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Recruiter PageGroup’s Quarterly Profit Slumps 13% as Hiring Remains Subdued
Date: April 15, 2024
Recruiter PageGroup’s quarterly profit slumps 13% as hiring remains subdued (Reuters) – UK’s PageGroup reported on Monday a nearly 13% drop in group gross profit in the first three months of 2024 due to slow hiring across its markets, and said job flows deteriorated toward the end of the quarter. Global recruiters have flagged persistent...
Red Hot U.S. Payrolls Pull Rug Under June Fed Rate Cut Bet
Date: April 5, 2024
Red hot U.S. payrolls pull rug under June Fed rate cut bet By Huw Jones LONDON (Reuters) -The dollar and bond yields rose on Friday after much stronger than expected growth in March U.S. payrolls sent investors scurrying to review their bets on when the Federal Reserve will cut interest rates. The U.S. Labor Department...
Greece to Raise Monthly Minimum Wage by 6.4% to 830 Euros
Date: March 29, 2024
Greece to raise monthly minimum wage by 6.4% to 830 euros ATHENS (Reuters) – Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of living. The...
Factbox-European Companies Cut Jobs as Economy Sputters
Date: March 27, 2024
Factbox-European companies cut jobs as economy sputters (Reuters) – The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some cuts announced since December: AUTOS * BOSCH: the automotive supplier on Jan. 18 said it would cut 1,200 jobs in...
UK Economy May Be Turning From Headwind Into Tailwind for Sterling
Date: March 13, 2024
UK economy may be turning from headwind into tailwind for sterling By Harry Robertson LONDON (Reuters) – UK wage data did its best to pull sterling down from a seven-month peak on Tuesday but the economy is showing enough signs of improvement to persuade investors that the Bank of England will still have to keep...
Primark to Raise UK Store Workers’ Pay by 9.1%
Date: March 11, 2024
Primark to raise UK store workers’ pay by 9.1% LONDON (Reuters) – Clothing retailer Primark said on Monday that around 27,000 staff in Britain would get an average pay increase of 9.1% from April 1, making it the latest retailer to reflect an upcoming rise in the government-mandated minimum wage. Primark is part of Associated...