Businesses lack information for post-Brexit planning, research says September 10, 2018 Post-Brexit recruitment strategy planning is “at a standstill” as businesses do not have enough information to draw up proposals, according to new data. More than half of UK businesses said they cannot make post-Brexit recruitment strategy decisions based on the information currently available, research by staffing agency Adecco and human resources body CIPD found. Read more: [...]
Family-owned businesses ‘outperform’ peers in all sectors September 10, 2018 Family-owned businesses outperform their peers across all regions and sectors, and deliver stronger revenue growth and higher profitability, according to new data published today. A longer-term outlook, less of a reliance on external funding and investing more in research and development are all contributing factors to the success of family or founder-owned firms. Read more: [...]
Retail footfall figures dropped in August due to heatwave and inflation September 10, 2018 The summer heatwave and food price inflation halted three months of retail footfall growth on the high street in August. Overall retail footfall dropped by 1.6 per cent on the previous year, with the sharper decline due to rising food inflation, which left shoppers with less money for non-essential items, the British Retail Consortium (BRC) revealed [...]
Bill Gates and Jeff Bezos among backers of £4.5m Wagestream start-up fund September 9, 2018 The founders of Amazon and Microsoft have backed a London start-up that allows workers to access their wages before payday. "Get-paid-as-you-go" platform Wagestream has received £4.5m of funding from supporters including technology billionaires Jeff Bezos and Bill Gates. Read more: Wonga goes under: Controversial payday lender placed into administration Wagestream, which aims to end the "payday poverty cycle", allows [...]
Investigation report into TSB IT meltdown to be fast-tracked September 9, 2018 A report investigating TSB's technology meltdown will be fast-tracked and published before the end of the year. Law firm Slaughter and May is conducting an investigation into a botched IT systems migration in April that left customers unable to access online bank accounts. Read more: Paul Pester steps down as TSB boss amid ongoing IT issues The report will be divided [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
Activist hedge fund Elliott demands restructure at Hyundai Motor Group September 7, 2018 Activist hedge fund Elliott Management has made proposals to restructure Hyundai Motor Group (HMG), after forcing the car manufacturer to abandon its plans. Elliott, which holds $1.5bn (£1.16bn) of shares in the group, has called on Hyundai to install a committee to steer restructuring plans and discuss shareholder returns and board makeup. Read more: UK [...]
US jobs up by 201,000 as unemployment remains low September 7, 2018 The US added 201,000 jobs last month and the unemployment rate remained steady at a historic low of 3.9 per cent, new data has revealed. Job were gained in professional and business services, healthcare, wholesale trade, transport and warehousing, and mining, according to the US jobs report published by the Bureau of Labour Statistics today. [...]
Lira and rand steady as emerging markets sell-off slows September 7, 2018 Struggling emerging market currencies the Turkish lira and South African rand have started to make a recovery after weeks of market turmoil. The lira was trading at 6.46 against the US dollar this afternoon while the rand rallied to 15.14 against the dollar after a testing few weeks for emerging market currencies. Read more: Turkey makes [...]
Vince Cable to step down as Lib Dem leader next year September 7, 2018 Liberal Democrat leader Vince Cable could step down from his role next year, he announced today, as he revealed new rules for leadership contest to take place after Brexit. The Twickenham MP, who has led the party since last year, revealed that he plans to quit "once Brexit is resolved or stopped" in March next year. Read [...]
