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October 22, 2018 by Admin

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Fear of Barclays executive pay cuts prompted Qatari deal, court hears February 19, 2019
Former chairman says ability to offer board ‘competitive rates’ would have been compromised by UK bailoutBarclays’ board worried that executive pay would be cut if the lender failed to raise private funds and succumbed to a government bailout at the height of the 2008 crash, the lender’s former chairman told a court on Tuesday.Marcus Agius […]
Carmakers quitting Britain won't blame Brexit – it's not in their interest | Phillip Inman February 19, 2019
Business leaders know that mentioning the B-word just isn’t worth the risk of souring consumer sentimentIn 2012 a wave of anti-Japanese nationalism gripped China. Angry crowds burned down Japanese-owned factories, smashed Japanese-made cars and pelted Tokyo’s embassy in Beijing with eggs. It was an experience that jolted Japanese business leaders and they decided to make […]
What are Brexit contingency plans for pharmaceutical industry? February 19, 2019
With fears over manufacturing costs and future investment, here’s what firms are doingThe carmakers’ road to BrexitHow prepared are aerospace and defence firms?Brexit poses a big threat to pharmaceutical research and manufacturing in the UK, the industry has said, potentially driving up manufacturing costs and deterring future investment.AstraZeneca and other companies have frozen all manufacturing […]
Deal or no deal, UK jobs will remain hard to fill | Larry Elliott February 19, 2019
Brexit might not have much of an effect on the labour market as unemployment hits a record lowAnybody expecting the Brexit impasse to harm the UK’s labour market has so far been proved wrong. Employment is at its highest ever level, the number of job vacancies has hit a new record and the unemployment rate […]
Karl Lagerfeld, Chanel fashion designer, dies aged 85 February 19, 2019
Artistic director who reinvented Chanel had missed haute couture show in JanuaryThe fashion designer Karl Lagerfeld has died aged 85, his Chanel label has said.As one of the most prolific and admired designers of modern times, Lagerfeld’s influence on the fashion industry is unparalleled. Known fondly in fashion circles as “the Kaiser” thanks to his […]
HSBC warns of weak global economic outlook February 19, 2019
Bank’s revenue down 8% as CEO blames Chinese slowdown, trade tensions and BrexitHSBC has warned about a weaker global economic outlook, as the slowdown in China, trade tensions and fears around Brexit hit its revenues towards the end of the year.Europe’s biggest bank reported a 16% rise in 2018 profits to $19.9bn (£15.4bn), disappointing the […]
Blue in the face: Dutch businesses heed furry Brexit monster February 19, 2019
Muppet-like creature has prompted 10 times more firms to take an official ‘Brexit scan’A furry blue monster aimed at spurring companies in the Netherlands to take Brexit seriously may look slightly odd but seems to be doing a good job, the Dutch government has said.The enormous Muppet-like creature, unveiled in a tweet last week showing […]
UK will apply food tariffs in case of no deal, Michael Gove says February 19, 2019
Speaking at NFU conference, Gove says tariffs would be put in place to protect UK farmersThe government will apply tariffs to food imports to protect British farmers in a no-deal scenario, the environment secretary, Michael Gove, has confirmed.And, contrary to claims by hard Brexiters, he warned that delays were likely in Calais because of mandatory […]
Employers squeezed as job vacancies grow to record levels February 19, 2019
UK firms struggle to find staff as unemployment falls to lows not seen since the mid-1970sRecord numbers of unfilled job vacancies across Britain appear to have strengthened the bargaining power of workers to demand higher wages, amid mounting fears over skills shortages at UK companies.According to the Office for National Statistics, the number of vacancies […]
Honda's Swindon plant closure could lead to 7,000 job losses February 19, 2019
Industry experts cast doubt on Japanese carmaker’s claim that Brexit did not influence moveToday’s latest business developments – live updatesFears are mounting that job losses from the closure of Honda’s Swindon plant could exceed the company’s estimate of up to 7,000, as industry experts and the business minister cast doubt on its claims that Brexit […]