Archive for February, 2010

Retailers show lower sales post-Christmas

Retail sales suffered in the period after Christmas, with sales being 1.8% lower in the period between December and January. This is one of the biggest drops in the past year and a half.
It is thought that the sharp decline was due to the severe winter weather and snow that caused national disruptions throughout the [...]

Managers resign during difficult recession

Last year saw a greater number of resignations by company managers than in the same period a year before. In the 12 months leading up to January 2010 a survey by The Chartered Management Institute (CMI) discovered that 225,600 (4.7%) quit their jobs, compared to 4.5% in the 12 months prior to this.
This comes despite [...]

BA strike back on

After it was cancelled at the last minute due to being illegally voted upon, the previous BA strike had little impact. The strike was originally set to take place during the Christmas break of 2009. However, BA bosses have once again got their hands full as the cabin crew have once again vote for a [...]

UK employment continues to worsen

The United Kingdom officially left behind recession status at the end of 2009 after finally managing to gain some positive growth (0.1%). Despite this turn for the better though, employment levels are still rising with a third of public sectors planning to cut jobs in the short term.
It is thought that of all the public [...]

BA reports loss - still plans cuts up to 1,200 jobs

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 [...]