Texas Instruments is to close its factory in Greenock, Scotland resulting in nearly 400 job losses January 27, 2016 Texas Instruments (TI), the Nasdaq-listed electronic parts manufacturer has announced it is closing its factory in Greenock, Scotland, which could result in the loss of around 400 jobs. TI said it would be closing the factory in the Inverclyde area over the next three years, and moving its operations to "more cost-effective" 200-millimetre factories in Germany, Japan and [...]
EU referendum: Prime Minister David Cameron cancels trip to Denmark and Sweden to meet with European Commission President Jean-Claude Juncker January 27, 2016 Prime Minister David Cameron has cancelled a trip to Denmark and Sweden this week and will instead sit down with European Commission President Jean-Claude Juncker for crunch talks ahead of next month's European Council meeting. Downing Street said this afternoon that the Prime Minister will travel to Brussels on Friday to meet one-on-one with Juncker to [...]
Managing taxes in the sharing economy: People who make money through Uber, AirBnB and Etsy could be under-stating their profits – and HMRC is coming to get you January 27, 2016 The self-employed tax return deadline is only days away, leaving the many individuals that have made money through sharing economy services like Uber, AirBnB and Etsy struggling to work out what, if any, tax they have to pay this 31st of January. But they have to get clued up fast because Revenue & Customs recently announced [...]
Law firm Slater and Gordon considers closing two of its UK offices, with potential job losses for staff January 27, 2016 Law firm Slater and Gordon is considering shutting two of its UK office, putting 51 jobs at risk. A spokesperson for Slater and Gordon confirmed to City A.M. today: As part of a review of our property portfolio Slater and Gordon has begun assessing the feasibility of closing two of our offices, Failsworth and Derby. [...]
Britain’s worst trains: London’s passengers are the unhappiest as Thameslink, Southeastern and Southern trains voted worst for customer satisfaction January 27, 2016 Commute into London? Feel like it's the worst journey in the world? Quite possibly, you're right. Thameslink, Southeastern and Southern have been voted the worst train companies in the UK, with passengers on their services the least satisfied in the country, after being rated on everything from how much room there is to stand and how helpful [...]
Apple shares are falling in pre-market trading with “peak Apple” fears after rcord revenue but iPhone sales slowdown January 27, 2016 Apple shares are down more than four per cent before US markets open after reporting record revenue (again), but a slowdown in smartphone sales. Fears of a slowdown in the tech titan's business have sparked concern among investors. “With the Street widely expecting a softer March guide, we would characterise a 50 million-plus iPhone unit bogey as ‘better [...]
PMQs today: Prime Minister David Cameron turns tables on Labour over £130m Google tax deal January 27, 2016 Prime Minister David Cameron was forced to defend the government's approach to collecting corporation tax today after Labour leader Jeremy Corbyn questioned Google's £130m back taxes deal. "We're talking about tax that should have been collected under a Labour government, raised by a Conservative government," Cameron said at Prime Minister's Questions (PMQs). "No government has done more than [...]
EU referendum: Britain leaving the European Union could cut net migration by 100,000, according to Migration Watch UK January 27, 2016 Britain leaving the European Union could reduce net migration by 100,000, according to pressure group Migration Watch UK. The group, which campaigns for cutting migration to the UK, today released a report that found Brexit would lead to net migration falling dramatically from its current level of 180,000. "It is time to examine possible alternative [...]
Payment data is dangerously exposed as mobile payments soar January 27, 2016 With mobile payments on the rise, a new reports warns that critical security flaws are exposing financial data to attacks. More than half of companies admit that their payment data has been exposed to a security or data breach, showed the survey from Ponemon Institute and Gemalto, with attacks occurring on average twice a year. [...]
CBI director-general Carolyn Fairbairn says UK businesses is still too geared to men, wants one in four senior executives to be women January 27, 2016 British businesses are still too "geared up" for men, Confederation of British Industry (CBI) director-general Carolyn Fairbairn will say this week, as she calls on firms to do more to promote women to senior leadership roles. In a speech tomorrow at City law firm Latham & Watkins, Fairbairn will say that companies need to look "beyond boards" and focus [...]