Category: Best Business Newspaper

Money blog: ‘Seismic shift’ for UK banks, as milestone passed today; is more expensive steak actually better for you? | UK News

It can be hard to balance the demands of eating well without spending a lot.

In this series, we try to find the healthiest options in the supermarket for the best value – and have enlisted the help of Sunna Van Kampen, founder of Tonic Health, who went viral on social media for reviewing food in the search of healthier choices.

In this series we don’t try to find the outright healthiest option, but help you get better nutritional value for as little money as possible.

This time we’re looking at meat. 

“When it comes to which type of meat you buy, there’s a common misconception the more expensive the cut the healthier it is,” Sunna says.

“But fatty meat stores more nutrients than their lean counterparts – vitamins like A, D, E, and K are fat-soluble and stored in animal fat – so, a fillet steak may contain less nutrients than its fatty cousin,” he adds. 

The science

We typically turn towards leaner cuts of meat due to the common belief that saturated fat from animals is something to be avoided. 

“Yet, the latest science suggests that saturated fat and cholesterol may not be as harmful as researchers once thought they were,” Sunna says.

He points to a 2020 review in the National Library of Medicine that looked at several studies on saturated fat and heart disease – and found that the association between the two appeared to be weak.

That being said, a large amount of fat in your diet is in no way advisable – but don’t be afraid to introduce fattier cuts. 

Mince

Sunna swears by mincemeat – preferring it to steak if choosing the fattier kind. 

Most supermarkets sell somewhere between 5-20% versions – and Sunna urges shoppers to put the higher percentages in

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Electrical apprentice picked to take on the world’s best in prestigious global competition

SCOTLAND’S leading electrical bodies have rushed to congratulate a talented young electrical apprentice who will take on the best in the world at a prestigious global skills competition in France later this year.

Danny McBean, 21, from Dufftown, Morayshire, will face the challenge of a lifetime after being chosen to represent his country at the 47th WorldSkills Competition in Lyon this autumn.

The apprentice, who is employed by Grants (Dufftown) Ltd and attends UHI Moray College in Elgin, made the world finals after scooping gold in the 2023 SkillELECTRIC contest last November.

And his latest achievement has been highly praised by Scotland’s largest construction trade body, SELECT, and the Scottish Electrical Charitable Training Trust (SECTT), which manages apprentice training on behalf of the Scottish Joint Industry Board (SJIB).

Industry skills specialist Fiona Harper, who took over as CEO of SECTT in April, said: “It is terrific news that Danny has been chosen to represent Scotland and its electrical industry at such a huge international event as WorldSkills.

“Young people like him are an example of all that is good in the sector and of the value of the training that is on offer to them – ensuring a healthy pipeline of talent for a future which is so clearly electric.

“Working in partnership with SELECT, the SJIB and Unite the Union, SECTT is established as the premium provider of electrical apprentices and achievements like this demonstrate the extremely high standards that we instil in all learners across Scotland.”

Danny will now join 1,500 competitors from more than 65 countries and regions in Lyon in September, where they will showcase a range of 59 skillsets in front of 1,400 business experts and more than 250,000 visitors.

Alan Wilson, Managing Director of SELECT, said: “Danny has already proved that he is

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Money blog: The ‘fast food’ appearing on menus at Michelin starred restaurants | UK News

By Jake Levison, news reporter

Basically, PIP (personal independence payment) is a tax-free payment given to people to help with the extra costs caused by long-term ill-health or disability.

There are two parts to it:

  • A daily living part – for those who have a long-term physical or mental health condition or disability
  • A mobility part – for people who have difficulty doing certain everyday tasks or getting around

It’s possible to meet the criteria for one part or both parts, and payments vary for each.

Who is eligible?

People aged 16 to 64 can get PIP regardless of whether they work if they expect their difficulties to last for at least 12 months from when they started.

Anyone told they may have 12 months or less to live can also apply and may get PIP more quickly.

Those with both physical disability and cognitive or mental health conditions like anxiety can meet the criteria for both types of PIP.

There is no list of medical conditions that qualify you for PIP. Instead, you’re assessed on the level of help you need with specific activities.

