Galliford Try cuts 350 jobs as turnaround plan pushes shares up May 21, 2019 Galliford Try has announced it will axe 350 of its workers in a bid to make the business more profitable, as the struggling building firm grapples to streamline its operations. Read more: Galliford Try cuts 350 jobs as turnaround plan pushes shares up The firm, which last month warned the plans to scale back its [...]
How tax is transforming in the digital age January 17, 2020 Driven by a desire for more revenue, greater efficiency and improved compliance in an atmosphere of shrinking resources, tax authorities are increasingly relying on digital tax data gathering and analysis — using digital platforms to facilitate real-time or near real-time collection and assessment of taxpayer data. This move toward tax “digitalisation” is allowing tax authorities [...]
Government ‘knew for years’ that HS2 will blow its budget August 27, 2019 The government has known for years that HS2, Britain’s controversial new high speed railway, is running over budget and behind schedule, it is reported. The Department for Transport (DfT) and HS2’s managers knew at least as early as 2016 about the project’s troubled outlook, according to documents seen by the BBC. Read more: Why it’s [...]
Heathrow climate change protest arrests rises to 18 September 14, 2019 The number of people arrested by police during a climate change protest at Heathrow Airport has risen to 18. Activists threatened to fly drones in Heathrow’s exclusion zone as part of the Heathrow Pause campaign. Read more: Heathrow Airport remains open as signal jamming blocks devices The police have arrested 18 people on suspicion of [...]
Former Federal Reserve chairman Paul Volcker dies aged 92 December 9, 2019 Paul Volcker, the Federal Reserve chairman who slayed rampant US inflation in the 1970s and 1980s, has died aged 92. The towering figure of international finance passed away on Monday, his daughter told the New York Times. He had reportedly been suffering from prostate cancer. Read more: The economy is slowing – can central bankers [...]
UK firms keen to hire but skills shortages a problem July 29, 2019 In the second quarter of the year 60 per cent of British firms tried to hire new employees, according to a new survey, in the latest sign of strength in the job market. Read more: UK unemployment stays at 54-year low as wages tick up Meanwhile, 30 per cent of employers said they expect to [...]
UK service sector ‘close to stagnation’ as economy slows July 3, 2019 The UK service sector came close to registering zero growth in June as Brexit uncertainty dented demand, according to data provider IHS Markit and the Chartered Institute of Procurement & Supply (CIPS). Read more: UK construction sector suffers worst output in 10 years The poor performance indicates the economy has slipped into contraction for the [...]
Is your star employee all they’re cracked up to be? September 6, 2019 YOUR star employee brings in the money, keeps the customers smiling, and boosts your online reviews. On the surface, they are driving your business forward single-handedly. You can’t imagine things without them. They’re indispensable, and the thought of them leaving brings you out in a cold sweat – the firm would never survive. But is [...]
Fresnillo shares fall as it slashes production guidance July 17, 2019 Shares in miner Fresnillo fell today as the firm lowered production guidance for the year after hitting delays and poor-quality ore. The company said that production of silver in the second quarter hit 14.4m ounces, down six per cent year-on-year. Read more: BHP iron production rebounds after cyclone hit third quarter Meanwhile gold production fell [...]
Number of companies entering administration leaps by a third in the third quarter October 22, 2019 The number of companies entering administration jumped by more than a third during the third quarter of the year, analysis published today showed. A study of notices in the London Gazette by accountancy firm KPMG showed a total of 417 companies went into administration between July and September 2019, compared with 310 in the previous [...]