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....“Retail sales only account for about a third of household spending, and the recent evidence on other areas of spending has been more encouraging. For example, the Bank of England’s agents’ score of consumer services turnover has held steady at a fairly high level,” she said. ... [Read full article on Guardian ]
Friday 21st of April 2017 01:11:30 PM
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.... Some Debenhams punters may feel that being assaulted by a personal shopper when they pick up their click & collect orders is irritating rather than “engaging”. To be fair, it is easier to understand how Debenhams could boost turnover in its beauty business from £700m to £1bn over three years. ... [Read full article on Guardian ]
Friday 21st of April 2017 06:20:41 AM
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Latest Finance News related to Turnover

UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....“Retail sales only account for about a third of household spending, and the recent evidence on other areas of spending has been more encouraging. For example, the Bank of England’s agents’ score of consumer services turnover has held steady at a fairly high level,” she said. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
.... Some Debenhams punters may feel that being assaulted by a personal shopper when they pick up their click & collect orders is irritating rather than “engaging”. To be fair, it is easier to understand how Debenhams could boost turnover in its beauty business from £700m to £1bn over three years. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
....”. Under Labour’s plans all companies with more than £36m in turnover or more than 250 employees would be required to file a complete tax return at Companies House along with annual accounts. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....Investment in northern tech businesses reached a 10-year high last year at £327m, up from £20m in 2007, according to the government agency Tech North, as startup clusters developed in Manchester, Leeds, Sheffield and the north-east. Sunderland, which is about as far removed as you can get from Silicon Valley, has the fastest-growing digital turnover in the UK behind London, according to Tech City UK. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
....According to the trade group's quarterly economic survey, both manufacturing and services firms reported "solid growth" in their businesses in first three months of the year, with domestic and export sales up since the previous quarter. It also found "confidence in turnover and profitability is improving", and that some 86% of manufacturing firms, up from 77% in the last quarter, and 59% of services companies, up from 53%, wanted to find new recruits. ...
Eggs-porting isn't easy image
Source : BBC [Read Article] Tuesday 11th of April 2017 11:14:15 PM
.... Marmite, brown sauce and baked beans were the items most in demand in the company's markets in Spain, Portugal, France, Canada, Australia and Hong Kong. Now it delivers to 130 countries and turnover last year was £50m. ...
Firms dispute Jeremy Corbyn's claim they pay bills late image
Source : BBC [Read Article] Tuesday 11th of April 2017 12:11:53 PM
....". Mr Corbyn also pledged to cut red tape for small businesses with a turnover of less than £83,000 per year by dropping the requirement to issue quarterly financial reports. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....Any company bidding for public-sector contracts with a future Labour government would have to pay its own suppliers within 30 days, Corbyn said on Tuesday, and Labour would consider creating a binding arbitration system, with fines for persistent late-payers. The Labour leader pledged not to increase the corporation tax rate for small businesses and to scrap quarterly reporting for businesses with turnover of less than £83,000, calling it “a burden, a distraction, that will hold entrepreneurs back”. ...
The Crusader: Trader falls victim to debt collector trying to get back money owed image
....In some situations the consumer-focused Financial Ombudsman can also look at complaints on behalf of small traders. This is when the business bringing the complaint is a sole trader or a partnership (but not a limited company) and the defendant is classed as a micro enterprise so  has fewer than 10 employees and an annual turnover of less than two million euros (£1. ...
Southern rail boss paid £495,000 image
Source : Guardian [Read Article] Monday 10th of April 2017 10:09:03 AM
....Nearly a third of its trains were late in 2016 as it wrestled with a prolonged labour dispute that descended into ongoing strike action, as unions battled planned changes to the role of conductors. Horton was awarded the pay packet despite Govia Thameslink reporting a pre-tax loss of more than £15m on turnover of £1. ...
'Punk' beer maker BrewDog sells 22% of firm to private equity house image
Source : Guardian [Read Article] Sunday 9th of April 2017 01:40:17 PM
....”. The company also told its annual meeting that turnover rose 60% last year and predicted even better growth for 2017. ...