For the daily living part, you might need help with things like:

  • Preparing food
  • Eating and drinking
  • Managing your medicines or treatments
  • Washing and bathing
  • Using the toilet
  • Dressing and undressing
  • Reading
  • Socialising and being around other people
  • Talking, listening and understanding.

For the mobility payments, it’s things like:

  • Working out a route and following it
  • Physically moving around
  • Leaving your home

How does the government make its decisions?

The Department for Work and Pensions carries out an assessment to work out the level of help a person should receive.

A person’s needs are judged through a points system, wherein the more severe the impact in a particular area and the more help required, the

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Americans Continue to Name Inflation as Top Financial Problem

WASHINGTON, D.C. — For the third year in a row, the percentage of Americans naming inflation or the high cost of living as the most important financial problem facing their family has reached a new high. The 41% naming the issue this year is up slightly from 35% a year ago and 32% in 2022. Before 2022, the highest percentage mentioning inflation was 18% in 2008. Inflation has been named by less than 10% in most other readings since the question was first asked in 2005.

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The latest results are from Gallup’s annual Economy and Personal Finance poll, conducted April 1-22.

Gallup has asked Americans at least annually since 2005 to name, without prompting, the top financial problem facing their family. Inflation has topped the list for the past three years. The cost of owning or renting a home ranks second this year at 14%, a new high for that issue.

Other significant problems Americans identify include having too much debt (8%), healthcare costs (7%), lack of money or low wages (7%), and energy costs or gas prices (6%).

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Over the past 19 years, healthcare costs and lack of money or low wages have frequently ranked near the top of the list, while the cost of energy or gas has done so at times of elevated gas prices, as in 2005, 2006 and 2008.

Inflation Named Most Often by All Subgroups

Inflation is named the most important financial problem by all key societal subgroups but garners higher mentions from certain age, income and political groups.

  • 46% of older Americans (those aged 50 and older) mention inflation, in contrast with 36% of younger Americans (those under 50).
  • Inflation is a more top-of-mind concern for middle-income (46%) and upper-income Americans (41% of those with an annual household income
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Scottish bank named in The Sunday Times Best Places to Work list

UNITY Trust Bank, which supports organisations to deliver positive social impact, has been named by The Sunday Times in its annual Best Places to Work Awards.

The prestigious list recognises and celebrates the UK’s best employers, based on feedback from employees and an independent assessment of six key areas, including workplace culture, leadership, employee engagement and wellbeing.

An impressive 91% of employees said that they were proud to work for Unity Trust Bank, and 90% felt that their work was worthwhile. When looking at measurements for workplace happiness, Unity’s highest ranking was for ‘Instilling Pride’ (89%), with an average happiness score of 85%.

Commenting on the award, Julia Tarpey, Director of Human Resources, said:

“Being named in the Best Places to Work is a fantastic achievement, and recognition of the inclusive, diverse and collaborative culture we foster at Unity Trust Bank, which our people are proud to be part of.

“Our colleagues share Unity’s vision of creating a better society by contributing to economic, community and social change, and are fundamental in supporting customers so that they can make a positive impact. We are dedicated to living these values by supporting the growth of every individual, enabling them to prosper both personally and professionally.

“From designing our new head-office space with a focus on promoting wellbeing, to funding industry qualifications that allow employees to pursue their career ambitions, and empowering individuals to deliver social impact through company volunteering days and the employee-led ‘Unity & Me’ forum, we recognise that people are at the heart of Unity’s success, and are proud to invest in their wellbeing.”

Unity Trust Bank has a Gold standard for Investors in People, is a Real Living Wage and Disability Confident Employer, and a signatory of the Women in Finance Charter, which is a commitment to see

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Scotland’s best workplaces crowned at BCO Awards

SCOTLAND’S most outstanding workplaces have been announced, with British Council for Offices’ Awards going to six office buildings across the country. 

Held at the Grand Central Hotel, Glasgow, on 26 April, the BCO’s annual Scottish Awards Lunch recognised projects that demonstrate best practice in office design, fit-out, operation and sustainability, setting the standard for excellence across the sector.

