Market Buzz
Friday newspaper round-up: City bankers, Amazon, Rolls-Royce
More than 4,000 City-based bank workers were paid more than €1m (£850,000) in 2015 – including one fund manager who received nearly €34m. New data from the European Banking Authority, a pan-European regulator, showed that 80% of the EU financiers classified as high earners – those receiving more than €1m a year – were based in the UK. – Guardian.
Thursday newspaper round-up: Deutsche Boerse, Facebook, Tesco
German authorities have opened a probe into share dealing by Deutsche Börse group head Carsten Kengeter shortly before the announcement of the market’s planned merger with the London Stock Exchange. The inquiry centres on the acquisition by Kengeter of Deutsche Börse shares worth about €4. 5m (£3. 8m) on 14 December 2015, a bourse spokesman told AFP on Wednesday. – Guardian.
Wednesday newspaper round-up: living standards, UK growth, Co-op Bank
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister. The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.