Rolling coverage of the latest economic and financial newsLatest: UK private sector growth hit six-month low in AugustFirms report big problems with staff and material shortagesEarlier:Eurozone private sector growth near 15-year high, but supply chain …
Female directors still being paid a small fraction of their male counterparts
Gender pay gap among blue-chip companies far worse than in the general population, a new report showsFemale directors at the UK’s biggest companies are still being paid a fraction of the amount their male counterparts receive, new research shows, under…
Top chief execs ‘paid more in a year than a UK worker gets in a lifetime’
Despite a fall in remuneration during the Covid pandemic, blue chip company bosses averaged £2.7m in 2020The annual pay of FTSE 100 chief executives fell during the pandemic but still equates to what a key worker would earn in a lifetime, according to …
FTSE 100 falls as miners hit by China slowdown concerns – business live
Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyoutWeak Chinese data set negative tone across Europe’s main stock marketsFTSE 100 down 0.7%, but Ultra an…
UK economic recovery speeds up in June after lockdown measures relaxed – business live
GP visits, advertising spending and reopening of hospitality venues all helped economy grow for fifth month running in JuneBREAKING: UK economy returned to growth in Q2Growth faster than expected in JuneONS: Economy is rebounding stronglyGDP up by 1% i…
Luxury watch sales surge as Britons go on spending spree with lockdown savings
Sales at UK’s biggest supplier of Rolex and Omega watches rise 43% on pre-pandemic levelsThe UK’s biggest seller of Rolex and Omega watches said sales had surged as Britons splashed lockdown savings on luxury watches and jewellery, including wedding an…
Pound at 18-month high vs euro as German investor morale takes Covid-19 hit – business live
Rolling coverage of the latest economic and financial newsLatest: Sterling highest since February 2020 vs euroGerman investor morale hit by fourth-wave fearsUS small business confidence falls amid struggle to find workersEarlier:Philip Morris shifts to…
Vectura may face takeover auction; oil hit by pandemic fears; US job openings hit record – as it happened
Rolling coverage of the latest economic and financial news, as cigarette maker Philip Morris and private equity group Carlyle battle to own UK health companyLatest: US job openings hit recordOil hit by China’s Covid-19 restrictions.Auction process loom…
Morrisons receives new £6.7bn takeover offer from private equity investors – business live
Rolling live coverage of business, economics and financial markets as group led by Fortress increases bid following shareholder criticismAsda boss resigns early after private equity-backed takeoverSurprise decline in German production amid chip shortag…
FTSE 250 hits record high amid buyout spree and factory boom – business live
Rolling live coverage as UK manufacturing PMI signals continued output growth despite supply chain strugglesHSBC profit doubles as it expands bonus pool for bankersMeggitt set to be latest UK acquisition target in £6.3bn takeoverFTSE 100 and European s…