Graduate salaries climb at fastest rate in decades despite inflationary pressures August 14, 2022 Graduate pay packets have climbed at the highest rate in decades, despite employers feeling the inflationary pinch. According to a report from the Institute of Student Employers (ISE), graduate salaries were up seven per cent on average in the past year— the sharpest rise in 20 years. On average, graduate salaries have risen two per [...]
Corporates should learn from an unlikely stand for democracy December 2, 2021 Tennis is not known for its raucous applause but perhaps some is in order for the bosses of the Women’s Tennis Association, who last night announced that they would not be hosting tournaments in China for the foreseeable future. The move is in response to ongoing concerns about the welfare of Chinese player Peng Shuai, [...]
SocGen shares tumble after new strategy sees little growth September 18, 2023 Societe Generale's shares plunged more than 9 per cent on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
SoftBank-backed Indian Uber rival Ola tables plans for $1bn IPO August 31, 2021 Indian Uber rival Ola is reportedly sitting on plans to raise up to $1bn through an initial public offering (IPO), joining a long line of high-ranking floats in the country. Currently finalising banks to advise on the fund-raise, Softbank-backed Ola is in talks with Bank of America and JP Morgan, three people familiar with the [...]
British American Tobacco appoints new chief executive as as analysts predict something’s ‘not right’ at BAT May 15, 2023 British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019. Bowles, who also joined the board in 2019, has led the maker of [...]
Onlookers expect Russia to default on £90m duo international bond repayments March 15, 2022 Onlookers are expecting Russia to default on its foreign creditors, as Moscow seeks to repay two bonds in roubles – which has fallen over 40 per cent against the dollar. It would be the first time this had occurred since the Bolshevik revolution in 1917 under Bolshevik Lenin, The Times first reported. Russia’s economy is [...]
Brits yank record £4.8bn from banks after Credit Suisse and SVB failures May 4, 2023 Brits yanked a record amount of cash out of banks in March, sparked by concerns over the health of the global financial system following the collapse of Silicon Valley Bank (SVB) and Credit Suisse, official figures out today reveal. Household deposits at UK banks shrunk £4.8bn in March, the highest monthly fall since the Bank [...]
Tesla out, Nvidia in: Where investors are putting their money June 11, 2024 Nvidia, Tesla and commodities: Victoria Scholar takes the Notebook pen to talk about the latest trends in retail investment.
S&P 500 to shed fifth of value if US tips into recession, Goldman Sachs warn July 10, 2022 Wall Street will suffer heavy losses if the US economy tips into recession, according to investment bank Goldman Sachs. The S&P 500 index, a broad measure of corporate America, will shed 19 per cent and close 2022 at 3,150 points if the American economy suffers a tough recession, Goldman said in a note to clients [...]
Office politics September 29, 2023 Tim Oldman, boss of the workplace consultancy Leesman, tells Andy Silvester the results of our grand hybrid working experiment are still very much in flux Tim Oldman, as befits a man who runs a workplace consultancy, is asked as much as you’d expect about the impact of hybrid working on employees and the economy. Those [...]