Two government ministers have now suggested the government is in retreat over Amber Rudd’s foreign workers plan October 9, 2016 Two government ministers have confirmed a dramatic retreat on forcing firms to publish proportions of non-UK staff in their workforce. Home secretary Amber Rudd revealed the plans at the Conservative party conference last week, additionally suggesting the government could “name and shame” companies with a predominantly migrant staff. Rudd had hoped the plan could "flush out" [...]
Dyson sales soar to £1.7bn as Asia Pacific growth booms October 9, 2016 Strong growth in the Asia-Pacific region helped propel manufacturer Dyson's sales last year. The company's sales rose 26 per cent to £1.7bn in 2015 partly due to demand for its purifiers and humidifiers in Asia. The company's profits also rose 19 per cent to £448m. Asia Pacific grew 70 per cent during this period, while Europe swelled 38 [...]
Tour de France extends partnership with Human Race October 9, 2016 Britain may have rejected hosting next year's Tour de France but that hasn't stopped the owners of the French race snapping up one of Britain's largest organisers of mass participation cycling races. The Amaury Sports Organisation (ASO) has paid millions of pounds for Surrey-based events company Human Race according sources close to the deal. The news [...]
The Treasury is to host challenger bank bosses for a post-Brexit summit October 9, 2016 Challenger bank bosses will head to Whitehall tomorrow to lobby the Treasury for better treatment for small institutions. In their first talks since the UK's Brexit vote, lenders will meet City minister Simon Kirby today. According to Sky News, bosses from banks including Aldermore, OneSavings Bank, Secure Trust Bank and Shawbrook will all attend. The banks [...]
Randgold reassures investors after Mali shuts its offices amid tax dispute October 9, 2016 London-listed gold miner Randgold Resources sought to reassure investors after the Malian government closed its offices amid a long-running taxi dispute. Randgold said today that the operations of its three mines there would not be affected by the government's actions. This includes its Loulo underground mines, Yalea and Gara, as well as the Gounkoto open pit mine. "We [...]
William Hill bets on Amaya’s online credentials in £5bn merger talks October 9, 2016 William Hill could be the latest arrival to the the betting industry's merger party, after confirming it was in talks with Canadian online gambling group Amaya. The two are hashing out a prospective all-share merger, which would create a £5bn betting giant. Negotiations are at an early stage but it is understood that a deal [...]
Goldman Sachs to shift 2,000 jobs out of London if goverment pursues “hard Brexit” October 9, 2016 A so-called "hard" separation of the UK from the European Union would prompt Goldman Sachs to shift 2,000 highly paid staff out of London. The loss of Britain's prized preferential access to the single market would lead the Wall Street stalwart to move one in three of its employees to rival financial hubs across Europe, The [...]
Look how much Facebook’s paid in UK corporation tax now October 9, 2016 Facebook's tax bill has sky rocketed in the UK after changing the way its business is structured, however, it has also racked up a credit from the tax man worth millions more effectively cancelling that out. The social network was billed £4.2m in corporation tax for the year to the end of 2015, newly filed documents [...]
BHS.com’s average order value jumps in its first week of trading October 9, 2016 Customers of BHS.com spent more on their individual orders in its first week of trading, a sign that the recently relaunched online retailer's strategy is paying off. BHS.com said that the average order value rose to £65 between the 29th September and 5th October, up from £50 on its old website before the company stopped trading. Read more: [...]
Boeing swoops in to save Monarch with restructured fleet deal October 9, 2016 Boeing looks set to swoop in and rescue low-cost airline Monarch, with a multimillion pound financing package. Monarch had been given a two-week extension by the Civil Aviation Authority (CAA) to its permit to sell holidays and flights in the UK, as the firm said it was on the cusp of lining up its biggest cash injection [...]