Key Biz aggregator - aggregated feeds in category North Yorkshire


Business Now Mag aggregator
Business Now Mag - aggregated feeds
  • Pubs For Sale (Info for customers): Stunning Shrewsbury Inn And Restaurant For Sale
    Retirement sale of unique, charming period property set in 4 stunning acres of Shropshire. 100 cover dining room, 7 en-suite letting rooms with planning permission for an additional 10. 300+ yard Ri
  • BBC Business News: Mining stocks lead FTSE 100 higher
    London's leading shares open higher, extending the week's gains, with the rise led by mining companies.
  • Business Matters: Tesco sees new fall in profits

    Underlying profits for the first half of its financial year were £354m, 55 per cent down on the same period last year, when it made £779m, reports The BBC.

    Its pre-tax profit was £74m, compared with a loss of £19m for the same period a year ago.

    UK like-for-like sales were down 1.1 per cent in the second quarter, an improvement from the first quarter’s fall of 1.5 per cent.

    International sales were up 1 per cent.

    In February, Tesco reported the worst results in its history, with a record statutory pre-tax loss of £6.4bn for the year to the end of February.

    Chief executive Dave Lewis said: “In the UK, we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment.

    “Our transformation programme in Europe has accelerated growth and reduced operating expenses, and in Asia, we have gained market share in challenging economic conditions.”

    Mr Lewis has been focusing on cutting prices and putting more staff in stores in an effort to attract customers back to Tesco.

    Tesco has completed the sale of its Homeplus stores in South Korea, reducing its debt by £4.2bn, but it has decided to keep its Dunnhumby data business.

    The supermarket is still under a criminal investigation by the Serious Fraud Office (SFO) after it admitted overstating its profits by £263m nearly a year ago.

    In a BBC interview, Mr Lewis declined to comment on reports that the company was close to striking a deal with the SFO.

    The results come a week after rival Sainsbury’s forecast better-than-expected full-year profits, but the big four supermarkets continue to be under pressure from discount retailers Aldi and Lidl.

  • Business Matters: Worldwide growth is at six-year low, IMF warns

    In a gloomy assessment of the immediate prospects for world business and trade, it cut its forecasts for world growth for the second time this year to only 3.1 per cent, reports The Times. It also warned that “downside risks have risen”, on the back of problems in China and other developing nations and the impact of commodity price falls on resource-rich economies.

    Growth in Germany, Europe’s traditional powerhouse economy, also would be weaker than expected, it said.

    Brazil and Russia are forecast to shrink this year and next, dragging down emerging market growth for a fifth consecutive year and confirming fears that the global economy is close to stall speed, which economists estimate to be below 3 per cent.

    While emerging markets struggle, the IMF said that advanced countries would enjoy their strongest year since 2010. Britain is forecast to expand by 2.5 per cent this year, revised from 2.4 per cent since July, and unchanged next year at 2.2 per cent. The United States will just beat the UK, with 2.6 per cent growth in 2015.

    “The good news for the UK comes against a backdrop of weaker global growth. That’s why we must continue working through our long-term plan to build a resilient economy,” a Treasury spokesman said.

    The slowdown in the global outlook comes as countries continue to fight off the hangover from the financial crisis. Central banks have printed €7 trillion in quantitative easing and interest rates are near zero.

    Maurice Obstfeld, the IMF’s chief economist, said: “Six years after the world economy emerged from its broadest and deepest postwar recession, a return to robust and synchronised global expansion remains elusive. Downside risks to the world economy appear more pronounced than they did just a few months ago.”

    Although the IMF left its growth forecasts for China unchanged at 6.8 per cent this year and 6.3 per cent in 2016, below Beijing’s 7 per cent target, it warned that the country’s transition from investment to consumption-led growth would be tricky.

    Weak oil prices and capital flight from emerging markets ahead of any US interest rate rise also posed a threat by potentially weakening economies further. The IMF urged China to press ahead with market-based reforms to open up its economy and release the dollar peg to float the yuan.

    The IMF downgraded global growth to 3.1 per cent this year, from its 3.3 per cent estimate in July and 3.5 per cent in April. Growth is expected to rebound to 3.6 per cent in 2016. To fend off a worse slump, governments were told to consider borrowing to spend on much-needed infrastructure.

