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UK pay gap between CEOs and staff widens – lobby group

The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Tesla shares fall after Musk mocks SEC on Twitter

(Reuters) – Shares of Tesla Inc (TSLA.O) fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter. Read more ›

SEC sues Musk for fraud, seek to remove him from Tesla

NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he Read more ›

Column: Hedge funds, smelling Brexit blood, circle sterling

LONDON (Reuters) – Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record. FILE Read more ›

MPs criticise RBS and Barclays for online banking outages

(Reuters) – Royal Bank of Scotland (RBS.L) apologised for outages that hit its online and mobile banking services on Friday, the latest in a string of such failings at British banks which have drawn criticism from customers and members of Read more ›

COLUMN-Central banks straightjacketed by sheer scale of U.S. bond holdings: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON, Sept 21 (Reuters) – Few have flexed their muscles in the U.S. bond market over the last 15 years quite like foreign central Read more ›

S&P sector reshuffle may do little for telecom stocks

(Reuters) – The S&P 500’s three-company telecommunications services index .SPLRCL is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors. FILE Read more ›

U.S. Justice Department probes Musk statement on taking Tesla private

(Reuters) – Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric carmaker private, the latest and biggest threat to Musk and his Read more ›

UPDATE 2-Investec to hive off asset management, shares jump

* Lender says limited synergies with asset management arm * Move comes as CEO and founder Koseff departs * Unit has $143 billion under management (Adds share reaction) By Tiisetso Motsoeneng and Emma Rumney JOHANNESBURG/LONDON, Sept 14 (Reuters) – South Read more ›