Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
HSBC has agreed to pay just over $100m (£72m) in penalties to settle a US Department of Justice probe into currency rigging. The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction “in recognition of HSBC’s cooperation during the investigation and its extensive remediation”, reports The Telegraph. […]
Apple said it will bring hundreds of billions of overseas dollars back to the US, pay about $38bn (£27bn) in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30bn in the US over five years and will create 20,000 […]
The head of the Serious Fraud Office has said there must be no let-up in the way financial criminals are pursued after the UK leaves the European Union.
Proposal sees 300 metres cut from runway in effort to help reduce costs to £15bn, but opponents say move changes forecasted economic benefits
The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation, putting tens of thousands of jobs at risk.
Theresa May has summoned a group of City chiefs for talks about the prospects for a post-Brexit trade deal that would safeguard the interests of Britain’s financial services industry.
Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan. The report, which models five possible […]
A record Black Friday helped John Lewis post strong growth in the run up to Christmas but the employee-owned retailer warned intense competition and a “volatile” economy would weigh on its full-year results.
Car manufacturer Vauxhall is to cut another 250 jobs at its plant in Ellesmere Port, bringing the total number of redundancies announced over the past three months to 650.
Businesses across Britain are short of workers across scores of sectors and at all skill levels, putting pressure on bosses to hike salaries, recruiters are warning. Companies are reluctant to raise pay when productivity has been stagnant but have found themselves with no choice as staff, from minimum wage entrants through the professions and all the […]
In UK 2.5bn disposable cups are thrown away each year, of which less than 0.25 per cent are recycled, according to environmental audit committee report MPs are calling for a 25p charge on takeaway coffee in a move that could see disposable cups banned in five years time, reports The Guardian. In the UK 2.5bn […]
Apple has said that all iPhones, iPads and Mac computers are vulnerable to a major security flaw that leaves the devices open to hacking.
A report urges “extremely careful” monitoring of statutory pay increases, warning automation poses a threat to lower-paid jobs. Increases in minimum wage levels risk raising the pace of mechanisation in the workplace, according to the Institute for Fiscal Studies (IFS). A report for the economic think tank urges “extremely careful” monitoring of wage rates over […]
Price jumped 130 per cent last year amid growth in use of derivatives products that allow investors to gamble on cryptocurrencies The growth in gambling on the yo-yoing value of cryptocurrencies using risky derivatives products has helped boost the profits of the financial spread betting firm Plus500, reports The Guardian. The London-listed company’s shares rose […]
Britain’s top bosses have seen their pay packets slashed in the face of mounting pressure from politicians and from investors. The average FTSE 100 chief executive earned £4.5m in 2016, down from £5.4m in 2015, according to the High Pay Centre and the Chartered Institute for Personnel and Development, reports The Telegraph. It takes earnings […]
