Yahoo to spin off Alibaba shares in wake of shareholder pressure January 27, 2015 Internet giant Yahoo will spin off its shares in Chinese e-commerce giant Alibaba in a tax-free transaction. Yahoo currently owns 15 per cent of Alibaba group and will create another company made up of its stake worth around £26bn. Yahoo shareholders will receive all of the company's 384m Alibaba shares. "Yahoo believes this transaction will [...]
Apple smashes records with jump in revenue and soaring iPhone sales January 27, 2015 Apple's results are in, and Tim Cook will have good reason to smile tonight. For the quarter ended 27 December iPhone sales shot up 46 per cent to 74.5m units, far outpacing analysts' forecasts of 65m. The tech giant enjoyed a record first-quarter profit of $18bn at $3.06 per share. Analysts were expecting Apple to [...]
City Link: Jon Moulton tells MPs “we killed ourselves to try to save this company and we failed” January 27, 2015 Jon Moulton, the boss of Better Capital that owned City Link has spoken of his deep regret at the attempt to turn around the failing company.“We killed ourselves to try to save this company and we failed" he said. Over 2,700 City link workers were made redundant on New Year's Eve after it was announced [...]
Unison suspends NHS strike after new offer January 27, 2015 The Unison union has called off plans NHS workers to walk out on 29 January. After bitter disputes over pay with Health Secretary Jeremy Hunt, the union said a new offer from the Department of Health would be put to its members. Unison was joined in its to suspend strike action by Unite, GMB and [...]
Tories are winning the race for policy recognition January 27, 2015 With just 100 days to go until the General Election voters may already be tiring of the political parties endlessly repeated policy pledges and sound bite phrases. Why do they keep saying the same thing over and over again? This a frequent complaint of an electorate that has suffer through the repetition of "long-term economic [...]
DLR 48-hour strike suspended after last minute breakthrough January 27, 2015 London commuters can breathe a sigh of relief this afternoon, after it was announced tomorrow's 48-hour strike on the DLR has been suspended. Londoners faced the prospect of further transport chaos capping one the worst months for commuters in recent times. Workers belonging to the RMT union were due to walk out over a dispute [...]
Bombardier sells military aviation training business to CAE January 26, 2015 Aerospace giant Bombardier has agreed to sell military-training business to CAE for $15.9m. The company plans to use the money to focus on its core business. Bombardier's military aviation training business consists of 200 employees supporting NATO training in Canada. Bombardier is the world's only maker of both plains and trains and is headquartered in [...]
Germany warns Syriza to stick with debt reduction and structural reform January 26, 2015 Germany has warned Greece's new government that it must abide by the country's commitments to its creditors. Radical left wing party Syriza triumphed in last night's election standing on a platform of writing off a large part of Greece's debt and reversing many structural reforms. Steffan Seibert, a spokesman for the German government, said Greece [...]
BP announces pay freeze for 84,000 workers thanks to oil price slump January 26, 2015 Oil giant BP has frozen the pay of its 84,000 staff as the collapsing price of oil takes its toll on the FTSE 100. Brent crude has collapsed by more than 57 per cent since the summer, from in $110 to under $50. The company's chief executive Bob Dudley sent a memo to employees notifying [...]
Who are the UK’s happiest and unhappiest workers? January 26, 2015 A new survey released today by the jobs search engine Adzuna has revealed which workers are the most and least satisfied with their pay packets. After years of stagnation and rising prices, some workers have been feeling the pinch more than others. Those most likely to be dissatisfied are workers in the retail sector followed [...]
