Tag: companies

  • After five days of losses, British stocks holding firm

    After five days of losses, British stocks holding firm

    A day after economic slowdown fears dragged the major British stocks to their sixth straight session of losses, UK equities stabilised on Tuesday, with some positive momentum from financial sectors and some excellent earnings announcements.

    By 0712 GMT, the FTSE 100 had up 0.6 per cent, with shares in British bank HSBC up 2.6 per cent providing the biggest boost to the blue-chip index.

    Following volatile crude prices, oil majors BP Plc and Shell Plc climbed 1.5 per cent and 0.8 per cent, respectively.

    After finishing at its weakest level in more than three months on Monday, the domestically focused mid-cap FTSE 250 index gained 0.7 per cent. Paragon Banking increased by 4.7 per cent after raising its expectations for 2022 and indicating robust new lending growth.

    FirstGroup jumped 1.2 per cent when the transportation company reported a higher yearly profit and restarted dividend payments, as passenger numbers on its buses increased after COVID-19 limitations were relaxed.

    Crest Nicholson rose 6.1 per cent after projecting an adjusted profit before tax of between 135 and 140 million pounds for fiscal year 2022. In 2021, the housebuilder made an adjusted profit of 107.2 million pounds.

  • Anonymously report harassment, bias at work with this new app

    A tool called AllVoice is here to make it easier for employees to anonymously send feedback to the company’s leadership, and report harassment or bias.

    According to the details, the app has been launched by Eponymous, and the company has raised $3 million in seed funding for the facilitation of their startup.

    AllVoices is a platform that lets people send complaints to the human resources (HR) department. All complaints are displayed on the dashboard of the application that helps HR to launch investigations.

    Founder Claire Schmidt was inspired to create AllVoices after former Uber engineer Susan Fowler investigated sexual harassment and discrimination in the ride-hailing company.

    Once the report is sent to the department concerned, it sends text notifications for the complainant to track the response from the company.

    Employees in HR won’t see any information such as names, and AllVoices won’t know which employer is involved. All communication is encrypted, the company says.

    After 60 days have passed following a complaint, AllVoices asks the employee if he or she knows whether the company has taken any action and, if so, how satisfactory it is. AllVoices then gives that data to the company.

    AllVoices is hoping to create a free version of the app for employees who work at companies that do not use the app. They’d be able to report issues by sharing an email for someone in their human resources department.