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UK News Archive: May 2002

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BP announce 800 contractors' jobs to go31/5/2002
BP announced the loss of 800 contractors' positions today (31 May 2002) on top of 500 job losses earlier this year.


Wood Group Flotation31/5/2002
The flotation of the Wood Group on London's stock market on 29th May has proved to be a remarkable success. Their opening price of 195p per share soared to 220p by the end of trading on the first day.


IR35 Undergoes Minor Amendments16/5/2002
In a Standing Committee Finance Bill debate the Paymaster General explained the reasons for three 'minor amendments' which will affect service company legislation. Changes include mileage expenses for those caught by IR35.



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