US income gap widens between staff and management as executives report record earnings April 4, 2022 The US income gap between staff and management has widened this year, after executives reported record earnings over the last 12 months. According to information supplier ISS Company Options, more than half of S&P companies, the median pay for a chief executive went up from $13.5m in 2020 to$14.2m last year, the Financial Times reported. [...]
BrewDog chairman picks row with HR adviser over employee platform April 4, 2022 BrewDog’s chairman Allan Leighton picked a row with the HR firm brought in to improve relations between staff and management. Leighton accused consultant Hand & Heart of “amplifying attacks” on the management team, after the HR firm set up a platform where BrewDog workers could submit their feedback regarding the company. In a letter to [...]
As we cosy up to Qatar, the West must face the moral maze of the Middle East April 4, 2022 Last month I wrote about the prospect of Dubai challenging London’s place as a great global financial centre. But Britain’s delicate dance with the Middle East does not end there. The emerging relationship between Europe and the United States on the one hand and the oil-rich emirate of Qatar on the other poses a multitude [...]
Value of serviced office providers’ portfolios drops £1.4bn after Covid April 4, 2022 Goliaths in the office space sector have taken their first hit as the value of their property portfolios has dropped. The value of the largest serviced office providers’ estates have fallen to £24.3bn from £25.7bn in the previous year, according to law firm Boodle Hatfield. Since 2017, the value of office space providers has leaped [...]
Raising a toast: Beer sales return to pre-pandemic glory as pub goers ditch wine and spirits April 4, 2022 Beer sales have brewed a comeback with 1.1bn more pints sold last year than in 2020. Some 4.6bn litres of beer was sold in 2021, up 13 per cent on 2020. Lockdown drinkers opted for spirits, causing beer sales to plummet, but pints regained popularity when pubs reopened. Wine and spirits saw a drop of [...]
A fifth of Brits own crypto after ‘transformational’ year, study finds April 4, 2022 Almost a fifth of Brits own crypto currency following an explosion of interest in the crypto space last year, fresh figures reveal.
Hospitality venues receive less than half of £635m Omicron support package April 4, 2022 Hospitality businesses in England received less than half of a £635m support package promised at the end of last year to make up for Omicron cancellations. Just £305m was paid out less than three weeks before the final cut off, analysis by the Altus Group revealed. The Treasury had announced one-off grants worth up to [...]
Impact investing has the power to create social change, but we need to measure it April 4, 2022 As our world faces a myriad of environmental, social and geo-political challenges, there can be little doubt that radical changes must be made to ensure a sustainable and equitable future for generations to come. The UN’s latest report on climate change sends a stark warning: we have passed the point of no return. We must [...]
Mindset shift may be needed to embrace the riskiest but most rewarding new ideas April 4, 2022 Since the UK’s departure from the European Union, we have not been shy of reviews into the future of the City of London – and how to ensure the Square Mile is the most competitive financial centre in the world. Chief amongst those are the Hill Review into listing rules, and the Kalifa review into [...]
Fintech was born out of the 2008 crisis: now it will help us navigate another storm April 4, 2022 In the aftermath of the 2008 financial crash, the financial services industry was in crisis. Silver linings were hard to come by. That period of turmoil led to the emergence of a new wave of financial innovation that would transform the industry and drive a fintech revolution. The crisis created opportunities for new companies to [...]
