‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
**Demand for professional talent softens ahead of EU referendum but salary growth holds firm, finds ApsCo April 24, 2016 NULL
MPs urge government to fix skills gap as too much is being spent on temps and consultants April 22, 2016 A group of MPs has today raised concerns over government's apparent lack of urgency to plug the skills gap among its own ranks. A report by the Public Accounts Committee (PAC) has found that government's spending on consultants and temporary staff, who can cost twice as much as permanent workers, has slowly crept up since the Cabinet [...]
As the National Crime Agency is handed the reins on the Panama Papers taskforce, is the Serious Fraud Office on the brink? April 21, 2016 NULL
Car emissions testing scandal: Peugeot owner has become the most recent car manufacturer to have its offices raided April 21, 2016 The offices of the French car manufacturer which owns Peugeot have been raided as a global crackdown on emissions testing in the car industry rumbles on. PSA Group has issued a statement on its website to say it had been "the subject of a visit and a seizure by France's General Directorate for Competition Policy, Consumer Affairs and [...]
Who’s next for a shareholder revolt? Weir’s pay packet policy looks like it could be next on the chopping block April 21, 2016 Weir could be the next big name to face the wrath of its investors, as a substantial group of shareholders look set to vote against boardroom pay plans. Weir is right to be worried – last week, BP chief executive Bob Dudley saw his $19.6m (£13.8m) pay shot down by shareholders, while early reports peg the number [...]
Anglo American shareholders have a mini revolt, with early reports showing that just less than half voted against remuneration report April 21, 2016 Early results suggest that just less than half (41.6 per cent) of Anglo American shareholders voted down the remuneration report. Last week, ShareSoc urged shareholders to shoot down the chief executive Mark Cutifani's £3.4m pay packet. The miner also revealed that it would be reassessing its pay policy for 2017: "We will be consulting our shareholders over remuneration policy, [...]
Will HSBC shareholders kick off over who takes the helm at the bank’s AGM tomorrow? April 21, 2016 NULL
Even City bigwigs think it’s time to overhaul the pay structures used by the UK’s biggest listed firms April 21, 2016 It's not just shareholders who are showing their growing unrest at vast executive pay packets. Now some of the most influential figures in the City have spoken out against pay models that they claim are "not fit for purpose". Big names including Legal & General boss Nigel Wilson, Sainsbury chairman David Tyler and Helena Morrissey, chief [...]
Financial services watchdog reveals more information on the secondary market for annuities April 21, 2016 The financial services watchdog has today asked for feedback on its proposed rules on the second-hand market for annuities. Suggestions by the Financial Conduct Authority (FCA) include requiring brokers to set out charges up front and agree them directly with the customer, rather than receiving a commission from firms acting as buyers, and to provide [...]
Mitsubishi Motors’ offices raided a day after company admits some of its fuel efficiency tests were falsified April 21, 2016 Mitsubishi Motors' offices have been raided by the Japanese authorities today following the car manufacturer's admission that some of its fuel economy tests data had been falsified. Yesterday, Mitsubishi issued a statement saying it had discovered that fuel consumption tests for roughly 600,000 of its vehicles had been run improperly, and therefore did not meet requirements under [...]
