Goldman Sachs is removing a cap on bonuses for London-based staff, paving the way for it to resume making multimillion pound payouts to its best-performing traders and dealmakers. Sky News can exclusively reveal that the Wall Street banking giant notified its UK employees on Thursday that it had decided to abolish the existing pay ratio...
Category: Bussiness
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Digital bank Monzo expands fundraising to £500m in deal with top tech investor
Monzo, the fintech which has become one of Britain’s biggest consumer banking groups, is this weekend putting the finishing touches to an expanded fundraising involving one of the world’s best-known technology investors. Sky News has learnt that Monzo has agreed terms with Hedosophia, an early backer of Airbnb and Uber, for it to become a...
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Chubb pinpoints top concerns for high earners in the UK
Chubb pinpoints top concerns for high earners in the UK | Insurance Business UK We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy Insurance News Chubb pinpoints top concerns for high earners in the UK Building wealth continues...
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‘Big Four’ accountancy firm to get prison leavers in to work in crime-cutting drive
Top UK business KPMG joins drive to recruit prison leavers More businesses urged to join effort to plug labour shortfalls and grow economy Employment will help ex-offenders turn their back on crime and reduce reoffending Britain’s biggest businesses are being urged by the government to recruit prison leavers as part of a national campaign, supported...
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National press ABCs: Mail on Sunday falls below 600,000 mark in March
Mail on Sunday Kate front page in March 2024 The Mail on Sunday’s average print circulation fell below 600,000 in March, according to ABC. The Sunday newspaper’s circulation fell by 1% compared to February and 10% versus March 2023, reaching 594,414. The Mail on Sunday’s circulation is now about half of where it was in...
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World risks ‘tepid Twenties’ as debt levels and inflation soar, warns IMF
The world is at risk of a “sluggish and disappointing decade”, the head of the International Monetary Fund has warned, while urging vigilance to restore price stability and jumpstart economic growth. Kristalina Georgieva, managing director of the IMF, said: “Without a course correction, we are … heading for the Tepid Twenties”. She urged governments to...
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UK news media rich list 2024: 60 highest-earning execs revealed
Clockwise from top left: DMGT CEO and chairman, Lord Rothermere; ITV CEO Carolyn McCall; FT CEO John Ridding; Reach CEO Jim Mullen As UK media pay is again under the spotlight with STV the latest outlet to strike over salaries and National World journalists considering their new pay offer, Press Gazette has updated its ranking...
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Top 50 news websites in the US: People, USA Today and New York Times see double-digit annual growth Top 50
Webpages of the New York Times, Common Crawl, OpenAI, and Microsoft are seen on a computer. Picture: Shutterstock/Tada Images Celebrity newsbrand People was the fastest-growing news website in the US in March according to Press Gazette’s latest ranking. Top 50 most popular news websites in the UK (monthly ranking) Top 50 most popular news websites...
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7 Biggest Small Business Challenges For 2024 – Startups.co.uk
Spring has sprung but small firms remain snowed under. Labour shortages, limited funding, and the threat of a recession are just a few of the challenges, and the small business statistics are sobering: nearly 30,000 firms will fail in 2024; the most in two decades. Diagnosis is the first step to recovery. By identifying the...
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Trump’s wealth surges by $5.5bn as Truth Social starts trading
Donald Trump has entered the ranks of the world’s 500 richest people after shares in his social media company surged on their Wall Street debut. Shares in Trump Media and Technology Group (TMTG), the entity behind Mr Trump’s Twitter rival Truth Social, rose by more than 50pc at one point after it arrived on the...
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UK economy to ‘bounce back’ in 2024, says Sunak
20 March 2024 By Faisal Islam & Michael Race,Economics editor & business reporter Watch: Sunak challenged on 2024 being ‘bounce back’ year This year will “prove to be the year that the economy bounces back”, Rishi Sunak has told the BBC after figures showed inflation fell to its lowest level in almost two and half...
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Premier League shelves New Deal vote amid club stalemate
The Premier League has failed to secure agreement for a new financial settlement for English football amid a continued stalemate between its clubs. Sky News has learnt that a planned vote at a shareholder meeting on Monday afternoon was scrapped after it became clear it would not win support from the required majority of 14...