Mercedes-Benz snaps up stake in Aston Martin in engine pact December 19, 2013 GERMANY’S Daimler said yesterday it will receive up to a five per cent stake in luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the 100-year-old British firm. Aston Martin will team up with the German car maker’s high-performance Mercedes-AMG GmbH division to develop a new generation of bespoke V8 [...]
RWE Npower to slash 1,400 UK jobs and shut down three sites November 27, 2013 ENERGY giant RWE Npower is set to cut 1,400 UK jobs and close three sites in the North East of England. A further 570 jobs will be transferred to another provider in 60 days. The lost jobs will be transferred to India as sites at Peterlee, Thornaby and Stoke are shut down. Trade union the [...]
Labour loses union money September 4, 2013 THE GMB union yesterday said it will slash its donations to Labour by £1m a year, in protest at Ed Miliband’s attempts to weaken the role of the trade unions in the party. Its existing £1.2m contribution to party coffers will be reduced to just £150,000 – and it will also curb spending on other party campaigns. [...]
Bank holiday strike at Stansted August 12, 2013 Stansted’s baggage-scanning staff have voted to strike over the August bank holiday over backdated pay cuts proposed by employer Mitie. The GMB union said 92 per cent of the workers who voted were in favour of the walkout. Mitie employs around 40 people to scan checked-in luggage before it is loaded onto planes.
Stansted workers head to Acas August 13, 2013 Baggage-scanning workers at Stansted Airport are heading to dispute resolution with Acas tomorrow in an attempt to avert planned strike action over the August bank holiday. Around 40 staff, who are employed by outsourcing group Mitie and represented by the GMB union, called the strike on Monday over a backdated pay cut imposed in June. [...]
London workers more productive August 7, 2013 City residents account for nearly three times the GDP output per person than the UK average, according to a new study by trade union GMB. GDP using the purchasing power standard (PPS) per individual measure for people living in inner London is 2.92 times the UK average and 3.28 times that of the 27 countries [...]
Engineering merger off as Amec gives up Kentz chase September 12, 2013 After a bid on 19 August, engineer Amec has given up on a purchase of smaller peer Kentz, concluding that "it does not intend to make an offer" (release). Amec's first proposal valued Kentz at £660m, an offer that shareholders found unappealing. Kentz have also commented on the withdrawal of Amec's offer (release): As previously [...]
City inhabitants nearly three times more productive than UK average August 7, 2013 City residents account for nearly three times the GDP output per person than the UK average, according to a new study by trade union GMB (release). The study measures GDP using the purchasing power standard (PPS) per individual, which is intended to eliminate differences in purchasing power between regions and countries. By this measure, GDP [...]
Bizarre bequest results in funding boost for coalition August 16, 2013 Eyebrows were raised this morning when it was revealed that the top individual donor to political parties in the second quarter of the year was one “Ms Joan L B Edwards” who gave the Conservatives £420,576 and the Lib Dems £99,423. Ms Edwards has not shown any particular interest in politics in the past so [...]
Bizarre bequest results in funding boost for coalition August 13, 2013 Eyebrows were raised this morning when it was revealed that the top individual donor to political parties in the second quarter of the year was one "Ms Joan L B Edwards" who gave the Conservatives £420,576 and the Lib Dems £99,423. Ms Edwards has not shown any particular interest in politics in the past so [...]