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 […]
Category: News Wire
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All iPhones, iPads and Mac computers are affected by microchip flaw that leaves devices vulnerable to hackers, Apple says
Apple has said that all iPhones, iPads and Mac computers are vulnerable to a major security flaw that leaves the devices open to hacking.
IFS: living wage increases are automation threat to jobs
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 […]
Shares in spread betting firm Plus500 soar thanks to bitcoin boom
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 […]
Chief executive pay falls almost £1m as ‘Fat Cat Thursday’ arrives
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 […]
Trump administration blocks another major takeover
The Trump administration blocks another high-profile takeover of a US company, this time leaving Alibaba’s founder disappointed.
Apple leads race to become world’s first $1tn company
Tech giants likely to pass record valuation if share price rises echo 2017 performance with Amazon, Google, Microsoft and Facebook in with a chance
Next lifts profit forecasts
Next has delivered a surprise lift in festive sales and marginally upgraded its profit guidance after beating City forecasts.
Patisserie Valerie seeks investors’ dough to bake Gail’s bid
Patisserie Valerie is preparing to tap investors for tens of millions of pounds as it bakes a takeover bid for the company that owns Gail’s, the chain of artisan cafes.
MPs condemn rail fare increase
Prices will rise by 3.4% on average, sparking protests at dozens of train stations as ‘passengers pay more for less’
Business world shocked at death of ‘hugely respected’ Compass boss Richard Cousins
Richard Cousins, the chief executive of FTSE 100 catering company Compass who was tragically killed alongside his family in Sydney on Sunday, was widely credited as one of the most astute businessmen of his generation.
U.S. judge rejects delay of foreign entrepreneur immigration rule
A federal judge in the U.S. has ordered the Department of Homeland Security (DHS) to rescind its delay of a rule that allows some foreign entrepreneurs to stay in the United States to grow their companies, court documents show.
Royal Mail half-year profits fall by 30%
Royal Mail’s half year profits have fallen by nearly a third as its UK parcels and letters business slipped to a loss – and it warned of further pressure on earnings due to a wrangle with unions.
Poor productivity outside south-east England hurting UK economy
Worker output in London and satellite cities far outweighs that in places such as Stoke and Doncaster, says Centre for Cities thinktank
Dyson sues ex-chief executive over leaked secrets claim
Billionaire Sir James Dyson’s company is suing former chief executive Max Conze claiming he leaked the company’s secrets.