Birmingham news and blogs Thursday 24 March 2016
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Business
The Budget 2016: Crackdown on Google tax avoidance through restrictions on offsetting losses 

16 Mar 16

While chancellor George Osborne has continuously unveiled plans to find extra billions through crackdowns on tax avoidance, he is now ending several loopholes, including restrictions on offsetting losses against tax from 2019 onwards.


Business
Aston Martin to create 4,000 British jobs with new manufacturing centre in Wales 

24 Feb 16

Luxury vehicle maker Aston Martin has committed to the opening of a manufacturing centre in Wales, while it will also scale the existing HQ in Warwickshire all of which is set to create up to 4,000 jobs.


Business
Former FSA chairman Adair Turner warns UK faces chance of indefinite low rates 

11 Feb 16

According to Adair Turner, who used to be the chairman of the Financial Services Authority (FSA), the UK faces almost indefinite low interest rates if radical action isn’t taken.


Business
Tesco "intentionally" breached code to protect suppliers for own sake 

26 Jan 16

Tesco has, according to the Groceries Code Adjudicator, breached its code by prioritising its own finances over the fair treatment of its suppliers.


Business
Global VC funding in free fall – but not in UK, where firms raised £1.3bn in Q4 2015 

22 Jan 16

Venture capital funding fell significantly by 30 per cent worldwide in Q4 2015, according to KPMG Enterprise and CB Insights, but British businesses defied the odds to raise $1.3bn across 113 deals during the period.


Business
More young Brits choosing apprenticeships to bolster career choices 

21 Jan 16

With the government committed to support 3m apprenticeships over the next five years, the fact that more school leavers are opting to start one serves as good news.


Business
Nestlé fails to register trademark shape of Kit Kat bar in Britain 

20 Jan 16

The Court of Justice of the European Union (CJEU) has delivered its judgement in the latest instalment of what has become known as the chocolate wars between Nestl and Cadbury over intellectual property rights.


Business
Nestlé fails to register trademark shape of KitKat bar in Britain 

20 Jan 16

The Court of Justice of the European Union (CJEU) has delivered its judgement in the latest instalment of what has become known as the chocolate wars between Nestl and Cadbury over intellectual property rights.


Business
Government’s target of 3m apprenticeships by 2020 gains momentum with Delivery Board 

18 Jan 16

Members of the Apprenticeship Delivery Board (ADB), tasked with advising the government on how it can hit its target of 3m by 2020, have finally been unveiled.


Business
First Women Awards 2016: This could be your year 

11 Jan 16

The First Women Awards, hosted by Real Business and supported by the CBI, are in their 12th year and we need your help to champion the trailblazing female leaders of Britain’s business, entrepreneurial, engineering, science and technology…


Business
Bosses in Sheffield, Nottingham, Birmingham and Scotland to be most affected by NLW 

6 Jan 16

According to a recent study by the Resolution Foundation, implementing the National Living Wage (NLW) will prove a greater challenge in lower-paying areas including Scotland.


Business
HMRC’s Lin Homer being awarded damehood in New Year honours has been met with much criticism 

4 Jan 16

The number of civil servants being recommended for New Year’s honours has almost doubled over the past two years, with several members of the financial sector fitting the bill.


Business
Eric Schmidt claims UK is ecommerce world leader – and gives tips on how to be a success 

31 Dec 15

According to the executive chairman of Googles parents company Alphabet, Eric Schmidt, the UK is the world leader in terms of ecommerce.


Business
Debenhams’ retail tech provider secures £2m from Octopus to fight modern slavery 

21 Dec 15

Segura Systems, the retail technology provider of Debenhams, has received a 2m Series A investment from VC firm Octopus Ventures to fight modern slavery and encourage ethical supply chains.


Business
CBI pushes for a Low Pay Commission-style body to promote British exporting 

16 Dec 15

With the government committed to doubling exports to 1tn by 2020, the CBI is calling for an independent, national exports commission to be established.


Business
The importance of the CFO and what CEOs expect from them in the future 

7 Dec 15

Increasingly, the CFO needs to be seen as a leader within the entire organisation.


Business
A very unhappy hour for JD Wetherspoon after data breach 

4 Dec 15

Despite uncovering a six month-old data breach, in which the details of 650,000 customers were compromised, the share price of pub chain JD Wetherspoon rose in day trading.


Business
George Osborne fuels Jaguar Land Rover with £16.6m fund to create 200 Midlands jobs 

1 Dec 15

During a visit to Jaguar Land Rover’s Midlands engine plant, George Osborne revealed a 16.6m fund for the automotive company to lead a research and development effort that can lead to 200 local manufacturing jobs.


Business
CBI champions Britain’s growing mid-sized firms and £59bn economic contribution 

30 Nov 15

The CBI’s director-general Carolyn Fairbairn has called the UK’s mid-sized businesses (MSBs) the country’s missing link and praised the sector’s 59bn contribution to the economy.


