Outsourcing costs jobs

Somerfield plans to outsource its IT department to India with the loss of up to 120 jobs at its Bristol head office. The outsourcing is part of a drive to "improve and support the business strategy", said a spokesman.

£7m cuts in electricals

Asda is making £7m of price cuts across its electricals range in the run-up to Christmas. It is also devoting more store space to digital cameras, iPods, computer equipment and computer software.

Innocent scoops

Innocent Drinks has scooped two awards at this year's National Business Awards. The smoothie manufacturer won the 3i Growth Strategy of the Year and the Business Innovation of the Year awards.