Long-term policies more than falling oil prices are needed for sustainable wage growth business groups tell Cameron January 17, 2015 Long-term solutions rather than the short-term gains from falling oil prices are needed to boost wages, business groups have said. David Cameron urged businesses to pass on the benefits of falling oil prices to staff through higher wages on his visit to Washington yesterday. Business groups have responded saying lower oil prices are already creating [...]
Cameron tells business to pass on falling oil price benefits to staff through higher wages January 17, 2015 Businesses reaping the rewards of plummeting oil prices have been urged to pass on the savings to staff in the form of higher pay by David Cameron. Asked about the matter on a visit to Washington, the Prime Minister told reporters: "Obviously I want to see companies’ success passed through in terms of wage increases. [...]
Investment banking bonuses up this year but traders see pay slip January 14, 2015 Senior dealmakers at investment banks expect to see their bonuses rise by as much as £40,000 this awards season, according to data out today from Emolument.com. But equities bankers will see payouts stay flat, and fixed income, currencies and commodities traders will see pay dip. Junior origination and advisory staff expect average bonuses of £45,000 [...]
Harriet Green lost out on final bonus before Thomas Cook exit January 13, 2015 Former Thomas Cook chief executive Harriet Green saw her pay packet plummet by 73 per cent in her final year in the job after coming up short of her targets, it came to light yesterday. Before her high-profile exit from Thomas Cook in November, Green was unable to pick up her bonus for the 2014, [...]
Baker boss lands a big one in bonus sale January 13, 2015 TED BAKER founder Ray Kelvin has cashed in on £4.65m worth of company stock, given to him as a bonus for reaching targets, the company revealed yesterday. Shares in the fashion brand are narrowly higher than at this point one year ago.
After new City salaries rose by 18 per cent in 2014, will 2015 be another good year for pay? January 12, 2015 Hakan Enver is operations director at Morgan McKinley, says Yes Salaries and bonuses have risen at a rate that we have not seen since before the start of the financial crisis, with average increases for middle and back office staff over the past year standing at 18 per cent. We predict that, over the next [...]
City salaries rise 18pc as demand for new recruits intensifies in London’s finance sector January 12, 2015 New salaries in London's financial services sector went up significantly in 2014, as demand for skilled workers increased. On average, those offered new jobs in the City secured pay 18 per cent higher than in the previous year, according to data released today by Morgan McKinley. The recruitment firm's figures show that even in [...]
Fat Cat Tuesday: Top bosses have already earned a year’s salary in 2015, just two days into the working year January 6, 2015 Top business bosses have already earned a year’s salary in 2015 on the day dubbed “Fat Cat Tuesday”. Just two days into the new working year, while most workers are still emerging blinking into the grey daylight, weighed down by mince pies after the Christmas break, business chiefs will already have earned a massive £27,200. [...]
Ed Miliband accuses British businesses of recruiting workers at “slave wages” January 5, 2015 Labour leader Ed Miliband has kicked off his party's election campaign with a major speech in Manchester setting out his party's offer to the British people. Miliband tackled many themes of his leadership, including the cost of living and the NHS. He also didn't make the mistake of forgetting to mention the deficit or immigration [...]
Business predicts 2015: UK wages to rise, Eurozone will avoid deflation and HS2 could be scrapped January 1, 2015 If 2014 was eventful in business, politics and the economy, this year is sure to prove just as eventful. A UK general election, geopolitical crisis, Eurozone woes and candidates putting themselves forward for the race to the White House will leave no shortage of news. With this in mind the influential business group the Institute [...]