Future of Work

sports-direct

SPORTS DIRECT ANNOUNCES INDEPENDENT REVIEW OF ITS WORKING PRACTICES

Sports Direct is to undertake an independent review of working practices and corporate governance, following concerns raised by shareholders. The so-called “360 degree” review was initially to be led by the retailer’s law firm RPC. However, the Mike Ashley-owned firm said on Tuesday that following discussions with shareholders, including the influential Investor Forum, the review […]

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Britain is “too lazy and too fat” according to International Trade Secretary

Britain is “too lazy and too fat” with businessmen preferring “golf on a Friday afternoon” to trying to boost the country’s prosperity, Liam Fox has said. The international trade secretary’s remarks, at a Conservative Way Forward event, were recorded by the Times. Downing Street said he was clearly expressing private views. Richard Reed, Innocent Drinks co-founder, […]

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Sports Direct shareholder holds ‘trust’ talks with troubled retailer

An influential shareholder group has said that it held “constructive” talks with the board of Sports Direct following the retailer’s annual general meeting and open day on Wednesday. The Investor Forum, consisting of investors holding assets worth more than £14 trillion, said discussions centred on how “trust can be re-built in the company and board”. […]

House of Commons

New PM Theresa May to deliver crackdown on fat cats and tax dodgers

Theresa May will set out plans aimed at cracking down on City fat cats and tax dodgers as part of a drive to improve corporate responsibility. Mrs May stressed that firms had a duty to pay taxes in order to fund the infrastructure and services they use. She said that proposals examining the “whole issue […]

Productivity

Most UK businesses are clueless about the productivity problem survey reveals

Only eight per cent of companies regularly monitor their productivity levels, while factors such as absenteeism and cost of staff turnover are frequently overlooked The majority of UK businesses fail to effectively monitor productivity, according to a new survey. The study, from HR software and employment law advice company, BrightHR, reveals only eight per cent […]

Ageing workforce

TOP INVESTOR SCRAPS BONUSES SAYING THEY DO LITTLE TO IMPROVE PERFORMANCE

One of the UK’s most respected investors has scrapped bonuses at his firm, arguing that they are “largely ineffective” in boosting performance. The move at Neil Woodford’s fund management business runs counter to conventional wisdom in the City that bonuses are needed to motivate staff. His firm’s 35 staff will get a rise in basic […]