Sainsbury’s is hiring 150 digital and technology experts to help improve its online store as it finalises the buyout of Argos.
Sir Martin Sorrell, the chief executive and founder of advertising giant WPP, has launched a passionate defence of his controversial £63m bonus deal in the wake of last week’s explosive start to the annual general meeting season.
The world’s biggest oil producers will huddle in Doha on Sunday in a rare off-scheduled meeting where discussion about what they can do to staunch the continued global surplus of crude oil that’s weighed on prices for nearly two years.
Banks, miners, energy groups and building materials specialists are among companies in shareholders’ sights as discontent mounts over exorbitant pay deals for boardroom bosses.
Michael Saunders has a reputation as a hawk, who in recent years believed the economy to be in rude health and in need of higher interest rates to suppress inflationary pressures.
The firm recently began dismissing more support staff and is increasingly rejecting bankers’ spending on airfare, hotels and entertainment unless it directly serves clients.
A vulnerable sector ?
Traders are amongst the best paid finance professionals.
Bank of America sees more room for cost cuts after bigger-than expected reductions in the first quarter helped blunt declines in profit and revenue, sending the stock higher for a fifth straight day.
Rick Stoddard has been named Bank of America's new head of global capital commitments, according to a memo seen by Reuters.
Jeremy Corbyn called on Labour MPs to “end the trench warfare” and get behind a socialist vision for Britain under which he would allow councils to borrow more, raise taxes on business to fund education and suspend arms sales to Saudi Arabia.
Taking on more bodies.
Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.