Good day/bad day

A round-up of today’s good and bad business stories

As Friday’s business draws to a close, we take a look at who has had a bountiful 14 October and who is facing the weekend with their heads in their hands. Who will be quaffing champers tonight and who will be knocking back tinnies in the park?

Champagne

Google – The internet giant has broken the $1bn mark in UK revenues, reporting a revenue surge in the third quarter. And Google + its new social network has already had 40 million users sign up. Larry Page, chief executive of the web search giant, said: “People are flocking into Google + at an incredible rate and we are just getting started”.

Tinnies

Asos – Online retail champions Asos has reported a substantial drop in growth in the UK. Chief executive Nick Robertson claimed he felt that tighter budgets meant people were more eager to try clothes on before buying them.

UK retail sales growth slowed to 1 per cent in the second quarter from 15 per cent in the first quarter sparking an 8 per cent drop in share price.

Champagne

Apple – The iPhone 4S went on sale today and Apple Stores all over the globe have seen huge queues all day as Mac lovers flock to get their hands on the upgraded phones. The company is already recording impressive pre-release sales and is expected to sell three million handsets this weekend. (Double celebration – see below)

Tinnies

Samsung – Following a high profile battle with Apple, Samsung has had its Galaxy smartphones banned in several European countries. Apple claimed Samsung copied technology it owned relating to the way photos are displayed.

Champagne

UK energy firms – Britain’s big energy firms have received a boost in profit margins thanks to hikes in fuel prices.

Tinnies

RBS – Royal bank of Scotland has been named the “most vulnerable” bank in Europe by Credit Suisse analysts. They could be forced to raise £17bn to shore up its capital ratios – a figure higher than any other European lender.

Social Bookmarks