‘Asians get least returns from work pension plans’

By Nadeem Badshah BRITISH Asians received the lowest income from work pensions compared to other groups, according to new government figures. Asians were also the least likely of all ethnicities to get an income from their occupational pension, leading to calls for more awareness to be raised about saving for the future. White Britons who […]

Boohoo profit up 51 per cent in first half; expects 32 per cent revenue-growth in 2020-21

ONLINE FASHION retailer Boohoo reported a 51 per cent increase in first half profit despite the Leicester supplier scandal. The company on Wednesday(30) said it expects revenue for 2020-21 to grow by 28 to 32 per cent, up from 25 per cent projected earlier. The group made a pretax profit of £68.1 million ($87.4 million) […]

Tata Steel joins ResponsibleSteel to further strengthen its sustainability efforts

TATA STEEL has joined global steel-making standards organisation ResponsibleSteel as part of its commitment to reduce greenhouse gas emissions as well as creating jobs and protecting communities. The company in a statement said that all its operations in 26 countries have signed up for the global scheme for sustainability. “We have always emphasised our commitment […]

MoneyGram partners with Tesco Bank to launch new online money transfer platform

GLOBAL money transfer firm MoneyGram International has partnered with Tesco Bank to launch a new international online money transfer platform. Launched on Wednesday (23), the new service allows customers of both the firms to set up their transactions online and then pay by cash or card at Tesco stores. With no paperwork in-store and reduced […]

Top 350 companies in the UK script history by inducting more women on boards

FOR the first time women make up more than a third of all board members in top 350 companies in the UK. New data shows that there has been a considerable increase in representation of women on the boards of the FTSE 350 companies. However, 41 per cent of FTSE 350 companies have not reached […]

British roads to fully embrace e-vehicles in a decade as ‘green car’ sales soar

By Pramod Thomas INDICATING a clear shift towards green-mobility, the sales of eco-friendly cars have jumped above conventional diesel cars in the UK for the first time. According to official figures, 33,000 pure electric and hybrid cars were registered between April and June period in the country, compared with 29,900 diesel models. The new figures […]

Around 300 landlords to decide the ‘fate’ of fashion retail chain New Look

UK fashion retail chain New Look, founded by Indian-origin entrepreneur Tom Singh, now depends on around 300 landlords to save its 496 branches and more than 11,000 staff. On Tuesday (15), the landlords will vote on a controversial so-called company voluntary arrangement (CVA) – the firm’s second in two years – to allow it to […]

Tesco to trial drone deliveries next month

TESCO, Britain’s biggest retailer, has said that it would next month trial grocery home deliveries with drones as it experiments with different ways to reach more customers. Chief Executive Dave Lewis said the pilot would take place in Ireland, where partner Manna already has a license to operate. Food retailers across the globe have rapidly […]

Has working from home killed off the office?

  By Amit Roy IF BRITONS continue to insist on working from home after lock­down restrictions have been lift­ed, they will soon discover their jobs could be outsourced to somewhere like Hyderabad in In­dia, those attending last week’s Financial Times Weekend Festi­val were told. This year, the three-day annual festival, which brings together an eclectic […]

UK under fire as Brexit trade talks resume with EU

UK and EU negotiators on Tuesday(8) resumed Brexit talks, after warnings last-minute changes to domestic legislation risked derailing the process, threatened peace in Northern Ireland and even a showcase UK-US trade deal. Prime minister Boris Johnson has angered EU officials by insisting there was now an “unforeseen” risk that Northern Ireland would be cut off […]