Publication: Guardian.co.uk - Business Blog

First reported 16 hours ago - Updated 3 hours ago - 1 reports

Andrew Higginson fits bill at Morrisons after keeping his hands clean at Tesco

Supermarket's new chairman looks like a good bet to help firm calculate damage as it makes cuts to fight discounters Andrew Higginson looks a good hire as next chairman of Morrisons. He was a main board director of Tesco for 15 years so was there for ... [Published Guardian.co.uk - Business Blog - 16 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Lloyds repo men default on the moral payments

Lloyds Banking Group will pay £7.76m to compensate the Bank of England, after some employees lied about 'repo' rates Did you think traders at Lloyds and Bank of Scotland would be grateful that taxpayers stumped up £20bn to save their banks in 2009? Ho, ... [Published Guardian.co.uk - Business Blog - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Rising interest rates: is it time for UK workers to get a decent pay rise?

Optimists believe that, after six years of falling real incomes, workers are due an above-inflation rise. So far it hasn't come The timing of the first interest rate rise in more than five years will depend on how many workers get a decent wage rise. ... [Published Guardian.co.uk - Business Blog - Jul 27 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Centrica should not have to compensate Iain Conn for leaving BP

Firm ought to confirm Conn will not receive 'golden hello' for forgoing BP share benefits Normal form is to wait until you've got your job offer 100% tied up before you tell your current employer you're quitting. But in the case of BP's downstream supremo ... [Published Guardian.co.uk - Business Blog - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Would Carlos Slim's three-day working week actually be workable?

Billionaire's brainwave would see employees work longer hours and fewer days for more years but would they gain? When the world's second richest person has a brainwave he believes could make everyone better off, the world listens. Earlier this week ... [Published Guardian.co.uk - Business Blog - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

PPI pain persists

Bill from the mis-selling scandal may be about to rise The payment protection mis-selling scandal will not go away. As many as 5,000 people a week are still complaining to the Financial Ombudsman Service about the way they were sold PPI and the way their ... [Published Guardian.co.uk - Business Blog - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

A banking change is just around the corner

If another banking inquiry can't sort out the banks then digital finance soon will - look what happened to travel agents Another banking inquiry has been announced , meaning more senior executives will be dragged over the coals, more promises of change, ... [Published Guardian.co.uk - Business Blog - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 1 reports

Carlos Slim may be right to call for three-day working week

Workers would benefit from longer hours on fewer days, says the Mexican telephone tycoon who is one of world's richest men Carlos Slim is not known for pronouncements on the nature of work. He is better known as one of the two or three richest men in ... [Published Guardian.co.uk - Business Blog - Jul 21 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

George Osborne's pension reforms are about the few, not the many

Policies will once again hit the poorest hardest by cutting face-to-face advice and relying on slimmed-down charities When pensions policy gets rewritten, the tail always wags the dog. This is another way of saying that the richest 20% dictate what happens ... [Published Guardian.co.uk - Business Blog - Jul 21 2014]
First reported Jul 17 2014 - Updated Jul 18 2014 - 1 reports

How not to cut 12,500 jobs: a lesson from Microsoft's Stephen Elop

Senior Microsoft manager sent staff 1,100-word email, devoting just two sentences to cuts two-thirds of the way through How not to cut 12,500 jobs: send your staff a windy 1,100-word memo that starts "hello there" , proceeds to torture its readers with ... [Published Guardian.co.uk - Business Blog - Jul 17 2014]
First reported Jul 11 2014 - Updated Jul 11 2014 - 2 reports

Eurozone crisis live: markets jittery on Portugal fears

Mixed day for Asian stocks, European investors expected to remain wary.Burberry to face shareholder anger over £20m executive pay dealConstruction data in the UK awaited 8.34am BST The Portuguese bank at the centre of the sell-off storm has issued ... [Published Guardian.co.uk - Business Blog - Jul 11 2014]
Entities: Portugal, Eurozone, Crisis
First reported Jul 09 2014 - Updated Jul 10 2014 - 1 reports

Premature claims and loose talk could hurt AbbVie's offer for Shire

AbbVie concedes it has no hard commitments that Shire's shareholders are 'generally supportive' of £30bn takeover offer "Statement from AbbVie Inc regarding press commentary," read the disingenuous headline on the morning update from the bidder for Shire. ... [Published Guardian.co.uk - Business Blog - Jul 09 2014]

Quotes

...he pressed "send"? One assumes not because a well-intentioned colleague would have told him to cull at least one of the two uses of the phrase "the finest of Microsoft's digital work and digital life experiences" in the first three paragraphs
...the fuss? It is, of course, possible for a company's pay committee to operate this way and to congratulate itself on how its judgments have been "corroborated by the support of a significant majority of share owners" as the current annual report described last year's outcome
...It is because, as BSkyB explains, "as customers choose other ways to buy our products, door-to-door sales are becoming less viable" . The review of door-to-door selling, apparently, was already taking place before the allegations were made
"The interest raterate cuts were a response to the unsatisfactory inflation outlook. "That we took unconventional measures is both down to the fact that we have almost used up the room to cut rates, and that we wanted to ensure that our expansive monetary policy also came through to the real economy." *WEIDMANN: NEED TO REMAIN VIGILENT TO POTENTIAL OVER-REACTIONS // so is that the new name for carry trades? It's all over the news, but it's more impressive on the charts. 10Y Spain yield below UST yield. Thanks, @ecb . pic.twitter.com/52FD1RTGZ7"

