Virgin staff on parental leave get year’s pay up to 100 per cent of basic salary June 7, 2015 Sir Richard Branson’s Virgin will offer staff who take shared parental leave after the birth of their child up to a full year’s pay, under new policies announced today by the fitness-to-financial services giant. The government introduced new rights in April allowing parents to share up to 50 weeks of leave and 37 weeks of [...]
Sainsbury’s, Waitrose and Asda recall “gluten free” products over fears they contain gluten June 7, 2015 Three of the UK's biggest supermarkets are warning customers the “gluten-free” products they bought may contain gluten. Asda, Sainsbury's and Waitrose have all issued statements recalling certain products branded as gluten-free, ranging from pitta breads to pizza bases and pancakes. On its website, Asda said: It has been brought to our attention [...]
Deutsche Bank co-CEOs Anshu Jain and Juergen Fitschen resign, John Cryan to step up as replacement June 7, 2015 The co-chiefs of Deutsche Bank are resigning amid increasing pressure from investors over their management of a series of problems to have beset the bank. The German bank was hit with a £1.7bn fine over Libor manipulation in April, which co-CEO Anshu Jain took ultimate responsibility for, while fellow co-CEO Juergen Fitschen is embroiled in a legal [...]
Netflix to debut in Italy and Portugal in October June 6, 2015 Netflix is to take to the stage in Italy and Portugal this October, to add to the more than 50 countries where it is already available. In an announcement this Saturday in California Netflix made the big reveal, just days after it announced the service would soon be available in Spain. In March, the company [...]
Tesco: What assets has it sold off and what’s heading to the checkout as billion-pound South Korea sale considered? June 5, 2015 Streamlining, belt tightening, slimming down: call it what you will, but Tesco assets are making their way through the checkout at a swift pace, as the troubled supermarket attempts to raise funds for its turnaround. The latest item heading for the bagging area after reporting its biggest ever loss, is part of its large and [...]
Merlin Entertainment share price falls after it closes four rides June 5, 2015 Shares in Merlin Entertainments fell 1.2 per cent to 5.5 p in late afternoon trade after it announced the closure of four rides following an accident earlier this week. The theme park owner said today that Saw at Thorpe Park, The Smiler at Alton Towers, as well as Dragon's Fury and Rattlesnake at Chessington World [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
Student Adam Armstrong changed his name rather than pay £220 Ryanair fees after booking error June 5, 2015 Something must be rotten in the state of Ryanair when it turns out to be cheaper to change your name and buy a new passport than get the airline to correct a mistake on a ticket. But that is precisely what happened to Adam West – nee Armstrong. He was facing a charge of [...]
UK Oil and Gas Investments share price rockets on new Horse Hill oil report estimating more oil June 5, 2015 Shares in UK Oil and Gas Investments rocketed by as much as 52 per cent in early trading after it published a new report on the amount of oil located at Horse Hill near Gatwick. Shares in the Aim-listed oil exploration firm were suspended yesterday pending the announcement. The new report estimates overall oil in place (OIP) [...]
Vodafone confirms talks with Liberty global but rules out merger June 5, 2015 Vodafone today confirmed it's in early stage discussions with Liberty Global over a possible asset swap, although it quashed speculation surrounding a potential a merger between the two telecoms giants. The announcement followed media reports that the British telecoms giant had entered into informal talks with the US cable giant. Vodafone's share price fell 2.2 per [...]