A euro transfer payment system, Stepyl, adopted by major European banks, is expected to speed up euro transfer payments, according to the Euro Banking Association. Paperwork should be reduced and payments should be completed within two days.
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A euro transfer payment system, Stepyl, adopted by major European banks, is expected to speed up euro transfer payments, according to the Euro Banking Association. Paperwork should be reduced and payments should be completed within two days.
The contract clothing division of textiles company Coats Viyella, a supplier to retailer Marks & Spencer, is to remain open after a management buy-out this month.
A code of conduct between software suppliers and the IT industry is needed to stamp out software malpractice, according to John Lister, European IT director at retailer Tesco. He claimed many companies were being “stiffed” - charged additional costs by software firms for making small changes to their software, such as changing the number of users.
Energy regulator Ofgem has set out its new year’s resolutions in a corporate and budget plan. These include ensuring efficient trading in wholesale gas and electricity, managing the move to competitive supply markets, improved regulation of monopoly businesses and social and environmental action. For a copy of the plan, visit www.ofgem.gov.uk or call 0116 277 2617.
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The government is offering builders a £350 incentive to sign up to its scheme to get rid of cowboy contractors. The scheme provides a guarantee against shoddy workmanship. But contractors claim the scheme is still too expensive and the construction boom means that there is enough work for both good firms and cowboys.
The Freight Transport Association (FTA) has launched a website, www.44tonnes.com, to provide information on the 44-tonne weight limit for trucks on UK roads which starts this month.
Contractors are to be included in league tables for the first time in a bid to bring greater transparency to the construction industry. Warwick Manufacturing Group will compile the tables from clients’ and suppliers’ feedback. Rankings will be dependent on supply chain management, health and safety and continuous improvement.
UK retailer Tesco is fighting for changes to the European trademark law at the European Court of justice as part of its battle to legally sell Levi Strauss clothes. Tesco wants the right to buy discounted Levis bought outside the European Union from suppliers in Canada, the US and Mexico. It wants to reverse a ruling disallowing the trade in so-called parallel imports.