Business

What wine has to do with our productivity problem

[ad_1] Image copyright PA A bottle of wine being uncorked could be one simple, but perhaps unlikely, answer to Britain's dire productivity problem.Staff at Fifteen Cornwall, a restaurant on that county's northern coast, have been sent on formal wine training.The training helps workers to persuade diners to trade up to a more expensive, and therefore profitable, bottle."We have challenges between ourselves to try to up-sell on our tables, selling more
Business

Savers hit by cut to NS&I returns

[ad_1] Image copyright Getty Images Older savers will be hit by a significant cut to the returns on popular index-linked Savings Certificates from next year.Returns on the National Savings and Investments (NS&I) product are to track a less generous measure of inflation.The announcement, three days before the Budget, will benefit the Treasury by £610m over the next five years.However, it will be a disappointment to 507,000 savers, with an average
Business

US economy grows faster than expected

[ad_1] Image copyright AFP The US economy grew at an annualised rate of 3.5% in the third quarter of the year, official figures have shown.The rate is down from a pace of 4.2% seen in the second quarter, but is better than the 3.3% economists had predicted for the July-to-September period.The US Commerce Department figures showed lower exports weighed on growth in the quarter.However, strong consumer and government spending helped
Business

Superdry founder seeks return to the fold

He argued that the policy of putting brand-new items in its shops more regularly was misdirected. It ought to concentrate on its core coats and hoodies and provide a far broader variety of variations online, he stated: "Superdry is a series of core items - stick to them and modify them." 'The ship requires to turn' The choice to begin marking down coats 2 days prior to Christmas implied there
Business

Court makes ‘£15bn pension ruling’

[ad_1] Image copyright Getty Images A High Court ruling on gender equalisation of pension payouts could have an estimated £15bn effect on major pension schemes.In the case, closely watched by the industry and government, three female members of Lloyds Banking Group's pension scheme challenged the bank.It surrounded the use of Guaranteed Minimum Pensions in the 1990s.Consultants LCP recently estimated that the wider impact of the case could cost major companies
Business

Sir Philip Green businesses face boycott over harassment claims

[ad_1] Media playback is unsupported on your device Media captionClaire Bailey says Topshop sales could be hurt Sir Philip Green's Arcadia retail empire is facing a backlash after it emerged he had used an injunction to stop the media publishing allegations of sexism and harassment against him.The hashtag #pinknotgreen is trending on Twitter, with people calling on consumers to boycott Topshop and other Arcadia brands.Lord Peter Hain named Sir Philip
Business

China ‘creates two billionaires a week’

[ad_1] Image copyright AFP China produced billionaires at the rate of two a week in 2017, says a report by Swiss bank UBS and auditors PwC.The number of billionaires in the country saw a net increase from 318 to 373, with a joint wealth of $1.12 trillion (£874bn), said the survey.The report said China was currently the leading country for entrepreneurs to create wealth.Worldwide, total billionaire wealth rose 19% to
Business

New Jersey ‘Pooperintendent’ Pleads Guilty To Public Defecation

public defecation on a regional high school’ s track and football field. according to The New York Post . The 42-year-old Tramaglini was the superintendent of the his arrest in May for It appears the athletic coaches and other staffers at Holmdel High School, which is not in Tramaglini’ s previous school district, were consistently “ Staffers kept an eye on the field up until they recognized Tramaglini, 42, as