Barclays is proposing to cut its chief executive’s fixed salary each year as part of an overhaul of its pay package that will cap his maximum salary at just over £14 million. Sky News has learned that Barclays has written to its major shareholders this week to inform them of detailed proposals that would change … Read more
Klarna investors have been asked to indicate their interest in selling their shares by the start of next month, which also indicates that the Buy Now Pay Later (BNPL) giant is set to launch a listing on the United States, valuing it at around $20 billion. Sky News has learned that shareholders in one of … Read more
HARARE, ZIMBABWE — When Tanya moved to Ireland to work in the healthcare sector in 2022, she was sure of three things: Her family would soon join her. Her husband would find work. And his children would go to a good school. At first, his movement went smoothly. Visas and permits were no problem. But … Read more
Chancellor Rachel Reeves has indicated she will ignore environmental objections to a third landing strip at Heathrow to prioritize economic growth, a stance likely to put her at odds with colleagues including the Home Secretary. energy, Ed Miliband. Speaking as she began a 48-hour speech to international investors at the World Economic Forum in Davos, … Read more
River Island, the privately owned fashion retailer, is preparing to exercise tighter control over its cost base as the general public faces the prospect of big tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has brought in AlixPartners to work on a cost-cutting and profit-improving exercise … Read more
The chairman of the British competition regulator has been dismissed by the government, in a context of promoting growth. Marcus Bokkerink, the head of the Competition and Markets Authority (CMA), has been dismissed from his post by the company secretary. Chancellor Rachel Reeves met with regulators last week to impress upon them the central role … Read more
There has been an acceleration in the rate of wage growth but an increase in the unemployment rate following a sharp fall in the number of salaried employees, according to the latest official figures. The Office for National Statistics (ONS) reported that basic pay excluding bonuses and average weekly earnings increased at an annual rate … Read more
One of the things that made President Donald Trump’s inauguration distinctive was the prominence of Silicon Valley’s elite. The three richest men in the world were easily identifiable: Elon Musk, Jeff Bezos And Mark Zuckerberg. And that’s not to mention some billionaires who are not placed directly in view of the cameras. When you add … Read more
Companies are offering their employees days off, gift vouchers or access to interest-free loans to help them cope with “Blue Monday”. Today – the third Monday in January – is considered the most depressing day of the year, with people feeling the pinch of a very long period between payday, culminating with the end of … Read more
Asda’s private equity fund has reached an agreement to acquire a majority stake in a group specializing in supporting British SMEs. Sky News has learned that TDR Capital has agreed to acquire a majority stake in CorpAcq, less than six months after the so-called “corporate compounder” aborted a US listing deal. City sources said this … Read more