Business

Lufthansa agrees pay deal with pilot union

Lufthansa has struck a deal to solve a five-year-long dispute with pilots that has cost it millions of euros. Germany’s largest airline and the Cockpit union have agreed upon an arbitrator’s proposal for a new wage agreement that covers about 5,400 pilots. The firm has agreed to a four-stage 8.7% total wage increase and a one-off 30m-euro (£25.5m) payment. That ... Read More »

Peugeot-Vauxhall: UK and Germany raise concerns on deal talks

The UK and German governments are seeking to safeguard jobs in the potential merger of the Vauxhall and Peugeot carmakers. Ministers have raised concerns after PSA Group, maker of Peugeot cars, said it was in talks to buy General Motors’ loss-making European business Opel. Opel has thousands of workers at its plants in Germany and UK arm Vauxhall. Business Secretary ... Read More »

Company Optimization 101: How To Keep Your Business Growing

If company optimization is one of your primary objectives for 2017, know that you can realize the objective. While there are many techniques you can deploy to facilitate business growth in terms of optimized revenue-generating potential, the following strategies can prove particularly empowering: 1. Update Your Sales And Marketing Strategies. One great way to optimize your company’s growth is by ... Read More »

Fund manager Hermes wants better governance for private infrastructure

British fund manager Hermes Investment Management on Monday called for improvements to the corporate governance code for private infrastructure assets, to ensure better outcomes for investors and other stakeholders. Among the suggestions made by Hermes, which manages 28.6 billion pounds across a range of assets, were for periodic board ‘effectiveness reviews’, as well as an independent chairman and a minimum ... Read More »

EU clears German plan for electric vehicle charging network

The European Commission said on Monday it had approved German plans for an infrastructure network for charging electric vehicles across the country. The plan, at a total cost of 300 million euros (255 million pounds) over four years, will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process. “Electric vehicles can provide ... Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales were down ... Read More »

Top UK companies consider pay scheme shake-up in response to backlash over huge executive bonuses

One in 10 top UK companies are considering scrapping so-called long-term incentive plans, which have unleashed sweeping waves of criticism for awarding top executives huge pay checks. According to the Financial Times, a shift towards a simpler, share-based bonus system could reduce the divide between the highly-paid chief executives and other workers within companies. Tobacco giant Imperial Brands scraps chief ... Read More »

Amazon admits it may have to pay fine for violating Iran sanctions

Amazon on Friday disclosed Iranian business ties that may have violated US sanctions, warning that it may be penalised after a regulatory review of the activities. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat Reduction and ... Read More »

Tesco is ‘overcharging customers’ by wrongly advertising out of date offers

Tesco customers are being ripped off by out-of-date price offers which do not get applied at the till, an investigation has found. Expired offers were found at 33 of 50 stores visited by the BBC’s Inside Out programme over a period of three-months in the West Midlands, Liverpool and Leeds. The investigation revealed that in some cases, multi-buy deals at ... Read More »

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion (2 billion pounds) to gain access to its flagship body contouring technology. The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close. Dublin-based Allergan, led by its acquisitive Chief Executive Brent Saunders, ... Read More »