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UK services sector grows at fastest pace in 16 years

The latest figures from the Markit/CIPS PMI services index have revealed that the UK services sector, the engine of British economy, grew at its fastest pace since 1997. As expected, the most impressive growth levels were recorded in the financial services sector, bolstered by the housing market, and the business sector.
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Hundreds of BlackBerry UK employees set to lose their jobs

Following the announcement that phone manufacturer BlackBerry is about to slash 4,500 staff worldwide in a bid to significantly reduce operational costs, the company also revealed that hundreds of British staff at BlackBerry’s European headquarters in Slough will be made redundant.