices. They are the second firm to announce they will raise prices, following npower’s announcement that will raise prices by up to 27%. EDF blame the increasing wholesale and distribution costs for the rise which it says will add about £1.92 each week to the average fuel bill. Other energy providers are not expected to follow suit with similar announcements.

EMI have confirmed that thousands of staff will lose their jobs in cuts proposed the new owners. Terra Firma who now own EMI have said that they will cut the worldwide headcount by between 1,500 and 2,000 in a drive to cut costs. EMI have also recently issued a number of profit warnings and have also undergone a management reshuffle.

If you own a small business and are based in the US, you might want to have a look at Crest Capital. They offer help for small businesses including financing and business equipment leasing. Their aim is to help small companies finance equipment or software that is essential to the growth of their business. They offer a number of solutions including loans and leases, refinances and working capital. The advantage of their solutions is that they can be processed very quickly and can cut out a lot of the red tape which is often associated with getting a loan from a bank.

I was looking around at web hosting and found this company that specialise in small business web hosting. Their plans include hosting, email, virus protection, DNS manager, a blog and a wiki. Their basis plan starts at $13.50 a month and includes 2,000 MB of disk space, 40 GB of traffic, 80 email addresses, 10 domain aliases and $35 of Google Adwords credit. If you require more disk  space you can get 5,000 MB for $37.25 a month or 10,000 for $67.95 a month. These more expensive plans also offer more email address and domain aliases and increased amounts of Adwords credit.

BT has claimed its place as the UK broadband market leader. It has added double the amount of new customers that its nearest rival the Carphone Warehouse has in the last three months. BT now has over 4 million broadband customers compared to the Carphone Warhouse which now has around 2.5 million.

Nintendo has managed to double its profits in six months due to the success of the Wii. The Wii console is still outselling both the Playstation 3 and the Xbox 360. Nintendo are also doing well with sales of the DS console. They are currently expecting to sell around 17.5 million Wii consoles this year.

Microsoft has recently paid $240m for a 1.6% stake in Facebook. This puts the current value of the website at $15bn. Facebook reportedly turned down an offer from Google before agreeing the Microsoft deal.

The Post Office is due to launch a broadband service. The service is aimed mainly at first time users and will be targeted at home phone customers. The service will be launched with a £10m advertising campaign featuring Westlife. The Post Office currently has around 400,000 home phone customers and makes around 10% of its earnings from this side of the business. It will be interesting to see whether this takes off.

Virgin Media are testing a new fast broadband connection that could be twice as fast as BT. Customers in Folkestone, Ashford and Dover are taking part in a pilot scheme that provides a connection at 50 megabits per second. Virgin Media are able to use their cable network to handle more information than traditional phone lines, therefore providing a much faster connection.

Travelodge is offering rewards to members of the public that suggest new sites for development. To suggest a site you can visit their website and fill in a form with your contact details and your proposed location. If your tip results in a new opening they will then pay you £500 per bedroom up to a maximum payout of £150,000.

If you are looking to further your career in finance, you want to take a look at www.accountancyjobsabroad.com They specialise in placing candidates in lucrative tax free locations such as Bermuda, Dubai and the Cayman Islands. The business is run by two qualified accountants who have extensive contacts in the industry and in particular in dealing with offshore locations. So whether you are newly qualified and looking to gain further experience or have many of years and simply want to relocate, they are sure to be able to help.