business
Business
Weighing up the cost of the workforce readiness gap
Business
Poland’s Allegro sees earnings growing 4-7% at home in Q4
Business
Meta to introduce ads on Threads in early 2025, the Information reports
Business
Race for Japanese 7-Eleven owner heats up with founding family bid
Bank of England’s Mann sees inflation pressure keeping rates high
Date: November 13, 2024
By David Milliken LONDON (Reuters) -High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest rate-setter Catherine Mann said on Wednesday. Mann cast the lone vote against cutting borrowing costs at a meeting of the BoE’s Monetary Policy...
Retail boss calls for UK tax rises to be staggered to avoid stoking inflation
Date: November 13, 2024
LONDON (Reuters) -The new Labour government must re-think the timing of tax rises imposed in last month’s budget and instead phase them in if it wants to avoid fuelling inflation, the chairman of the British Retail Consortium said on Tuesday. The budget raised employers’ National Insurance, or social security, contributions by 1.2 percentage points to...
Sweden’s Klarna moves towards long-awaited US IPO with confidential filing
Date: November 13, 2024
(Reuters) -Payments firm Klarna began the process of going public for a second time in three years despite a sharp drop in its valuation, making it the largest Swedish company to float its shares in the U.S. since Spotify’s listing in 2018. The buy now, pay later (BNPL) company said on Tuesday it had confidentially...
Attracting, not mandating: why financial services should rethink the role of the workplace
Date: November 13, 2024
By Rob Frank, CEO EMEA of Unispace In this new reality, mandates alone will not solve the problem of getting employees to return. Employees have become accustomed to the benefits of flexible working and financial services firms must now reimagine their workplaces as magnets: spaces that draw people in by offering something unique and valuable...
UK’s SSE says CEO Phillips-Davies to retire in 2025 as profits soar
Date: November 13, 2024
By Aby Jose Koilparambil (Reuters) – British power generator and network operator SSE’s CEO Alistair Phillips-Davies will retire next year after more than a decade in the job, the company said on Wednesday, as it also posted a 26% jump in half-year profit. Shares in SSE have gained about 14% since Phillips-Davies, 57, was promoted...
Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says
Date: November 13, 2024
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated...