Nathan Bissitt, Author at Business Ideas UK

Articles

Dear Carillion Employees

ByNathan BissittJanuary 18, 2018

I once attended a seminar where Lee Iacocca (https://en.wikipedia.org/wiki/Lee_Iacocca) was speaking. He is considered an extremely successful businessman but had been made redundant several times in his life. And he suggested that, when you meet someone who has lost

Articles

History of franchising

ByNathan BissittJanuary 18, 2018

These days, franchises are big business. In the UK alone, there are around 900 franchising brands – up from 718 ten years ago – and the business model contributes a huge amount to the country’s economy. Thousands of people are employed by franchises and many

Articles

Franchise Definition: What is a franchise?

ByNathan BissittJanuary 18, 2018

What is a franchise? Although most people are aware of the term ‘franchise’, and many will have at least a vague understanding of its definition, there are still a lot of people out there who aren’t absolutely sure what a franchise is. Moreover many may be unsure of

Articles

Taxpayer to foot £199bn private finance bill

ByNathan BissittJanuary 18, 2018

Taxpayers face a bill of £199bn for projects outsourced to private companies even if no new schemes are awarded public money. The National Audit Office found that the 716 existing deals under Private Finance Initiative (PFI) and the successor, PF2, cost around £10.3bn

Articles

Bonuses for Carillion bosses are blocked

ByNathan BissittJanuary 17, 2018

Bosses and directors of Carillion will not get bonuses or severance payments, the government has said. The Insolvency Service said no such payments had been made since the construction firm collapsed on Monday.The announcement comes as work on Carillion’s public

Articles

Apple to pay $38bn on foreign cash pile

ByNathan BissittJanuary 17, 2018

Apple will pay about $38bn in tax on the $250bn cash pile it holds outside the US following recent changes to American tax rules.The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate.The tech giant also plans to to

Articles

Carillion audit chair faces calls to quit Victrex

ByNathan BissittJanuary 17, 2018

The Carillion director who chaired its audit committee for six years is under mounting pressure to quit‎ the board of Victrex, the listed polymer manufacturer. Sky News has learnt that a number of leading institutional investors plan to write to the board of Victrex

Articles

Goldman posts first quarterly loss in six years

ByNathan BissittJanuary 17, 2018

US investment bank Goldman Sachs has posted its first quarterly loss in six years amid continued troubles in its trading business.The firm lost $1.9bn (£1.4bn) in the last three months of 2017, as revenue slumped 4% from the prior year. It also reported a one-time tax

Articles

Tesco delays Clubcard changes after outcry

ByNathan BissittJanuary 17, 2018

Tesco is delaying changes to its Clubcard rewards scheme after an outcry from customers over how it would reduce the value of some of its popular voucher offers. Britain’s biggest supermarket said on Monday that it had “simplified” the scheme, which

Articles

Gender pay gap 'widens as women get older'

ByNathan BissittJanuary 17, 2018

The difference between what men and women get paid widens as women get older, new research shows. The Office for National Statistics found pay differences were smaller at younger ages, but increased from 40 onwards, reaching a peak between 50 and 59.It also found the