Business
Carillion chiefs “the people who built a giant company on sand”
The seven bosses of doomed company, Carillion, were given a grilling by MPs yesterday and it was an uncomfortable day for them all. They all faced a joint inquiry by the work and pensions and business select committees. Some of them accepted they had failed and others blamed anything but their own poor performance. Their conflicting accounts only increased the fear that the company was in total disarray and they were clinging onto a sinking ship while pocketing huge salaries. One,...
8.2% of Capita shares used by hedge funds betting against the failing business…and make £90m!
After Carillion collapsed with huge losses, news emerged that hedge funds made around £300m since the Government contractor began to fail. BlackRock – which recently hired former chancellor George Osborne on a salary of £650,000 for one day a week – the world’s biggest fund manager made over £16 million across its funds. Now as outsource giant Capita said that dividends would be suspended and the share price plummeted, hedge funds made £90m. IHS Markit indicated that 8.2 per cent...
Why train your own project managers rather than hiring fully trained?
Whatever type of business you’re in, creative agencies, to the public sector, if you have need for project managers within your team, you are likely to have thought long and hard about what kind of project manager you’d like to have. Questions you might be asking yourself before placing that all-important job advertisement may well be: Do we want someone who has worked in our type of business before? Do we want someone who is forward thinking? What budget do...
The value of using a specialist job board
If you are currently searching for a new job, then you are already fully aware of just how many job posts there are to sift through. While looking for jobs seems to have been made easier with the increase in the number of online job sites, in fact, the reality is that you now have the seemingly endless amount of similar job posts to work through to find the ones which are relevant to your search. While the internet has...
Brexit voting areas more likely to lose jobs to machines
As the UK economy becomes increasingly automated there are fears that the workforce in the North and Midlands will be adversely damaged, and these areas had a large percentage of Brexit voters. It is thought this will widen the north-south divide in the lead up to 2030. A total of 3.6m UK jobs could be replaced by machines. Of the top ten Mansfield, Sunderland and Wakefield are at the highest risk of having their jobs taken by machines. It it...
Is it time to deactivate your Facebook account?
When it comes to social media, there are generally two camps of followers. There are those who believe in the good of social media, its power to connect people from all over the world and help businesses grow – even now most of them are working on how to get more followers on Instagram and other platforms – but then there are others who view the world of social media with a much more cynical eye. Rather than bringing people...
Nautal: The Airbnb of the Sea has been born
A young entrepreneur startup has created the definitive website to connect boat owners with people who want to rent them. Buying a boat is a big investment, and their owners will spend a lot of money on them. With the advantage that boat owners can amortize this investment and nobody is left without being able to enjoy the sea, Nautal platform has been born, a startup created by entrepreneurs that helps boat owners to rent them to other people, whether...
Linguistic services that only professionals can do
A whole project can fall down as a result of bad translation. The translation agency Alphatrad UK offers professional, legal and official translation services in more than 100 languages and dialects. All kinds of translation services from one language to another are part of an exciting task that has to be based on thoroughness and a great knowledge of languages. Only the best specialists are wanted, or at least in the case of Alphatrad UK, a translation agency in London...
Why you need to understand the importance of language in business
More and more businesses are operating on a worldwide scale, with 40% of all business deals now made across borders. The internet has made international trading easier than ever, creating opportunities for substantial growth, so it is easy to see why so many companies are choosing to expand overseas. To successfully launch your business in foreign markets, you will need to adapt, and being able to converse with your clients is a pivotal aspect of going global. Employing foreign workers...