The Better Payment Practice Group (BPPG) has announced a rise in the interest rate for companies applying UK late payments legislation. The new rate, which applies from 1 July 2004 to 31 December 2004, will be 12.5%.
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A university purchasing consortium has kept the rise in gas bills to below inflation in the sector's first e-auction for the commodity.
UK-based racing car maker Lola is confident that a robust supply chain will help its new 200-miles per hour-plus cars for an Asian grand prix series to run well in difficult conditions.
The UK financial markets could suffer a major blow next year if the impact of International Accounting Standards (IAS) is not properly explained to analysts and investors, warns ICAEW Chief Executive Eric Anstee.
Northgate Information Solutions is setting up a strategic procurement department after the IT business solutions company grew by 60 per cent last year.
The NHS Logistics Authority faces outsourcing after a major Department of Health (DoH) report called for a cull of support service bodies.
London 2012, organiser of London's Olympic bid, has signed up to the city's green procurement code to boost its corporate social responsibility credentials.
The Inland Revenue is to increase its interest rates on all late tax payments by up to 1 per cent from next month.
Purchasers face rising renewable energy prices if local authorities cave in to anti-wind farm pressure, according to the head of the CIPS energy committee.
Barclays Bank has restructured its sourcing function to give purchasers more varied work and career opportunities.