Business
Autumn Statement 2015: Apprenticeship levy to create £3bn to raise British skills 

25 Nov 15

George Osborne revealed during the Autumn Statement 2015 that he will enforce an apprenticeship levy by April 2017 as part of the Spending Review in order to create three million apprenticeships all of which will be high quality as overseen…


Business
Paying VAT bill one day late saw publisher Trinity Mirror slapped with penalty of £70,000 

24 Nov 15

National newspaper publisher Trinity Mirror has found itself slapped with a 70,000 fine from HM Revenue and Customs (HMRC) after paying its VAT bill one day late.


Business
CBI boss Carolyn Fairbairn: Bin business dinners for more female-friendly events 

23 Nov 15

The chief of business lobby group the CBI has criticised business dinners for not being very inclusive for women.


Business
Debenhams CEO Michael Sharp quits amid increasing profits 

22 Oct 15

CEO of Debenhams Michael Sharp, who has been under fire following a string of poor results and profit warnings, has announced his departure from the company just as profits start to rise once more.


Business
It’s foolhardy to say next Facebook will come from UK, says Eileen Burbidge 

21 Oct 15

During a sharing economy conference, Tech City chair Eileen Burbidge delivered a keynote and said it’s foolhardy to simply say the next Facebook or Google will come from the UK, explaining that Britain has all of the ingredients for more…


Business
Legal action against City Link marks new approach to former directors of bankrupt companies 

15 Oct 15

Three former directors of City Link have been charged with criminal offences in relation to the collapse of the company last Christmas which led to the loss of 3,000 jobs.


Business
Tesco Brand Guarantee scheme to immediately match rivals’ prices at tills 

12 Oct 15

UK’s largest supermarket Tesco has launched a new brand guarantee programme to match the price of its rivals, calling out Sainsbury’s, Asda and Morrisons as it plans to reduce customers’ bills at tills if products can be found…


Business
Tesco to pay SME suppliers faster than larger firms 

6 Oct 15

In an attempt to innovate for customers, Tesco has revised its trading terms to ensure SME suppliers are supported with simplified payment procedures, which will result in accounts being settled more quickly than those belonging to larger …


Business
Filing for bankruptcy will give American Apparel bosses some breathing space 

6 Oct 15

American Apparel, which has been crippled by a fall in sales and a drawn-out legal battle with founder Dov Charney, has filed for chapter 11 bankruptcy protection.


Business
Tech dominates as Lego and PayPal feature in 100 most valuable brands 

5 Oct 15

Apple and Google placed first and second in Interbrands annual 100 Best Global Brands report for the third consecutive after growing by 43 per cent and 12 per cent respectively.


Business
Financial firms under pressure from China crisis and interest rate uncertainty 

25 Sep 15

Banks are less optimistic about growth prospects as global volatility gets worse.


Business
Michelle Mone hits back at critics of subsidised chauffeured Jaguar 

24 Sep 15

Having been appointed as prime minister David Camerons latest tsar, charged with promoting entrepreneurship in deprived areas, lingerie tycoon Michelle Mone has been forced to defend herself after a tweet indicated she was being transported…


Business
Right to be forgotten battle between Google and CNIL continues – with a fine on the horizon 

21 Sep 15

Frances privacy watchdog has rejected Googles attempt to reverse a ruling that the right to be forgotten should be applied across the world rather than just in Europe.


Business
"World’s most expensive perfume" snapped up by Stagecoach founders and Jon Moulton 

21 Sep 15

The founders of Stagecoach, and one of the City’s most prominent financiers, struck a multimillion pound deal to take control of luxury fragrance brand Clive Christian.


Business
Sainsbury’s serves up new innovation drive to cut waste 

21 Sep 15

Major high street supermarket Sainsbury’s is hoping new technology can help the nation use food better.


Business
Bank of England economist says next interest rate move may be down and not up 

18 Sep 15

Everyone expects a hike in interest rates sometime next year, but global economic and inflation worries may see then fall instead.


Business
Poundland gets the go-ahead to snap up rival 99p stores for £55m 

18 Sep 15

Months after announcing the deal, Poundland has won watchdog approval to buy 99p Stores.


Business
CBI identifies £16.3bn savings ahead of Comprehensive Spending Review 

17 Sep 15

More than 16bn worth of savings over the next five years have been identified by the CBI ahead of the government’s Comprehensive Spending Review.


Business
Ryanair annual profit guidance soars 25 per cent amid passenger and fare growth 

10 Sep 15

Despite a wet summer, budget airline Ryanair experienced hot sales over the season and the firm has now revised its full-year profit guidance with an increase of 25 per cent, which it puts down to its customer service programme.


Business
Whitbread CEO Andy Harrison plans to raise prices at Costa Coffee to pay for living wage 

8 Sep 15

Andy Harrison, CEO of Whitbread, has said there will be selective price increases at Costa Coffee to deal with the extra 15m to 20m he expects the living wage to cost the business.


