Could Capita’s move to put workers to boards fix capitalism’s crisis? May 14, 2019 Capitalism is being questioned in Britain more intensely than for decades. Some want to destroy it. Others believe that it is the only economic system which works, but want to reform it. I am in the latter camp. Part of the debate around Brexit has centred on preserving workers’ rights, enshrined in EU law. But rights [...]
US markets follow Europe downwards as China announces retaliation tariffs May 13, 2019 US markets have followed their European counterparts sharply downwards after the bell, following China's announcement of retaliatory tariffs on $60bn worth of US goods in the latest development in the two countries' trade war. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The US’s S&P 500 opened down 1.8 per cent [...]
Can you afford to be out of the stock market this summer? May 8, 2019 By Jemma Jackson from interactive investor. With lots of potential banana skins for financial markets around, we discuss investment tactics for the warmer months ahead. The days when the City was swapped for Ascot, Wimbledon, Henley and Lords en masse are long gone, and whether senior trader, private investor, or anything in between, we are [...]
The disability employment crisis must end – it’s time for businesses to step up May 8, 2019 It may be 2019, but for a million disabled people across the UK, it feels like 2009. A generation of educated, motivated and ambitious individuals have been sidelined because of mistaken, outdated attitudes about what disabled people can achieve. The harsh reality for disabled people is that time has stood still – it’s as difficult [...]
Kraft Heinz to restate earnings in wake of employee misconduct May 6, 2019 US food giant Kraft Heinz admitted today that it will have to restate nearly three years of financial results after discovering evidence of employee misconduct. Kraft Heinz said in a filing announced in the US this morning that an internal probe had uncovered errors on a number of transactions concerning suppliers and procurement, causing misstatements [...]
British Boeing supplier Senior warns 737 Max groundings will hit profits April 25, 2019 Engineering firm Senior this morning warned margins in its aerospace division will take a hit from Boeing’s production cuts in the wake of its 737 Max planes being grounded across the globe. Read more: The worst may still be yet to come for Boeing, after 737 Max disasters Senior makes components used in commercial and [...]
Chilango, burrito bonds, and London – the boss of the Mexican food chain talks about the virtues of crowdfunding April 8, 2019 After interviewing Eric Partaker, the co-founder of burrito chain Chilango, he says I should try the food at his elaborately decorated restaurant on Cannon Street. I ask what he recommends, and instead of picking from the regular menu, he suggests I sample the “Noah’s Ark” – a lunch box containing all the meat options. A [...]
Drones, Gatwick, and the future: how this new aerial technology can benefit the UK economy and the public good April 7, 2019 New technologies always stir emotion, and as we’ve seen with the drone incidents at Heathrow and Gatwick, they can even result in new legislation. Following the announcement by the government and Civil Aviation Authority regarding an extended no-fly zone and stop-and-search powers for police, it is clear that the time is right to increase our [...]
If you want to close the gender pay gap, avoid these quick fixes April 2, 2019 This Thursday, 4 April, is the deadline for private and charity sector employers to submit reports on the gender pay gap within their organisation. The fact is that most employers have a gender pay gap, and the reasons behind them will differ in every case. Here are some of the most common pitfalls to watch out [...]
Here’s how the banks are working to become worthy of your trust April 2, 2019 More than 10 years have passed since the financial crisis of 2008, which had enormous repercussions for people’s welfare and the economic stability of many countries. There have since been major developments, many of them in the area of financial regulation. Regulation and the sanctions of the law have an important part to play in [...]