By Sophia in Economy on February 5 2010
British Airways has reported a pre-tax loss of £50 million during the third financial quarter of 2009/10 according to BBC news. The loss recorded by BA from October 2009 to December 2009 was actually lower than expected.
Despite announcing that the company beat analysts expectation of up to £151m in losses, British Airways has said it will still be cutting 1,200 jobs as they announced back in November 2009. This is due to the business making a loss of £342 million in the first three quarters of 2009, up from a loss of £80 million in the same period a year earlier.
By Susan in Uncategorized on January 31 2010
Online retail website, Amazon, has posted profits for the fourth quarter of 2009, which were up by as much as 71% during the Christmas period.
Amazon is thought to have achieved the high profits after offering an enhanced free delivery service over the holidays, as well as actively competing in a wide array of different retail sectors.
The worldwide online retailer’s profits rose from $225 million in the fourth quarter of 2008 to $384 million in the same period of last year (2009).
Amazon has stated that they expect to continue their positive trend throughout 2010 after they gained market share over their closest competitors.
By Sophia in Uncategorized on January 29 2010
Toyota has stated it will be recalling as many as 1.8 million Toyota cars after a recurring issue with the accelerator pedal in a number of the models.
Amongst the cars being recalled are the popular Toyota Yaris and Corolla models, which may all potentially be affected by the pedal problem. Models dating back to as far as 2005 may have problems with their acceleration pedal.
Tadashi Arashima, the chief executive of Toyota Motor Europe said, “We understand that the current situation is creating concerns and we deeply regret it”.
The Toyota Lexus model is not susceptible to the issue with the pedal according to a spokesperson from Toyota.
By Matthew in Economy on January 27 2010
Well, it’s finally official; the UK has left behind recession status, but barely scrapes a positive economy growth to do so. The UK economy managed a measly 0.1% growth in the last quarter of 2009, which was lower than what many analysts were predicting.
Despite the somewhat meagre increase, it was a positive positive change nonetheless, so it means that technically the UK economy is on the way to recovery. Although the terminology is an improvement, the Chancellor of the Exchequer, Alistair Darling warned that he would ‘remain cautious’.
He also added: “Let’s be clear - this is about as weak growth as you can get.”
By Susan in Uncategorized on January 19 2010
Cadbury has approved a takeover bid by the Kraft, in a deal which a spokesperson from the US food giant claims will form a “global confectionery leader”.
Cadbury, based in Birmingham, United Kingdom, has been in talks over a possible takeover for a few months now and the board finally agreed to the Kraft offer. The board at Cadbury is recommending to the shareholders that they accept Kraft’s deal that gives 840 pence per share. This gives Cadbury a total value of £11.5 billion.
Despite the positive outlook in the takeover bid, unions showed concern as the deal made no mention of job security and even suggested cost cutting measures were likely to take place.
By Sophia in Economy on January 11 2010
The Bank of England (BoE) has left the United Kingdom’s interest rates at half a percent for the tenth month in a row.
Following the latest Bank of England meeting, a decision was made to keep interest rates in the UK at half a percent, a record low that has been held since March 2009.
The rates are being held at their current level until the BoE’s Monetary Policy Committee (MPC) can determine the outcome of the next inflation report, which is due in February. It is expected that the UK came out of the recession in the end of 2009, but until the results of the report are revealed, the MPC doesn’t want to take any chances.
By Sophia in Business advice on September 25 2009
Here are a few more tips to help you to manage your time effectively at work.
Make sure you set deadlines for your work – if they have not been set to begin with. This gives you something to aim for and allows you to make the work time-specific.
If you make and receive many telephone calls during your work day, it is worth writing the main points down straight after the call. Then, if the phone starts to ring again, you don’t forget the main actions that resulted from the call.
You can simplify major projects by breaking them down into manageable sections. Once you have sorted the tasks in order you can develop a timeline to complete each section of work.
By Susan in Business advice on September 19 2009
It is easy to get caught up in so many distractions when working in an office. Here are a few pointers to help you to manage your time more effectively when working in the office and at a computer.
- To save time searching around for non-existent pens, invest in a few decent ones and stock up your drawer.
- Make sure you take regular breaks from your computer during the working day. You will find you feel more energised on your return. Make sure you leave your desk at lunchtimes especially.
- Make sure you do not get distracted by incoming emails. Check your emails at specific times rather than at regular intervals every few minutes. Prioritise the emails according to importance and urgency.
By Matthew in Business advice on September 13 2009
In the past two articles, we have looked at how an SME may be able to save money when using flight travel for business purposes. Here are the final few tips that we have to offer the discerning business traveller.
Make sure you have got all your travel leads and travel equipment ready for travel, so you are well prepared for the journey.
Sign up for rental car programmes and make use of membership offers to cut the wait time and make sure you get your car faster.
Check the reviews on travel booking websites and get updates and tips from fellow travellers. Any advice on times, terminals, baggage claims and gates you can gain to make sure your travel goes as smoothly as possible, can only be a good thing.
If you follow some of these tips, you can stay online while at the airport and make sure you don’t waste any time when there is important work to be done.
By Susan in Business advice on September 6 2009
Flights seem to be even scarcer these days and are increasing in price, leaving fewer travel deals for business travellers. This reality is why many small business owners are choosing web and video conferencing technologies as an alternative to these travel issues.
However, travel is still an important way to conduct business for growing businesses which are constantly on the lookout to cut costs and expand their business further. Here are a few more tips to help you with business travel.
You should always check in online. Nearly all airlines now offer this time-saving facility. You can speed right to security and make sure you don’t waste valuable time.
Register for flight membership programmes on all airlines you use. As well as upgrades and airmiles, you can also find out about other offers and make use of the carrier’s flight information services as well.
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