This week’s business round up in brief

first_imgThis week’s business round up in briefOn 14 Mar 2000 in Personnel Today Comments are closed. • Banking and finance union Unifi has warned that London jobs are underthreat with the merger of Deutsche Bank and Dresdner Bank, despite claims thatmost of the 1,500 jobs lost will be in Germany. The deal is expected to deliver cost savings of £1.75bn a year by 2003 andthe new business will be called Deutsche Bank. But Unifi spokesman Dai Davieswarned that UK jobs could be threatened because unions were stronger in Germanyand there was no Unifi recognition in either of the London banks.The merger of the two largest listed German banks is the biggest shake-up inthe country’s financial services industry for 50 years. www.thisislondon.com BA chief Ayling steps down after four years• Chief executive of British Airways Bob Ayling announced his resignation onFriday after four years at the helm.Ayling, a former lawyer, said the demands of his four years in charge hadtaken their toll and it was time for a new chief executive to step in.Chairman Lord Marshall will take up the role until a successor is found,with the management team reporting to him. Ayling said he intended to take a break with his family before consideringfuture career options.Shares in the airline rose sharply following the news, with trading up morethan 12 per cent, before easing back. Ft.comTesco staff pensions hit by Budget tax rules • Supermarket chain Tesco’s 170,000 employees will have to to boost theirpension contributions by an extra 0.5 per cent because of changes to tax rulesin the July 1997 Budget. In that Budget pension schemes lost a tax credit awarded on theirinvestments.Employee contributions in the Tesco staff scheme will rise from 3.75 to 4.25per cent. Daily Mail Previous Article Next Article Related posts:No related photos.last_img read more

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Morrisons LFLs down 2.7%, reveals plans to sell 11 stores

first_imgMorrisons saw like-for-like sales (LFLs) drop by 2.7% in its first half – and has announced plans to close 11 stores.In its interim results for the half year to 2 August, the supermarket said total turnover fell 5.1% to £81bn, while store turnover, excluding fuel, was down 1.1% to £6.4bn.Profit before tax dropped by 47% to £126m during the period. Morrisons said that its store closure programme would also incur a one off cost of £20mYesterday, the supermarket chain said it was selling 140 M Local convenience stores to a team of investors, led by Mike Greene and backed by Greybull Capital for about £25m in cash.ListensDavid Potts, chief executive, said: “Since joining Morrisons, I have been struck by the passion and commitment of all our colleagues, and I want to thank them for their continued good work. Our colleagues have the key role in delivering an improved shopping trip for customers both in stores and online. Morrisons will be an organisation that listens. During the first half, the new executive and leadership teams have been listening hard to colleagues, customers, suppliers and shareholders. They tell us there is a lot for us to do.”Morrisons said it would work on six priorities to build on its strengths and improve the customer shopping trip. These were:To be more competitiveTo serve customers betterFind local solutionsDevelop popular and useful servicesTo simplify and speed up the organisationTo make the core supermarkets strong againPotts added: “The immediate priority is to deliver a better shopping trip to stabilise trading performance. Our six strategic priorities will then deliver improvement in the core supermarkets, where we have the greatest opportunity.“It will be a long journey. We approach the challenge with energy, confidence and many strengths, particularly our strong balance sheet and cash flow, which enables investment in improving the customer shopping trip.”last_img read more

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Massei, McIntosh provide edge for Badgers

first_imgFreshman Mary Massei went 2-for-4 at the plate in the second game, scoring two runs and one RBI.[/media-credit]As has been the case all season long for the Badgers, the underclassmen stepped up in a big way in a game two victory against Green Bay Wednesday.Continuing her torrent pace of late, freshman Mary Massei, went 2-for-4 in the Badgers’ second game, recording two runs, one RBI and boosting her season batting average to an impressive .333, which is second on the team. Both of Massei’s hits went for triples, tying a school record for most in a game. Even more impressive, she now stands alone as the all-time leader in single season triples with six this season.“It felt great to be able to [get those triples] for my team,” Massei said. “We were just focusing on making the adjustments on the first pitcher since we had to see her in the second game. It was great that we made those adjustments.”Massei, who batted second in the first game loss to Green Bay, proved she can hit from anywhere into the lineup as she was switched to the leadoff spot after the first game.“I’m comfortable hitting anywhere in the lineup,” Massei said. “You’re really only in [the leadoff] position at the very first at-bat.”Massei is a versatile hitter, who can hit from anywhere in the lineup. However, after her record-setting performance Wednesday, Healy will be hard-pressed to take her out of the leadoff spot going forward.“I like [Massei] in that leadoff spot,” Healy said. “We are trying to tweak it, but Mary [Massei] in the one spot is tough because she has that triple threat and she brings her power. You have a kid like Mary, who has the potential to go yard. If you are going to get one more at-bat we want it to be someone who has the chance to put it over the fence.”Stephanie Peace committed a costly error in the first game loss, her 16th of the season, and was switched to second base before the second game. However, Peace’s struggles in the field may have been due to injury, according to Healy.“Steph [Peace] got a little hurt and got a little banged up,” Healy said. “It was hard for her to attack balls, limping a little bit out there.”Filling in for Peace at shortstop was freshman Michelle Mueller, who turned an impressive double play in the sixth inning that all but sealed the game for the Badgers.“You know when you make those defensive changes, the ball is going to get hit at those kids,” Healy said.“Michelle did a nice job of helping [Meghan McIntosh] out,” Healy said. “We made that same switch [on spring break] and Michelle gave us a little burst of energy.”The Badgers bounced back from their tough loss in the first game and came to play at the plate and in the field. However, it was the dominant pitching from sophomore McIntosh that gave Wisconsin the biggest edge.“We easily could have gotten swept after Cassandra [Darrah] loses the first game, but Meghan [McIntosh] did a phenomenal job of holding them down,” Healy said.McIntosh gave up an earned run in the first inning but was able to get in a groove and hold Green Bay scoreless for the rest of the game. The southpaw pitched a complete game four-hitter, striking out six batters.“I worked on really moving the ball more outside and not giving them any balls to hit good contact on,” McIntosh said.In her second year with the Badgers, McIntosh has learned she doesn’t need to do it all by herself. All season long she has been able to trust her defense to get her out of tough spots.“Everyone does their job in the field, I pitch the ball and they hit it to my defense and let the defense work,” McIntosh said. “That’s how it’s supposed to be.”last_img read more

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