Bookies bet on record weekend of sport image
Source : BBC [Read Article] Friday 7th of April 2017 08:21:42 PM
....The Grand National will attract about £225m in wagers across the betting industry, William Hill predicted. Combined with other sporting fixtures it expects to take "the highest turnover levels on any weekend in history", the bookmaker said. ...
Competition watchdog to examine warranties for new homes image
Source : Guardian [Read Article] Friday 7th of April 2017 06:30:36 AM
.... Campaigners said these payments called into question NHBC’s independence from housebuilders. In response, NHBC said the payments were a “very small” proportion of its annual turnover and that it was common practice in the insurance industry to recognise good claims history. ...
Criminal gangs use UK ports to defraud EU customs image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:02:51 PM
....By evading tax, they say the Chinese racketeers were able to undercut their business. A monthly turnover of £60,000 fell by more than two-thirds virtually overnight forcing the couple to sack staff and give up their own warehouse. ...
UK holidaymakers must keep EU rights after Brexit, says Abta image
Source : Guardian [Read Article] Tuesday 4th of April 2017 06:01:44 AM
....In a new report, Making a Success of Brexit for Travel and Tourism, Abta sets out priorities for the negotiations that have implications for UK holidaymakers and the travel industry. Abta has about 1,200 members – including airlines, tour operators and travel agents – with a combined UK turnover of £32bn. ...
Tory donor Lycamobile in £26m tax dispute image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Accounts filed with Companies House show that Lycamobile’s UK division nearly doubled its pre-tax profits to £10. 9m last year on turnover of £194m. ...
As demand rises, the reputation  of new-build homes is crumbling image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
....Harron Homes was established in 1995 by brothers Paul and Stephen Harrison, and as the company’s standards apparently slip its profits are soaring. Last year turnover was £93. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....But the debate over its tax affairs is likely to rumble on, because of the way in which it organises its activities across international borders. Google declared turnover of just over £1bn in the UK in the year to last June. ...
H&M to launch new 'more upmarket' fashion brand in London image
Source : BBC [Read Article] Thursday 30th of March 2017 02:45:31 PM
.... . The company's profits are also being squeezed by online competition from retailers such as Asos, which offer a fast turnover of fashion styles in response to customer demand. ...
Gucci, Versace, D&G ... now top brands target fashion for kids image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
....When Shiloh Jolie-Pitt was born, Barneys sold out of the T-shirt she was pictured wearing on the cover of People magazine, and the children of the Duchess of Cambridge cause a rush of Sloane-y mothers at Trotters and Rachel Riley when they appear in public wearing their traditional fashions. British online retailer alexandalexa was acquired by Sweden’s Babyshop in 2015, creating the Luxury Kids Group, which is expected to turnover €40m this year. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
.... Shop assistants report back customer reactions, from complaints about lack of stock to style details – such as whether a top would look better with a boat neck – to their managers, who then provide feedback to designers. Their extraordinarily high turnover of stock (which is kept to a minimum, helpful for maximising profit) means that customers know they need to buy immediately or items will sell out – the ranges change week to week. ...
Secrets to business survival: 'always look at new ways to innovate' image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:00:23 AM
.... “Craftsmanship may seem irrelevant in a high-tech, mass-production world, but for Linn it is the bedrock of all the company’s products,” says Gilad Tiefenbrun, the current managing director and founder’s son. The business, which has a turnover of £18m, exports across Europe, to the US and Japan. ...
Brexit leads cosmetics firm Lush to look for expansion outside UK image
Source : Guardian [Read Article] Monday 13th of March 2017 08:00:30 PM
.... Its annual results continued to show growth in both sales and profits. Brand turnover rose 26% to 723. ...
