Auto-enrolment contribution rates are far too low says Webb July 27, 2016 Former pensions minister Steve Webb demanded that more needs to be done to encourage saving for retirement after the latest auto-enrolment data was released today. Four years after the Pension Regulator introduced the initiative, six million people – or 66 per cent of the working population – have now signed up for the workplace pension. But the concern is that [...]
Flybe warns of “uncertain outlook” due to French fears and Brexit July 27, 2016 Shares in troubled airline Flybe continued to slide today as its boss admitted the outlook for the company is “very uncertain”. The share price of the Exeter-based airline has more than halved since the start of year and the first quarter results released today failed to arrest such a decline with shares falling over seven [...]
Pest controller unveils technology to track rodents roaming around buildings July 27, 2016 Rentokil hailed a “new era in pest control services” as it launched a tie-up with Google that will enable customers to track rodents online. The pest control firm already has 20,000 digital traps across 12 countries. The new technology, developed with PA Consulting, now means that the traps can be connected to an online portal [...]
One in seven pensioners are now working through their retirement July 26, 2016 Over one million pensioners are now having to work to supplement their income according to figures released today. Thirteen per cent of over-65’s are earning an average of £15,400 per year to top up their pensions, a report by MetLife revealed. This compares to eight per cent of pensioners doing so ten years ago. However, [...]
Simplicity is the key to success at Games Workshop July 26, 2016 Spending hours carefully painting a model of a fantasy mythical creature isn’t everyone’s idea of a good time. But Nottingham-based Games Workshop continued a track record of profitability when it released its annual results today. “We have a simple strategy at Games Workshop. We make the best fantasy miniatures in the world and sell them globally at [...]
Investment Association calls for greater flexibility to “rebuild trust” July 26, 2016 The Investment Association urged greater flexibility on executive pay in a report released today. The proposals, labelled as a “far-reaching” plan to “rebuild trust”, were released this afternoon. They centred on giving companies greater powers to elect a remuneration strategy that reflects their individual needs. Nigel Wilson, chairman of the five person working party, said: “I believe the 10 recommendations outlined [...]
The Royal Mint hails best results in over a thousand years July 26, 2016 The Royal Mint unveiled record-breaking results today as it announced its largest ever annual revenues. Revealing a bumper top line of £361m, up 39 per cent on the previous year, the government-owned company said that a key driver of the growth was its increased share of the US silver market. The results were hailed by the company as the [...]
Top executives to be put under further pressure to disclose pay ratios July 25, 2016 Britain’s largest companies will be pressured into publishing the ratio between executive and average workforce pay by a working party report to be released tomorrow. A working party set up by the Investment Association – which includes key business leaders – will recommend such disclosure of boardroom pay, but will stop short of making it compulsory, according to Sky [...]
Bupa confirms permanent positions for Bourke and Linton after board shake-up July 25, 2016 Bupa today rubber-stamped its interim board changes from earlier in the year. The British healthcare provider announced that former finance chief Evelyn Bourke would take the reins as chief executive on a permanent basis, with interim finance chief Joy Linton also having her role confirmed. “We are delighted to appoint Evelyn as chief executive of Bupa. I [...]
