Tuesday, 23 April 2019

Tag Archives: business

Tesco to merge with food wholesaler Booker in £3.7bn deal

THE grocery giant said the tie-up will create “the UK’s leading food business” and deliver significant cost savings for the combined group. Booker is the country’s largest wholesaler and owns the Londis and Budgens convenience store brands. The companies said the deal would bring “benefits for consumers, independent retailers, caterers, ...

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China launches first freight train to BRITAIN

LONDON: The first freight train travelling all the way from China to London has set off – on a journey that will cover a staggering 7,456 miles and pass through nine countries. The locomotive, stuffed with £4million worth of goods including socks and suitcases, departed from Yiwu West railway station ...

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Women face ‘sexist dress codes’ at work, report

A study into workplace dress codes has found “troubling” experiences affecting female workers forced to adhere to “sexist dress codes”. Women workers have been instructed to dye their hair blonde, wear revealing outfits and reapply make-up, a parliamentary report has found. Parliament held an inquiry into dress codes in the ...

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Banks could start revealing their Brexit plans as early as next month

LONDON: Banks may update investors on whether they intend to move operations out of London as soon as next month. UK-based lenders are finalising Brexit contingency plans to decide how much of their business they need to shift oversees to maintain relationships with international clients. Banks could start making announcements as ...

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Zero-hours contracts workers ‘face £1,000 pay penalty’

LONDON: Workers on zero-hours contracts typically earn £1,000 a year less than permanent employees, according to Resolution Foundation research. People on the controversial contracts face a “precarious pay penalty” of 6.6%, or 93p an hour, the think tank has estimated. For those who earn the least, the size of the ...

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UK business morale hits 18-month high in the fourth quarter

  LONDON: Morale in large British companies hit an 18-month high in the fourth quarter, bolstered by robust economic growth and recovering fully from a slump that followed the Brexit vote, a survey showed on Thursday. However, uncertainty about Britain’s divorce from the European Union meant businesses were still loath ...

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Most British companies are optimistic about the future post-Brexit

LONDON: Nearly two-thirds of British businesses are “optimistic” about their future in the wake of the Brexit vote, a major survey has disclosed. A poll of 34,000 companies by the Institute of Directors found that 60 per cent of businesses are “optimistic” or “very optimistic” about the year ahead. The businesses, predominantly ...

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UK third quarter GDP growth revised up to 0.6%

LONDON: The UK economy grew by 0.6% in the third quarter, according to official figures, faster than previous estimates. Growth for the July-to-September period had originally been estimated at 0.5%. New data from the Office for National Statistics (ONS) suggested that the business and financial sector was more active than ...

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Meet the new boss

ALTHOUGH he styles himself as a chief executive who can turn the country around, Donald Trump is an outsider in the world of American business. His commercial operation is tiny by the standards of the country’s mega-firms and few of their bosses have ever viewed the president-elect as an equal ...

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