Nearly half of workers in the UK have at some point quit due to bad management, according to a report from the Chartered Management Institute. "People don't understand what it is to be a manager and they're not prepared for those jobs properly," Ruth Spellman, CEO of the institute, said Tuesday.

Vodafone plans to double its cost-savings program to £2 billion. The UK group said its current cost-cutting program is running ahead of schedule and the additional cuts will come by 2012. "There's a problem with the margins," Michael Kovacocy from Daiwa Institute of Research Europe, said as to why the Vodafone's shares are down.

UK house prices rose at their strongest rate in almost 3 years in October, the Royal Institute of Chartered Surveyors stated Tuesday. "There's no doubt that a shortage of stock is compounding some of the problems in this market place," Simon Rubinsohn from RICS said. He sees prices continuing upwards as demand eclipses supply.

Nearly 50% of companies have maintained or increased profitability in the past year, research by Kingston University found. It said many small-to-medium-sized businesses are sharing strong profits and growth due to their ability to quickly react to changing markets. Chris Pieroni from Workspace Group discusses the report.

UK retail sales rose at their fastest annual pace since April and enjoyed the best October in seven years, the British Retail Consortium reported Tuesday. "The High Street has done well," Stephen Robertson, director general at the BRC said. "It's good news that not only has food performed well but also non food."

"We do need more competition in the banking sector," Lord Norman Lamont, former Chancellor of the Exchequer, told CNBC Tuesday. "I know we haven't got it right yet," he said.

The sea is the limit for Nautical Petroleum as they prepare statements of permission to develop two oil production sites in the North Sea. “We’re in a very good space at the minute because we are a British company borrowing against British assets,” Steve Jenkins, CEO of Nautical Petroleum & Chairman of The Oil and Gas Independents' Association told CNBC Monday.

There is not much doubt that Kraft will make a bid for Cadbury Monday, according to Martin Deboo from Investec. This deal won’t end quickly however as Kraft is “almost certainly going to bid low, and I think we are set for a prolonged siege probably lasting until well after Christmas,” he added.

UK Business Secretary Lord Mandelson and Olympics Minister Tessa Jowell joined London 2012 organizers to launch a £700 million tender for goods and services to British companies. Mandelson, Jowell and LOCOG Chairman Lord Sebastian Coe expounded on the tender to CNBC. Mike Mulvey, CEO of CompeteFor, discusses further.

Egyptian gold miner Centamin debuted on London's main market Friday, after being listed on AIM for the last 8 years. "We're bringing open-pit mining to Egypt for the first time for precious metals," CEO Josef El-Raghy said of their bulk mining technique.