    “The case for infrastructure investment seems compelling at a time of very low long-term real interest rates,” Mr Obstfeld said. The stance puts him at odds with George Osborne, who wants to eliminate the UK’s deficit first.

    The IMF also said in its World Economic Outlook that it expected the US to start raising rates this year and for Britain to follow in 2016.

    The fund predicted that oil prices would remain low, at $55 a barrel into 2017, helping to sustain growth in advanced nations but hitting emerging market oil producers.

  • Business Matters: VW’s CEO: all cars affected by rigging to be repaired by end of 2016

    Volkswagen’s chief executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions rigging in January and complete the fix by the end of next year, reports The Guardian.

    “If all goes according to plan, we can start the recall in January,” Mueller told the Frankfurter Allgemeine Zeitung. “All the cars should be fixed by the end of 2016.”

    Mueller also told the newspaper that he believe only a few employees were involved in the diesel emissions rigging that has hammered the company’s stock and done severe damage to its reputation, refuting the notion that his predecessor Martin Winterkorn may have known about it.

    He said VW would have to become slimmer and more decentralised, saying every model and brand would be closely examined for its contribution to the company. But he said an “evolution” rather than a “revolution” was needed to get VW back on track.

    Mueller also rejected the suggestion that VW had informed financial markets too late about the diesel problems despite having told officials at the US Environmental Protection Agency weeks before it went public.

    The company also apologised for its emissions scandal in a letter to US customers obtained by Reuters on Tuesday, but the German carmaker said a remedy would take time.

    “I am writing you today to offer a personal and profound apology. Volkswagen has violated your trust,” read the letter written by the head of the German company’s US arm, Michael Horn, which was dated 29 September.

    Horn said the company was working hard on remedies to bring cars into emissions compliance as soon as possible but “getting this right will take some time”.

  • Business Matters: ‘Bureaucratic nightmare’ of EU criticised by British bosses

    Business leaders have thrown their weight behind the argument that being a member of the European Union makes little difference to Britain, reports The Telegraph.

    Recruitment company founder Robert Walters said exports are unlikely to be affected if Britain were to pull the plug on EU membership following the referendum due in 2017.

    Meanwhile, the senior vice-president of Tate & Lyle Sugars has criticised Europe’s heavy-handed approach to regulation.

    In letter published in The Telegraph today, Gerald Mason said it is time “Europe let Britain be itself”.

    The views echo those of General Electric chief executive Jeff Immelt, who told The Sunday Telegraph earlier this week that Britain’s place in the EU makes little difference to global investors.

    Mr Immelt explained that Europe would never be a “perfectly homogeneous common market” in his lifetime due to the differences between the member countries.

    “It’s important the UK has good relationships around the world, but I don’t really think that its place in the European Union makes that much difference,” he said.

    Mr Walters said there are some benefits to being a member, but that the level of bureaucracy is a heavy burden on the state.

    “If we get ourselves out of the bureaucratic nightmare Europe creates, that would be beneficial. And the amount of money spent propping up that bureaucracy. There would be no worries about an exit.”

    He made the comments as his London-based firm, Robert Walters, posted its seventh successive quarter of double-digit growth in the three months to end of September.

    Business chiefs also attacked Home Secretary Theresa May’s “anti-immigration rhetoric” at the Conservative Party conference.

    Simon Walker, director general of lobby group the Institute of Directors, said Ms May’s proposals to launch a new crackdown on migrants and asylum seekers would “turn away the world’s best and brightest”.

    “The myth of the job-stealing immigrant is nonsense. Immigrants do not steal jobs, they help fill vital skill shortages and, in doing so, create demand and more jobs. If they did steal jobs, we wouldn’t have the record levels of employment we currently do,” he said.

    Mr Walters added the UK is suffering from a shortage of skilled workers in professions such as accountancy, law and IT. He said the economy would benefit from people coming to the country with the right skills.

