Tuesday morning business bulletin

Boost for British Christmas shoppers; Vodafone raises guidance for full-year revenues; British Airways flyers face price hike.

A shopping trip to the Big Apple could cut Christmas spending by hundreds of pounds, figures out today show.

The weak dollar means a selection of 19 popular consumer goods are around 30% cheaper on average than in London, according to price comparison website PriceRunner.co.uk.

An iPod Classic was nearly £32 cheaper in New York at an average price of £127.09.

Shoppers could pay nearly £107 less for a Canon Digital IXUS 850 IS camera which is priced at an average £146.30 in the Big Apple.

Mobile phone giant Vodafone today raised guidance for full-year revenues after posting a forecast-beating interim profits haul.

The group has upped its revenues target by more than £1bn to between £34.5bn and £35.1bn for the year to the end of March.

Vodafone said its recent acquisition of fixed-line operator Tele2 in Italy and Spain would help boost full-year figures, as well as a tight control on costs and foreign exchange rate advantages.

British Airways flyers were facing another hike in ticket costs today after record oil prices forced the airline to raise its fuel surcharges for the third time this year.

The move comes as the carrier faces a £2bn annual fuel bill for the first time following the spike in oil prices, which drew near US$100 a barrel last week.

Cable & Wireless announced today its international boss Harris Jones is quitting - less than three years before he was set to receive a bonus windfall worth potentially more than £20m.

Mr Jones is understood to be stepping down at the end of the year with a "golden goodbye" worth just under £5m.


David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer