The UK has shot up the corporate fraud rankings with an annual spike in incidences January 17, 2017 Fraud incidents have shot up at UK businesses during 2016, catapulting Britain towards the summit of global corporate fraud rankings. Over the last 12 months the proportion of British businesses saying they had been affected by fraud jumped from 74 per cent to 90 per cent. Read more: Rolls-Royce to pay £671m to settle corruption [...]
Welcome words: The City reacts to the Prime Minister’s Brexit speech January 17, 2017 The City came, it saw and it reacted to the Prime Minister's long-awaited speech on Brexit. Here's a round up of the nuggets of wisdom so far: Mark Boleat, policy chairman of the City of London Corporation "We welcome the Prime Minister’s ambition to retain the greatest possible access to the single market, which is important [...]
Train drivers’ union Aslef suspends all upcoming Southern rail strikes as train operator agrees to new talks January 17, 2017 Train drivers' union Aslef will suspend industrial action on Southern rail, after the train operator agreed to new talks, starting tomorrow. The union's general secretary Mick Whelan said: "I am today proposing a new process to find a resolution to our industrial dispute with Southern." Whelan added: "Aslef believes that the best way to resolve the dispute at [...]
Theresa May must be even bolder to make Global Britain a free-trading success January 17, 2017 “Fear not, we are of the nature of the lion.” – Queen Elizabeth I There was just enough in Theresa May’s speech today to reassure those who campaigned to leave the EU. Crucially, she made clear that we are definitely leaving the Single Market and taking control of our borders. She suggested only a great [...]
Abellio agrees to sell 40 per cent of Greater Anglia franchise to Japanese firm Mitsui January 17, 2017 Abellio is selling 40 per cent of its Greater Anglia rail franchise to Japanese firm Mitsui. Managing director Dominic Booth said the company had "fulfilled our long-standing objective" of running the franchise as a 60:40 joint venture and the deal will deliver "significant improvements" for Greater Anglia's customers. Abellio won the Greater Anglia franchise again [...]
MEPs vote to put robots on the agenda to tackle safety and legal concerns January 17, 2017 MEPs have started on a European health and safety standard for robots – before the fracking toasters short circuit and become our overlords. Or before other countries like Japan and the US establish their standards first. A “kill” switch and creating a status for “electronic persons” that would bear legal responsibility are among recommendations that MEPs on [...]
Germans leave Brexit behind as economic sentiment recovers from July lows January 17, 2017 Confidence in the German economy has risen to its highest point since before the UK’s Brexit vote, according to a long-running survey of business in Europe’s largest economy. The ZEW Indicator of Economic Sentiment for Germany increased slightly in January 2017. The indicator rose by 2.8 points to reach 16.6 points, although this was less [...]
Insurers quietly optimistic over May’s Brexit plans but sector confidence plummets to six-year low January 17, 2017 The insurance sector welcomed the Prime Minister’s Brexit plan as “a step in the right direction” but warned confidence among firms was at its lowest level since 2011. Prime Minister Theresa May’s proposals of a “phased implementation” were welcomed by the Chartered Insurance Institute (CII), which believed it would lead to a greater degree of certainty [...]
Rio Tinto hit iron ore targets while prices were up in 2016 January 17, 2017 Rio Tinto stepped up production while prices were up in 2016, according to its fourth quarter production results. The figures The global mining firm's iron ore shipments of 327.6m tonnes were in line with revised guidance, up three per cent from 2015. In 2017, the company expects to ship 330m to 340m tonnes of iron ore. Aluminium production [...]
Finnair’s UK ambitions take flight with Flybe codeshare extension January 17, 2017 Finland's flag carrier has bolstered a codesharing deal with Flybe to amp up its UK connectivity. Finnair is extending its UK network with new codeshare services on Flybe flights between several European cities and the UK. The airline's codes will be added to the following Flybe services when a Finnair flight is also included in [...]