Labour calls for workers to sit on company boards September 23, 2018 A Labour government would introduce laws requiring businesses to reserve a third of board seats for workforce representatives, party leader Jeremy Corbyn announced. Under the policy, revealed as Labour launched its annual conference in Liverpool over the weekend, employee directors would be elected by the workforce and paid at a level equal to other board [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Lidl set to open 38-acre warehouse in Leeds September 17, 2018 Budget supermarket Lidl has announced it will open a new, 38-acre warehouse site in Gildersome, Leeds, as part of its plans for long-term expansion. The new location will operate as a regional distribution centre for the company, and is expected to create around 500 jobs. Lidl is currently undertaking a £1.45bn expansion, with 16 distribution [...]
Lidl set to open 38-acre warehouse in Leeds September 17, 2018 Budget supermarket Lidl has announced it will open a new, 38-acre warehouse site in Gildersome, Leeds, as part of its plans for long-term expansion. The new location will operate as a regional distribution centre for the company, and is expected to create around 500 jobs. Lidl is currently undertaking a £1.45bn expansion, with 16 distribution [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
World Economic Forum: AI will create more jobs than it takes September 17, 2018 Fears of mass displacement of jobs caused by the advent of automation and the rise of workplace robots have been overstated, according to a new report by the World Economic Forum (WEF). The Swiss think tank, which runs the Davos networking event, said that the impact of robots on work would be a “net positive”. [...]
World Economic Forum: AI will create more jobs than it takes September 17, 2018 Fears of mass displacement of jobs caused by the advent of automation and the rise of workplace robots have been overstated, according to a new report by the World Economic Forum (WEF). The Swiss think tank, which runs the Davos networking event, said that the impact of robots on work would be a “net positive”. [...]
Blippar raises extra £28m as losses build up September 17, 2018 Augmented reality (AR) company Blippar is raising another $37m (£28.2m) from investors as it attempts to tackle mounting losses, Sky News reported. The company, whose over $1bn valuation has drawn scepticism, secured commitments for funding the last few weeks, the broadcaster said. The fundraising will lift the total amount of capital it has raised since [...]