Mazars merges with Chinese audit firm ZhongShen ZhongHuan January 18, 2016 Professional services firm Mazars announced today that it completed a merger with Chinese audit firm ZhongShen ZhongHuan in December last year. The newly-merged firm will operate in 77 countries, including 15 offices with 1,800 professionals in mainland China that were originally run by ZhongShen ZhongHuan. Mazars, which has had a presence in China for almost two decades, [...]
Tesco, Sainsbury’s and M&S are among most praised companies by NGOs but VW and Royal Dutch Shell make “naughty” list of most criticised January 18, 2016 Tesco, Sainsbury's and M&S are certainly not having the best of times on the high street these days, but there's one place their winning at least. The three are among several of the biggest global companies to make a "nice" list of companies which pressure groups and campaigners across the world, from the likes of Which? to Greenpeace, have [...]
Credit Suisse share price falls as it unveils plans to cut London costs by £627m and make job cuts January 18, 2016 Swiss banking giant Credit Suisse has confirmed it will slash costs by hundreds of millions of pounds in an effort to reduce its London office, it has been reported. The BBC said this morning that the bank told investors it was targeting cost reductions of SFr3.5bn (£2.4bn), with SFr900m of those reductions – about £627m – [...]
Xchanging share price up: Deal edges closer as Computer Sciences Corporation offer becomes unconditional January 18, 2016 US-based Computer Sciences Corporation (CSC) revealed today that it is one step closer to purchasing outsourcing company Xchanging, after 87 per cent of Xchanging's shareholders accepted its offer. This level of acceptance means CSC's offer is now unconditional. Share price in Xchanging, which started trading late today, rose after the announcement and were trading up 0.5 per [...]
Tata Steel to cut another 1,050 jobs in Britain at sites in Port Talbot, Trostre, Corby and Hartlepool January 18, 2016 Tata Steel has confirmed it will axe another 1,050 jobs across the UK, including 750 job losses at the UK's biggest steel maker Port Talbot. Around 100 jobs will also go at its steel mills in Trostre, Corby and Hartlepool, alongside 200 support roles. It blamed the proposed changes on slumping European steel prices, largely due to a flood of cheap imports, [...]
Asda will axe jobs in the UK as supermarket struggles continue January 18, 2016 Asda will axe jobs in the UK amid increasing pressure on British supermarkets. The redundancies will be at Walmart-owned supermarket's Leeds head office. The supermarket said in a statement: "It’s well documented that in recent years, customers have radically changed the way they shop. "We were the first of the “big four” to recognise this and [...]
BT creating 1,000 new UK jobs in bid to move criticised customer services back to the UK January 18, 2016 BT announced today it would be creating 1,000 new jobs in the UK, as the telco giant works to move its criticised customer services back to the country. BT’s goal is that at least 80 per cent of customer calls are answered from within the UK by the end of the year, and to that [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
Wolseley chief Ian Meakins retiring after seven years, replaced by John Martin January 18, 2016 Ian Meakins, chief executive of struggling UK plumbing and heating group Wolseley, has announced plans to retire after seven years in the role. Meakins, who will leave Wolseley in August, will be replaced by current chief financial officer John Martin. The role of chief financial officer will be taken on by Simon Nicholls, currently at aerospace [...]
Home Retail Group share price soars on announcing it will return £200m to shareholders with Wesfarmers to buy Homebase for £340m January 18, 2016 Home Retail Group has announced it will be returning £200m to shareholders, following the sale of its Homebase chain to one of Australia’s biggest listed companies. The British retail group has confirmed reports it will sell the DIY chain to Australian Wesfarmers for £340m. Wesfarmers, which already owns DIY supplier Bunnings, said it will spend another £242m [...]
