Top business executives have criticised the Government for lack of consultation over new employment laws and for failing to take into account their impact on business. Executives on Assignment, a temporary management firm, said 220 chief executives canvassed felt the new laws would mean more red tape and higher costs.
On the bright side
A council tower block in West Bromwich has been fitted with solar cells in a bid to provide enough electricity to power lifts, communal lighting and ventilation. Tenants in the nine-storey block are in temporary homes while Bowater House gets a £2m face lift, including photovoltaic cell cladding down one side.
Viyella power deal
Eastern Group has signed a contract worth £11.7m to supply electricity to Coats Viyella’s 273 UK sites for the next year. The deal extends the existing power-supply agreement to cover the fabrics and precision engineering group’s 206 sites with a requirement of under 100kW.
DuPont buys Herberts
DuPont has bought coatings company Herberts from Hoechst for $1.9bn (£1.19bn). The company plans to merge Herberts with its own coatings business and name it DuPont Performance Coatings.
Alstom in Finland
Alstom has won a £17m turnkey contract from Enso Publication Papers in Finland for a natural gas fired 70MW gas turbine generator set.
Companies in the UK are more vulnerable to data loss than those in Europe. Some 14% of UK companies have suffered significant data loss in the past two years, according to a survey by computer giant Hewlett-Packard, and 36% have lost data two or more times.