London’s creative industries are a culture club boxing out young people – here’s how we can fix that March 26, 2019 London’s creative and cultural sector has boomed in recent years, but despite its success, women, members of black, Asian, and minority ethnic groups, and other people from less advantaged backgrounds remain woefully underrepresented, particularly in senior positions. This is a result of London’s creative industry becoming a “culture club” – one that is exclusive, with membership [...]
Staffline startles investors with results delay, shares plummet January 30, 2019 Recruitment support services company Staffline spooked investors into a mass sell-off today by delaying the publication of its full-year results without giving a reason. The AIM listed firm announced this morning it would provide a further update as soon as possible, sending shares into a nosedive. Staffline’s stock was 32 per cent down this afternoon. [...]
Shares in recruitment firm Page Group drop amid macroeconomic uncertainty despite record profits January 14, 2019 Recruitment firm Page Group saw its shares fall by seven per cent today after it said in its annual results statement that Brexit uncertainty has affected the job market. The FTSE 250 recruiter said that while it had increased its number of fee-earning staff by 561 in the first three quarters of 2018, this slowed [...]
Jobs boom ‘not just driven by low-wage jobs’, Resolution Foundation says January 14, 2019 Britain’s jobs boom has particularly benefited lower-income households but half of all employment growth since the financial crisis has come from high-paid jobs, according to think tank the Resolution Foundation. The group’s report into the country’s decade-long employment surge, which has seen an 2.7m jobs created, found that the jobs boom has not been driven [...]
Bombardier slashes hundreds of Belfast jobs in cost cutting drive November 21, 2018 Aerospace manufacturer Bombardier is to axe 490 jobs in Belfast as it scrambles to cut costs and streamline its operations. The aerospace firm had indicated earlier this month that UK jobs may be at risk as it announced 5,000 worldwide redundancies, most of those in Canada, where it is based. Bombardier said following the announcement [...]
Bank of England chief economist Andy Haldane hails ‘new dawn’ for wages after decade of stagnation October 10, 2018 The Bank of England's top economist today hailed a "new dawn" for wage growth after a "lost decade" for British workers' pay packets. Andy Haldane said that average weekly earnings growth had shown a "clear rise" and that other indicators of labour market tightness have increased to historically high levels. The Bank of England and [...]
UK industrial production drops in July as exports struggle September 9, 2015 UK factory output fell by 0.5 per cent in July compared with June, according to figures released the Office for National Statistics this morning, as firms continue to battle against a strong pound weak economic growth in major export markets. Total industrial production, which includes mining and quarrying as well as manufacturing, dropped 0.4 per cent. [...]
Pizza Express forced to redivide the dough September 9, 2015 Pizza Express has bowed to customer pressure and given waiting staff a bigger slice of the tips they receive when customers pay by credit or debit card. Eight in 10 of us usually tip waiters, so it is no surprise campaigners had targeted the restaurant chain over its failure to grant 100 per cent [...]
John McFarlane to staff: Leaked memo says Barclays needs to make “tough calls” to push up shareholder returns September 8, 2015 It's been just a couple of days since the traditional back to work season kicked off and already Barclays' boss John McFarlane has ruffled a few feathers with a memo sent to staff hinting at a cull. In a welcome back note sent to all Barclays staff this morning, City PM understands that the man famously [...]
