WH Smith agrees to cut hospital store prices September 23, 2015 WHSmith has agreed to lower prices of some products in its hospital stores after an investigation revealed that the retailer was charging significantly more for some items than on the high street. The chain came under fire from Labour MP Paula Sherriff, who sits on the House of Commons select committee, following reports by the BBC this summer that WHSmith [...]
How much are employees really worth to their companies? Apple, Google, and Microsoft show tech companies have highest revenue per employee September 23, 2015 How much are employees really worth? And how much would every person in a company get paid if they earned their value? Shell’s workforce would consist of 94,000 multi millionaires, according to a study by Expert Market, and every Apple employee would get paid just over £1m. The value of employees at the world’s top [...]
Chancellor George Osborne announces North Powerhouse deal as part of China visit September 23, 2015 George Osborne unveiled a deal this morning for a major Chinese investment into three Northern Powerhouse schemes that will create 10,000 new homes, after a controversial visit to a Chinese region at the centre of a human rights row. The chancellor became the first serving government minister to visit Urumqi, in the region of Xinjiang, northwest China, [...]
Uber’s new carpooling service Uber Commute could change your commute September 23, 2015 Uber is trialling a carpool tool which allows people on longer drives to pick up extra passengers they can split the cost with. The new service, called Uber Commute, will be piloted in Chengdu, China first, but the plan is to expand to the rest of the world, Uber said in a statement: Over time [...]
Volkswagen chief executive Martin Winterkorn statement: Car boss asks for “trust in our journey” – but there is no mention of resignation yet September 23, 2015 Embattled Volkswagen chief executive Martin Winterkorn has said he would do anything for trust… but he won't do that. In a video statement issued this afternoon, Winterkorn said the car giant would do "everything necessary to reverse the damage. And we will do everything necessary to win back trust – step by step". It [...]
BBA Aviation’s share price down as it sets out deal to buy Carlyle Group’s Landmark Aviation for more than $2bn (£1.3bn). September 23, 2015 BBA Aviation's share price was down in mid-morning trading on the back of news that it could buy out private equity-owned Landmark Aviation for more than $2bn (£1.3bn). The British aircraft services provider confirmed this morning that it was making a $2.065bn offer for the Carlyle Group-owned business, which will be partly funded through a [...]
WANdisco share price slumps after posting another loss September 23, 2015 WanDisco's share price fell more than 10 per cent in early trading as the software group revealed yet more losses this morning. The figures The Aim-listed firm's overall loss for the first half of the year narrowed from $18.5m (£12.1m) 12 months ago to $17.1m, but the pace of change appears to be slower than [...]
FTSE 100 carbon reporting: After the Volkswagen emissions scandal, how do Britain’s blue chip companies stack up? September 23, 2015 Still reeling from the Volkswagen emissions scandal, FTSE 100 companies’ own carbon reporting has now been put to the test – and financial companies have been found wanting. BT has been named the FTSE’s greenest company, as the telecoms group was lauded for its “rigorous and far reaching carbon strategy” by Carbon Clear, the organisation [...]
Volkswagen recall: Deutsche Bank cuts Dax forecast as emissions scandal hits German share prices September 23, 2015 The fallout from Volkswagen's emissions scandal could hurt the wider German market for the next 18 months, Deutsche Bank has warned. The German lender this morning cut its forecast for the Dax for both 2015 and 2016. It now expects the blue chip index to end this year at 10,300 points – 1,000 points lower [...]
Volkswagen boss Martin Winterkorn could be replaced by Porsche chief Matthias Muller by Friday as emissions-cheating scandal escalates September 23, 2015 Volkswagen boss Martin Winterkorn is under growing pressure in the job as the car giant suffered a second day of billion-dollar losses to its share price following the emissions cheating scandal. Berlin newspaper Der Taggespiegel is reporting that VW's supervisory board will meet tomorrow, ahead of a conference scheduled for Friday when it is [...]