Country Life In The City

Hundreds of jobs have been created in West Yorkshire with the opening of a new Marks & Spencer distribution centre.

The centre is situated on the ProLogis Park and covers 102,000 sq m, one of the largest warehouses in the UK. It will create 1,200 new jobs and is scheduled to become fully operational early next year. It will start by distributing furniture and equipment to stores and will add tinned and packet foods next year.

Bradford was chosen for the site of the new warehouse because of its transport links. It is a major transportation hub in the UK and 1/6 of the population can get there in 30mins.

David Green, Bradford Council’s executive member for regeneration and economy, said: “This site will provide hundreds of jobs for residents, contribute millions of pounds to our economy over many years and act as a catalyst for further growth.”

This took my fancy from Director of Finance online:-

It coming up to the 2nd anniversary of the Lehman Brothers’ collapse, and treasury management systems are enjoying a new era of sexiness. Since the collapse, they have been getting a lot more attention from senior management, boards of directors analysts and shareholders as it has become increasingly important to be efficient with working capital and external borrowings and keep track of internal cash sources.

This is where eBAM comes in. Electronic Bank Account Management replaces manual methods of keeping track of an organisation’s cash situation, which has become outdated. eBAM answers questions such as ‘Do we know what our cash position is over all of our bank accounts?’ and ‘Are all our signatories still employees?’.

The implementation of the SWIFT message set that supports eBAM has meant that it can be incorporated into the treasury management system and bank account management workflows can be built into treasury’s STP operational framework.

The upshot of all this electronic wizardry is that management can be confident of their cash position across multiple accounts and the possibility of fraud and errors is reduced as the operational signatory file is much more likely to be up to date.