Over 65s face less inflation than millennials due to the supermarket price war July 19, 2016 The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]
Languages will become a more valuable resource for UK firms after Brexit July 19, 2016 English has long been considered the lingua franca of business. But when Britain leaves the EU, the proportion of native English speakers inside the bloc will fall from 14 per cent to 1 per cent, and senior EU officials have questioned whether English should remain one of its official languages. It’s important that UK businesses [...]
Four reasons you’re running team meetings all wrong July 18, 2016 According to the Many-Worlds Interpretation of Quantum Mechanics, there are an infinite number of universes where everything that could happen has happened. Which would mean that somewhere in this multiverse the England football team are the current World and European champions, Jeremy Corbyn is Prime Minister, and Danny Dyer has won an Oscar. There [...]
Here’s how much the typical millennial will earn over their lifetime – and why Brexit could make it even worse July 18, 2016 The typical millennial earned £8,000 less during their 20s than the previous generation, a new report has suggested. Figures by think tank the Resolution Foundation suggested the younger a millennial is (it's a pretty wide definition – anyone between 15 and 35), the less they're likely to have earned during their 20s. In fact, the [...]
The chief executive of Sempertex explains how he came to head up the third-largest latex balloon manufacturer in the world July 18, 2016 Before his “epiphany” in 1978, Oswald Loewy had been studying chemical engineering. “One day, I suddenly realised that it was time to return home and work in the family business. My father was unwell and, although I’m one of seven, I was the eldest – the others were too young to help.” Now middle-aged, the [...]
Debrett’s Ask the Expert: There are ways to discuss the referendum, religion, politics – even if your view is different to most of your colleagues July 18, 2016 Q: When discussing certain topics with my colleagues I often find that I’m the odd person out. While I’ve tried to stay away from debating the usual hot topics such as politics or religion, the recent referendum and its consequences mean I’d have to play deaf, dumb and mute to dispel an office ambush. Should [...]
These are the roles most likely to get the chop following a merger July 18, 2016 If your company is going through a merger, research out today suggests you might want to polish off your CV if you have a boardroom position in charge of cash or computers. The study by DHR International discovered 43 per cent of director-level jobs are dropped from companies a year after they merge, with technology and [...]
Ageing small business owners urged to focus on succession planning July 18, 2016 Small business owners could be risking their financial future by failing to adequately prepare for retirement, according to an accountancy firm. With the average age of directors at the UK’s small and medium-sized companies nearly 55, and one-third over 60, Moore Stephens has raised concerns too few are putting the time and effort into managing [...]
O2 owner Telefonica UK chief executive Ronan Dunne is leaving the company July 15, 2016 O2 boss Ronan Dunne has announced he is leaving the company after 15 years with the group, eight of which were spent at the helm. Dunne will step down from the board of O2 owner Telefonica UK, a subsidiary of Spain's Telefonica, on 31 July. He will be replaced by finance chief Mark Evans, who joined the group in January [...]
How to stop your boss from clobbering you at work July 15, 2016 Q: I’ve got a problem with my boss. He’s smart, dynamic and makes the office fun, and in most ways I really enjoy working with him. But quite regularly, in a jokey way, if he wants to make a point, he feels it’s alright to slap me on the arm or the back with a [...]