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Tag Archives: business

Royal London grows Irish business by 31%

LONDON: Royal London’s Irish business reported a 31 per cent jump in new business in the first half of 2015, driven by strong growth in the company’s protection business. In the six months to June 30th, Royal London’s total new life and pensions business rose to € 4.1bn, up by 34 per cent on the same period in 2014, reflecting ... Read More »

IBM Watson helps UK business get bottom line analytics in minutes

LONDON: While companies have been beefing up data analytics staffs and calling upon universities to churn out more data scientists, another front of activity has quietly emerged that exposes many of the old cracks in enterprises that historically have stood in the way of getting work done. Simply put, how do you get everyone in the organization to agree on ... Read More »

UTV confirms talks to sell TV business

LONDON: The media company UTV has confirmed it is in talks that could lead to the sale of its television business. UTV has operated a television station in Northern Ireland since 1959 and has other television and radio operations in the UK and Republic of Ireland. UTV broadcasts many of Northern Ireland’s most watched programmes. Ulster Unionist Party leader Mike ... Read More »

TUC says Union legislation to effect businesses

LONDON: The Government published its Trade Unions Bill – a grossly unfair package of measures that will tip the balance of power in the workplace. The proposals will make getting a much-needed pay rise, stopping job losses or negotiating better conditions at work much more difficult. They’ll make it harder for unions to do their day-to-day job of dealing with ... Read More »

Hungarian Business confidence falls in Q2: MKIK

BUDAPEST: A gauge of SME confidence by the Hungarian Chamber of Commerce and Industryʼs (MKIK) Economy and Business Research Institute (GVI) fell to 21 points in July compared to 24 points in April, Hungarian news agency MTI reported yesterday. The index dropped on worsening expectations, especially for expected capacity utilization rates and production. SMEs also reported feeling less confident about ... Read More »

Turkey’s top business group calls for progress in coalition government talks

ANKARA: Turkey’s top business group called on the political parties to continue negotiations seeking to form a coalition government as soon as possible amid rising violence due to terror attacks on Aug. While welcoming the coalition efforts ongoing since July, the Turkish Industry and Business Association (TÜSİAD) said in a written statement they expected these efforts to reach a conclusion ... Read More »

Turkey’s top business group calls for progress in coalition government talks

ANKARA: Turkey’s top business group called on the political parties to continue negotiations seeking to form a coalition government as soon as possible amid rising violence due to terror attacks on Aug. While welcoming the coalition efforts ongoing since July, the Turkish Industry and Business Association (TÜSİAD) said in a written statement they expected these efforts to reach a conclusion ... Read More »

UK-wide recruitment business Cordant opens new Cardiff office at Windsor Place

LONDON: Nationwide recruitment company Cordant has officially launched its Cardiff office at Windsor Place. Established in 1957, Cordant Recruitment is the UK’s second largest privately-owned recruitment company with more than 160 branches nationwide. Cardiff branch manager Kim Partridge said: “We operate across several sectors specialising in general and professional staffing, which means we can recruit candidates in anything from general ... Read More »

Philip Hammond says business as normal despite looming EU referendum

BRUSSELS: Philip Hammond says he hopes Singapore businesses will not put UK plans on hold ahead of EU membership vote. The United Kingdom’s looming referendum on membership of the European Union (EU) should not be a barrier to Singapore companies doing business there, Britain’s Foreign Secretary said. Philip Hammond, who was here for Singapore’s Golden Jubilee celebrations, acknowledged that membership ... Read More »

UK business lending sees big drop in June

LONDON: A surge in overdraft repayments by larger companies pushed down sharply the value of outstanding loans to non-financial businesses in June. Bank of England figures published showed a fall of £5.5bn in outstanding lending to non-financial businesses, the biggest drop since the BoE began collecting the data in 2011. This compares with an average monthly increase of £0.2bn over ... Read More »

UK 50 business leaders want government to act swiftly on Heathrow expansion

LONDON: More than 50 business leaders have urged Prime Minister David Cameron to approve the Airports Commission’s recommendation to expand Heathrow and to schedule a parliamentary vote on a third runway by next summer at the latest. In a public letter to ministers, senior executives from sectors including retail, banking, construction, academia and transport have asked the government to back ... Read More »

UK business advisory Group to allow ministers to hear industry’s concerns about economic policy

LONDON: The Business Advisory Group will allow ministers to hear industry’s concerns about economic policy and issues including David Cameron’s renegotiation of the UK’s links with Europe ahead of the in/out referendum. The group will meet on a quarterly basis from this autumn and includes leaders from a wide range of industries from manufacturing to retail. Asda boss Andy Clarke ... Read More »

Belgium business confidence deteriorated in July after rising for five straight months

BRUSSELS: Belgium business confidence deteriorated in July after rising for five straight months, signaling stabilization due to divergent trends among the branches of activity surveyed. The business confidence index dropped to -4.1 from -3.9 in June, which was the highest in nearly four years. The score was in line with economists’ expectations. The confidence indicator for the manufacturing sector eased ... Read More »

Vodafone results show its Irish business steadying

DUBLIN: The global telecoms group said service revenue was flat here in the three months to the end of June, compared to a 6.4pc decline in the previous quarter. It also said overall subscriber numbers remained steady, with a decline in prepay customers offset by a gain in more lucrative contract subscribers. It lost 16,000 prepay customers in the last ... Read More »

HSE defends not awarding €1m contract to Irish small business

DUBLIN: HSE says that the awarding of a national contract for the provision of blinds, curtains and furniture represents a saving for the taxpayer, but small businesses say they’re losing out. The executive had previously awarded the contracts on a smaller basis, working generally with local businesses. However, that process changed recently and the national contract was awarded to a ... Read More »

UK businesses report increases trade credit concerns

LONDON: UK businesses are increasingly worried about their trading environment – with 22% of businesses saying their trade credit risk had increased over the past six months, QBE research has found. The QBE survey, to which 377 UK businesses responded, revealed businesses are also concerned at the heightened levels of market risk. Read More »

Jordanian’s business major concern access to finance

AMMAN: Access to finance poses the main constraint for Jordanian firms, according to a recently released survey prepared by the European Bank for Reconstruction and Development (EBRD). The survey, which covered the period between May 2013 and April 2014, involved the four countries where the bank works in the southern and eastern Mediterranean (SEMED) region: Jordan, Egypt, Morocco and Tunisia. ... Read More »

China business confidence sinks to six-year low to 48.8 in July

BEIJING: Business confidence on the mainland has slumped to its lowest level in more than six years, an indication of the toll the recent stock market rout has taken on the world’s second-biggest economy despite better-than-expected economic growth. The MNI China Business Sentiment gauge of current business conditions sank to 48.8 this month from 53.3 in June, MNI Indicators, which ... Read More »

Genworth to sell lifestyle insurance business to France’s AXA

PARIS: French insurer AXA (CS.FR) to sell its lifestyle protection insurance business for about $510 million. Genworth expects an after-tax loss of about $310 million in the second quarter of 2015 related to the expected sale and pension settlement costs, the U.S. company said. Lifestyle protection insurance helps policyholders cover debt obligations after severe events such as accidents, illness or ... Read More »

Xerium commissions new business start-up in Turkey

ANKARA: Xerium Technologies, Inc., a leading global provider of industrial consumable products and services, has commissioned its new business in Turkey. This new regional hub will serve customers in Turkey, Southeast Europe, and the Middle East including: The business will be headquartered in Istanbul, Turkey and will be led by Mr. Ahmet Gureli. Mr. Gureli is the new General Manager ... Read More »