The winners of this year’s competition in Scotland stand out for their unparalleled drive to set new sustainability benchmarks, as well as for ensuring occupiers and local communities are at the heart of each development.

In its second year, the ESG Award continues to celebrate the achievements of offices that excel in responding to the sector’s changing environmental, social and governance needs.

The BCO Regional Award winners for Scotland are:

  • The National Manufacturing Institute Scotland (NMIS), Renfrew (Corporate Workplace)
  • 1 New Park Square, Edinburgh (Commercial Workplace)
  • Deloitte, Edinburgh (Fit-out of Workplace)
  • Statkraft, The Garment Factory, Glasgow (Projects up to 2,500m2)
  • Eastworks, Glasgow (Refurbished/Recycled)
  • The National Manufacturing Institute Scotland (NMIS), Renfrew (ESG)

The annual Chair’s Award for an outstanding contribution to the property industry in the region, was presented to Graeme Bone, MD of Drum Property Group.

The National Manufacturing Institute Scotland, Renfrew, was presented with not only the coveted ‘Corporate Workplace’ but also the award for ESG. Built for the University of Strathclyde and designed by HLM Architects, the judges were hugely impressed that it sets a new standard in environmental and energy achievements, earning BREEAM ‘outstanding’. A pivotal anchor for future development, NMIS is attracting global manufacturers as well as bridging small innovative businesses with larger organisations in an inspiring collaborative space.  Its commitment to sustainability, innovation and industry collaboration is quickly establishing NMIS as a beacon of excellence.

Parabola’s ‘1 New Park Square’, Edinburgh, designed by Allford Hall Monaghan Morris,

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The Best POS Systems for 2024

The right POS features will make it easier to run your business and streamline your processes. Here are some features you should look for in a POS system.

Payment Processing

Most businesses begin looking for a POS system because they need a way to complete customer transactions. Many POS providers go beyond accepting credit cards and debit cards, allowing you to take online and contactless payments. In the process, you’ll receive detailed insights about your daily sales, so you’ll always know how your business is performing.

Inventory Management

Basic POS systems may support only a product catalog, while others have POS inventory management features that allow you to track inventory at the component or ingredient level. Some plans include purchase ordering and vendor management features to simplify your reordering process. Consider whether standard inventory tools will be sufficient or if you will need advanced features to keep your business well stocked.

Customer Management

Customer management features vary among POS systems. Some allow you to capture basic information, such as your customers’ email addresses, so you can build an email marketing contact list. Other POS systems are CRM-enabled, with features that let you generate CRM metrics and create customer profiles, including contact information, purchase histories, preferences, birthdays and notes.

If you prefer more extensive customer relationship management than you can find in a POS system, read our reviews of the best CRM software to find a solution.

Loyalty Programs

To ensure a loyal customer base, you must reward your best customers. A POS system enables that with built-in loyalty software. The top POS systems can track information on your customers’ shopping and dining preferences and help you design customer loyalty programs and rewards programs around that data. You can customize rewards based on how frequently customers shop at your store and

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Golf Business News – ECCO GOLF LT1 named best spikeless golf shoe in 2024 by MyGolfSpy

The new ECCO GOLF LT1 (pictured) has been ranked as the best spikeless golf shoe of 2024 by prominent independent golf equipment testers, MyGolfSpy.

The LT1 received an overall score of 9.6 out of 10 by the revered testing website, beating 27 other hybrid golf shoe options to claim top spot. 

The review highlighted the supreme comfort provided by LT1, citing the upper and dual foam cushion design in the hybrid shoe. Another stand-out feature mentioned was the waterproof exterior, with LT1 providing the best defence against the elements, along with the shoe’s exceptional traction and stability.

“We’re extremely proud to have received this level of recognition for the LT1,” commented Thomas Maymann, Head of Product for ECCO GOLF. “The entire team at ECCO GOLF is thrilled with the LT1, and this award from MyGolfSpy just emphasises what a great shoe it is. We are pioneers of the hybrid shoe phenomenon and this ranking underlies our commitment to continue to make our shoes even better.”

