Business

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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 The Six Hills Training Centre, based in Leicestershire has also been deemed to be outdated, and that all 15 employees will be losing their jobs.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...

Business News (October 2017)

Things are looking up Official records have shown that in September, the UK saw its lowest budget discrepancy for 10 years. Britain saw a deficit of £5.9 billion, a figure that is nearly down 11% compared to September 2016. The figures were announced by the Office for National Statistics. Economists had already forecast a deficit of approximately £6.5 billion, which will no doubt bolster Chancellor Philip Hammond prior to the Autumn Budget next month. August’s deficit is showing a revised amount of approximately £1 billion to £4.7 billion. The recent figures for September have shown that this is the third consecutive month where the public finance figures in the UK have been better than...

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...