Business

MPs have slammed the senior levels of management at Carillion for its untimely demise. Carillion’s auditor KPMG, was also heavily criticised, with MPs claiming they were “complicit” in the company’s “questionable” accounting practices. A hugely damning report, that runs to 100 pages, has been compiled by two select committees on the matter. One of the most shocking findings is that Carillion’s directors focused on bonus pay-outs to senior executives even as the firm teetered on the brink of collapse. Additionally...

Arriving late, wearing inappropriate clothes - and bumping a colleague’s vehicle in the car park are among the biggest blunders made by employees on their first day at work, a study has found. A poll of almost 3,000 workers revealed almost half have made a bad first impression after having a terrible or humiliating start to a new job. Others arrived to find they were completely over-dressed, spilled tea everywhere, got lost en-route to the office and said something inappropriate...

As the date to leave the EU comes ever closer another company is jumping ship before Brexit actually begins. This time it is Thomson Reuters who have said they will shift their foreign exchange derivatives trading to Ireland. The outfit will relocate to Dublin so they can continue to do business within the EU. There are fears of a mass exodus of companies, especially in financial services, in the run up to Brexit. A spokesperson said: “Thomson Reuters has commenced...

Almost one third of UK employees would NOT feel comfortable talking to their manager about mental health problems for fear of being judged, a study found. Researchers who carried out a detailed study found in excess of nine million workers would ‘dread’ discussing their mental wellbeing with their superior. According to the data one fifth fear they would be ostracised, while another 36 per cent think confiding in their boss would hamper their career. And 71 per cent STILL consider...

Sainsbury's boss Mike Coupe was caught singing to himself between TV interviews, regarding the merger of Sainsbury's and ASDA. He sang: "We're in the money while sipping on a coffee from Cafe Nero. Sainsbury’s and Walmart-owned Asda have agreed terms for a merger worth some £12bn. He later apologised for the 'unfortunate choice of song' At least 75 ASDA stores could close in merger with Sainsbury’s, according to new analysis. The recently-announced merger will create Britain’s biggest supermarket chain, but...

At least 75 ASDA stores could close in merger with Sainsbury’s, according to new analysis. The recently-announced merger will create Britain's biggest supermarket chain, but regulators could be looking to see how many Asda stores are in close proximity to Sainsbury’s before giving it the go-ahead. Early research has revealed that while almost half Asda stores had a Sainsbury’s in the same postal district (the first half of the postcode, known as the ‘outcode’), many of these were Sainsbury’s Local stores,...

Sainsbury's has confirmed plans to merge with Asda, which is currently owned by US supermarket giant Walmart. The supermarkets said that grocery prices would fall in both chains as a result of the merger. The ASDA head offices in Leeds West Yorks., as the Wal-Mart company announces a merger deal with rival Sainsburys, April 30 2018. Sainsbury's chief executive Mike Coupe said the deal would lead to no store closures and no job losses in stores. The combination of the...

British Overseas Territories are playing a huge role in laundering dirty money from Russia, analysis of figures from the IMF and Russian Central Banks has revealed. The amount of money held by Russians in the UK is dwarfed by the amount held in the British Overseas Territories, which include some of the world’s most significant tax havens. The Global Witness report, Missing the Bigger Picture, is released as politicians have called for a crackdown on criminal and corrupt cash from Russia...

Do you have what it takes to start up a new business? - Try our quiz below. These top 20 challenges that a study of 500 entrepreneurs found were the toughest to conquer for a new business. Nearly one-fifth of those polled said they worked a minimum of 13-hours every day in their first year of setting up their business, with seven per cent slaving away for 16 hours or more every day. One entrepreneur confessed the hardest thing about...