Gender pay rule gets lukewarm City reception: Focus should be on getting “more women into senior executive positions” July 14, 2015 The government's plan for companies to reveal pay differences between men and women received cautious backing from the business world yesterday, yet critics insist it will not improve equality in the workplace. Feelings from major City firms were mixed after David Cameron announced that large companies will be required to hand over data on [...]
Barclays is still months from hiring new chief executive after Antony Jenkins sacking July 14, 2015 Barclays, which abruptly sacked chief executive Antony Jenkins last Wednesday, might have to wait six months for a permanent replacement. The bank’s deputy chairman Sir Mike Rake told City A.M. yesterday: “We will take the time to find the person with the right level of experience. It will take a few months, but we would [...]
Iran deal shakes up oil market as sector prepares for end of sanctions and new supply July 14, 2015 Iran has finally reached an agreement with Western negotiators over its nuclear programme, following years of discussions. The deal will see Iran limit its capacity to build a nuclear bomb, in exchange for the lifting of economic sanctions on the country, including restrictions on its oil and gas industry. The price of oil dipped again [...]
Pluto reveals its heart in fly-by photo July 14, 2015 SCIENTISTS literally jumped for joy (right) yesterday as Nasa’s New Horizons spacecraft ended a 3bn-mile, almost 10-year journey to reach Pluto and take pictures from only 476,000 miles away. Pluto – controversially demoted to “minor planet” in 2006 – thrilled viewers with its 1,000 mile wide “heart”.
Strong UK job market boosts profit for recruiter Michael Page July 14, 2015 A booming British jobs market has raised the earnings of recruiter Michael Page. Over the first half of the year its UK gross profit was 12 per cent higher compared with the same period last year, the company said yesterday. “The market has been consistently strong all year, with good levels of demand and candidate [...]
HSBC talks sweet amid rumours of a soured Apple July 14, 2015 SORTING out who’s in and who’s out on the first day of the launch of Apple’s contactless payment system proved a tricky business. On Apple’s website recently, seven companies were trumpeted as launch partners, among them banking giant HSBC. But fast-forward to the official launch day yesterday and it would appear everyone on the original [...]
Bankers in big drive for charity July 14, 2015 Financiers from JP Morgan, Standard Chartered, CME Group and BBVA go head-to-head today in what must be the cushiest charity event of the year; a round of golf in Buckinghamshire. The Financial Markets Association is holding an all-day tournament for children’s charity Variety Club’s bus and coach appeal. Let’s hope they putt in lots of [...]
FirstGroup off track after UK franchise losses and drop in oil prices July 14, 2015 Rail and bus company FirstGroup has warned its revenue is likely to disappoint in the year ahead after the loss of key UK contracts while low oil prices hit business in North America. Its UK rail division recorded like-for-like passenger revenue growth of 6.3 per cent in the three months ending 30 June. But it said [...]
Hunting law shot down after SNP reneges on English deal July 14, 2015 LEADER of the Scottish National Party (SNP) Nicola Sturgeon yesterday signalled a change of heart on her vow to keep her party from voting on English-only laws, after forcing David Cameron to back down from a vote on hunting laws south of the border. While Conservative MPs had been given a free vote on proposals [...]
Davies swaps take offs for turnarounds July 14, 2015 SIR HOWARD Davies, erstwhile chair of the Airports Commission who had to put off his appointment to the board of Royal Bank of Scotland (RBS) to put out his final report, takes up his position with immediate effect, the bank said yesterday. RBS said Davies will join as a non-executive director now, taking up his role [...]
