Category: Business & Employment

  • Employment Tribunal Fees

    This week marks almost three months since the abolition of employment tribunal fees. For those who missed it, the ruling followed Unison’s arduous and multi-year appeal against the government’s decision to impose tribunal fees on employees issuing tribunal proceedings. Unison, having had their case rejected at every level, finally succeeded in the Supreme Court. The Supreme Court’s decision, which sent shockwaves through the spine of the legal profession as well as around society, held that the government’s decision to charge fees was unlawful and needed to be abolished. Immediately after the decision, the Employment Tribunal halted receiving payment of fees.

    Even to this day, fees have been indefinitely halted. This has affected the ability of claimants to bring claims online (as the IT system underwent ‘maintenance’ for a period).

    Under Labour, there had been no fees for issuing a claim but this changed when austerity arrived and the Conservative government introduced fees. The decision is huge and has many ramifications for the Justice system.

    Dominic Raab, Minister of State for Courts & Justice, was apologetic for the interference caused to users who had been affected. He maintained that the government was looking at the issue seriously and looking for ways to resolve any funding issues.

    The abolition of fees does leave a funding gap for the Justice department. The cost last year of funding employment tribunals was £68,000,000, of which £8,000,000 came from tribunal fees. With all expenditure now under scrutiny, it does beg the question which part of the Justice Department’s budget will be reduced in order to pave way for the increased costs which will be incurred. As lawyers, we’ll leave that to be answered by the politicians.

    If, in the meantime, you require any advice on employment matters, call our Employment Tribunal Solicitors, John Porter and Soibi Iketubosin on 0161 624 6811 or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Carphone Warehouse shares fall

    Carphone Warehouse shares fall

    The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits.

    In an unscheduled statement, the company stated that the scrapping of EU roaming charges for people using mobile phones abroad and customers not upgrading their phones as frequently because handsets have risen in price, has led shares to fall more than 30%. It said profits this year would be £360m to £440m, down from £501m last year.

    The innovation of the newest handsets means phone users are typically holding onto their handsets for four to five months longer, Dixons Carphone’s executives said. It is hoped the launch of the next iPhone, the iPhone 8 in the Autumn, will boost ailing sales after the disappointment of the iPhone 7. The Samsung Note 8 however is expected to cause less of a impact.

    With regards to EU roaming charges, the Carphone Warehouse business model sees the retailer take a slice of the value of customers’ phone contract. Now no extra charges apply with in EU countries, a drop in profits made in this say would impact the business by up to £40m. The new legislation introduced in June means all calls, texts and data customers use in the Europe Zone will come out of their normal UK allowance. Essentially, roaming in Europe feels just like home!

    Company shares solicitor

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us.

    Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Airbnb reveal plans to crack Asia market

    Airbnb reveal plans to crack Asia market

    Airbnb have revealed plans to crack the Asian market. Nathan Blecharczyk, a co-founder and the firm’s chief strategy officer, says it’s firmly focused on expanding in Asia-Pacific.

    The region has roughly 60% of the world’s millennials i.e. young adults between the ages of 19 and 35 who are the fastest growing generation of consumers. However, only about 15% of Airbnb’s four million global listings are based in Asia.

    Company merger advice Oldham

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Company expansion for Amazon

    Company expansion for Amazon

    Online retail giant Amazon is to open a new warehouse near Bristol in 2018 which it says will create 1,000 jobs adding to its 13 sites in the UK.

    Other new warehouses are set to open in Doncaster, Warrington and Tilbury this autumn. The firm’s UK workforce will total 24,000 by the end of 2017.

    AHC, an agency employed by Amazon, was exposed in a BBC documentary for its treatment of its delivery drivers on long hours, low pay and conditions.

    Earlier this month Amazon was found to have paid 50% less UK corporation tax last year, despite a 54% jump in turnover.

    Accounts filed by Amazon UK Services show the company was billed £15.8 million in 2015 compared with £7.4 million in 2016.

    Company expansion solicitors

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact our company expansion solicitors.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Co-op loses 25K current accounts despite rescue deal

    Co-op loses 25K current accounts despite rescue deal

    The Co-operative Bank has said it lost about 25,000 current accounts during the first 6 months of the year following the uncertainty over its future.

    Furthermore, £400m of instant access savings cash was withdrawn in a period that saw the bank being put up for sale before a rescue deal was agreed.

