ASDA a symbol of Rotten Management and Decay!

ASDA Hatfield.
ASDA Hatfield.

UK – The prospect of trip to your local high street now fills the intelligent with dread. The other shoppers are like drugged automatons moving in step to the Prozac dance macabre.

But it is not just the other shoppers that are bad, and they are. The real terror lies within the big four supermarkets. Surly unhelpful and resentful staff stacking shelves blocking the isles often two in each isle. Continue reading “ASDA a symbol of Rotten Management and Decay!”

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Now the TESCO Shareholders have been ripping off the Pensions Scheme!

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TESCO in pension meltdown

UK – As if things at the troubled retailer TESCO’s were not bad enough with falling profits, a falling share price and the Serious Fraud Office investigating their accounts.

Now TESCO seems to have a £ 3.2 billion hole in its pensions scheme. This deficit in the Pensions scheme is now three time the deficit that was reported in 2011. Continue reading “Now the TESCO Shareholders have been ripping off the Pensions Scheme!”

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The Tesco Scandal means Share Trading needs Reform

Real time quotes at the stock exchange.
Real time quotes at the stock exchange.

The very public Tesco accounting scandal has highlighted problems with the abuse of shareholder power. But That is not the only problem associated with share trading.

Insider trading and the short selling of shares that you do not actually even own, are other examples of fraudulent trading practices associated with the shares market.

The Banks and share traders use quick flips of shares to generate quick money. This distorts the market in shares. Continue reading “The Tesco Scandal means Share Trading needs Reform”

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Who is stopping the SFO from investigating TESCO?

Who is stopping the SFO from investigating TESCO?
Who is stopping the SFO from investigating TESCO?

UK – First we had the shock of TESCO, one of the largest companies in the United Kingdom, announcing that they had overestimated their profits by £250 million.

Since then there has been a steady drip drip of shocking news. OK most of it passes right over most peoples heads. But for the world of finance each drip is an earthquake. Continue reading “Who is stopping the SFO from investigating TESCO?”

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Lies, Damn Lies and Tesco’s accounts.

Tesco reels as their shares fall as from £250m forecast error
Tesco reels as their shares fall as from £250m forecast error

UK – There are many fantasists. This is fine. We all need to boost our ego’s from time to time. In the world of business the truth is a flexible concept, a commodity. For the most part the ability to make Sales depend on this. Salesmen and Women need to believe in what they are selling. Continue reading “Lies, Damn Lies and Tesco’s accounts.”

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City Outraged – Government signs a contract with Strict penalty clauses!

Department for Business, Innovation and Skills
Department for Business, Innovation and Skills

UK – The City is outraged when Department for Business, Innovation and Skills affairs invited bids for an IT contract with very strict penalty clauses. It appears that after a string of IT fiascos in the past 20 years. The Child support agency being a good example. That the government has brought in an IT professional to oversee the purchase of all future IT projects. Continue reading “City Outraged – Government signs a contract with Strict penalty clauses!”

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When the Bankers commit Fraud, why does no one go to Jail?

The organised crime capital of the United Kingdom.
The organised crime capital of the United Kingdom.

UK – When we think of banks, our thoughts should turn to safe places in which to place our money. Run by sober and responsible men with propriety. A safe place within which to keep our money, and from whom both customers and industry could borrow money.

Before Thatcher’s so called “Big Continue reading “When the Bankers commit Fraud, why does no one go to Jail?”

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DWP and Lloyd’s to re-open Slave trading forum.

The DWP's preferred design for the slaves dormitory's personally approved by Iain Duncan Smith.
The DWP’s preferred design for the slaves dormitory’s personally approved by Iain Duncan Smith.

The City – Coming hot on the heels of news that the police have found that three people have been held as slaves by a retired couple in south London, Lloyd’s has re-opened is doors to the slave trade after a break of 206 years.

The trading of slaves will be done on behalf of the DWP, and their Continue reading “DWP and Lloyd’s to re-open Slave trading forum.”

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Good bye and Good Riddance

This just says it all.
This just says it all.

UK – So ‘Wanker’ Brown has finally gone from Number 10 and the country has sighed a collective sigh of relief. None so great as in the Labour party, who are glad to be rid of such an electoral liability. No doubt they will get down to their usual practice of the blame game and recriminations. Continue reading “Good bye and Good Riddance”

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The End of the Line for Lord Myners?

Lord Myners before the Treasury Select Committee
Lord Myners before the Treasury Select Committee

UK – So now we finally are at the point where a government minister might actually have to resign over the Royal Bank of Scotland (RBS), Sir Fred Goodwin pensions scandal.

It appears that Sir Tom McKillop, the former chairman of the Royal Bank of Scotland, issued a point-by-point rebuttal of Lord Myners Continue reading “The End of the Line for Lord Myners?”

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