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sort by: Date | Relevance
Andrew Higginson fits bill at Morrisons after k... [Published Guardian.co.uk - Business Blog - 16 hours ago]
Lloyds repo men default on the moral payments [Published Guardian.co.uk - Business Blog - Jul 28 2014]
Rising interest rates: is it time for UK worker... [Published Guardian.co.uk - Business Blog - Jul 27 2014]
Centrica should not have to compensate Iain Con... [Published Guardian.co.uk - Business Blog - Jul 24 2014]
Would Carlos Slim's three-day working week actu... [Published Guardian.co.uk - Business Blog - Jul 23 2014]
PPI pain persists [Published Guardian.co.uk - Business Blog - Jul 22 2014]
A banking change is just around the corner [Published Guardian.co.uk - Business Blog - Jul 22 2014]
Carlos Slim may be right to call for three-day ... [Published Guardian.co.uk - Business Blog - Jul 21 2014]
George Osborne's pension reforms are about the ... [Published Guardian.co.uk - Business Blog - Jul 21 2014]
How not to cut 12,500 jobs: a lesson from Micro... [Published Guardian.co.uk - Business Blog - Jul 17 2014]
Eurozone crisis live: markets jittery on Portug... [Published Guardian.co.uk - Business Blog - Jul 11 2014]
Eurozone crisis: markets jittery on Portugal ba... [Published Guardian.co.uk - Business Blog - Jul 11 2014]
Premature claims and loose talk could hurt AbbV... [Published Guardian.co.uk - Business Blog - Jul 09 2014]
Skills shortage and housing bubble have arrived... [Published Guardian.co.uk - Business Blog - Jul 08 2014]
Wall Street record close above 17,000 boosts As... [Published Guardian.co.uk - Business Blog - Jul 04 2014]
Small businesses are the UK's greatest advantag... [Published Guardian.co.uk - Business Blog - Jul 02 2014]
Sports Direct shareholders are not all playing ... [Published Guardian.co.uk - Business Blog - Jul 02 2014]
Bullying payday lender is lucky it wasn't whack... [Published Guardian.co.uk - Business Blog - Jun 25 2014]
WPP should think twice as to whether smaller pa... [Published Guardian.co.uk - Business Blog - Jun 25 2014]
RBS and WPP to face shareholder unrest over pay... [Published Guardian.co.uk - Business Blog - Jun 25 2014]
Selling door-to-door carries too much risk of d... [Published Guardian.co.uk - Business Blog - Jun 24 2014]
Bank of England governor faces grilling from MP... [Published Guardian.co.uk - Business Blog - Jun 24 2014]
Rolls-Royce share buyback and capex pledge not ... [Published Guardian.co.uk - Business Blog - Jun 19 2014]
Zoopla and Rightmove are unlikely to start a pr... [Published Guardian.co.uk - Business Blog - Jun 18 2014]
Fifa is not a subject for the Institute of Dire... [Published Guardian.co.uk - Business Blog - Jun 12 2014]
UK unemployment data to show if jobs recovery c... [Published Guardian.co.uk - Business Blog - Jun 11 2014]
Bundesbank chief Jens Weidmann defends ECB's ne... [Published Guardian.co.uk - Business Blog - Jun 10 2014]
Tesco's current account: only time will tell [Published Guardian.co.uk - Business Blog - Jun 10 2014]
Centre for European Reform's analysis shows ben... [Published Guardian.co.uk - Business Blog - Jun 09 2014]
IMF to abandon criticism of UK economic strateg... [Published Guardian.co.uk - Business Blog - Jun 06 2014]
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sort by: Date | Relevance
Andrew Higginson fits bill at Morrisons after k... [Published Guardian.co.uk - Business Blog - 16 hours ago]
Supermarket's new chairman looks like a good bet to help firm calculate damage as it makes cuts to fight discounters Andrew Higginson looks a good hire as next chairman of Morrisons. He was a main board director of Tesco for 15 years so was there for ...
Lloyds repo men default on the moral payments [Published Guardian.co.uk - Business Blog - Jul 28 2014]
Lloyds Banking Group will pay £7.76m to compensate the Bank of England, after some employees lied about 'repo' rates Did you think traders at Lloyds and Bank of Scotland would be grateful that taxpayers stumped up £20bn to save their banks in 2009? Ho, ...
Rising interest rates: is it time for UK worker... [Published Guardian.co.uk - Business Blog - Jul 27 2014]
Optimists believe that, after six years of falling real incomes, workers are due an above-inflation rise. So far it hasn't come The timing of the first interest rate rise in more than five years will depend on how many workers get a decent wage rise. ...
Centrica should not have to compensate Iain Con... [Published Guardian.co.uk - Business Blog - Jul 24 2014]
Firm ought to confirm Conn will not receive 'golden hello' for forgoing BP share benefits Normal form is to wait until you've got your job offer 100% tied up before you tell your current employer you're quitting. But in the case of BP's downstream supremo ...
Would Carlos Slim's three-day working week actu... [Published Guardian.co.uk - Business Blog - Jul 23 2014]
Billionaire's brainwave would see employees work longer hours and fewer days for more years but would they gain? When the world's second richest person has a brainwave he believes could make everyone better off, the world listens. Earlier this week ...
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