Tuesday, 22 December 2009

Redundant employees complain about consultation

Link to the article: Channel 4 News

By Channel 4 News

As redundancies rise, Channel 4 News has discovered the number of employment tribunals citing a lack of consultation has grown.

Employers have a legal obligation to consult with their employees before making them redundant but administrators insist the law backs business that need to take swift action without consulting staff.

We have spoken to former employees at the Nortel telecommunications company, who were made redundant earlier this year.

They claim joint administrators from Ernst & Young ignored the law on consultation.

Nortel went into administration in January and two months later, more than 200 staff in Belfast and Maidenhead were told they were being made redundant without a consultation period.

In response, the administrators say they acted lawfully. They said they acted "in accordance with their duties in a way that is entirely usual when a company is in administration".

The law requires businesses to consult with the affected employees, then avoid, reduce and mitigate the impact of redundancies.

Ernst & Young insist they did not have time to consult with the employees because Nortel was facing serious financial difficulties.

In a statement, they wrote: "No consultation took place as it was not reasonably practicable to do so; employment legislation recognises that there are situations in which swift action needs to be taken."

Employers can claim an exemption from consulting with their employees in situations that are sudden or unexpected.

Maidenhead MP Theresa May, the shadow secretary of state for work and pensions, attended a meeting with Ernst & Young along some of the redundant employees.

She said: "What was of most conern in our discussion with Ernst & Young was a clear indication that they would be very happy to use this strategy again in the future.

"They showed no remorse about having used this approach and I feel the employees have been treated extremely badly."

The Tribunals Service has shown that wider complaints about employers failing to consult have risen 250 per cent from 4,480 in 2007/8 to 11,371 this year.


Tuesday, 15 December 2009

The strange world of product testing

Link to the article: BBC Working Lunch

When you buy a product, how do you know it is safe? What do the CE and other official safety marks actually mean?

Working Lunch reporter Ben Shore visited a product testing centre in Milton Keynes to see how goods like lawn-mowers, rucksacks and buggies are put through their paces.

Tuesday, 8 December 2009

Inside a British watch-making firm

Link to the article: BBC Working Lunch

Accurist is a classic British brand that has been making watches, under the stewardship of the Loftus family, since 1946.

Working Lunch presenter Naga Munchetty met the current boss, Andrew Loftus, to find out what keeps the business ticking.

Thursday, 3 December 2009

Creating brands: how data can help the creative process

Link to the podcast: FT

Case study 2: Daymon Worldwide, the world's largest private label food sales and marketing agency. Stephen Pritchard spoke to Abhi Beniwal, Daymon's senior director of information technology.

Monday, 30 November 2009

UK news group starts charging for content

Link to the article: Channel 4 News

By Channel 4 News

Every newspaper in the country will be watching Johnston Press after it decided to start charging for online news, Professor Tim Luckhurst tells Samira Ahmed.

Johnston Press is charging its readers £5 for three months' access to three of its publications, while another three titles will direct readers back to pay for the full article after a summary of each story.

Professor Tim Luckhurst, a former editor of the Scotsman and now a journalism lecturer, joined Samira Ahmed.

Mr Luckhurst said: "Every other newspaper company in Britain will be watching what Johnston Press are doing carefully because enabling newspapers to make money from online journalism is crucial to the future of journalism.

"As to whether or not it will succeed, well, what we have to understand is that this is a complete change of paradigm.

"What Johnston Press have realised is that it doesn't matter if a million people read your newspaper and pay nothing - you'd actually be better off if a thousand people read it and paid something."


Friday, 27 November 2009

Dubai debt fears spark stock market tumble

Link to the article: Channel 4 News

By Channel 4 News

Shares tumble amid fears that Dubai could push the world back into recession after the Gulf state delays payment on billions of dollars of debt.

The crisis flared yesterday after Dubai's government-owned investment company asked for a sixth-month delay on repaying debt.

Dubai World, which has debts of nearly $60bn, asked creditors if it can postpone its payments until at least next May.

"It's absolute paranoia. This is the last thing the market needed in the run up to Christmas," said Manus Cranny, head of sales at MF Global.

"It's not just the Dubai debt; investors are wondering what other black holes there are and what the ramifications are for global companies."

Saturday, 21 November 2009

Blogpaper launches its first free newspaper

Link to the article: Channel 4 News

By Channel 4 News

A freesheet combined of articles that first appeared in the blogosphere hits the press for the first time.

On paper one of the defining characteristics of a blog would seem to be that it is not on paper.

But in this rapidly changing media world, even that appears to be changing.

A new freesheet that consists entirely of blogs pulled off the web by popular demand - without the help of an editor - has now launched.

Unlike the national newspapers the Blogpaper has no editor and no team of journalists; instead all of the articles and photos have been submitted by bloggers to a website and the users vote for the content they would most like to appear in print - a process known as crowd sourcing.

Thursday, 19 November 2009

Google launch Chrome operating system

Link to the article: Channel 4 News

At the Googleplex in California, Google executives unveil Google Chrome OS, their operating system that could challenge the dominance of Microsoft Windows.

After years of rumours have finally turned into reality. Google will be launching their own PC-based operating system and truly take on Microsoft.

The system will be offered free with most applications running via the web using the so called "Cloud", processing and data storage occur outside of the computer giving a better experience to lower powered computers.


Wednesday, 18 November 2009

Sweet news for Cadbury shareholders

Link to the article: Channel 4 News

By Channel 4 News

Shares in chocolate giant Cadbury have risen following reports of a joint takeover bid from Hershey and Ferrero. Samira Ahmed spoke to city analyst David Buik.

