Business

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Business News (June 2018)

Football’s coming home Football has not only hit the headlines this month due to the World Cup, but also due to the wealth of football across Europe. It has been reported that the football industry in Europe is worth a record breaking amount of £22 billion according to auditing consultancy Deloitte. Figures released by Deloitte have revealed that the five largest leagues in Europe have generated between them a record amount of €14.7 billion (£12.6 billion) during the 2016-17 season, showing an increase of 9% annually. The Premier League in England headed the lead previously with a revenue of £4.5 billion, with each of the 20 Premiership Clubs setting their...

Special Report: The General Data Protection Regulations

Cheryl Dyer Ballard examines the The General Data Protection Regulations, which will come into force on Friday, 25th May 2018. Here, Cheryl examines the implications, what exactly is involved, the whys, ways and means of this landmark EU legislation, why you need to act in accordance with it by the deadline, and what it means for you as an individual.   Introduction You may have noticed in your inboxes the large amount of emails that you are receiving from companies that you have registered your details with at some time or the other. Personally, I’m ignoring quite a few of them as they’re from companies that I don’t even recognise –...

Business News (May 2018)

Club 18-30 to disappear? Travel giant Thomas Cook are said to be considering the future of the Club 18-30 holidays brand that they took over in 1998. The Club 18-30s holiday was first introduced during the 1960s, a brand which became notorious with its somewhat cheeky marketing and risqué advertisements. The package holidays targeted younger singles and couples that wanted to travel without their families. Although originally marketed at the 18-30 age group, the actual ages that are targeted range from 17 up to 35. Thomas Cook believe that the Club 18-30 holidays are no longer appealing to millennials, and are looking to concentrate on their new Cook’s Club brand...

Our compliance with the General Data Protection Regulations

We’ve now updated our General Data Protection Regulations policy (GDPR for short).  This is to meet our obligations under the new European Union regulations which come into force on Friday, 25th May 2018.  You may have had a whole plethora of emails and communications from all manner of online companies and websites recently, saying things like “Updates to our privacy policy”, “Data changes to EU law: please read”…and so on.  It’s because of the massive change to data protection regulations in order to strengthen EU laws, which also means that any company that isn’t compliant by the due date has the potential to receive a rather large penalty for not doing so. According...

Business News (April 2018)

Weatherspoons calls time on social media Pub chain J D Wetherspoon have taken the decision to drop their social media presence following an announcement on their Twitter page, effectively leaving an audience of over 44,000 followers.  Their decision follows a time of bad publicity around the use of social media that also includes “trolling” incidents involving MPs, the misuse of personal data as well as influences surrounding the “addictive nature of social media”. It is believed that 900 public houses across the UK will leave Twitter, Instagram and Facebook with ‘immediate effect’. Wetherspoons Chairman, Tim Martin, believes that their move to remove themselves from social media sites will not affect...

Business News (March 2018)

Easter eggs: more box than chocolate? Well, according to survey carried out by Which?, a third of your Easter egg weight comes from its actual packaging. The survey was based on the 10 top selling eggs across the United Kingdom and included brands such as Lindt, Thorntons, Mars, and Cadbury. Which?’s research showed that the cardboard and plastic surrounding your Easter egg adds up to a third of the total weight of the entire package. Thorntons came at the top of the survey, with an excess 35% of its weight arising from the packaging. Thorntons responded, explaining that the reason for packaging this way was to seal in freshness and...

Business News (February 2018)

Road to nowhere The Automobile Associations (AA) who offer breakdown assistance, road maps, driving lessons and financial services are set to cut 100 jobs and close their Six Hills Training Headquarters. However, in a recent statement they have confirmed that jobs at the frontline would remain safe. With 100 jobs to be cut, it is believed that managerial and administrative staff mainly from its Basingstoke Headquarters would be the first to go. The Six Hills Training Centre, based in Leicestershire has also been deemed to be outdated, and that all 15 employees will be losing their jobs.  It is believed that a new training centre will re-open, its eventual location...

Business News (January 2018)

How to lose a Carillion The demise of Carillion has left many questions of how a large UK based company could go so spectacularly just in just a little more than a year? The situation has been brewing for a few years, with sceptical outside investors starting to dispose of Carillion shares as far back as 2013. Just six months ago, when City scepticism was at its highest, a quarter of the company’s shares were reported to have been used for “short” trades – it was then that a Hedge Fund Manager made assertions that the trade was being made popular to the point that it was not worth undertaking,...

Business News (November 2017)

Another Black Friday Shoppers are expected to splash out over five working days this week, as the UK continues its affair with Black Friday, the US-inspired discount day. British shoppers are expected to spend £10.1 billion in the week of Black Friday, nearly 4% higher than last year as more retailers take part in the American born promotional day. But the bargain fever seen in earlier years is thought unlikely to materialise as most activity will be online, with experts warning that the discounts are likely to be less exciting on the day, which falls on 24 November this year. Companies are finding it harder to deliver big price cuts amid strong inflation, partly resulting...

The Bulletin’s Guide to Sponsorship

This week, Cheryl Dyer-Ballard looks at sponsorship, what exactly it involves, who it benefits and how, and some of its advantages.  She looks at how you can sponsor a team or a cause, and the processes involved in making a difference to the community through sponsorship.   She also looks at some of history’s biggest sponsorship deals, and some of the ones that didn’t go so well. So, you want to get your brand noticed and do some good in the wider community? Read on… What is Sponsorship? Small businesses rely on revenue, and whilst many businesses rely on product sales and service charges as their main income source, other...