Tesco profits leap 28% after turnaround

Tesco reported a 28.8 per cent rise in profits as the turnaround under boss Dave Lewis who took the helm four years ago after an accounting scandal, reaps its strongest results. The leading supermarket giant posted annual pre-tax profits of £1.67 billion, ahead of forecasts while revenue grew 11.2 per cent to £63.9 billion. Comparable…

Welsh scientist on the forefront of Stem cell cure for blindness

Tests on three American blind patients – two men and a woman- who were legally blind produced exciting results according to Olav Hellebo, CEO of UK bio-tech Firm ReNeuron in Bridgend ,Wales. Before the procedure the three could read only the largest group of letter on a special eye test chart, as they had retinitis…

Dogs cleaner than men with beards

Men with beards harbour more germs in their whiskers than dogs carry on their fur according to Professor Andreas Gutzeit of Switzerland’s Hirslanden Clinic. In the study scientist wanted to discover if there was a risk that humans might pick up a dog-borne disease from an MRI scanner that was alsao used for examinations by…

Enchanting tales

Betsy K Glory who lives on an island, “ that has been left off the map of the world” among whose native inhabitants is an ex-princes cursed into shape of a toad by her giantess sister. Bosty’s father an ice-cream maker and her mother a mermaid. Princess Albee’s only hope being restored to human form…

Debenhams rejects Ashley final offer and goes into administration

Debenhams has gone into administration and its lender have taken control, after struggling department store chain rejected a last-minute offer of financial support from Sports Direct, its biggest shareholder. The group announced it had appointed FTI Consulting as administrator, and it had immediately sold the operating subsidiaries to anew company control led by its lenders.…

Saudi Bond Aramco fundraising lifted to £9.12bn ($12bn)

Saudi Aramco increased the amount it will raise in its first international bond sale to $12bn after attracting a record breaking $100bn in orders, far exceeding previous highs for emerging market borrowers out stripping the $67bn of demand Saudi Arabia itself saw in its 2016 government bond market debut. The Saudi state-backed oil producers order…

The Black hole of M87 galaxy

Astronomers have captured by the Event Horizon Telescope (EHT) the first ever image of a black hole, which is located in a distant galaxy, 500 million trillion Km away and was photographed by a network of 8 telescopes across the world. The black hole measures 40 billion km across – three million times the size…

Storm kills six in Rio

Six people have been found dead so far in a fierce storm in Morro da Babilonia, a favela in Leme in Rio, Brazil. Two lived in Leme and third man fell off a motorcycle and was dragged under a parked car in Gavea., aw the man was unable to get out from under the vehicle…