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Business news

Listen to the business news to practise and improve your listening skills.

Do the preparation task first. Then listen to the audio and do the exercises.

Preparation

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2
Created on

Listening B2: Business news – preparation

Match the words with the definitions.

1 / 8

a part of a company's profits that are divided among the people who own it

2 / 8

the difference between what something costs and how much it is sold for

3 / 8

money that a business receives over a period of time

4 / 8

when a company announces it will make less money than expected

5 / 8

the number of people who go to an organised event (such as an election)

6 / 8

information about a group of people

7 / 8

a person who owns part of a company

8 / 8

a place where people go to vote in an election

Your score is

The average score is 56%

0%

Transcript

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The first item in the news today is the recent elections that took place across the country. This was a crucial vote, which may see a dramatic change in how the country develops over the coming years. Overall, a 54.5 per cent voter turnout was registered. This represents an increase of 11 per cent over the previous election and six per cent above the average for the past 50 years. There has also been a slight change in demographics, with an increase in youth turnout in the 18- to 24- and 24- to 29-year-old brackets. Despite this increase, young people are still less likely to vote than older people; 84 per cent of voters in the 70 plus age group came to the polling stations.

Moving on, the global digital powerhouse ONK today posted quarterly results which were above forecast. Back in March, Tim Bolling, CEO, issued a profit warning over fears that there would be losses following the recall of their leading product, the 40d device. In fact, the company posted quarterly revenue of US$14.8 billion which represents an increase of 11 per cent from the same quarter a year ago. They also announced that they had sold 21 million 40d devices over the quarter. The company has provided the information that with this level of revenue, there will be a gross margin of 34 to 35 per cent, ultimately leading to a US$1.20 per share cash dividend awarded to shareholders.

And in our final news item we ask, will we soon be saying goodbye to coins and notes forever? The nationwide trend of using cashless payment options is increasing. There are a number of reasons for this development. A key reason for this is a growing interest in reducing the number of items people need to leave their homes with. As almost everyone carries a smartphone with them, and many people also have smartwatches, the ability to pay for things using one of these two technologies is particularly appealing. More and more retailers are accepting cashless payments and in some cases they’ve stopped accepting cash altogether.

Task 1

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10
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Listening B2: Business news – 1

Choose the correct option to complete the sentences.

1 / 6

The election ...

2 / 6

There was a voter increase of ...

3 / 6

ONK ...

4 / 6

ONK posted quarterly revenue of ...

5 / 6

People want to ...

6 / 6

More and more retailers ...

Your score is

The average score is 48%

0%

Task 2

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4
Created on

Listening B2: Business news – 2

Complete the sentences with the words.

1 / 12

1. There will be a number of new __________ opened in time for next year's election.

2 / 12

The government is trying to increase ___________.
.

3 / 12

They specifically want to focus on increasing the number of people from certain _____________, such as the 18–24 age group, or those from ethnic minorities.

 

4 / 12

2. A company's financial report

The company ____________is down seven per cent on this time last year as a result of not enough of our leading products being sold and rising costs.

5 / 12

 It is for these reasons that the _____________ has also fallen

6 / 12

and the company has no choice but to issue a _____________
.

7 / 12

This means that there will be a freeze on _____________

 

8 / 12

to ____________ until further notice.

9 / 12

3. There is an ____________number of people who don't like using cash to make payments.

10 / 12

We have also seen that more and more people prefer to use _____________ options.

11 / 12

Furthermore, there is _____________ in completely removing cash from society.

12 / 12

However, many small shop owners say that this ___________ will be bad for business.

Your score is

The average score is 35%

0%


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