    In June 2017 the Co-operative Bank agreed a £700m rescue package to stop itself from being wound up.

    Company winding up solicitors

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact our company winding up solicitors.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Sales boost for high street retailer Next

    Sales boost for high street retailer Next

    Sales at High Street retailer Next have had a big boost after an 11.4% increase from their Directory catalogue and internet business.

    However, full-price sales at Next Retail fell 7.4%, and it said it remained “cautious” about its outlook, given the current consumer environment.

    Next shares topped the FTSE 100 in early trading, rising more than 9.5%.

    The company also confirmed it would pay a special quarterly dividend of 45p and said its second-quarter sales were better than expected after it improved its product ranges and made its website more user-friendly.

    Business solicitor Oldham

    If you are a business owner or company MD and are looking for a business solicitor Oldham law firm Wrigley Claydon can help. Whether you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice on any other business related matter, please contact us.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Profit slum for Sports Direct – our commercial solicitors look into why…

    Profits at Sports Direct have plummeted nearly 60%, which the firm said was largely due to the weaker pound.

    Pre-tax profit fell to £113.7m from £275.2m in 2016 because of “currency movements and increased depreciation charges”.

    Chief executive and the owner of Newcastle Football Club, Mike Ashley, said it had now taken steps to “minimise the short-term impact of currency volatility”.

    Sports Direct’s reputation has been badly affected by revelations about staff conditions at its warehouse in Derbyshire.

    Sports Direct has recently bought a stake in Game Digital, increased its stake in Debenhams, and acquired lingerie firm Agent Provocateur which may have affected its profits.

    Commercial solicitors

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact our commercial solicitors.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • What does the Trade Union Act 2016 mean for employers?

    Several months since the Trade Union Act 2016 has come into force, Wrigley Claydon looks into some of the key changes. We have highlighted some of the key aspects of the Act, which are as follows:

    1. Before companies and industrial action can take place, 50% of members need to vote
    2. Trade Unions will need to give two week’s notice before they start a strike
    3. For public sector employees, there is a restriction on deduction of Union subscriptions direct from their salary. What this means in principle, is that Union subscriptions will no longer be removed automatically from wages – employees will physically need to arrange payment of their subscriptions.
    4. The Act restricts Union’s abilities to contribute to political causes.

    What does the Trade Union Act 2016 mean for your business?

    In many industries there is no Union representation for employees. As an employer, if your employees are not part of a Union, there is nothing forcing you to make them join one. If none of your employees are part of a Union, then this Act does not directly affect you. If you employ some staff that are Union members or all of your staff are part of a Union, then this legislation strengthens an employer’s position. It makes it more difficult for Unions to strike.

    If you require any further advice on Trade Union Act 2016 and how it might affect your business, or any other employment issue, please do not hesitate to contact our employment department who will be more than happy to assist you. John Porter, Head of Employment, can be contacted directly on 0161 624 6811 or by emailing jap@wrigleyclaydon.com.
  • Lloyds to repay arrears fees and PPI claims to the tune of £1bn

    Lloyds Banking Group has set aside another £1bn to cover the cost of insurance mis-selling and the treatment of mortgage customers.

    Another £700m will cover payment protection insurance (PPI) claims and £283m will be used to repay about 590,000 mortgage holders.

    The repayment to mortgage customers comes after they were charged from 2009 to 2016 for going into arrears.

    The Financial Conduct Authority had been investigating the issue, concluding that the charges should not have been applied as the bank did not always do enough to understand customers’ circumstances and check that their arrears payment plans were affordable and sustainable.

    Lloyds will refund all fees charged for arrears management and broken payment arrangements, and it will also pay any litigation fees that were applied unfairly to customers who were involved in related legal action.

    In addition, it will also offer payments for potential distress and inconvenience.

    Company solicitors

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact our company solicitors.

    Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.
  • Job losses and cost-cutting at Tesco HQ

    Job losses and cost-cutting at Tesco HQ

    UK’s biggest supermarket Tesco plans to cut 1,200 jobs at its head office in Welwyn Garden City and Hatfield as part of a major cost-cutting drive that aims to reduce costs by £1.5bn.

    Tesco said, “This new service model will simplify the way we organise ourselves, reduce duplication and cost but also, very importantly, allow us to invest in serving shoppers better,”

    Shares in Tesco rose 1.6% to close at 171.7p, but have fallen almost 17% since the start of the year.

    Business planning solicitors

    If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us.

    Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.