Budget help for pubs only a 'stay of execution', says MP image
Source : Guardian [Read Article] Monday 13th of March 2017 06:34:39 PM
....8% of the total rates bill, yet contribute only 0. 5% of rate-paying businesses turnover. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
.... LSL added that a low volume of transactions in the area makes price reports highly volatile. Nationally, turnover in the property market has been falling, with the number of transactions down 9% on the year. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... Consequently, the sector is a key player in the British economy. Figures from the Society of Motor Manufacturers and Traders show the UK car industry clocks up annual turnover of £71bn, employs 169,000 people directly and supports a further 814,000 indirectly. ...
Chocolate price hike if Brexit deal fails, warns Mars image
Source : BBC [Read Article] Friday 10th of March 2017 12:52:27 PM
....Companies in the automotive and the financial sector have been the focus since the vote, according to Ms Dawson. But with food and drink the largest manufacturing sector in the UK, accounting for 16% of turnover, she said she wanted a new focus, and called for EU leaders to look at the bigger picture when negotiating. ...
Work zombies image
Source : BBC [Read Article] Friday 10th of March 2017 12:28:39 AM
....She says that companies that don't try to encourage staff to express themselves at work, and instead try to force them to fit into some kind of corporate clone - doing what they're told to do without questioning - will lose out. Staff literally won't want to stay, and as a result turnover will be high, says Ms Steele. ...
Sick DPD couriers face £150 charge if unable to find cover image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:39:12 PM
....Drivers said the charges seemed to be applied inconsistently, at managers’ discretion, and that they represented a constant threat. A spokesman for DPD, which is part of the international parcel group GeoPost, which has a turnover of £5bn, defended its right to recover costs if couriers missed rounds. ...
Recipe for success image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:11:31 AM
....In France, L'Atelier des Sens is one of the largest providers of cookery classes for corporate clients. Such events now make up 60% of its annual turnover of 2. ...
Innovation, Ikea style image
Source : BBC [Read Article] Monday 27th of February 2017 12:20:58 AM
....Framed on the wall in the factory's reception is a typewritten letter - the company's very first furniture-making order from Ikea in 1952. Ikea was not, back then, the global behemoth of today, with stores in dozens of countries and turnover in the tens of billions. ...
'I never felt it was mine' image
Source : BBC [Read Article] Monday 27th of February 2017 12:17:45 AM
....Ebac has grown over the years, and today also makes water coolers and air-conditioning systems. Its annual turnover is more than £15m, with profits exceeding £3m. ...
Welfare funds must serve 'really disabled' people, says MP image
Source : Guardian [Read Article] Sunday 26th of February 2017 06:35:35 PM
.... Some were even considering selling or closing their business. Mike Cherry, the FSB’s national chairman,, said the business rates system was an unfair, regressive tax which “hit small firms before they’ve had the chance to make their first £1 in turnover, let alone profit”. ...
Hi-tech financial firms flee UK amid doubts over Brexit image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:54:32 PM
....Black said he looked at settling in Ireland, the Netherlands, Belgium and the Czech Republic before opting for Luxembourg, where he has already recruited a managing director. Startup costs alone, including the application for regulatory approval on the continent, would cost €1m of his €31m turnover, he estimated. ...
'The pips are squeaking!' image
Source : BBC [Read Article] Friday 24th of February 2017 09:44:16 PM
...."Retailers should not complain," he reckons. "In theory, higher rents should mean higher turnover from their more desirable location. ...
Work-around image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:56:12 AM
....So popular was the gadget that more than 100 Paralympians used it during the 2016 Games and about half of stock is sold overseas. This year's turnover is expected to be £250,000. ...
Ministers expected to soften impact of business rate changes image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:03:22 PM
....“Business rates are not fair because you have to pay them whether you are making money or not, and they don’t represent your [profit], just what building you are in,” she said. “You could be running a multimillion pound business from relatively small building but pay the same as a shop of the same size employing three people with hugely smaller turnover. ...
