Business

Category

Business News (September 2017)

Licence revoked Following Transport for London’s decision not to renew Uber’s licence to operate in London, Chief Executive Dara Khosrowshahi has apologised openly in a letter for the mistakes the company has made. TfL have refused to renew Uber’s licence within London, following concerns regarding their business practices, referring to four main areas of concern including their approach to reporting criminal offences, and carrying out safety and background checks on their drivers. Uber’s licence is due to expire on 30th September; however, they are planning to continue business whilst pursuing a legal appeal that has the potential to last for a year. The Mayor of London, Sadiq Khan and Chairman of TfL welcomed...

Business News (August 2017)

Off the rails again Britain’s busiest rail station was practically at a standstill this week following a points failure and coach derailment after a collision with an engineering vehicle on the outskirts of London’s Waterloo Station. Unfortunately this event also coincided with an announcement that prices were about to rise for commuters in and out of London. Calls to the government to introduce frozen rail fares have been made following details of further increases to rail travel prices in 2018. The Campaign for Better Transport have raised concerns that commuters simply cannot keep paying more for their fares, and want to see ticket prices frozen in January 2018. The Campaign for...

Business News (July 2017)

Miner’s strike The digital currency Bitcoin has narrowly avoided splitting into two separate currencies following a network upgrade. This upgrade will improve the ability for Bitcoin to cope with an ever-growing number of transactions. Bitcoin have a group of ‘miners’ who each represent a group of computer operators. Their job is to ensure that the blockchain is kept secure. The miners have averted a split that would have created two digital ledgers, also known as blockchains (digital ledgers in which transactions made in Bitcoin or other cryptocurrencies are recorded chronologically and publicly). The miners have indicated that they support the improvements being made to Bitcoin under the new proposals named as ‘Bitcoin Improvement...

The Bulletin’s Guide to Bribery and Corruption

This week, Cheryl Dyer-Ballard examines the issue of bribery and corruption in the workplace.  What constitutes corruption or a corrupt act, or can a seemingly innocent act be twisted into something more sinister? When does a gift become a bribe, or  a simple lunch become a very awkward encounter with HR and possible dismissal? Cheryl investigates… Introduction An anti-bribery policy could be the best way to help you protect your business if there is a risk of your staff being offered, promised, given, requested, agreed, to receive or accept bribes. Under the Bribery Act 2010, this form of practice would be considered illegal. If you have someone who works for you...

Start-up Corner: Colour Blocking in the Office

Charlie Smith takes a look at how to spruce up your office with colour.  Following on from her popular article from last year, Start-up corner: Build your company identity, Charlie looks at what colour can do, how to use its potential in the work environment and make valuable changes to the way in which you work and think, and how colour can literally affect your mood and those around you.Introduction For those that don’t know me, I’m a sucker for colour and design, so colour blocking sounded like an exciting article to research and write.  So, could it be time to freshen up your work area? Research shows that the psychological...

Business News (June 2017)

The Queen’s Speech During the annual state opening of Parliament this week, the Queen announced plans for the government to pass new laws to protect your personal data and to create a commission for countering extremism on the World Wide Web. The Queen’s speech also covered eight bills relating to the Brexit and the UK’s departure from Europe and the implications it will have for key industries within the UK. It also covered Theresa May’s minority government’s intention to discard several number of initiatives including the expansion of grammar schools within the UK and a vote to restore the traditional sport of fox hunting. The manifesto for a digital charter remained,...

Business News (May 2017)

Phone switching made easy Switching mobile phone providers could soon be a matter of just sending a text message to your provider in a simple one stage process under plans drawn up by regulator Ofcom. By removing long drawn out telephone conversations with current providers, or using other methods to “un-lock” mobile phones, your provider could simply provide you with a code to switch providers – saving money and increased phone bills. According to research by Ofcom, customers have shown their support with the proposals and would welcome the change. Customers have complained about not only the speed that the change takes place, but have also highlighted hidden costs incurred whilst...

The Bulletin’s guide to Brexit for small businesses

This week, Cheryl Dyer-Ballard and Steven Parham look at the United Kingdom’s decision to leave the European Union: Brexit.   Here, they examine the history of the Eurozone and some of the events leading up to the referendum in 2016.  They look at what happened to create the conditions for the decision to be made, what it means for Britain now, and in the future, the pound in your pocket,and how it will affect businesses both small and large. What does Brexit mean? Before we start this article we need to look at exactly what Brexit means. When we speak about Brexit, we are talking about the decision made by the United Kingdom...

Business News (April 2017)

EDF raises electricity prices for second time this year The energy firm EDF has announced that from 21st June 2017, customers will see an increase in their gas and electricity prices for a second time this year. Customers will see an increase of 9% for their electricity supplies, while gas supplies will rise a further 5.5% for standard tariffs. The hike in prices will see the average dual-fuel customer paying a further £78.00 per year, raising their annual bill to £1,160.  It has been reported that the majority of EDFs customers are on fixed price deals and will not be affected by these rises. However, Ofgem has criticised this rise...

The Bulletin’s guide to expanding your business

This week, Cheryl Dyer-Ballard looks at expanding your business.  What is involved, what are the processes and mechanisms involved, and the pros and cons of going the extra mile to grow your business.   From business loans to mergers, Cheryl examines the ways in which you can increase your business and your turnover, looking at how you can mitigate some of the risks involved and make the most of your connections. Introduction Having written an article on winding up your business a few months back, I now feel that it is important that I look at the opposite side of business. So the big question is, how can you effectively expand...