Business
Hinkley Point delay called ‘bonkers’ by union
A VIP tent was being set up at the site yesterday, but the champagne was literally put back on ice, as the nuclear plant at Hinkley Point was delayed today. Philip Hammond, gave his full backing to Hinkley Point C only two weeks ago, saying: “We have to make sure the project goes ahead.” Environmental groups will welcome the delay and will hope that this signals a cancellation in the controversial scheme. However, the GMB union has described the delay as...
Consumer confidence in UK at 26 year low due to Brexit
More depressing Brexit fall-out news, as household and manufacturing confidence is the lowest it has been since 1990. The study was carried out by GfK, a market research company, and the index indicated the sharpest month on month drop for almost thirty years. Fears about the economic future of the UK post Brexit have dramatically damaged the confidence of UK manufactures and households alike. People are lot gloomier about their own personal finances and are less likely make big ticket...
Most common Customer Relationship Management mistakes
As part of our business advice series, TheLondonEconomic.com spoke to Neil Slater, General Manager at DMC Software about the Most Common CRM (Customer Relationship Management) mistakes that businesses make. Whilst Customer Relationship Management (CRM) solutions have been around for a long time now, many businesses are still finding that their solution is not living up to their expectations. Adopted as part of a vital strategy for growth, they have become a tool for all businesses to enhance their customer management, and...
London PR firm refused to share building with ex-offenders’ charity
A PR firm has taken a harsh stance against a charity who wanted to move into the same building as them. According to City A.M. Lee Publicity, a fashion and home PR business would not accept a charity that helps female ex-offenders to get into work, to locate themselves at the same address. The charity, Working Chance, was set up to provide workshops to women who have been in trouble with the law. They run seminars to help the offenders...
Highest-Paid CEOs Run Worst-Performing Companies
The multi-million pound pay packages handed out to CEO’s don’t actually improve the companies they work for, in fact it makes them worse. A newly published study by corporate-governance research firm MSCI has highlighted this issue. They ask the simple question: “Has CEO pay reflected long-term stock performance? In a word, ‘no.’” Many people have complained about huge salary boosts to heads of companies, now these increases don’t actually improve business performance; there will be questions raised why these packages...
“Much worse” than Robert Maxwell, says MP probing Sir Philip Green
The pressure of Sir Philip Green has continued today as the chairman of the Commons Committee that probed BHS’s collapse believes that the retail boss is worse than Robert Maxwell. Robert Maxwell, siphoned off millions of pounds from the pension scheme at the Mirror Group. After the scam was uncovered, a year later in 1991, he died while out on his yacht and fell into the sea. Frank Field MP stated that Green held enough money to fill the pensions...
‘Not treated as humans’, findings of report into Sports Direct
Mike Ashley’s retail empire is under fire again. A new report by the Business, Innovation and Skills committee has accused Sports Direct of not treating his workforce as humans. Ashley, who runs of Europe’s largest retail operations and Newcastle United, must personally be held accountable for the companies operational failures. One MP even said the retail giants working practices were like a Victorian workhouse. Ashley recently had to appear in front of MPs due to the business being investigated for...
UK economy at worst level since 2009 due to Brexit
New Data has indicated that the UK economy is really struggling due to Britain’s vote to leave the EU. The pound has fallen after additional claims the economy could contract by 0.4% in the third quarter of 2016. Data from Markit’s Purchasing Manager’s Index (PMI) shows a “dramatic deterioration,” in the economy. These levels have not been seen since the banking crisis, which saw the Government step in to save a number of the United Kingdom’s major banks. The PMI...
UK growth forecasts cut by IMF due to Brexit
The successful Leave campaign during the EU referendum has “thrown a spanner in the works” of the global economies recovery. The IMF (International Monetary Fund) has just cut the UK growth forecast for 2017 citing Brexit as the reason for the slow down in the British economy. During the lead up to the vote, the IMF was vocal in its support for Britain to remain part of the European project. The warnings about an economic downturn fell on deaf ears,...