Chief executive pay at FTSE 100 firms bounces back to pre-pandemic levels May 30, 2022 The sums paid out to chief executives at the City’s major listed firms have bounced back to pre-pandemic levels, after jumping 30 per cent over the previous year to five year highs of £3.62m. The pay packages mark a return to levels last seen before the pandemic and a 30 per cent increase on the [...]
Barclays confirms slew of branch closures as banks slash high street presence May 30, 2022 Barclays has confirmed the closure of a slew of high streets banks this month as the move to shutter branches by UK lenders speeds up.
City gender parity ‘a long way off’ as women make up under a quarter of top promotions May 30, 2022 Women made up less than a quarter of top promotions in financial services businesses in the past year in a sign the City is making slow progress towards gender parity, new data has revealed.
Vanguard doubles down on fossil fuel investment May 26, 2022 Asset management giant Vanguard will continue investing in fossil fuels firms despite its commitment to hit net zero across its portfolio by 2050, its boss has revealed.
Andreessen Horowitz looks to buck crypto crash with new $4.5bn fund May 25, 2022 US venture capital giant Andreesen Horowitz is looking to buck the crypto crash with a new $4.5bn fund that will pump cash into crypto and so-called ‘web3’ startups.
Crypto crash could threaten global financial stability, ECB warns May 24, 2022 A continued sell-off frenzy in crypto could threaten the stability of global financial markets, the European Central Bank has warned today.
Geopolitical shock: regime change in inflation and monetary policy May 24, 2022 | City Talk Globalisation is besieged on multiple fronts. Two years after the outbreak of the Covid-19 pandemic and amid growing geopolitical unrest, the decades-long disinflationary headwind has reversed. Many multinationals have taken steps to address the disruptions to their ultimately brittle global value chains. These companies are re-orienting to prioritise availability over cost-optimisation. This process manifests in [...]
UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
Traders increasingly short ‘awfully cheap’ Pound as inflation and cost-of-living crisis drive UK towards hard recession May 23, 2022 Traders are increasingly taking short positions against the Pound Sterling as the economic outlook for Britain deteriorates. Institutional investors, asset managers and other key players in the US, the world’s largest financial market, currently hold more than 128,000 short positions against the Pound, compared to just 32,000 long positions, according to the most recent figures [...]
Not Getting Enough Recognition At Work? It Might Be Time To Move May 23, 2022 If you’re feeling like you don’t get enough recognition for the work that you do, you’re not the only one. It’s just not enough to get paid at the end of the month – feedback, both positive and constructive, as well as acknowledgement of a job well done is crucial not only for employee morale, [...]