UK summer washout means mixed news for business
While rain and cold put a damper on clothes and food sales, holiday firms such as easyJet profited from dank season The chilly August that just capped off the coldest British summer in three years meant mixed fortunes for businesses. It was a washout for clothes retailers but sunny times for cut-price airlines. Bookings slumped […]
In the future, the best chemistry practices will be green
Gathering for a summit on green chemicals, industry leaders and academics discussed how to solve the problems that threaten to stall 20 years of good intentions Chemistry is having “an innovation crisis”, according to John Warner, co-author of the 12 Principles of Green Chemistry. “We need to ask if the way we’re training future scientists […]
European Central Bank's gloom suggests QE2 may be on the horizon
Mario Draghi has plainly been rattled by China’s economy, and as a result the bank’s €1.1tn quantitative easing scheme may need shoring up The European Central Bank (ECB) launched its €1.1tn (£800bn) quantitative easing programme only in January. Now, with a full year left to complete the bond-buying spree, QE2 is being prepared. Related: ECB […]
Kipper Williams on Nissan's new investment in Sunderland
Japanese car giant to invest £100m in production of new Juke Continue reading… Source: The Guardian Circular Economy RSS
Mario Draghi ready to prop up eurozone with more stimulus
ECB president says growth prospects in the single currency area have suffered and could worsen if China’s slowdown bites The euro fell sharply and stock markets rose after the European Central Bank boss said he was ready to provide more stimulus to prevent the eurozone’s faltering economy being hit by worries over China. The ECB’s […]
Shareholder group issues 'red alert' warning on Sports Direct bonuses
Investment Management Association signals corporate governance concerns over changes to Mike Ashley-owned retailer’s multimillion-pound scheme One of the City’s most influential shareholder groups has issued a warning about planned changes to a multimillion-pound bonus scheme at Sports Direct, the retail chain run by Mike Ashley, the owner of Newcastle United football club. The Investment Management […]
New Hinkley Point nuclear power station may be further delayed
France’s EDF gives no definite schedule for construction of £24.5bn plant, which still awaits firm’s final investment decision The planned new nuclear power station at Hinkley Point in Somerset has been hit by another setback, with its developer EDF admitting the project may be further delayed. The news came as the French energy group said […]
Tesco late for school – uniforms go missing
Chain’s failure to meet 2,000 orders for customised uniforms causes parental scramble for alternatives as term starts Thousands of parents have been left with a last-minute scramble to buy school uniforms, or been forced to send children back to lessons without the correct clothing, after Tesco failure to keep up with demand for customised shirts […]
Pizza Express reverses policy of taking 8% cut from staff tips
Pizza chain becomes latest restaurant to change its policy following a union campaign against the practice Pizza Express has become the latest restaurant chain to reverse its policy of taking a cut from tips to waiting staff after a union campaign and a backlash from customers. Waiters called for public support after revealing the 430-branch […]
ECB press conference: Markets surge as Draghi hints at fresh stimulus measures – live
Mario Draghi marks his birthday by cutting the ECB’s growth and inflation forecasts, and suggesting more QE could be needed Summary: ECB cuts forecasts as storm clouds gather ECB may extend QE soon Press conference highlights start here Lunchtime summary: Markets bounce back 4.48pm BST Investec have sent over a handy explanation of the tweaks […]