Some companies are offering unlimited paid holiday, but it’s not all it’s cracked up to be May 16, 2019 Unlimited paid holiday might sound too good to be true, but some British businesses are now using this perk as a way to attract employees. As a general rule, the more trust that is placed in someone, the better they behave, while a happy employee is a more productive employee – one who is far more [...]
Gender agenda: Time for the finance world to up its game May 16, 2019 Next month will be one year since the Treasury Committee published its report on Women in Finance. But has anything happened over this period to provide a ripple of hope for change? To set the scene, back in 2015 the government appointed Jayne-Anne Gadhia to lead a review on women in financial services. In response [...]
DEBATE: As Julian Richer hands over company shares, are staff-owned firms better for the economy? May 16, 2019 As Julian Richer hands over company shares, are staff-owned firms are better for the economy? Scott Corfe, chief economist at the Social Market Foundation, says YES. Companies with significant employee ownership schemes tend to have higher productivity – which is exactly what the UK needs right now. Poor productivity performance is a key reason why, [...]
With increased scrutiny of the profession, it’s time for auditing to be in the public interest May 16, 2019 Auditing in the UK is undergoing unprecedented scrutiny, and the magnifying scope is focusing on all aspects of the sector. The myriad reviews, some of which are ongoing, are being conducted by regulators, politicians and government departments, each separately looking at audit’s effectiveness, competition across the sector, and its future in general. Most notably, the [...]
Nestle confirms talks to sell £8bn skincare unit to EQT-led consortium May 16, 2019 Nestle is in talks with an EQT-led consortium to sell its skincare arm in a deal valued at SFr 10.2bn (£7.9bn), the companies confirmed today. Representatives of the two groups have entered exclusive negotiations over the future of Nestle Skin Health, which was brought into the Swiss conglomerate in 2014. Read more: Nestle considers selling [...]
Wework reports $264m loss ahead of stock market debut May 15, 2019 The We Company, the parent company of office space provider Wework, reported losses of $264m (£205m) in the first quarter of this year ahead of its highly anticipated stock market debut later this year. Net losses fell by $10m from $274m last year as revenue continues to double annually and the number of large customers [...]
Investors in forex trading firm Hudspiths could lose millions as company faces CVA May 15, 2019 Investors in a forex trading scheme that promised stellar returns could lose millions of pounds as the company teeters on the brink. Swindon-based Hudspiths fought off a winding up petition in the High Court today brought by 31 creditors who said they are owed £5m. The case has been adjourned until 12 June to allow Hudspiths [...]
Chris Tremlett: With Bairstow and Buttler firing England have the best ODI batting line-up in the world May 15, 2019 If the last two games have shown us anything it’s that the sky is the limit for England’s batsmen. Twice in the past week they’ve scored over 350 in One-Day International victories against Pakistan. It’s happening so frequently now that it’s really no longer a surprise. England have the best 50-over batting line-up in the [...]
Euronext profit falls in first quarter as acquisitions make a dent May 15, 2019 Profit fell at European exchange Euronext in the first quarter of 2018, as the consolidation of its purchases of Ireland’s stock exchange and software company Commcise proved costly. Read more: Norway all but hands victory to Euronext in Oslo Bors battle Euronext, which received the green light to buy Norway’s Oslo Bors exchange on Monday, [...]
Best of the Rest XI: The Premier League’s top performers this season outside of the Big Six May 15, 2019 This season’s individual accolades have been awarded and, unsurprisingly, the vast majority went to players at Liverpool and Manchester City, with the leftovers for players at other Big Six clubs. But the Premier League is home to another 14 teams who have shown an array of talent this year. Here is City A.M’s Best of [...]