Women are less likely to receive bonuses than men, Glassdoor survey reveals October 16, 2015 Women are less likely to receive bonuses than men, according to damning new findings from employment firm Glassdoor. Under a third of women employees (29 per cent) receive any kind of bonus, as opposed to 44 per cent of men, according to the Glassdoor UK Employment Confidence Survey. In addition, 37 per cent of women [...]
Christopher Bailey’s sky high pay is hard to justify as Burberry’s profits sink October 16, 2015 Burberry, the luxury fashion brand popular with Romeo Beckham and Yanis Varoufakis, must be getting pretty bored with criticism over the size of its executives’ pack packages. Annual eight-figure payments to former boss Angela Ahrendts attracted attention in the wake of the global financial crisis, while current chief Christopher Bailey faced a shareholder revolt before [...]
How Winterflood’s founder went from Freemason to gangster October 15, 2015 Winterflood Securities founder Brian Winterflood has had one hell of a year. The brokerage’s top dog is well-known in the City for his love of unusual and dangerous holidays, but last year’s trip to the North Pole with wife Doreen left more than a lasting impression on the couple. “It was on my bucket list,” the [...]
National Grid prepares for extra power demand as UK faces highest risk of blackouts in nine years October 15, 2015 National Grid said it is more likely to bring extra power online this winter, as the country faces its highest risk of blackouts in almost a decade. In its Winter Outlook report, the network operator confirmed that the reserve margin – the buffer of extra energy supply compared to demand – would narrow to 1.2 per [...]
H&M sales rise by 12 per cent in first three weeks of September after weather hit August numbers October 15, 2015 Swedish clothing retailer Hennes and Mauritz (H&M) yesterday reported an 11 per cent jump in sales in September compared with the same month last year. The world’s second-biggest fashion retailer said sales in the first 22 days of September rose 12 per cent, as the weather in many of its large European markets returned to [...]
Repsol share price tumbles as Spanish firm reveals plans for £4.6bn asset sale October 15, 2015 Repsol's plan to sell €6.2bn (£4.6bn) of assets to reduce its unwieldy debt pile and keep investors happy was met with scepticism by the industry today, with questions over the viability of the oil giant's strategy. The Spanish firm's shares saw a turbulent day of trading, plunging over four per cent in the afternoon after a [...]
Man Group share price jumps five per cent despite firm’s cautious outlook after Chinese market crash October 15, 2015 Asset manager Man Group yesterday gave a cautious forward outlook due to the challenging macro environment, despite reporting net inflows for the first time this year. The FTSE 100-quoted firm saw net inflows of $1.4bn (£907m) in the third quarter, beating analysts’ expectations, thanks to a stronger performance in its algorithm-based trading funds and its discretionary [...]
Treasury backs down on controversial guilty until proven innocent rule for bankers October 15, 2015 The Treasury has U-turned on its controversial plans for a so-called “reverse burden of proof”, which would have demanded that bankers prove they were unaware of any wrongdoing at their institutions, or else face prosecution. The heavily-trailed rules, part of a proposed new Senior Managers & Certification regime, would have imposed a guilty until proven innocent burden [...]
London set to maintain reputation as global divorce capital after landmark ruling October 15, 2015 London is set to maintain its cosy reputation as the divorce capital of the world after yesterday's Supreme Court ruling, which gives divorcees the right to go back to the negotiating table if their ex has lied about or hidden their wealth. The highest court in the land has backed Alison Sharland and Varsha Gohil, [...]
TfL: Union bosses continue to hold London back when it comes to the Night Tube – that’s why we’re cutting them out of talks October 15, 2015 When we announced our intention to run the Tube all night at weekends, Londoners and visitors rightly started to contemplate how much easier it would make their lives. No missing the last train home after a night out, no wandering around an unfamiliar part of town at night trying to hail a cab, much easier [...]
