Vodafone aims to raise €2.8bn in masts stock market float March 9, 2021 Vodafone today said it is aiming to raise €2.8bn (£2.4bn) from an initial public offering of its mobile masts business later this month. The mobile network is set to float Vantage Towers in Frankfurt on or around 18 March as it looks to cash in on its lucrative infrastructure assets. It priced the listing at [...]
Banking stocks boost FTSE 100 but bond sell-off dents Nasdaq March 8, 2021 FTSE 100 starts week on high, boosted by banking stocks
The office must now sing for its supper: making the workplace about the individual, not the collective March 8, 2021 One striking feature of the pandemic has been the volume of ink spilled debating the future of the office. The huge and rapid shift to working from home for large sectors of the economy made not only individual employees but companies as well look around themselves and say, “This seems to work: should we have [...]
Share of Brits working from the office rises to pre-lockdown level, as remote working appeal fades March 5, 2021 Share of Brits working from the office rises to pre-lockdown level
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
FTSE 100 pares gains as investors split on Sunak’s Budget March 3, 2021 The FTSE 100 pared some of its gains after today’s Budget, as investors reacted to a combination of further business support and future tax hikes. Having been up 1.2 per cent by the mid-morning, London’s blue chip bourse fell back to 6,639 points, up 0.4 per cent. Read more: Budget 2021: Live news and updates [...]
Blackstone founder took home $610m during the pandemic March 2, 2021 Blackstone boss Stephen Schwarzman’s salary swelled 20 per cent last year as he took home $610m from dividends and compensation. The majority of the pay package stemmed from Schwarzman’s 19.3 per cent stake in Blackstone after the firm’s distributable earnings jumped 16 per cent year-on-year. The private equity boss received $86m in compensation with $524m [...]
18 energy suppliers pay out £10.4m for overcharging customers March 2, 2021 Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers. In total, over 1m customers were wrongly charged £7.2m for firms’ failures to correctly protect customers’ tariff prices when they decided to switch supplier or tariff. The watchdog said that most of the [...]
Barclays faces fresh shareholder showdown over fossil fuels ahead of COP26 March 2, 2021 Barclays faces a second consecutive year of shareholder pressure on its position as Europe’s largest fossil fuel financier, after a shareholder resolution has been filed for the bank’s upcoming AGM on 5 May. The resolution calls for financing and exposure to coal, oil and gas to fall in line with the Paris Agreement’s climate goals. [...]
Hedge fund tycoon Sir Chris Hohn pockets £343m in record payday March 1, 2021 Hedge fund billionaire Sir Chris Hohn paid himself £343m ($479m) last year in what is believed to be the UK’s largest ever annual pay packet. The tycoon took home the record wage after his Children’s Investment Fund (TCI) booked pre-tax profit of $695m, up from $420m the previous year. The bumper salary, paid for the [...]