Business

'Backward on pay'

We asked women how they have coped financially after having a baby, following a call by a trade union body for “decently paid” maternity leave. The TUC said statutory maternity pay for UK mothers was among the worst in Europe. Here’s what you had to say. ‘The cost of living is too high’ Priya Virdi, […]

Business

High cost credit products must be tackled, say Lords

Image copyright Getty Images The banks and financial regulators should do more to tackle the vicious cycle of debt and overcharging, says a Lords committee. The Financial Exclusion Committee says banks are failing the customers who need them the most, leaving the poorest to rely on expensive products. It adds that controls on “rent to […]

Business

Why mix earthworms and cocoa shells?

Earthworms are loved by farmers across the world, because of their ability to rejuvenate the soil. In Ivory Coast, a microbiologist-turned-entrepreneur has seen an opportunity to make a unique compost using manure, earthworms and the discarded shells from the country’s biggest export – cocoa. Africa Business Report went along to find out more. Source link

Business

New £1 coin: Tesco to leave trolleys unlocked

Image copyright Getty Images Shopping trolleys at Tesco’s biggest supermarkets will be left unlocked when the new £1 coin is released on Tuesday. The company said it was an “interim” measure while it carries out work to replace the locks on its trolleys to take the new 12-sided coins. Fewer than 200 of Tesco’s 3,500 […]

Business

Pearson boss sees pay boost despite firm's struggles

Image copyright Pearson The boss of publisher Pearson saw his pay package rise 20% last year despite the firm sliding to a record loss. John Fallon made £1.5m in 2016, including a £343,000 bonus, as the company hit certain performance measures. Pearson met its operating profit target of £630m, but made a £2.6bn pre-tax loss […]

Business

Mortgage approvals by banks falls to lowest for three months

Image copyright Getty Images The number of homeowners taking out mortgages in February fell to the lowest figure since November, according to UK banks. The British Bankers’ Association (BBA) said 42,613 loans for house purchases were approved last month, down 1,592 from January. However, gross mortgage lending, which includes re-mortgaging, is still 4.6% higher than […]

Business

Zimbabwe's cash-strapped tobacco farms

The start of the tobacco marketing and selling season has brought in some much-needed hard currency to the Zimbabwean economy. The leaf is the country’s second biggest export after gold and almost all of the annual crop goes to China, South Africa and Germany. But small-scale farmers are not achieving high enough prices for their […]

Business

Cycle courier wins holiday pay battle

Image copyright Reuters An employment tribunal has ruled that a self-employed courier for the firm Excel was actually “a worker”. Cycle courier Andrew Boxer argued he was entitled to one week of holiday pay based on his work for Excel. The tribunal said his claim was “well-founded” and that the firm “unlawfully failed to pay […]

Business

Eurozone growth nears six-year high, survey data suggests

Image copyright Getty Images Image caption France’s services sector helped to fuel eurozone business growth Eurozone businesses grew at the fastest rate in nearly six years in March, led higher by France and Germany, a closely-watched survey has indicated. The latest Markit Composite Purchasing Managers’ Index (PMI) rose to 56.7 from February’s 56.0. A reading […]