Financial Conduct Authority scrutinising Aviva’s aborted plans to cancel £450m worth of preference shares March 28, 2018 The City watchdog is scrutinising Aviva’s proposals to cancel £450m of preference shares, its chief executive has confirmed in a letter to the Treasury Select Committee. In a letter published this morning, Andrew Bailey said the Financial Conduct Authority was carrying out a review to establish “whether there are circumstances that might require an investigation [...]
National Numeracy Day is needed to help improve the UK’s maths skills March 28, 2018 Many adults in the UK, through no fault of their own, don’t have the numeracy skills needed in everyday work and life. Less than half (49 per cent) of UK working-age adults currently possess the numeracy levels expected of primary school children. This is having a significant impact on their happiness and their day-to-day lives. [...]
Sky Bet fined £1m by the Gambling Commission for failing to protect vulnerable customers March 28, 2018 Gambling business Sky Bet has been lumped with a £1m fine from the Gambling Commission, for failing to protect vulnerable customers. The Commission found that Sky Bet’s “self-exclusion” service, which allows customers who feel they are having trouble controlling their gambling to request to be cut off, failed to work for the people who needed [...]
Government to introduce deposit return scheme for drinks bottles in England to tackle waste and improve recycling March 28, 2018 The government today confirmed plans to roll out a deposit return scheme for plastic and glass bottles so shoppers in England will have to pay extra on drinks – but will get it back if they return the container. The rate could see consumers pay as much as 22p extra in an upfront deposit when [...]
Great Ormond Street Hospital reverses decision to give back Presidents Club money March 27, 2018 Great Ormond Street Hospital (GOSH) will retain the money it was given by the scandal-hit Presidents Club. Trustees of the board officially ratified a decision today to keep £530,000 which it had originally pledged to return, Sky News reported. The children’s hospital was one of the recipients of cash raised by the club, which was [...]
Former Lloyds Banking Group boss Eric Daniels wins £1.35m in bonus legal battle March 27, 2018 Lloyds Banking Group was today ordered to pay its former chief executive £1.35m in shares after he won a legal battle against the company. Eric Daniels, who ran the lender when it was bailed out by the government in 2009 following the financial crisis, successfully claimed that he was entitled to a bonus of over [...]
Morgan Stanley, Merrill Lynch, Credit Suisse and Citigroup report gender pay gap March 27, 2018 Some of the biggest investment banks in the City have revealed major pay gaps between men and women working for their organisations. Morgan Stanley UK revealed that female employees received a wage which was 35.2 per cent lower than male counterparts on a median basis, while Bank of America Merrill Lynch and Citigroup both reported [...]
Easter Egg taste test 2018: The best luxury eggs in the UK March 27, 2018 The Easter Collection, Pierre Marcolini £135, eu.marcolini.com, 8/10 Though it’s by far the priciest ovum, it’s also the one you’ll still be eating in May. Accompanied by an army of pralines, it’s available at the Marylebone boutique and the counters at Harrods and Selfridges. • “Dark, layered, classy” • “Nice, but not all it’s cracked [...]
Launch of new routes means Easyjet is now Berlin’s largest airline March 27, 2018 Easyjet has branded itself as Berlin’s “home airline” following the launch of its largest-ever summer schedule that will see eight new routes added from Tegel airport from this summer. The low-cost airline is now Berlin’s largest with more than 16m seats flying over the year. As part of its summer schedule it has added five [...]
Deutsche Bank starts hunt for successor to John Cryan March 27, 2018 Deutsche Bank is lining up successors to its embattled boss John Cryan, according to multiple reports. Paul Achleitner, the chair of the giant German lender’s board, has held talks with potential new bosses, Bloomberg reported. Cryan has struggled to fend off criticism of the bank’s strategy from shareholders and analysts, many of whom focus on [...]