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Rail franchises may not be value for money due to dwindling interest, say MPs

12th February 2016  | Latest News Management

There is "a real risk" that the Government will not get value for money from rail franchises because of "dwindling" interest from operators, an influential group of MPs has warned. A report by the Commons Public Accounts Committee (PAC) urged the Department for Transport (DfT) to develop an alternative commercial strategy to be used if competition for franchises continues to fall. It suggested looking at other markets which have a limited number…

Rolls-Royce annual profits fall 12 per cent to £1.4 billion, figures show

12th February 2016  | Latest News Management

Engine maker Rolls-Royce said annual profits tumbled 12% to £1.4 billion as the business was hit by civil aerospace cuts and falling commodity prices that have impacted output at its marine division, which supplies the oil industry. The fall in profit at FTSE 100-listed Rolls was less than analysts expected, but it did cut its dividend by half to 7.1p a share, as it bids to conserve cash. The business said the…

Companies to publish gender pay gap under new government initiative

12th February 2016  | Latest News Management

Companies with over 250 employees will have to publish their gender pay gap under measures being announced by the Government to tackle inequality. New league tables will also be launched giving details of companies failing to address the problem. And ministers are taking action to make sure that thousands more girls study maths, engineering, science and technology at school. Women and equalities minister Nicky Morgan said the Government wanted to secure "real equality"…

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