Tag: focus

CBI calls for economic growth focus

CBI calls for economic growth focus

The Confederation of British Industry (CBI) is urging Chancellor George Osborne to provide a “relentless focus” on economic growth and job creation when he presents his annual budget later this month. In a letter to the Chancellor, the business lobby group said action must be taken in order to boost the economic recovery. Over recent [...]

March 7, 2011 | 0 Comments More
GSK to axe 4,000 jobs as it shifts focus

GSK to axe 4,000 jobs as it shifts focus

As part of a major restructure, Britain’s largest drugs company GlaxoSmithKline (GSK) is to slash 4,000 positions, according to The Sunday Times. According to press reports, the job losses are part of plans to shift its focus to emerging markets, such as China which has greater potential to increase sales growth. The company has a [...]

January 31, 2010 | 0 Comments More
Standard Chartered on track for record profit

Standard Chartered on track for record profit

London-based bank Standard Chartered today issued a positive statement and said it is on target for a record profit this year. The bank, which has a strong presence in Asia, said that in the 11 months to the end of November it had delivered a strong performance with “record levels of income and operating profit [...]

December 9, 2009 | 0 Comments More
Investors’ focus shifts to global recession

Investors’ focus shifts to global recession

Global shares have plummeted this morning on the news that some of the world’s largest economies are bracing themselves for recession. Reports that unemployment in the UK soared by 164,000 to 1.79 million in the three months to August, are adding to fears, as well as the news that retail sales in the US fell [...]

October 16, 2008 | 0 Comments More