Finance

  Fifty of the biggest UK employers questioned by BBC have said they have no plans to return all staff to the office full-time in the near future. Some 24 firms said that they did not have any plans in place to return workers to the office. However, 20 have opened their offices for staff unable to work from home. It comes as many employees return to work from the summer holidays with the reality of a prolonged period of home working becoming increasingly likely. The BBC questioned 50 big employers ranging from banks to retailers to get a sense of when they expected to ask employees to return to the office. One of the main reasons given for the lack of a substantial return was that firms could not see a way of accommodating large numbers of staff while social distancing regulations were still in place. Many companies said they were offering choice and flexibility to those who want to return, particularly in the banking and finance sectors. A few firms have already toannounced they h...

  Aveva chief executive Craig Hayman said the takeover would “enable Aveva to broaden and deepen its relationships with existing and new customers and bring a more comprehensive product portfolio to market.” Aveva sells software to industrial and engineering firms to help them visualise and plan projects. OSIsoft is a data management company. “The acquisition of OSIsoft is perfectly in line with our strategic vision and it will accelerate the enlarged group’s role in the digitisation of the industrial world, which is being driven by a need for sustainability, the industrial internet of things, cloud, data visualisation and artificial intelligence,” Hayman said. OSIsoft has around 1,400 employees and its systems are used on 14,000 sites in 127 different countries. It helps customers collect and analyse their data. Users range from large oil companies and miners to pharmaceutical giants. The company had revenues of $488.5m (£373m) in the 12 months to 30 June and pulled in adjusted ea...

Ant Group, an affiliate of  Alibaba , has given the first look at its financials ahead of its highly-anticipated initial public offering (IPO), in a document filed on Tuesday. The financial technology powerhouse, which is still controlled by Alibaba founder Jack Ma, reported profit of 21.9 billion Chinese yuan ($3.2 billion) on total revenues of 72.5 billion yuan in the first half of the year, according to the exchange filing. Ant Group, formerly known as Ant Financial,  is planning a concurrent listing  on the Shanghai stock exchange's STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange.  Source- CNBc . 

Nielsen's Personality is reflected in the guidelines he set for his firm in 1931, some of which were, in part; 1. Be influenced by nothing but your client's interests. Tell them the truth. 2. Charge enough to do a thorough job. Then do a thorough job regardless of the cost. 3. Watch every detail that affects the accuracy of your work. 4. Leave no stone unturned to help your client.

President Edgar Lungu on Saturday summarily dismissed central bank governor Denny Kalyalya and replaced him with former deputy finance minister Christopher Mphanza Mvunga, a statement from State House said. “President Lungu has terminated the contract of Bank of Zambia governor Dr Denny Kalyalya with immediate effect,” said the statement, which did not provide reasons for the dismissal. Kalyalya, who previously served as a World Bank executive director, was appointed in February 2015 and had his contract extended in 2018 until 2023. Source- Reuters .

Before you invest in those stocks, it is important to know if your investment is going to yield the highest profitable returns possible in a chosen sector. The most reliable tool to test for optimal profitability is the Earnings Per Share (EPS) shareholder ratio  EPS is the most frequently used of all accounting ratios. It ia believed to give the best picture of a company's performance.  To calculate EPS, divide a company's net profit or loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The net profit or loss attributable to ordinary shareholders is earnings after tax, minority interest and extraordinary items available for equity shareholders. Every information needed for the calculation of EPS is available in a company's financial statements.   But the EPS shouldn't be used in isolation to make an investment decision. Other factors must be considered before a final decision is reached. Don't...

LinkedIn analyzed applications for remote jobs in Europe since the beginning of March, to see which were the most popular with job hunters. For six European countries, LinkedIn has listed the remote jobs that saw applications grow the most during the COVID-19 pandemic. The data is based on applications for jobs that companies have paid to post on the platform... Read more