Trading giant Robinhood makes its UK debut in Revolut challenge November 20, 2019 US fintech Robinhood, a commission-free trading startup valued at $7.6bn (£5.9bn), has today arrived in the UK. The firm’s stock trading service is making its international debut, in a direct challenge to established British rivals Freetrade and Revolut. Robinhood will today roll out the waiting list for its popular app to UK investors, with a [...]
Burberry investors give company a slap on the wrist over directors’ remuneration report July 12, 2018 Burberry had its wrists slapped by investors today as a handful voted against its remuneration report at the company's annual meeting. Over 10 per cent of investors voted against the company's annual pay report for its directors for the year ending 31 March 2018. A far higher proportion of shareholders voted against directors' pay last [...]
More than 200,000 UK workers get Christmas pay rise in line with real living wage November 11, 2019 More than 200,000 employees from major UK companies are set for a pre-Christmas pay rise thanks to the “real living wage” campaign. Businesses signed up to the campaign will raise its London employees’ hourly wages by 20p to £10.75. Read more: Sajid Javid promises to increase nationa living wage to £10.50 Meanwhile, the hourly rate [...]
EY partners set to take pay cut after growth slows November 19, 2019 EY UK partners are set to take a pay cut this year after the audit firm today announced anaemic revenue growth of 1.5 per cent. Average partner pay for the year ended 30 June slipped to £679,000 from £693,000 the previous year. The firm said investments in tech and audit quality and an increase in [...]
Former Apple retail head Angela Ahrendts appointed to Airbnb’s board May 16, 2019 Airbnb has beefed up its board of directors with the appointment of Angela Ahrendts, former head of retail at Apple. Ahrendts, who is also a former chief executive of luxury fashion house Burberry, will become an independent board member alongside ex-American Express boss Ken Chenault and former Pixar finance chief Ann Mather. She resigned from Apple [...]
City Moves for 11 October – Who’s switching jobs at Leo Burnett, Badi and Refinitiv? October 11, 2019 Today’s City Moves includes Leo Burnett, Badi and Refinitiv Leo Burnett Advertising firm Leo Burnett’s London office has appointed Carly Avener as managing director. In her new role, Carly will be responsible for the day-to-day running and operations of the agency. She will be working with the company’s existing clients such as Iceland, McDonald’s, Betfair [...]
Don’t turn BBC reform into a political football February 7, 2020 Move over Brexit, there’s a new B-word battle: over the fate of the BBC. Dominic Cummings, the Prime Minister’s chief adviser, has had the broadcaster in his sights for some time, with reports from his think tank in 2004 suggesting axing it altogether. Opening shots were fired after December’s election, when Cummings imposed a ministerial [...]
British luxury fashion sales break £5bn barrier July 15, 2019 The British luxury fashion industry saw sales break through the £5bn barrier in the past year, driven by the rising popularity of newer, younger brands. Sales hit £5.25bn as designer brands established after 1990, such as Lulu Guinness and Stella McCartney, saw average turnover growth of seven per cent. Read more: Private equity firm buys [...]
FTSE 100 shoots back up after Bank of England slashes rates over coronavirus March 19, 2020 The UK’s FTSE 100 managed to climb this afternoon after the Bank of England announced £200bn of quantitative easing and slashed interest rates close to zero. European stocks also turned green, having been mired in the red despite the European Central Bank (ECB) announcing a €750bn (£700bn) asset purchase programme to deal with the coronavirus [...]
Two women who quit their city jobs to set up floral design studio Grandirosa December 16, 2019 Inside the hustle and bustle of The Ned, I eventually find Lil Caldwell and Mary Wood tucked away in the comparatively quiet Library Bar. The co-founders of floral design studio Grandirosa are sat on cosy sofas, and Wood, who is currently on maternity leave, has her sleepy three-month-old baby in her arms. Judging by the [...]