Sunday, September 24News For London

Business

Primark sales hit by weaker pound

Primark sales hit by weaker pound

#breakingnews, Business
The fast fashion chain Primark continues to grow as the store expands its branches, but it is warned the weaker pound would weigh on its margins. Photo Dark Dwarf  (CC BY-ND 2.0) Primark reveals its upbeat sales figure today and said it was maintaining its full-year earnings guidance. “Primark expects almost 13 per cent increase to be attributable to the first half of the year,” it added. Photo Mark Hodson Photos: (CC BY 2.0) The decline in the value of the pound, 16 per cent against the dollar since Brexit, is warned it would ‘eats into margins at the fashion chain’. Primark is expecting to rise 2 per cent in its first half and 11 per cent in total sales thanks to new store openings. Photo Martin Monroe ( CC BY-SA 2.0) Sub Editing: Arifa Khan
Amazon’s scandal: workers living in tents

Amazon’s scandal: workers living in tents

#breakingnews, Business, News, ReportingWeek2
The multinational Amazon, in charge of thousand of deliveries across the world, has been accused again of poor work conditions and misconduct. A few employees of its centre in Dunfermline, Scotland, have been found sleeping in tents outside the building in the middle of a wood. The retailer has been suffering this kind of accusations since last year GBM trade union declared workers shifts and environment were making them develop "physical and metal illnesses". The whole recent scandal was primarily discovered by The Times reporter, Mary O’Connor, who went undercover into the warehouse and found out that workers were underpaid and doing over 60 hours a week. A large number of them are seasonal workers hired to help with the Christmas deliveries. The journalist contacted the Liberal Democ
Optimistic GDP growth set to stall by 2018, warns BCC

Optimistic GDP growth set to stall by 2018, warns BCC

Business, ReportingWeek2
Positive GDP growth predictions not set to last, according to the British Chambers of Commerce (BCC). The UK’s GDP is set to grow by 2.1 per cent this year, according to a new forecast from the BCC The business body adjusted their prediction from the 1.8 per cent rise they set three months ago. Despite this more optimistic forecast, including a rise from 1 per cent to 1.1 per cent for growth in 2017, this would still be the weakest growth since the financial crisis. It is also predicted that 2018 will see growth slow dramatically. 2018 has seen a drop from the originally proposed 1.8 per cent growth down to 1.4 per cent. The BCC attribute their prediction of future sluggish growth to to weak pound, which is expected to push up import cost. The BCC suggests that inflation wil
BT to create 500 new UK jobs

BT to create 500 new UK jobs

#breakingnews, Business, ReportingWeek2
Telecoms giant BT has announced plans to create 500 new jobs in North England and Wales. The company will begin recruiting for customer service representatives at contact centres in Swansea, Warrington, Doncaster, and Accrington. BT has previously announced a plan to create 1,000 jobs across the UK and Ireland by March of 2017. The new roles will be in addition the proposed number and is part of BT Consumer’s scheme to increase UK-answered calls by 30%. “We will be recruiting for an extra 500 positions, which will be a dramatic increase in what we said we’d do,” says Libby Barr, the managing director of customer care at BT Consumer. “We are going to answer 90% of our customers’ calls in the UK and Ireland by the end of March, and we have been taking on great people to fill f

UK urged to decide faster Brexit negotiations.

Business, International, News, Politics, ReportingWeek1
“Time will be short, " states the EU chief negotiator of Brexit Michel Barnier on Tuesday urging the UK needs to decide faster. In October, Michel Barnier was selected to the position of chief Brexit negotiator by the European Commission President Jean- Clause Juncker who states he “wanted an experienced politician for this difficult job”. At the moment UK courts are deciding who is entitled to make the final decision on Brexit. Although the final decision has not been taken yet, the referendum has led to disturbances. The Home Office reports that hate crime has been on the rise. Reports by the police in England and Wales state racist or religious abuse has increased 41% in the month post the UK voted to leave the EU. This July the recorded crimes have increased to 5,468 which is 1,582
Apps provide solution to gender gap in the workplace

Apps provide solution to gender gap in the workplace

Business, ReportingWeek1, Tech
We’ve all heard about the gender divide in the workplace, ‘the glass ceiling’ and the fact there are not enough women in the boardroom. But it’s time to move the conversation forward and provide solutions in a digital sphere where both men and women can participate. There are countless self-help articles and books on how to ‘disconnect from the internet’, cope with email anxiety and successfully create an online presence. Clearly there is a disjointment here, where the question is to consume, or to be eventually consumed by the digital sphere. “Data shows that digital not only changed how we shop, how we commercially engage with each other, how we interact, it’s fundamentally changing the world that we work in,” says Kathleen Mitchell, Vice President of fashion retail brand, Stel
Spotify Moving Onto Google Cloud Is A Big

Spotify Moving Onto Google Cloud Is A Big

Breaking News, Business, Uncategorized
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Didn’t expect this from our night at the opera

Didn’t expect this from our night at the opera

Business, Politics, Uncategorized
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A union between epic fantasy and literature

A union between epic fantasy and literature

Breaking News, Business, Politics, Uncategorized
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Twelve new lenses you won’t be able to live without

Twelve new lenses you won’t be able to live without

Business, Technology, Uncategorized
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