Businesses don’t need Labour to adopt a more flexible work week October 3, 2019 Labour’s pledge at its party conference to introduce a four-day working week on five-day’s pay has grabbed headlines and been greeted with concern in some quarters and optimism in others. Questions abound from journalists and employers alike. How could this be achieved? Would it mean shutting offices and factories for a three-day weekend? How much [...]
DEBATE: Is the departure of Dave Lewis a problem for Tesco? October 3, 2019 Is the surprise departure of Tesco chief executive Dave Lewis a serious problem for the company? YES, says Adam Vettese, an investment analyst at multi-asset investment platform eToro. It’s going to be a challenge for Tesco. To say that Dave Lewis will be a tough act to follow is an understatement. He took over at [...]
Ignore the parades, China has no claim to any kind of greatness October 3, 2019 Seventy years ago this week, Chairman Mao Zedong inaugurated the People’s Republic of China after his decisive victory in the Chinese Civil War over the rival Kuomintang. With the defeated Chiang Kai-shek having fled to Taiwan, the new dictator set in motion his vision of what China should look like and aspire to. Much of [...]
Skills shortage to cost small UK businesses £145,000 next year October 3, 2019 Small and medium-sized British businesses face a shortage of skilled employees that will cost them on average £145,000 next year, according to new research. Read more: Brexit prep has cut productivity of UK businesses, says Bank of England The so-called skills gap has widened as a result of “a shrinking talent pool due to Brexit” [...]
Petrol prices fell even as drones struck Saudi oil October 3, 2019 Worries that drone strikes in Saudi Arabia would drive up prices at the pumps for customers seemed unfounded, new data showed as petrol prices fell in September. The cost at the pumps dropped by 0.87p to 127.95 for unleaded petrol, even as diesel rose by a third of a pence to 132.07p per litre. However [...]
City moves for 3 October – Who’s switching jobs at Montagu Evans, Kapten and Hambro Perks October 2, 2019 Today’s City Moves includes Montagu Evans, Kapten and Hambro Perks Montagu Evans Planning and development consultancy Montagu Evans has appointed Jenny Rydon as its new head of healthcare. Jenny joins from built asset design and consultancy firm Arcadis, where she was director and sector leader for healthcare. Before that, Jenny undertook a number of roles [...]
Tesla share price falls after it misses deliveries target October 2, 2019 Shares in Tesla fell as much as six per cent in post-close trading after it delivered fewer vehicles than expected in the third quarter. Elon Musk’s firm delivered a record 97,000 vehicles in the quarter, up 1.9 per cent on the previous three months. However, this was below estimates of 97,477. The total consisted of [...]
Naked Wines sells wine merchant Lay & Wheeler for £11.3m October 2, 2019 Naked Wines today said it has agreed to sell fine wine merchant Lay & Wheeler (L&W) in a deal worth £11.3m. Read more: City grandee Michael Spencer tables bid for Naked Wine dealer L&W The online wine retailer said it will sell the division, made up of Lay & Wheeler Limited and Vinotheque Holdings, to [...]
London forex trader sues Citigroup for $112m over ‘malicious’ prosecution October 2, 2019 A London-based former Citigroup trader is suing the bank for over $112m (£91m), alleging the bank made materially false and malicious statements to US prosecutors which led to him being tried in New York on foreign exchange rigging-charges. Rohan Ramchandani, former European head of the US bank’s forex spot market trading desk, is alleging Citigroup [...]
Nintendo Switch Lite review: The quirky hybrid has become a conventional handheld October 2, 2019 Nintendo has a reputation for updating its consoles mid-generation, not long after launching them, to the extent that it’s become a little risky to be an early adopter. Why spend a few hundred pounds on a device that will be refined into something neater in 12 months, as the Nintendo DS was with the DSi, [...]