UK business rates battle hots up as firms challenge government image
Source : Guardian [Read Article] Friday 17th of February 2017 11:52:58 AM
.... Others are “paying more because their rent has gone up, because they tend to be either in sectors that are flourishing or parts of the country that are flourishing”, such as St Ives. Gauke also brushed off suggestions that turnover should determine business rates rather than the rental value of the property. ...
Diamond rings sparkle for the internet dating generation image
Source : Guardian [Read Article] Monday 13th of February 2017 01:39:04 PM
.... Kormind funded his side of the buy-out with a few hundred thousand earned during his time working in banking as well as from remortgaging his flat. After a year of improving the website and building better relationships with diamond suppliers, turnover grew from about £400,000 to £2. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
....Since the publication of Evicted, I have had countless conversations with concerned families across America. Teachers in under-served communities have told me about high classroom turnover rates, which hinder students’ ability to reach their full potential. ...
Fifty Shades Darker sets Britain’s burgeoning sex toy industry abuzz image
Source : Guardian [Read Article] Saturday 11th of February 2017 04:00:19 PM
.... The effect is completed by a blow-up Donald Trump doll complete with Make America Great Again cap. Slateford sees clear blue water between itself and rivals such as Ann Summers, which has a bigger turnover – sales exceeded £100m in 2015 according to the most recent accounts filed at Companies House – but is less profitable. ...
Hundreds of Waitrose jobs may go as retailer plans six store closures image
Source : Guardian [Read Article] Wednesday 8th of February 2017 08:17:54 PM
....The company is also removing the role of department manager in its 350 stores, affecting 180 jobs. Waitrose said most of the 486 department managers would become deputy store managers and the reduction in staff would happen gradually over three years through retirement, “natural turnover” and voluntary redundancies. ...
New homes warranty firm pays millions to leading homebuilders image
Source : Guardian [Read Article] Sunday 5th of February 2017 05:26:47 PM
.... As this refund recognises long-term good claims history, the rules state that builders do not need to be current NHBC customers to receive it. “The sum paid in refunds is a very small proportion of NHBC’s annual turnover. ...
War of convenience as supermarket chains take on small stores image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
....” He adds that limited spare capacity among own-label suppliers in some areas, such as ready meals, make it difficult for Tesco to make a big switch to pastures new. Another positive is that a Tesco-Booker deal is likely to increase the prospect of the Groceries Supply Code of Practice being extended; it is currently limited to retailers with turnover above £1bn. ...
Weetabix warns it may raise prices due to fall in pound since Brexit vote image
....The company announced a £30m capital investment programme up to 2018 across its UK manufacturing sites in Burton Latimer and Corby. Food and drink is by far the UK’s largest manufacturing sector, accounting for 16% of total manufacturing by turnover (£83. ...
Yorkshire building society to close 48 branches and ditch current accounts image
Source : Guardian [Read Article] Wednesday 25th of January 2017 04:06:52 PM
....The society added that about 440 staff could be at risk of redundancy over the next 18 months as a result of the shake-up. It said that where possible it would look to minimise proposed redundancies through natural turnover and by redeploying people into different roles. ...
Jeanette Winterson to close London shop due to business rates surge image
Source : Guardian [Read Article] Monday 23rd of January 2017 07:01:42 PM
....Winterson said the character of London’s streets was at risk of changing for ever. “It doesn’t matter if you’re in Marylebone or Spitalfields or round the back of Belgravia, your little newsagents, your dry cleaners, your corner shops and independent bookshops in particular will be hard hit because their turnover isn’t high,” she said. ...
Driving the green market: Low-emissions vehicle manufacturer finds itself in high demand image
. Grayson Thermal Systems saw its turnover rise to £28million last year, helped by international orders for its new generation of fan and battery temperature-control technologies, which it has developed for the electric and hybrid markets. ...
The women-led startups smashing the glass ceiling image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:22:41 AM
....She fulfilled that aim: in 2012 Shine was named the Sunday Times best small company to work for and Bell was also recognised as the UK’s best boss of a small company. It has been a formula for success – annual turnover stands at more than £10m. ...
