In the office bright and early as I prepare for a day of meetings. I receive last months financial results which I will be reviewing with our finance team later today. I have also been doing further work on product trials and launches for the rest of the year.
This morning I am meeting with the lovely chap who is supporting us with our menu development as we get a preview of our new range. I have invited the people in the finance and HR functions to come along and have a taste and their instant feedback will be interesting and useful.
After this I am heading NW back to Cheshire ahead of a couple of days of site visits.
Today the head of the Bank of England will be give a further update on his forward guidance. I have to say I like the idea of this as it does give people some confidence for the future. The bank might need to work on its forecasting skills though…….
Interesting to see another bank shoot itself in the foot…..how they think that they can announce a 30% drop in profit, large numbers of redundancies and an increase in bonus for some people is beyond me. I get the fact that individuals will have their own bonus targets which they may well achieve independently of how the overall business performs but this smacks of a PR (and human) disaster. How about predicating an element of everyone’s bonus on the overall profit growth of the business???
random outpourings 