Former Prime Minister part of a new five-member board that will advise Pimco on investments
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
High Street shops ‘face rates shake-up’, says report
High Streets in the UK are set to face radical changes in the amount of money they pay in business rates in future, new research suggests.
HSBC to cut bosses’ pension payouts
HSBC will cut generous pension payments to senior executives to bring the bank in line with other big companies.
Cadbury owner paid no UK corporation tax last year
Mondelez was able to pay no UK corporation tax as a result of a Channel Islands-based bond, despite Cadbury making £96.5m profit in 2014
Accountants warn new red tape cuts bring risk of fraud
Accountancy body ICAEW says raising 11,000 smaller firms out of audit rules could mean crimes going undetected
Google’s mobile tweak hurts UK SMEs
A third of small businesses lost up to half their traffic overnight following the Google mobile update
Scottish firm becomes first UK call centre to pay living wage to all staff
Voca Telemarketing, whose 66 employees earn minimum wage of £6.70 an hour, will boost rate to £8.25 from 1 January
Uber looks to hail investors for another $2bn
Uber is to raise $2.1 billion from investors to accelerate its global expansion and develop additional services for its cab-hailing app.
UK Rail fares set to rise 1.1 per cent in the next year
Next year, rail fares in the UK are going to rise by an average of 1.1 per cent, according to Rail Delivery Group (RDG) – a rail industry body for Britain.
China & South Africa enter business deals worth £4.4bn
China and South Africa have entered into a series of business deals amounting to $6.5bn (£4.4bn), according to reports.
Yacht maker Fairline goes into administration with 450 jobs at risk
Luxury yacht manufacturer Fairline Boats has gone into administration just two months after being acquired by the private equity firm Wessex Bristol – putting 450 jobs at risk.
British motor sector jobs at risk from French power grab
The future of Britain’s largest car plant, Nissan in Sunderland, is under threat in an increasingly toxic row between the Japanese company and the French government.
Fairy lights could ‘slow’ wi-fi speeds warns Ofcom
Christmas tree lights can slow your wi-fi warns watchdog Ofcom as it releases an app that can check home broadband.
Barclays boss faces 10-year wait for bonus
The new boss of Barclays has become the first chief executive of a British bank to have a decade-long “claw-back” clause written into his contract as lenders are forced to toughen the rules allowing them to reclaim bonuses from senior managers even if the problems emerge long after an award has been made.
UK shop prices fall by record amount in November
Non-food shop prices tumbled by 3.3% over the period, driven by reductions in clothing, footwear, electricals, DIY, gardening and hardware
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