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Financial stress causes one in four to lose concentration at work

Research from Hastee Pay has found that 25% of UK workers have suffered from a lack of concentration at work due to worry over their personal finances showing productivity could be improved if workers had more control over their earned pay. Of 1,000 workers surveyed, 25% say they have suffered from a lack of concentration […]

Ban zero hour contracts that exploit workers says TUC

People on zero-hour contracts are more than twice as likely to work night shifts, and are paid a third less an hour than other workers, the TUC says. After polling 3,287 workers – 300 of them zero-hour staff – it concluded the “exploitative” system should be banned. It says the flexibility such contracts offer are […]

Tougher jail terms planned for bosses who mismanage pension funds

Company bosses could face up to seven years in prison if they mismanage employee pension schemes, says Work and Pensions Secretary Amber Rudd. She wants a new offence of “wilfully or recklessly” mismanaging funds. Plans outlined last year for a maximum sentence of two years in prison were toughened up after public consultation. Ms Rudd […]

New spear phishing attacks targeting senior execs at multiple times

Security researchers have uncovered a spear-phishing campaign that involves hackers sending malicious emails to CEOs, CFOs, CTOs, and SVPs at a large number of organisations, asking them to participate in a Doodle poll to reschedule an upcoming board meeting, with the emails linking to an Office 365 credential theft site. According to researchers at security […]

Liverpool announce world record £106M net profit

In their yearly financial results, the Reds made an annual pre-tax profit of £125m – up from £40m – as turnover increased in the 12 months to May 2018 by £90m to £455m, also a record. Liverpool were boosted financially by a run to the Champions League final last season, which earned an estimated £72m. […]

Sainsbury’s Asda merger faces crunch decision

A key decision that could reshape the UK’s supermarket sector is due shortly, with Sainsbury’s and Asda waiting to hear if their proposed merger can go ahead. Should the deal go through, the combined group would knock Tesco off its perch as the UK’s biggest supermarket chain. But concerns over whether shoppers could face higher […]

Flybe will wind up company if shareholders reject sales

Flybe has warned shareholders it will wind up the company if they do not back a sale to a consortium led by Virgin Atlantic and Stobart Air. The airline said failure to approve a sale would mean investors were unlikely to get anything for their shares. The airline’s board agreed the £2.2m sale to Connect […]

Jaguar Land Rover slips to £3.4bn loss as China demand plummets

Jaguar Land Rover booked a loss for the last three months of 2018 as sales collapsed in China. The company booked a £3.1bn reduction in the value of its plants and other investments leading to a £3.4bn quarterly loss, its biggest to date. Carmakers are being hit by stronger regulations and demand for cleaner models. […]

Troubled Thomas Cook considers sale of its airline

Thomas Cook has said it is conducting a “strategic review” of its airline as it seeks to find funds to invest more in its hotels business. The travel firm stressed the review was at an early stage, but would consider “all options” including a sale. The company’s fleet of 103 jets is a mix of […]

Brighthouse to shut 30 shops and cut 350 jobs

Brighthouse is shutting 30 of its shops at a cost of 350 jobs amid tough conditions on the High Street and a clampdown on rent-to-own retailers. The company is closing about 10% of its estate which will take place over the next two months. Brighthouse, which employs about 3,000 people, said it had informed staff. […]