Business

The scandal at RBS doesn’t look like it will over anytime soon after a powerful parliamentary committee discovered more worrying business practices. They said that the vast majority of managers at scandal hit RBS restructuring group, GRG, were handed jobs back in a “new” company, supposedly breaking from past issues. The new unit was set up after the unethical practices at GRG had been exposed, for example one memo to staff said “let customers hang themselves.” GRG was supposed to...

A new site has been launched that offers discounts on big ticket products by pooling consumer demand for them. The site, which claims to be the first "social marketplace", connects users and merchants, allowing them to bulk buy products and drive down the prices. Items such as cameras, hoovers and VR technology are being sold at up to 40 per cent off their market price because merchants are selling to entire communities of customers rather than just single punters. According to...

Yesterday Jeremy Corbyn set out Labour’s vision for a post-Brexit Britain; he wants the UK to remain part of the customs union to maintain a stable trading block with our European partners. Mr Corbyn also hoped that a “bespoke” arrangement could be reach to ensure that there was no hard border between North Ireland and the Republic. In response to the speech, the CBI (Confederation of British Industry), were glowing with praise to the Labour leader. Carolyn Fairburn, CBI director...

Realising most other employees are younger than you, being able to poke fun at your boss and having your own mug are all signs you’ve become ‘part of the furniture’ at work. A study of 2,000 office workers has revealed the top 40 indicators that you’ve been in your job too long, including being able to tell if someone has fiddled with your chair settings and colleagues knowing exactly how you like your tea. For a third of employees, being...

The delivery company who have been involved with the almost complete shut down of KFC has been accused of mistreating its staff. The GMB union claims workers who have shown nothing but loyalty to DHL and are now being thrown out of their jobs through no fault of their own. GMB, the union for warehouse and distribution workers, has accused DHL of ‘doing the dirty’ after staff were given the double hammer blow of losing their jobs and their enhanced...

In news which will anger huge swathes of the public, not the least the staff who have lost their jobs since the collapse of the outsourcing giant; it has been revealed a top exec at the company made a killing before Carillion’s demise. Richard Adam was the finance director between April 2007 and December 2016, sold off shares between 1 March 2017 and 8 May 2017. He cashed them in for £775,921 only twelve months later they would be worth...

Claims he would need to take out a loan for any fine he gets for failing to disclose information to pensions regulators.

Spencer Gunn has always been a visionary, a man ahead of his time. Born with entrepreneurial spirit, it’s no surprise that over the last 3 years as CEO, the East Londoner has taken global digital X-ray imaging specialists, Direct Conversion to new heights. The 52-year old’s journey to success has taken him on many different paths, but one thing has stayed consistent, his commitment to caring for his products and his people. This philosophy has stuck with Spencer throughout his...

RBS have come under fire from the Government after a full report into RBS business practices have been branded “disgraceful.” The Treasury Select Committee released its report into RBS' restructuring unit and "profit centre" GRG and it is damning. RBS claimed that the problems were caused by a few rogue employees, but the report has dismissed that as false. Royal Bank of Scotland operated the GRG from 2005 to 2013. At the unit’s peak it handled 16,000 ­companies. In 2008...