Business

An estimated 50,000 importing businesses across the UK were negatively impacted when the pound dropped 20 per cent against the euro in the aftermath of the EU vote – with the average importer seeing their profits fall by 12 per cent over the past year, new research has revealed. With this week marking one year to go until ‘Brexit Day’ (when Britain ends its membership of the European Union at 23:00GMT on Friday 29 March 2019) a study from global...

Amazon.com is a mammoth company with $571 billion as market cap. On S&P 500, its shares are the 4th largest and still going persistently. Below are good reasons why Amazon shares are good as long-term investment. Amazon is piloted by its founder Amazon was launched on 1994 by CEO Jeff Bezos. He is very passionate about his company and obviously takes good care of its performance than non-founder CEO’s can. Surveys have studied that companies led by founders have a...

Women in banking face a ‘double glass ceiling’; one when being promoted to management and another when being promoted to executive roles, according to new research from the SKEMA Business School Observatory on the Feminisation of Companies. Although women make up 52 per cent of banking sector employees globally, they average only 38 per cent of middle managers and 16 per cent of executive committees. These are the findings of Professor Michel Ferrary’s ‘Gender Diversity in the Banking Industry’ report,...

A damning study has raised more serious questions about the benefits of Brexit after it was revealed one in seven EU companies with UK suppliers has moved part or all of their business out of Britain. A survey of over 2,000 supply chain managers by the Chartered Institute of Procurement and Supply (Cips) showed that commercial links have already been heavily disrupted as part of the Brexit process, with a third of UK suppliers forced to increase their prices because of a weaker...

Young people are now more likely to set up their own small business than any other age group. According to new research almost 69 per cent of new businesses set up in the past five years were started by those aged between 18-34. And 27 is the age Brits are most likely to take the risk of starting a company by themselves. Gary Turner, MD and co-founder of Xero, which carried out the study, said: “Small business owners don’t always...

New research has unearthed a series of shocking stories of London business owners who have been forced out of their premises because of spiralling rents, with one committing suicide after a 200 per cent rent increase. 230 small businesses have united to call on London politicians to join them in confronting the capital’s affordable workspace crisis. Members of the East End Trades Guild will meet the Hackney and Tower Hamlets mayors on Tuesday and ask them to commit to their agenda​....

A campaign to get employers to pay for candidates' travel expenses has been launched in support of boosting the UK labour force and improving social mobility. Debut, the student and graduate careers app, will lobby Government to introduce guidelines for employers to proactively offer travel reimbursement for all ‘in-person’ interviews, to better support the UK’s labour force and improve social mobility. The campaign is in response to research which revealed that the average cost of attending an in-person interview is...

Protectionist trade tariffs signed by Donald Trump show the dangers faced by the UK post Brexit, union GMB has warned. This week the US President officially sanctioned a 25 per cent tariff on steel imports, 10 per cent on aluminium, and is now threatening a tax on cars entering the US, together with a threat to ignore the protections on foodstuffs of specific geographical origin - posing a threat to Scotland’s whisky industry and Cornish pasty production. GMB says the...

Over 500 workers at the Hinkley Point C nuclear site have refused to work and many are currently staging a sit in protest, in the staff canteen. One construction worker, who didn't want to be named said: “The site was shut down from Thursday until late last night, due to the bad weather. However, the management have refused to pay our wages or any subsistence, and left us all out of pocket. "The workers were told this via a text...