Former Saatchi boss returns after sexism row with new chair role image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:41:04 PM
....The company was founded 30 years ago in Scotland by the journalist Gordon Beattie, who continues as president. Beattie is predicting turnover of £50m by 2020. ...
UK superyacht industry sales rise to highest since 2008 image
Source : BBC [Read Article] Monday 9th of January 2017 12:07:05 AM
....Sunseeker and Princess are the UK's biggest superyacht companies. Globally, the industry is the fourth largest in terms of turnover. ...
Tube strike: services to be severely reduced as second union walks out image
Source : Guardian [Read Article] Sunday 8th of January 2017 12:39:58 PM
....The RMT said more than 800 jobs had been axed under the Fit For The Future programme, adding that LU was offering to reinstate only 150. Most of the 500 new jobs claimed by the company were to fill vacancies and staff turnover, according to the union. ...
Jamie Oliver to close six restaurants in 'tough market' after Brexit vote image
....“Because we refuse to compromise on the quality and provenance of our ingredients and our commitment to training and developing our staff, we need restaurants that can serve an average of 3,000 covers every week to be sustainable,” he added. Blagden said the six restaurants accounted for less than 5% of the restaurant chain’s total turnover and overall the chain continues to perform well home and abroad. ...
High Street Christmas sales figures fail to sparkle image
Source : BBC [Read Article] Friday 6th of January 2017 02:13:43 AM
.... BDO reported higher year-on-year in-store sales for October and November. For its High Street Sales Tracker, BDO takes weekly sales figures from 70 participating High Street retailers with about 10,000 stores in total, and compares the percentage change in turnover with the previous year. ...
Japanese company to buy UK's second biggest tyre supplier for £215m image
Source : Guardian [Read Article] Thursday 5th of January 2017 02:36:45 PM
....7 times Graphite’s initial investment in 2006, with Sumitomo expected to continue the firm’s expansion, subject to the transaction winning regulatory approval from the European Union. MTS has grown under Graphite’s ownership, increasing turnover from £150m to more than £320m and expanding its workforce from 600 people to 1,600. ...
UK economy ends 2016 on high – but rising import prices starting to bite image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
.... Echoing official figures that showed GDP growth was among the highest in the developed world, the BCC found that the economy remained robust in the last few months of the year in part due to the boost from the lower pound, which made British exports cheaper. It said most firms in the manufacturing and services sectors were confident their turnover would improve, that job opportunities would grow and investment in plant and machinery would improve in the next year. ...
The train companies pocket millions in compensation for delays image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:01:21 AM
.... Less than 0. 5% of GTR’s turnover is paid out in compensation; across the industry only one third of eligible passengers obtain a payout. ...
UK shoppers head out in their millions to brave Boxing Day sales image
Source : Guardian [Read Article] Monday 26th of December 2016 12:20:08 PM
....While many people were still sleeping off the extra calories – and alcohol – consumed on Christmas Day, millions of the nation’s hardcore shoppers had set their alarms, ready to be up and out to bag the biggest bargains on Boxing Day. Jace Tyrrell, chief executive of the New West End Company, representing stores on Bond, Oxford and Regent streets, said average footfall was up 8% year-on-year at 11am, with turnover for the day expected to reach £55m. ...
UK car exports soar to record high image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:01:31 AM
....The automotive industry is increasingly seen as a vital part of the UK economy that accounts for more than £71. 6bn turnover. ...
Funfairs left with fewer new rides by trade body rules, CMA says image
Source : Guardian [Read Article] Wednesday 21st of December 2016 01:50:35 PM
....The 1998 Competition Act prohibits “agreements, practices and conduct that may have a damaging effect on competition” in the UK and covers “anti-competitive agreements, decisions by associations and concerted practices between businesses which have as their object or effect the prevention, restriction or distortion of competition within the UK and which may affect trade within the UK”. Any business found to have infringed that section of the legislation can be fined up to 10% of its annual worldwide group turnover, the CMA said. ...
