Business
Is the Bull Market Set to Collapse?
By Charles Hibbert It is well known around the markets and economy that expansions don’t last long, they don’t die of old age, but that doesn’t mean they can’t get still get slightly weary and last a little longer. In the eighth year of the current bull market, recent stocks have risen to an all time high, which makes this the second-longest lasting market in history. However, despite this success, Jonathan Gilonna head of US equity strategy research at Barclays...
“I own you” Sir Philip Green is accused of slur to staff member
Another day another piece of bad publicity against Sir Philip Green the former chief of BHS. This time a member of staff at BHS claims the tycoon slapped her down after they had the audacity to stand up to him. Chris Page, 68, explained how she spoke to Green while working on the shop floor back in 2000 The gran of seven said: The gran of seven said: “I was working in the Christmas shop. “I was getting to work...
Three year slump for manufacturing post-Brexit
More doom and gloom sadly as more business data has emerged post-Brexit. It has been reported that the UK’s manufacturing sector is at its lowest level for over three years. It is more worrying news that the UK economy is grinding to a halt as the fall-out from the EU referendum begins to take its toll. An index, by Markit, of the manufacturing industry, a month by month study, indicated a fall to 48.2 in July down from 52.5 in...
Should We Work From Home In The Summer?
By Charles Hibbert British summer weather has led to suggestions we should work from home more as office workers being more unproductive in the working week. Research shows that UK office workers were originally committed to work for three days a week, but with temperatures rising, workers are unproductive for half the week. Those polled said that if temperatures exceed 27 Celsius, the working day should actually be cut short. When asked how many hours a week they are fully...
Hinkley Point delay called ‘bonkers’ by union
A VIP tent was being set up at the site yesterday, but the champagne was literally put back on ice, as the nuclear plant at Hinkley Point was delayed today. Philip Hammond, gave his full backing to Hinkley Point C only two weeks ago, saying: “We have to make sure the project goes ahead.” Environmental groups will welcome the delay and will hope that this signals a cancellation in the controversial scheme. However, the GMB union has described the delay as...
Consumer confidence in UK at 26 year low due to Brexit
More depressing Brexit fall-out news, as household and manufacturing confidence is the lowest it has been since 1990. The study was carried out by GfK, a market research company, and the index indicated the sharpest month on month drop for almost thirty years. Fears about the economic future of the UK post Brexit have dramatically damaged the confidence of UK manufactures and households alike. People are lot gloomier about their own personal finances and are less likely make big ticket...
Most common Customer Relationship Management mistakes
As part of our business advice series, TheLondonEconomic.com spoke to Neil Slater, General Manager at DMC Software about the Most Common CRM (Customer Relationship Management) mistakes that businesses make. Whilst Customer Relationship Management (CRM) solutions have been around for a long time now, many businesses are still finding that their solution is not living up to their expectations. Adopted as part of a vital strategy for growth, they have become a tool for all businesses to enhance their customer management, and...
London PR firm refused to share building with ex-offenders’ charity
A PR firm has taken a harsh stance against a charity who wanted to move into the same building as them. According to City A.M. Lee Publicity, a fashion and home PR business would not accept a charity that helps female ex-offenders to get into work, to locate themselves at the same address. The charity, Working Chance, was set up to provide workshops to women who have been in trouble with the law. They run seminars to help the offenders...
Highest-Paid CEOs Run Worst-Performing Companies
The multi-million pound pay packages handed out to CEO’s don’t actually improve the companies they work for, in fact it makes them worse. A newly published study by corporate-governance research firm MSCI has highlighted this issue. They ask the simple question: “Has CEO pay reflected long-term stock performance? In a word, ‘no.’” Many people have complained about huge salary boosts to heads of companies, now these increases don’t actually improve business performance; there will be questions raised why these packages...