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Tag Archives: new business ideas

Pensions: Automatic saving to start at 18 under new plans

Every worker aged 18 or over will begin saving into a workplace pension unless they opt out, under government plans to extend its automatic enrolment scheme.At present, the scheme means employers must enrol staff aged 22 and over and earning above £10,000 into a pension.Ministers hope to reduce the …

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Hunter Harrison: CSX railway boss dies

Hunter Harrison, the CEO of the US transportation company CSX, has died just days after going on medical leave.Mr Harrison, 73, died in Florida due to “unexpectedly severe complications from a recent illness”, the company said.The company’s shares fell sharply in trading on Friday after Mr Harrison’s leave was …

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Cash controversy: The High Streets with too many ATMs

Shoppers in Gallowtree Gate, in the centre of Leicester, should never find themselves short of cash.Within a five minute walk they can find no fewer than 68 cash machines, or Automated Teller Machines (ATMs) as they are more properly known.Including machines inside the banks themselves, there are 41 within …

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Sky News faces uncertain future after Disney-Fox deal

Walt Disney’s agreement to buy most of 21st Century Fox’s business for $52.4bn (£39bn) has raised further questions about the Sky News channel’s future.Before news of the deal, Rupert Murdoch’s Fox had been trying to buy the 61% of satellite broadcaster Sky that it does not yet own.That attempt …

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Britvic confirms Norwich factory closure

Britvic has confirmed it will leave its Norwich site, with the loss of hundreds of jobs in the city, in 2019.The drinks manufacturer, which co-owns Carrow Works with Unilever, said it would transfer production of Robinsons and Fruit Shoot to its other sites.It said it would offer employees redeployment …

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Ryanair in union offer to avoid Christmas strikes

Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period. Earlier this week, 79 Dublin-based Ryanair pilots said they would strike for one day on 20 December.The airline was also facing action by pilots elsewhere in Europe. Ryanair …

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Unilever sells margarine business to KKR for £6bn

Unilever has agreed to sell its margarine and spreads business, which include Flora and ProActiv, to private equity giant KKR for €6.8bn ($8bn; £6bn).The move follows a wide-ranging review of its business which was prompted by a takeover attempt by rival Kraft.Unilever said it would look for a buyer …

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Airbus chief Tom Enders to leave after power struggle

European planemaker Airbus has unveiled a shake-up of its top management team.Chief executive Tom Enders will not seek re-election when his term expires in 2019, the company said.Meanwhile, Fabrice Bregier, chief operating officer and head of the commercial aircraft arm, will step down in February.Guillaume Faury, currently chief executive …

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