EU referendum: The City must speak out to avoid a Brexit December 22, 2015 The City of London is a global financial powerhouse and the largest financial centre in Europe. It should be a significant player in the EU debate. However, while the industry is in general supportive of the UK remaining a member of the EU, direct expressions of support have been thin on the ground. City executives [...]
EasyJet recruits 1,200 new cabin crew despite challenging trading July 25, 2016 EasyJet has announced that it is going to recruit 1,200 new staff despite recently reporting on a "difficult" trading environment. The airline said it is going to recruit 1,200 new permanent and fixed-term cabin crew positions as the "airline continues to grow". Around half of these positions will be based in the UK. Read more: These companies [...]
Lord Davies review: Female directors aren’t enough for boardroom diversity, we need female executives too October 29, 2015 This morning, Lord Davies launched the final instalment of his five-year plan to address the issue of gender inequality in British boardrooms.Proudly proclaiming the end of all-male FTSE boards, with firms all meeting the voluntary target of 25 per cent female board members, Lord Davies now argues that the original target should be replaced. The [...]
Challenger bank Virgin Money replaces KPMG with PwC as auditors for 2016 October 25, 2015 Virgin Money announced on Friday that it is appointing PwC as auditor, provided shareholders approve of the move at the 2016 annual meeting. The appointment of PwC will replace the Virgin Money’s current auditors, KPMG, who have audited the bank since 2004. In Virgin Money’s notification of change of auditors, Norman McLuskie, chairman of Virgin [...]
Gender pay gap data will include bonuses October 25, 2015 Companies will be forced to reveal how much men and women get paid in the form of bonuses as part of efforts to reduce pay inequality. Businesses with more than 250 employees will have to report the gap between male and female pay under new rules expected to be introduced next year. Now, David Cameron has said [...]
CBI director-general Carolyn Fairbairn says UK businesses is still too geared to men, wants one in four senior executives to be women January 27, 2016 British businesses are still too "geared up" for men, Confederation of British Industry (CBI) director-general Carolyn Fairbairn will say this week, as she calls on firms to do more to promote women to senior leadership roles. In a speech tomorrow at City law firm Latham & Watkins, Fairbairn will say that companies need to look "beyond boards" and focus [...]
Tullow Oil’s share price rallies after Africa Oil sells its assets to Moeller-Maersk November 9, 2015 Tullow Oil's share price is leading the FTSE 350 today after its partner in parts of Africa sold stakes in some of its assets to Moeller-Maersk. In late morning trading Tullow Oil's share price was 18.56 per cent up at 258.55p per share. Maersk agreed to buy African Oil assets in Kenya and Ethiopia, with an upfront farm-in payment of $365m [...]
FTSE 100 index opens down after dovish ECB decision, led lower on tourism stocks December 4, 2015 The FTSE 100 index opened lower today, still digesting the more-dovish-than-expected decisions by the European Central Bank that left markets disappointed. The UK's top blue-chip index opened 0.45 per cent down at 6,248 points. The FTSE 100 was led lower by Whitbread, which fell 2.51 per cent to 4,587.5p per share, after it bucked yesterday's trend [...]
Three key takes from the Davies Review into women in boardrooms October 29, 2015 The eagerly-awaited Davies Review into women in boardrooms was published today, setting a new target for a third of the boards of Britain's biggest listed companies to be made up of women by the end of the decade. The target of 25 per cent of board members to be women on the FTSE 100 has been met, and FTSE [...]
UK pension schemes face £62bn rise in liabilities if interest rates stay low – JLT Employee Benefits October 26, 2015 UK private sector pension schemes could find their aggregate liabilities increase by as much as £62bn if an interest rate rise fails to materialise one year after market expectations, research by JLT Employee Benefits has revealed. If the pension consultancy firm’s predictions are correct, employers might have to find an extra £2m on average to [...]