These are the UK’s most sought after companies to work for, as revealed by LinkedIn March 21, 2018 There has been a significant rise in the number of banks and finance firms in the top 20 most sought after companies to work for in the UK, according to a new ranking out today from LinkedIn. The list is compiled through looking at the actions taken by LinkedIn’s 25m UK members, considering data such [...]
TfL pays men a fifth more than women March 19, 2018 Male employees at Transport for London (TfL) are paid a fifth more than their female colleagues, according to gender pay gap data released by the the Greater London Authority (GLA) today. Sadiq Khan said there was still a “significant” pay gap between men and women employed at City Hall, Transport for London (TfL) and the [...]
Goldman Sachs International reveals large gender pay gap as spotlight focuses on City pay disparity March 16, 2018 Goldman Sachs International has revealed it pays female employees in the UK an average of 36.4 per cent less than male colleagues as the spotlight focuses on financial services pay disparity in the City. As well as a median pay gap of 36.4 per cent, which reflects the difference between the midpoints in the ranges [...]
Mayor of London Sadiq Khan warns of London brain drain caused by steep house prices in capital March 12, 2018 Sadiq Khan fears London businesses could be hit with a “brain drain” if staff are unable to achieve their ambition of owning a home. The London mayor has warned that top bosses see the housing crisis as the primary barrier to doing business in London. In an exclusive interview with City A.M., Khan said: “The [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
Deloitte and EY partners push gender pay gaps wider March 7, 2018 Deloitte and EY today updated their gender pay gap data to include partners’ salaries for the first time, in figures which shed light on a bigger difference in earnings between men and women than previously thought. Both of the “Big Four” accountants have bigger gaps when partners’ earnings are factored in, reflecting the greater number [...]
Open banking is a test of trust for financial firms: What lenders face in their quest to win customers’ confidence March 5, 2018 Open banking, the new initiative threatening to tear up the banking rule book, has the power to revolutionise how people manage their money. For the first time, customers will be able to give companies other than their bank access to their financial data, opening retail and business banking to fresh competition and delivering more choice, [...]
Interserve share price hits new lows: But hits back by insisting refinancing has not “stumbled” and talks are proceeding on time | City A.M. February 25, 2018 Troubled support services giant Interserve has come out fighting, insisting crucial talks with banks have not “stumbled”. Interserve is trying to agree new financing terms with its syndicate of lenders after delivering a profit warning last September. In December Interserve agreed a £180m emergency financing package. The funds came after the outsourcer said in October [...]
Night Tube rollout: London Overground’s 24-hour service extends to north London on 23 February 2018 February 13, 2018 The Night Overground service is set to be extended to Canonbury and Highbury & Islington from Friday 23 February after coming to the London Overground in December. Since 15 December, there have been 24-hour services every Friday and Saturday between Dalston Junction and New Cross Gate. Whitechapel is still to be included as it waits [...]
London house prices set to fall again this year as buyers struggle to save for a deposit February 8, 2018 London house prices look set to fall again this year as would-be homeowners struggle to save for a deposit. Chartered surveys expect house prices to fall in London over the next 12 months, according to a survey released this morning by the Royal Institution of Chartered Surveyors (Rics). Last year, Nationwide recorded a 0.5 per [...]