Heinz warns of up to 250 job cuts in Britain and Ireland. The proposed 'streamlined structure' aims to prepare Heinz for accelerated growth - at the cost of up to 248 office posts. Is this a classic case of delayering to a more simple organisational structure?
Friday, 23 August 2013
The Indian economy is facing one of its worst crises in a decade and while that is worrying the political and economic fraternity, what is worrying ordinary Indians is the price of onions. People in India eat their way through 15 million tonnes of onions a year and in the last month the price has gone up nearly five-fold and is stinging everyone in India. The reason for this is a classic case of supply and demand. Find out more by checking out the article below.
Tuesday, 20 August 2013
Tesco is giving shoppers a taste of the future with its brand new look superstore which opened up in Watford last week. Tesco describe it as "the very latest in retail innovation". The store brings together under one roof some of the businesses and brands that Tesco have been adding to their portfolio. Check it out by following the link below.
Sunday, 11 August 2013
Coca-cola are introducing a sustainability campaign to aim to encourage people to re-use their plastic bottles in a creative way. As people are becoming more savvy about recycling this is clever timing from Coca-cola to latch onto this and show that they also care about the planet despite being a huge multinational company. Do you think it will have any effect?
Nestle are bringing back the Wonka chocolate range with new bars developed for the UK market. Two variants will be first introduced with Nestle focusing on something "exciting, genuinely new & different". This will be backed with a marketing campaign costing £3.6 million. Is there room in the market for a new chocolate bar?
Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures. Hourly wages have fallen 5.5% since mid-2010, adjusted for inflation, which is the fourth-worst decline in the 27-nation bloc. By contrast, German hourly wages rose by 2.7% over the same period. Where does this leave the UK Economy?
Wednesday, 7 August 2013
Bank of England governor Mark Carney has said the Bank will not consider raising interest rates until the jobless rate has fallen to 7% or below. This would require the creation of 750,000 jobs and take up to three years. Follow the link to see how optimistic Carney was about the UK Economy.
Monday, 5 August 2013
Scientists from a university in The Netherlands have created the first ever burger made from entirely from meat grown in a lab - a bargain at £250,000. It is part in answer to the worlds unsustainable farming practices which is a classic case of supply and demand in action. With the price of food on the rise why not check out some of the most expensive dishes ever! Would you pay for them?
United recently played a friendly in Australia in front of a sell-out 83,127 crowd at the ANZ Stadium but it turns out the real drama took place off the pitch. Just 20 mins before kick-off the match was on brink of cancellation as United were refusing to take to the pitch as long as the stadium's giant screens were flashing up ads for Coca-Cola. This was unacceptable as United were on the brink of signing a multi-million pound deal with Pepsi in the region.
In most countries people generally enjoy unlimited trips to salad bars at Pizza Hut. This is not the case in China as a one-trip policy birthed a movement of "salad stacking" which has resulted in the death of Pizza Hut salad bars all over the nation. To maximise their solo stab at the salad bar, diners created fantastic sculptures of fruit and vegetables which Pizza Hut had to put a stop to however the photos still live online for you to check out.
Friday, 2 August 2013
China has been following the Asian development strategy pioneered by Japan from the 50s to the 80s, and then pursued by the "Tiger" economies of Korea, Taiwan, Hong Kong and Singapore. Unfortunately for China, its population is almost seven times those of Japan & the Tigers combined. So its impact on the rest of the world has been far bigger, and its room for manoeuvre more limited.
There are 736,000 millionaires in Britain - but how do you join them? The most common answer seems to be "become a banker". One in eight of these millionaires have built up their fortune through jobs in financial services. Find out what other industries hold the rest of Britain's millionaires by following the link.
Ryanair has raised the cost for passengers taking luggage in the hold of its plane from 30 euros to 50 euros for the summer. The no-frills carrier's chief executive Michael O'Leary intends to increase baggage charges until no-one took its flights with hold luggage.