Navigation through the interface was rather fluid and apps seemed to launch with an appreciable amount of speed, though we did witness some extended loading times.

ENGADGET: Hands-on with Nokia's Asha 308 and 309 (video) Mobile

Some private equity firms have been accused in the past of taking a gamble with the companies they buy up, by loading them up with debt - something that allows them to reduce the amount of cash they need to invest themselves, and which allows them to deduct the interest payments from their tax bill.

BBC: Republic chain enters administration