Burberry chief executive Christopher Bailey’s pay sinks to £8m June 8, 2015 Burberry chief executive Christopher Bailey earned £7.9m last year, including a £1m salary, a £1.7m bonus and £424,000 in allowances and benefits, the company said today. The remuneration package of Bailey – who is notoriously shy of the financial media – was subject to a shareholder revolt at the company's annual general meeting last year, [...]
Angela Merkel on Greece deal: Not much time left June 8, 2015 There's not much time left to get a deal on Greece, German Chancellor Angela Merkel admitted today. At a press conference following the G7 summit in Kruen, in the south of Germany, Merkel said that while Greece's creditors "want [it] to remain part of the eurozone", "there isn't much time left" to make a deal. [...]
EU referendum poll: A third of Britons would vote to leave the EU June 8, 2015 A third of Britons have said that, were a referendum held tomorrow, they would vote to leave the European Union. Read more: Will Cameron fail to achieve fundamental reform of Britain's EU membership? A poll by ComRes for the Daily Mail showed 33 per cent would leave, while 51 per cent would vote to remain [...]
If you’re late and can’t get on / Just wait – more trains will come along: The magnus opus that just won Transport for London’s poetry competition June 8, 2015 Transport for London (TfL) has announced the title of the winning poem for its etiquette poetry competition: "Avoid Unnecessary Delays. Don't Hold Open the Doors". Alright, so it's hardly Ode to a Grecian Urn – but it has a certain ring to it……. Back in February, London's transport authority requested poems for a special poster campaign, [...]
As Deutsche Bank share price jumps after bosses step down, can co-chief executives ever work? June 8, 2015 Shares in Deutsche Bank were up more than six per cent in early morning trading, after its two chief executives bowed to shareholder pressure and announced their resignations. Read more: Deutsche Bank bosses bow to pressure and quit Anshu Jain and Jurgen Fitschen had been the subject of shareholder unrest over the bank's strategy. In [...]
Turkish stocks fall as lira tumbles following election result June 8, 2015 Turkish stocks fell more than eight per cent as the market opened, after voters gave a decidedly cool reception to the AK Party, which lost its parliamentary majority in the country after 13 years. The Turkish Borsa 100 later regained some of its losses, although it was more than six per cent down in early [...]
Non-farm payroll: US jobs in biggest jump this year June 5, 2015 After weeks of disappointing economic figures, there's finally a glimmer of hope for the US economy: non-farm payroll figures out today showed the number of job openings jumped by 280,000 in May. That's up from 221,000 in April – and the best figure this year. Read more: Stephanie Flanders – Can a currency save an [...]
Hanging on the telephone: Greek Prime Minister Alexis Tsipras arranges call with Vladimir Putin June 5, 2015 As the chances of Greece ever unlocking that €7.2bn emergency loan look increasingly bleak, the country's embattled Prime Minister, Alexis Tsipras, has taken a step towards a decidedly nuclear option. The FT reported that Tsipras has arranged a call with Russian President Vladimir Putin later today. Apparently there isn't much information on what will be discussed – [...]
UK house prices: The return of cheap housing finance? Chelsea Building Society unveils the first tracker mortgage to be launched with an interest rate lower than one per cent June 5, 2015 When the sub-prime mortgage bubble burst, everyone blamed cheap borrowing – but that clearly hasn't perturbed the Chelsea Building Society, which today unveiled the first ever tracker mortgage launched with an interest rate below one per cent. To be fair, housebuyers who want to borrow under the scheme need to meet pretty stringent restrictions, including [...]