At the heart of LT1 lies ECCO’s most recent technological advancement: ECCO LYTR. This revolutionary approach combines ECCO’s renowned FLUIDFORM technology with all-new ECCO LYTR Foam, a cutting-edge material engineered to deliver unparalleled cushioning and rebound. ECCO LYTR Foam is seamlessly integrated into the shoe’s sole and when combined with ECCO’s ultra-soft PHORENE material in the midsole, it creates a flexible, cloud-like sensation for the wearer.

ECCO has integrated a number of other advanced technologies into the LT1, including the E-DTS™ NET design on the outsole, an evolution of the acclaimed DYNAMIC TRACTION SYSTEM™. This ensures exceptional durability and provides golfers with unrivalled multi-directional traction for superior performance on-course.

The ECCO GOLF LT1 also offers a sporty, contemporary look, with an outsole that provides a modern visual twist to the shoe. Notably, the shank,

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Loblaw ending 50% discount on some food items raises concerns about anti-competitive behaviour

The revelation that Loblaw will end its 50 per cent discount on perishable foods like meat, fruit and vegetables as they near their best-before dates should attract the attention of Canada’s Competition Bureau, says one industry expert. 

Prof. Sylvain Charlebois, the director of Dalhousie University’s Agri-food Analytics Lab, believes the action taken by the grocery chain to align its policy with other food retailers might be considered anti-competitive behaviour.

In an email to Charlebois Monday, Loblaw spokesperson Catherine Thomas said the company is moving away from offering a range of discounts between 30 and 50 per cent on “serve-tonight” products and toward “a more predictable and consistent offering, including more consistency with our competitors.”

“If this is not collusion, it certainly appears to be very close to it,” Charlebois wrote in a column for the Toronto Sun, describing the practice as “discount fixing.”

Meanwhile, NDP MP Alistair McGregor has written to the commissioner of the Competition Bureau asking for a “thorough investigation.” In the letter, he stated that he believed Loblaw’s “co-ordination raises suspicions of possible collusion or anti-competitive business practices within the Canadian grocery retail sector.”

While such a move to scrap the popular discount may anger some consumers, some experts say there’s nothing to suggest it runs afoul of competition laws.

WATCH | An end to deep discounts at Loblaw-owned grocery stores: 

Loblaws will no longer offer 50% discount on expiring food

Loblaw-owned grocery stores will lower the discount on perishable foods like meat, fruit, and vegetables near their expiration date from 50 to 30 per cent.

‘Conscious parallelism’

Instead, what Loblaw appears to be doing is known as “conscious parallelism” — the ability of competitors to watch what others are doing in order to copy them, according to Jennifer Quaid, an associate professor of law who

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5 Hot Jobs for MBA Graduates | Best Graduate Schools

A graduate degree is not required for most business positions, but it is advantageous – especially for employees looking to climb the corporate ladder, earn a higher salary or sharpen leadership skills.

However, the current job market is competitive, says Liz Chilla, senior director of full-time programs in the MBA Career Management Center at Emory University’s Goizueta Business School in Georgia.

MBA graduates “cannot underestimate the importance of networking in getting selected and preparing for interviews,” she wrote in an email. Those “that engage with their network effectively are more likely to stand out among other talented applicants.”

Higher-salary business industry jobs like consulting and tech, for instance, are currently experiencing hiring freezes and layoffs, says Lisa Shatz, assistant dean and director for MBA programs at the University of Texas at Dallas’ Naveen Jindal School of Management. For MBA graduates who want to go into consulting, she suggests “finding opportunities out there in consulting when consulting firms aren’t hiring. So that means possibly targeting smaller firms that have a specific area that’s still growing,” like health care consulting.

“As students are looking at MBA programs and thinking, ‘I want to get into some of these industries that aren’t hiring so it’s a bad time,’ I would argue it’s actually the best time,” Shatz says. “They’ll be in school while the economy is coming around.”

She adds that “especially in the consulting world as capital becomes expensive, these companies are holding back on their projects. That’s why consulting firms don’t have projects and are laying people off. But there tends to be a really quick recovery. As soon as capital becomes less expensive and the economy comes back, every company is going to want to put those projects back out there.”

Experts urge business school alumni in the job market to

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