Women’s pay lags behind men’s in City September 6, 2009 WOMEN working in the UK’s finance industry face the highest overall gender pay gap, according to a study out today by the Equality and Human Rights Commission In a stern warning to the City, the Commission has said that it may order financial firms to publish employment data and undertake annual equal pay audits to [...]
Search on for new Experian boss September 6, 2009 Credit checking group Experian is due to appoint headhunters within the next fortnight to search out a worthy successor to chairman John Peace, who announced in July he was leaving to take up the chairmanship at Standard Chartered. Peace, who is also chairman of designer fashion house Burberry, has been acting chairman at the bank [...]
LSE eyes up Warsaw market September 6, 2009 The London Stock Exchange is mulling a takeover of the Warsaw Stock Exchange, in a move which would throw it into battle with its three biggest rivals. NYSE Euronext, Nasdaq OMX and Deutsche Borse are also considering a bid for the Polish stock exchange, which would offer the opportunity to increase market share in central [...]
Mandelson promotes UK in China September 6, 2009 Business secretary Lord Mandelson is currently leading a delegation of UK businessmen to China to forge better business relations between the two countries on a range of issues, particularly on low carbon economic development. Mandelson will meet with Chinese Premier Wen Jiabao and other senior government ministers and business organisations on the trip. “China is [...]
KDB to withhold Lehman details from liquidators September 6, 2009 KOREA Development Bank (KDB) has told the liquidators of Lehman Brothers that it will not disclose all information surrounding a potential rescue by the South Korean business, mooted prior to the US investment bank’s collapse. KDB was in negotiations with Lehman over a $6bn (£3.7bn) investment in the bank last year, but backed away from [...]
Japan’s Nomura extends hiring spree to include expansion in fixed income September 6, 2009 JAPANESE bank Nomura is to ramp up its efforts to expand internationally with a new push into the fixed income arena. The bank is this week set to unveil the appointment of eight new managing directors in London, to add to the 90 or so hires that the company has already made in Europe during [...]
Jargon’s unstoppable march into our language September 6, 2009 WHAT started as a light-hearted discussion of business buzzwords on CNBC television recently aroused such an outpouring of bile from our viewers I feel duty-bound to “on-pass the learnings.” Grammatical rules apply at all times, even to important businessmen. “Leverage” and “interface” are bad enough as nouns, but make intolerable verbs. Similarly, anyone paying attention [...]
Bischoff plots clearout of Lloyds board September 6, 2009 SIRWIN Bischoff, the new chairman of Lloyds Banking Group, is poised to make his mark with a boardroom reshuffle that will spell the end for non-executives associated with the ill-fated takeover of HBOS. Former Citigroup chair Bischoff, who officially succeeds the architect of the HBOS deal Sir Victor Blank on 15 September, is expected to [...]
BROWN SEEKSAFGHANISTAN SUPPORT September 6, 2009 PRIMEminister Gordon Brown and German chancellor Angela Merkel last night called for an international political conference on Afghanistan. The summit aims to tackle the growing public concerns in a number of Nato countries about the cost and effectiveness of the eight year long fight against the Taliban and al-Qaeda in Afghanistan. It is hoped the [...]
Mobile phone operators eye T-Mobile UK September 6, 2009 VODAFONE and Spain’s Telefonica, the owner of O2, are understood to have tabled conditional offers of around £3.5bn to buy T-Mobile UK. The sale of the Deutsche Telekom unit to either party would create the UK’s largest mobile operator – once its 16.6m customers were added to theirs – and both offers are believed to [...]
