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Purchasing time and cost overruns are getting worse at the Ministry of Defence, according to the National Audit Office, writes Cathy Hayward.
Three-quarters of European companies experience delays in receiving imported goods, either finished or component, while 79 per cent experience delays in exporting goods, according to a recent logistics survey, writes David Arminas.
Japanese electronics and semi-conductor maker Toshiba is to cut 17,000 jobs in Japan and 1,800 elsewhere, while expanding output in overseas markets. However, UK jobs are believed to be secure. The announcement comes as the firm forecast a loss of about £700 million, its largest ever.
Napp Pharmaceuticals has won a temporary reprieve from having to comply with an Office of Fair Trading order to cease anti-competitive practices.
PSA Peugeot Citroen has taken an equity stake in Covisint, and will join the automotive e-business exchange’s European advisory council when it is established later this year. Covisint claimed that a recent DaimlerChrysler auction was its largest to date. Five suppliers bid for the contract to supply 1,200 parts in an order worth $3 billion.