Executive pay rises should not outstrip staff salary bumps, Aviva warns February 5, 2023 Aviva Investors has warned company directors that it would be “inappropriate” to award themselves bumper pay rises and urged them to recognise that record high inflation puts far greater pressure on the budgets of their frontline staff. In a letter to the 1,600 firms in which it has stakes, including many in London, the fund [...]
Hurt goes on for England, but will Spanish women’s football catch up at league level? August 20, 2023 And so the hurt goes on. Like other England teams before them, the Lionesses battled bravely in the Women’s World Cup final but ran aground against technically superior opponents who ruthlessly exploited their mistakes. Still, they have earned great credit along the way. Sarina Wiegman’s team had to overcome adversity before the tournament, seeing Euros [...]
‘Dark clouds’ over London’s asset managers here to stay, analysts warn January 3, 2024 London’s beleaguered asset managers may be battling against lingering “dark clouds” in the coming years as investors shift their cash into so-called alternative assets and hunt for lower cost funds, analysts have warned.
Santander says graduates no longer need a a 2:1 or higher to work at the bank January 3, 2023 Santander said that changing the minimum qualification requirements of its graduate scheme would open the programme up to 64,000 more candidates each year. Recent graduates will no longer need an upper second or first-class degree from their university to apply for the high street bank’s post-university training scheme. The Spanish bank Santander’s decision echoes similar [...]
Shares soar for Sorrell’s S4 Capital following results announcement May 5, 2022 Shares in S4 Capital soared over 15 per cent today after the firm confirmed it would be publishing its delayed results tomorrow. The news comes after Sir Martin Sorrell’s S4 stock took a battering last month after the second PwC’s auditing delay, with investors jumping to the worse case scenario conclusions. Eyebrows were first raised [...]
Advertising: Digital ad market spend slows as budgets take post-Covid reset April 26, 2023 Growth in the UK’s digital advertising market slowed in 2022 as economic headwinds continued to weigh on the market. The digital advertising market – meaning any advertising delivered through digital platforms – grew 11 per cent to £26.1bn in 2022, according to industry body IAB’s digital ad spend report. The market previously grew 41 per [...]
Ad boss Sir Martin Sorrell says S4 Capital’s results delays are unacceptable and embarrassing’ May 6, 2022 Ad industry veteran Sir Martin Sorell has said month long delay in the release of marketing firm S4 Capital’s results are “unacceptable and embarrassing,” after promising to make “significant changes” to the firm. The WPP founder decried the delays to the publication of S4 Capital’s results, after Big Four auditing firm PwC failed to sign [...]
Morrisons rescue deal for McColl’s totalled £182m May 18, 2022 Grocer Morrisons coughed up some £182m to snap up beleaguered convenience store operator McColl’s, defeating a rival bid from Asda owners the Issa brothers. The newsagent chain’s equity value was worth around £3m earlier this month while senior creditors were owed some £160m, documents from administrators PwC revealed. While the Issa’s EG Group had offered [...]
After The Body Shop, how many more household names are on the brink? February 23, 2024 The beauty retailer is far from the only big brand that could be in trouble – and businesses need to be prepared
All change: Moneysupermarket goes shopping for Ocado’s chief financial officer September 26, 2022 Moneysupermarket.com has swooped in for the Chief Financial Officer at Ocado, who will take up the same role on its board. Niall McBride will join the price comparison site subject to regulatory approval, as he leaves Ocado after having joined in 2020 during the pandemic. The former Rothschild & Co and PwC accountant will likely [...]