News Tag: Jobs
February 23, 2010
A report from accountants PricewaterhouseCoopers (PwC) has revealed more disappointment in the jobs market despite the UK emerging from recession in the fourth quarter of 2009.
The report, which is based on interviews with bosses of 70 of the country's largest companies, found that 28% of bosses are planning redundancies over the next year.
The findings will undoubtedly cause concern to private sector ...
PwC report reveals more job woes
by Kay Murchie
February 18, 2010
In its latest forecast for the world’s largest economy, the US central bank, the Federal Reserve, has said economic growth will be between 2.8% and 3.5% in 2010 - better than its previous forecast of 2.5% to 3.5%.
However, the Fed has warned that despite strong growth for this year, unemployment will remain high.
Earlier this month, the Labor Department said the US ...
Fed warns of higher unemployment
by Kay Murchie
February 3, 2010
Business Secretary Lord Peter Mandelson said he was "disappointed" that Kraft could not guarantee that Cadbury's confectionery brands will continue to be managed in the UK.
Mandelson met with Kraft chief executive, Irene Rosenfeld, last night after Cadbury shareholders voted in favour of the £11.5 billion ($18.9 billion) takeover deal from the US food giant.
The vote brought an end ...
Mandelson expresses ‘disappointment’ after meeting with Kraft chief
by Kay Murchie
January 19, 2010
After months of hostile talks, British confectioner Cadbury has finally agreed to an £11.7 billion takeover by US food giant Kraft.
The 186-year-old British company, renowned for Dairy Milk chocolate, is set to advise shareholders to accept the latest bid of 840p a share.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, will pay 840p for each Cadbury ...
Cadbury agrees £11.7bn Kraft takeover
by Kay Murchie
January 7, 2010
Budget hotel group, Travelodge, continues to defy the recession as it embarks on a £115 million expansion programme which will see it open 26 new hotels.
In October 2008, the group, which is owned by Dubai International Capital, the private equity group owned by the Arab Emirate’s ruling sheikh, said it would open almost two dozen hotels with the ...
Travelodge embarks on expansion plan with 26 new hotels
by Kay Murchie
December 15, 2009
US food giant Kraft has today reinforced its belief that a tie-up with Cadbury would “represent a uniquely complementary fit”.
Kraft is actively trying to convince Cadbury shareholders that a combination with its British rival could "deliver substantially more value" together and would benefit Cadbury staff as new jobs would be created in the UK.
Kraft warned Cadbury's shareholders that they will be "taking ...
Kraft defends bid for Cadbury
by Kay Murchie
December 8, 2009
US President Barack Obama has suggested using leftover funds from the Troubled Asset Relief Program (TARP) to create jobs and cut the US deficit.
Mr Obama told reporters that "TARP has turned out to be much cheaper than we had expected although not cheap," and he is aiming to cut the country’s unemployment rate - which ...
TARP funds to be used to create jobs and halve US deficit
by Kay Murchie
December 6, 2009
The price of gold has ended its run of all-time highs after positive economic US data sent the dollar higher.
On Friday, the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October.
Figures show that US employers cut the lowest number of jobs during the month ...
Dollar strengthens, price of gold falls
by Kay Murchie
December 2, 2009
Norwich & Peterborough (N&P), which is Britain’s tenth largest society, is to close 10 of its branches, putting more than 50 jobs at risk.
The branch closures represent one fifth of its 54-strong network and the news comes just a day after it emerged that Chelsea and Yorkshire Building Societies were in merger talks.
N&P said it can't compete ...
Branch closures expected at Norwich & Peterborough Building Society
by Kay Murchie
November 26, 2009
Bookshop chain Borders UK has been placed into administration, according to Reuters.
The move is not unexpected after it was reported earlier this week that the 45-store book retailer does not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon.
The company’s website has not been taking orders ...
Borders UK placed into administration
by Kay Murchie
November 12, 2009
A new business venture aims to create 10,000 jobs in some of the UK's most deprived communities.
Call Britannia, a call centre business, will open ten new call centres in unemployment hotspots over the next seven years.
A spokeswoman for the company said clients will include telecoms companies, utility firms, and public sector organisations.
Call Britannia is being financed by Karen Darby, ...
Call centres with a conscience create 10,000 jobs
by David Masters
October 28, 2009
Thousands of jobs are at risk at Threshers and Wine Rack after a source close to the company revealed to The Times that administration could not be ruled out as the group struggles amid the economic downturn.
The off-licence’s owner, First Quench Retailing, has confirmed it is looking at "restructuring options" after warning earlier this year of its ability to continue as a ...
Threshers Off-Licence jobs at risk
by Kay Murchie
October 22, 2009
In a bid to speed up trips to the shops, supermarket giant Tesco has opened the first self-service store in Northampton.
The Tesco Express store has five self-service tills but no manned checkouts. There is, however, one member of staff available to authorise transactions for age-restricted items such as alcohol and knives.
The news will spread fear throughout the grocery industry and raise ...
Tesco opens UK’s first self-service store
by Kay Murchie
October 13, 2009
The future of Vauxhall and its 5,500 workers have been safeguarded today after the Unite union announced it has reached a deal with Magna, the Candian car parts firm and proposed new owners of Vauxhall and sister company, Germany-based Opel.
However, in order to protect jobs at both Vauxhall plants (Ellesmere Port and Luton), the union has been ...
Unite reaches deal with Magna to save Vauxhall jobs
by Kay Murchie
October 7, 2009
The recession has had a major impact on the job market with companies firing rather than hiring but today Taiwanese company Kenmark, which makes LCD televisions, has announced it is to open a factory in Corby, Northamptonshire, with new jobs up for grabs.
Corby will act as the company's Eurohub and will create 500 jobs over a ...
Kenmark to open factory in Britain with creation of 500 jobs
by Kay Murchie
Consumer confidence index reaches highest level since April 2008
by Kay Murchie
September 15, 2009
A major restructure at US pharmaceutical giant, Eli Lilly, is set to put UK jobs at risk.
The company has announced details of a restructuring programme, which it described as the most significant in its history, will see global headcount reduced by 14% over the next two years.
The Indianapolis-based drugs company, which has a workforce of 40,500, is to axe ...
US pharmaceutical giant could axe jobs in UK
by Kay Murchie
September 9, 2009
According to the Recruitment and Employment Confederation and KPMG Report on Jobs, there is some good news for the UK jobs market .
The index for firms' hiring of permanent workers rose from 46.1 in July to 50.6 in August - tipping over the 50 mark which indicates growth.
The report shows that for the first time ...
KPMG/REC jobs report reveals positive news for the UK jobs market
by Kay Murchie
September 2, 2009
Cattles, which has already axed 1,000 jobs this year, is proposing to cut a further 510 jobs at its Welcome Financial Services subsidiary.
The struggling sub-prime lender, which is battling to stay afloat, is seeking ways to slash costs and as leases on its premises expire, several Welcome Financial Services branches could close.
In a statement, the ...
Cattles review of Welcome Financial brand puts 500 jobs at risk
by Kay Murchie