Business
The Far East movement: Tesco sells Korean arm for £4.2bn, while Unilever scales in Asia 

7 Sep 15

As Tesco plans to resolve its financial crisis, the firm has agreed to sell its Korea-based Homeplus division, which is in contrast with supplier Unilever’s plans to expand its marketing efforts across the continent.


Business
Retreat of the makers – Manufacturers hit by "rollercoaster of risks" 

7 Sep 15

Manufacturers’ organisation the EEF has slashed forecasts after firms were hit by global economic woes.


Business
Shoppers shun big brands to save the pennies 

3 Sep 15

Canny consumers are being less loyal to big brands as they look around for deals, with unbranded products from retailers such as Aldi and Lidl proving increasingly popular.


Business
What Google is trying to tell you about the company through its new logo 

2 Sep 15

In Google's biggest logo redesign since 1999, the company has done away with serifs in a bid to appear simple, uncluttered, colourful and friendly.


Business
Poundland goes beyond tangible stores with online shopping and delivery service 

2 Sep 15

Discount retailer Poundland has extended its business beyond the world of physical stores to introduce a new online platform that will allow the UK's shoppers to order more than 2,000 items for delivery which will cost them 4.


Business
Britain is India's largest G20 investor and employer 

1 Sep 15

The CBI claimed the UK has remained India's largest G20 investor between 2000 and 2015, despite foreign direct investment (FDI) falling behind countries such as the US, Japan and the Netherlands.


Business
Booming confidence in UK service sector at highest point in 14 years 

28 Aug 15

The latest quarterly CBI service sector survey showed the services sector is bouncing back after a weak start in 2015.


Business
Sainsbury's awards store colleagues “highest pay increase in over a decade” 

27 Aug 15

Sainsbury's will award 137,000 team members nationwide a four per cent pay rise on 30 August, marking the highest pay increase for store colleagues the company has awarded in over a decade.


Business
On the hunt for the powerhouses fueling the nation's economy 

27 Aug 15

The Real Business Growing Business Awards, supported by the CBI and held in association with Lloyds Bank, highlights some of the countrys most exciting, innovative and scaleable business models and were currently on the hunt for candidates…


Business
Retailers hiring more workers due to rising sales and rising confidince in economy 

26 Aug 15

According to the latest CBI Quarterly Distributive Trades Survey, 36 per cent of retailers said sales volumes had increased in the year to August ,with only 15 per cent experiencing a dip.


Business
Retailers hiring more workers due to rising sales and rising confidence in economy 

26 Aug 15

According to the latest CBI Quarterly Distributive Trades Survey, 36 per cent of retailers said sales volumes had increased in the year to August ,with only 15 per cent experiencing a dip.


Business
CBI raises GDP due to increase in household spending and business investment 

24 Aug 15

The CBI has hailed a faster twin-engined UK economic recovery, driven by mounting household spending and more robust business investment.


Business
David Cameron asks for input from businesses on new apprenticeship levey 

21 Aug 15

The government have unveiled a number of new developments in the apprenticeship space including a study on the recently-announced levy, changes to public procurement, industry standards and the 5% Club.


Business
David Cameron asks for input from businesses on new apprenticeship levy 

21 Aug 15

The government have unveiled a number of new developments in the apprenticeship space including a study on the recently-announced levy, changes to public procurement, industry standards and the 5% Club.


Business
Army of digital apprentices saluted as “key weapon in battle for faster business growth” 

13 Aug 15

Businesses across the UK require 134,000 new tech specialists annually, and digital apprenticeships have been hailed as the key weapon to unlock rapid business growth in all industries.


Business
Greggs tops the pile of best eateries to work for as industry battles to up job satisfaction 

7 Aug 15

Having witnessed a near three-fold increase in its share price during the last year, high street bakery chain has secured top spot on the Glassdoor top ten pubs and eateries to work for in the UK alongside Pizza Hut.


Business
KPMG backs alternative finance and fintech to deliver small business growth 

3 Aug 15

Professional services firm KPMG has forged a strategic partnership with peer-to-peer (P2P) business lender MarketInvoice, believing that alternative finance will help small businesses accelerate growth.


Business
MasterCard dishes out £39m to settle credit card fees lawsuit by Tesco 

31 Jul 15

Tesco has received 39m from MasterCard in the first of an expected wave of settlements over interchange fee lawsuits filed by UK retailers.


Business
British investment has biggest international impact on US economy, says CBI 

31 Jul 15

The CBIs annual Sterling Assets report, which was launched on president Barack Obamas 54th birthday, affirmed that the UK was America's largest foreign investor.


Business
Girls should want to own a football club, not marry a player, declares Karren Brady 

30 Jul 15

Some 22 years after being commended by a member of the media for her lack of penis but great big balls after masterminding the takeover of Birmingham Football Club, Karren Brady believes that the industry has changed for the better.


Business
The UK takes the lead when it comes to VC activity in Europe 

27 Jul 15

VC-backed companies raised more than $32bn (20.55bn) during the second quarter of 2015, a Venture Pulse Q2 15 report from KPMG International and CB Insights has revealed.