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The accounting company, Ernst & Young, have recently completed analysis which shows that the number of profit warnings being issued by companies has risen by 70 percent. In the third quarter the number of profit warnings was around 50 but in the final quarter nearly 90 warnings were issued. This shows the biggest increase in this [...]  The High Pay Commission has recently completed an enquiry into the pay of business executives and how it has increased over the last three decades. The report found that the pay of top executives has increased by over 4000%. The report is also claimed that this is damaging people’s trust in business in the UK. The [...] For six month in a row the powerhouse services sector increased in June. Although business confidence reduced to the lowest in over six months amidst fears that the economic recovery is slowing. A CIPS/Markit survey where growth is recorded with a reading of 50 or higher showed a reading of 53.9 for June just up [...] One of the problems facing small businesses in the U.K. is the failure of other, larger businesses that purchase products and services to pay their bills on time. According to the Forum of Private Business’s CEO, Phil Orford, big companies that do work for the public sector are generally paid promptly, but they don’t pay [...] A sharp rise in sales was reported by pub giant Burton as it also revealed it plans for later this year of demerger were making progress. Centrum 100-based Punch Taverns revealed that like for like sales in Spirit, the managed side, increase 7% in the twelve weeks to May 28 in their third-quarter trading update. They [...] On Wednesday Sainsbury’s (SBRY) the Supermarket giant reported good profit on high sales for the full year, with additional market share gains and the growth being driven by non food businesses. Total sales were up over 7% including VAT, announced the FTSE 100 listed firm, for the year end March 19 at £21.94 billion. The third [...] New car sales dropped by 8% to just over 366,000 even though the 11 registration plate was launched last month says the Society of Motor Manufacturers and Traders. The car scrapping scheme that ended a year ago this month makes this March the last month to be compared with the boost that was received from [...] The pound dropped everywhere on Thursday after retail sales slumped despite the fact that most people believed they would rise with the economic recovery underway. The Office for National Statistics announced figures that show retail sales were down by a little under 1% on a month on month average compared to the 0.5% drop that [...] London and the North West have been the hardest hit with pub closures with 25 shutting their doors each week causing thousands in job losses according to a recent report. Over 13,000 jobs were lost due to over 1,300 pubs closing in Britain last year says the British Beer & Pub Association (BBPA). A call has [...] It has been reported that the UK lost a staggering £1.3 billion in 2010 due to fraudulent and excessive expenses The report comes from GlobalExpense, one of Europe’s leading expenses outsourcers. The £1.3 Billion loss consisted of £999m for claims that were outside of a company’s policy, and £324m for claims that were fraudulent. It averaged [...] |
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