Business

Peugeot in talks to buy GM’s Vauxhall and Opel business

France’s PSA Group, maker of Peugeot and Citroen cars, is in talks about taking over General Motors’ (GM) loss-making European business Opel. PSA, which already works with GM in Europe on several projects, said a takeover was among “numerous strategic initiatives” being considered. Any deal would involve Opel’s UK arm Vauxhall, which employs 4,500 staff at plants at Ellesmere Port ... Read More »

Lloyd’s of London angers staff with workday boozing ban

The days of the three-hour, five-bottle City lunch appear to be well and truly over after Lloyd’s of London introduced a booze ban. The insurance market has told its 800 employees that they are not allowed to drink alcohol between 09:00 and 17:00. Lloyd’s said it had been considering the move for some time to bring it into line with ... Read More »

Yogurt firm warns on higher milk prices

Danone, the world’s largest yogurt maker, has said it expects a “steep rise” in milk prices this year. The French firm, which makes Activia and Actimel yogurts, said the increase would weigh on profits, but did not say if it would need to raise prices. Danone also said it was implementing cost cuts worth 1bn euros (£850m). Milk prices will ... Read More »

UK wage growth outpaces inflation

Wages grew faster than the rate of inflation at the end of 2016, official figures show. In the three months to December, wages grew 2.6% on an annualised basis in the UK, according to the Office for National Statistics (ONS). However, that was slower than the previous period, leading analysts to suggest households could face a “squeeze” on spending later ... Read More »

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 »