  • BBC Business News: Tesco sees new fall in profits
    Troubled supermarket Tesco has announced a further big fall in profits as it struggles to turn its business around.
  • BBC Business News: AB InBev raises its offer for SABMiller
    Belgian brewing giant Anheuser-Busch InBev raises its offer for rival SABMiller after two previous bids were rejected.
  • BBC Business News: Firms pushed over haze-linked products
    Singapore is putting pressure on major retailers in Singapore to not use or sell materials produced by firms linked to fires in Indonesia.
  • Business Matters: Matching your brand to the bag

    Choosing the right bag for your purposes will be a difficult thing, but there are a few attributes that you will always want to make sure you seek:

    • Durability
    • Proper Size
    • Handles
    • Ability to Brand

    These might not seem like ‘big’ things, so to speak, but they are far more important than you realize, and with good reason. First of all, you need a bag that the customer is able to use easily as they pack their items and leave the store.

    Secondly, it needs to be able to handle the items that the customer is going to put into them. Once again, it sounds obvious, but if your paper bag is too small, they will be dissatisfied and unable to carry all of their items out to their vehicle conveniently.

    On the other hand, however, if the bags are too large, the customer is going to be overwhelmed. When you are in the process of searching for carrier bags for sale, takeaway paper bags need to be matched toy our brand, and they need to be more than ready to meet the needs of the customer.

    Let’s take a look at a few considerations that you need to make if you are going to provide paper bags to your buyers and patrons.

    Your Products
    What kinds of products do you sell? You need to take a look at your inventory and determine what types of bags they might need. Let’s say for a moment that you run a candy store. Obviously the types of products you sell are going to be fairly small, and with that being the case you are not going to need massive bags.

    Of course you might have that one odd product that is larger than the others, and that would create an anomaly which you would have to compensate for. All in all, your products are what will dictate the types of bags that you wish to have in your store.

    The Type of Store
    The types of products you sell will dictate the quality and type of bag that you want to use. For instance, if you are a higher end store that sells higher end products, you will obviously want something that reflects that.

    A high quality bag with woven handles, for example, might be appropriate. You see, the type of bag you have will leave a lasting impression on the customer. There is no point in giving them the best possible experience throughout your store if you are going to let them down on the way out.

    In contrast, you do not want to provide a less than outstanding experience and then give them the best possible bag at the checkout as that would get more than a little confusing.

    This is definitely something to keep in mind when you are in the process of outfitting your store with bags.

    One thing you should always do however, regardless of the type of store you are running, is to make sure that you are using bags with carry handles. Giving your customers the ability to carry their items easily is hugely important and most certainly a consideration when it comes to their experience. The best carry bags do have handles, and they are ready for the customer no matter what the situation.

    The last part of making sure the bag fits the brand is choosing the proper branding for it. Carry bags can be customised in many ways, from the colour all the way to the types of handles that it uses.

    You also have to consider placing your company logo on the front of the bag. Fortunately this is a provided service and you can even send in your own logo for featuring on the bag. Keep in mind however that it works best with high resolution images that can be placed on the front of the bag.

    This is a great addition to any bag and one that will make an amazing impression regardless of your company.

    There are many considerations for you to make when it comes to choosing the right bag for your business, so start taking a look at your options and make sure that you are ready to deploy the correct solution. Much of your business relies on first impressions, but the bag you provide is your last impression and it counts just as much.

  • BBC Business News: Asian shares see mixed day of trading
    Asian shares see a mixed day of trading on Wednesday after Wall Street finished lower following five days of gains.
  • BBC Business News: VIDEO: Cameron wants house-buying 'crusade'
    Prime Minister David Cameron is to tell the Conservative Party conference he wants to begin a "national crusade" to help young people buy their first home.
  • BBC Business News: VIDEO: Scandal-hit VW announces new year recall
    Volkswagen vehicles affected by the firm's emissions scandal will begin being recalled in January, with all of them repaired by the end of 2016, the company says.
  • BBC Business News: VIDEO: Climbing profits: a firm from a hobby
    Joanne Soo runs an adventure company that takes people abseiling and mountain climbing.
  • BBC Business News: Samsung profit forecast up 80%
    Electronics giant Samsung estimates its third quarter operating profit will be 7.3t won ($6.29bn; £4.13bn) - up 79.8% from a year earlier.