This is what the new British Steel logo looks like June 1, 2016 The new British Steel logo was unveiled during a ceremony at the Scunthorpe Steelworks today. It came as Greybull Capital became the owners of Tata Steel's long products business, which includes the plants in Scunthorpe and mills on Teesside. Read more: Former Tata steel plant exec blames "Anglo-Saxo model" for industry decline It bought the struggling business last month for a nominal fee [...]
What’s the answer to dealing with difficult questions? June 1, 2016 As the debate over whether Britain should leave the EU intensifies we are once again exposed to the interminable dance of politicians being asked questions and subsequently not answering them. Nobody seems to have any idea what will happen. It appears that the Leave Campaign can only repeat horror stories about immigration if we stay, and [...]
Mrs M&S: Why demographic profiling no longer works June 1, 2016 Brands underestimate the power of social media at their peril. Steve Rowe’s comments about targeting ‘Mrs M&S’ last week were treated with derision on social media, with the Twittersphere roundly condemning Rowe’s decision. One user argued that it was “gendered, exclusionary and old-fashioned”, while another explained that Mrs M&S is "so cringey it makes my [...]
A foldable smartphone that fits in your pocket? Samsung’s working on it June 1, 2016 As smartphone screens get bigger, the size of our pockets do not, resulting in a bit of a conundrum when it comes to carrying the thing around (when it' not glued to our palm, at least). Samsung is working on it, however, with plans for a device that simply folds in half and a new patent [...]
Former Tata steel plant exec blames “Anglo-Saxo model” for industry decline June 1, 2016 A former exec at Tata's other European site said that Anglo-Saxon business model led to the industry's decline. Peter Joustra, former managing director at Tata's IJmuiden plant in the Netherlands, said that the British operations fell victim to short-term investment decisions which were aimed at pleasing shareholders. Read more: Tata Steel sells European business to Greybull Capital He added [...]
OECD slashes growth forecasts and says Brexit could spark panic in global economy June 1, 2016 The Organisation for Economic Development and Co-operation (OECD) has warned that a vote to leave the European Union would set off a chain reaction of market turmoil across the global economy. The body said the "most immediate" risk facing the world economy was the prospect of Brexit as it slashed its growth forecasts for the UK [...]
How one set of bean counters is addressing chief executives’ big fears June 1, 2016 After half of chief executives let slip to them in a recent survey that they were concerned about their readiness to respond to a crisis, PwC has come up with a solution. The professional services giant has today launched a new global crisis centre, which will pool together the most experienced talent the firm has for [...]
Pensions committee warns around 11m private sector defined benefit schemes face cuts June 1, 2016 Around 11m promised final–salary-style pensions in the private sector could face cuts, Frank Field, chairman of the work and pensions select committee, has warned. It comes as the committee prepares to launch a wide-ranging investigation into occupational pensions. It's currently looking into the collapse of BHS, with 20,000 people facing at risk of reductions to their [...]
Trump, Thiel and space travel: Three things we learned from Amazon’s Jeff Bezos June 1, 2016 One of the most successful entrepreneurs of the modern world, Amazon founder Jeff Bezos has spoken candidly on pressing issues such as Donald Trump, Peter Thiel versus Gawker and freedom of speech, as well as his childhood passion for space travel. Here are the three things we learned from his talk at Recode's Code Conference in California… [...]