The move could thwart a 9.8 billion hostile bid by American food giant KraftFoods to take over the firm. Last week, the Dairy Milk manufacturers rejected the offer.

Ferrero has confirmed it is "in the preliminary stages of evaluating its options in respect of Cadbury". Hershey already has a business relationship with Cadbury, holding a licence to make Dairy Milk bars and Cadbury Creme Eggs in the US.

City analyst David Buik, from BGC Partners, told Channel 4 News: "I think this is just creating a little bit of bid warfare which is amusing everybody. The fact remains that if there were a merger between Ferrero and Hershey the inevitability would be jobs cut.

"The other thing is I don't think that Irene Rosenfeld of Kraft has finished her business. They really need Cadbury in a very big way. The bid of £7.17 was derisive. They will have to come back to somewhere between £8.00 and £8.25."

Cadbury shares have gone up more than 1 per cent following news of the possible deal. The intervention will put pressure on Kraft - also behind Kenco coffee and Dairylea cheese - to improve its offer for the business.

But Britain's most famous chocolate-maker has said the Kraft bid did not come "remotely close" to reflecting the value of the company.

Cadbury began life as a grocer's shop in Birmingham in 1824. Dairy Milk is the UK's top-selling chocolate bar and more than 250 million are sold every year in 33 countries.


Wednesday, 11 November 2009

'Strong sales' boost Sainsbury's

Link to the article: BBC News

Sainsbury's has seen its latest half-year profits rise by one-third, buoyed by an increase in sales.

The supermarket group's pre-tax profit in the six months to 3 October totalled £342m, up 32.6% from £258m a year ago.

Its like-for-like sales excluding fuel, which strips out the impact of new store openings, rose 5.7%.

It said it was a strong performance given the economic climate, but trading conditions could be even tougher in the second half of the financial year.

Argos launches comparison website

Link to the article: PA News (Channel 4 News)

Source PA News

Catalogue retailer Argos has launched a price comparison website for financial products ranging from insurance to mortgages.

The new service, Argos Compare, will offer price comparisons on products including home, car and travel insurance, mortgages, pensions, credit cards and utilities.

The service compares quotes from more than 65 car insurance and 25 home insurance providers, as well as 30 credit cards, while it will also put users in touch with one of 4,000 mortgage brokers.

Argos Compare will be advertised on the group's main website, which was the most visited website of a high street retailer during 2008.

The group said this meant it would not have to spend money advertising the site, enabling it to plough back some of the fees it receives for referring customers to financial services providers into giving vouchers to people who take out a product through it.

The site is currently offering £30 worth of Argos vouchers to every consumer who takes out car insurance through the service and £15 worth of vouchers to people who purchase home insurance through it.

Greg Ball, managing director of Argos Financial Services, said: "Argos has always been focused on providing choice, convenience and value to our customers, and the launch of Argos Compare is another example of us delivering that."

Tuesday, 10 November 2009

Tourism sector eyes brighter 2010

Link to the article: BBC News

By Will Smale
Business reporter, BBC News

The cold, grey morning in east London was an apt metaphor for the difficulties faced by the global tourism industry in 2009.

With much of the world having been in recession, this year has undoubtedly been a tough time for travel companies around the globe - commercial sunshine has been in short supply.

Put simply, people have been cutting back on taking holidays in the face of the economic uncertainty.

Either due to the direct impact of unemployment, or the wider sense of a need to be more financially cautious, would-be holidaymakers have been much more reluctant to book a vacation - as the latest figures show.

A report published this week to tie in with one of the world's largest gatherings of travel industry leaders - the World Travel Market fair in London - estimates that global travel bookings will fall 8% this year.

Is the iPod generation missing out?

Link to the article & video: BBC News

The emergence of the iPod dock means that people are increasingly listening to MP3 music at home, instead of old-fashioned CDs.

Ipod docks tend to be smaller and more convenient than CD hi-fis, but can they compete in terms of musicality?

Working Lunch reporter Sharif Sakr put it to the test.

Monday, 9 November 2009

Berlin wall: 20 years after the fall

Link to the article: Channel 4 News

By Channel 4 News, More4 News

Communism fell in eastern Europe 20 years ago. But did unification and European expansion come too fast? And has Europe lived up to the promise offered by the Berlin wall's toppling on 9 November 1989?

It was sudden, and with hindsight perhaps inevitable. Communism fell in eastern Europe just twenty years ago - terminating a European division that many feared would stand for all time.

Twenty years since the world changed for ever: 20 years since millions got their first taste of freedom: twenty years since the Berlin wall came tumbling down.

World leaders joined thousands of people at the city's Brandenburg gate to remember the events that finally brought an end to the cold war. Germany's Chancellor Angela Merkel described it as "the fulfilment of a dream".

The celebrations culminated in a massive concert and fireworks display, with 1,000 dominoes toppling along the site where the wall once stood.

Jens Reich, one of East Germany's main opposition leaders in 1989, told Channel 4 News it was a "happy day".

Cadbury rejects Kraft takeover bid

Link to the article: Channel 4 News

By Channel 4 News

The chocolate makers Cadbury have rejected a hostile takeover bid from the US food giant Kraft, dismissing the £9.8bn offer as "derisory".

Kraft's initial approach was rejected two months ago, but today the bid is worth even less thanks to falling share prices.

Cadbury's chairman said it was not "remotely close" to reflecting his company's true value, and appealed to shareholders to stand firm.

At stake is not just British jobs, but Cadbury's new ethical commitment to fair trade.