Tax avoidance, expenses scams – welcome to the recruitment industry | Adrian Gregory image
.... As someone who has owned a recruitment agency in London for 30 years, I would endorse her view. The recruitment industry is growing at an annual rate of 9%: an astonishing speed for a mature industry that now exceeds £35bn in annual turnover – larger than the food and drink industries – and within which 1. ...
Facebook accused over WhatsApp takeover image
Source : BBC [Read Article] Tuesday 20th of December 2016 11:45:31 AM
....The Commission believes the ability to link the accounts of the two services' users must have existed in 2014, though this is vigorously disputed by Facebook. If the Commission concludes that it was definitely misled, either by accident or design, it could fine Facebook up to 1% of its turnover, which would amount to hundreds of millions of euros. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
....Airbnb has two UK firms to handle payments from around the world and conduct marketing in the UK. While hundreds of millions of pounds in rental payments pass through the companies, earning commission from both the guest and the host, Airbnb’s UK arms recorded £145m as turnover in the UK, of which just £1. ...
Fortnum & Mason aims to cut basic pay for more staff in bid to reduce tax bill image
....WMT Troncmaster says on its website that one of the main advantages of a tronc system is that it could save a company and its staff a combined 26% in “unnecessary taxes”. It suggests a business with a turnover of £250,000 a year could save £4,000 a year. ...
Go-Ahead warns of Southern Rail strike impact image
Source : BBC [Read Article] Thursday 15th of December 2016 09:22:57 AM
....It owns 65% of the Southern franchise through Govia Thameslink Railway (GTR) and expects its entire rail division to fall "slightly below" estimates. For the first six months of the year, turnover on GTR services is forecast to slide by 4%. ...
James Packer retreats from China with sell-off of Crown's overseas casinos image
Source : Guardian [Read Article] Thursday 15th of December 2016 05:58:11 AM
....But with the controversial waterfront scheme built on attracting ultra-wealthy gamblers from China, questions remain as to whether it can avoid the same problems as the Macau business, which has been hit by Beijing’s crackdown on high rollers. A first-half trading update released by Crown on Thursday showed a 45% drop in turnover from high-roller gambling at its Australian casinos over the 23-week period, compared with a year earlier. ...
'I took drugs every day' image
Source : BBC [Read Article] Monday 12th of December 2016 12:03:03 AM
....While Ryan says the first three years were tough, with him taking a salary of just £6,000 in year one, over time the clients and contracts got bigger. Cumbernauld-based Regis Banqueting now has 65 staff - 20 full-time and 40 part-time, many of whom are seasonal - and annual turnover is £1. ...
Sumitomo to buy banana company Fyffes image
Source : BBC [Read Article] Friday 9th of December 2016 08:54:58 AM
.... . The firm, which has its headquarters in Dublin, employs more than 17,000 people worldwide and has an annual turnover of €1. ...
Finance sector 'paid £71.4bn in tax' image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:36:15 AM
....The report highlights the potential hit to public finances if Brexit restricts access to the EU's single market. Nearly a quarter of turnover "went straight to the public coffers". ...
Shenzhen-Hong Kong trading scheme kicks off image
Source : BBC [Read Article] Monday 5th of December 2016 12:59:36 AM
....As a result, foreigners will be able to trade shares in almost 900 firms. Shenzhen is Asia's busiest exchange with monthly turnover of more than $1 trillion, according to the World Federation of Exchanges data. ...
Rolls-Royce to cut 800 jobs from its marine business image
Source : Guardian [Read Article] Thursday 1st of December 2016 11:05:49 PM
....British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra £50m a year, responding to weak demand from shipping and energy customers. The marine business, which depends on oil and gas-related customers for about 60% of its turnover and employs 4,800 people with its main operations in Norway, has seen weak demand for new equipment and lower maintenance revenues as customers use their vessels less. ...

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