Category: Business

Burberry (BRBY.L) boss Marco Gobbetti is leaving the company to return home and take the helm of Italian luxury goods group Ferragamo (SFER.MI), casting a pall over the British fashion brand’s revamp. Gobbetti has been credited with boosting Burberry’s market value by a third as he has taken the brand further upmarket. Concern that his […]

The GFG Alliance owned by commodities tycoon Sanjeev Gupta said on Monday it was progressing with a major restructuring which will allow it to pay back creditors after its main lender Greensill Capital collapsed in March. “This in turn will allow GFG to refocus its business, protect jobs and develop further its remaining assets,” it […]

UBS Group (UBSG.S) will allow most staff to mix remote working with time spent in the office, Switzerland’s biggest bank said on Monday, taking a more relaxed approach than some of its Wall Street rivals. “We are committed to offering our employees the flexibility for hybrid working where role, tasks and location allow,” UBS said. […]

Canadian aerospace firms are struggling to hire back workers to meet resurgent travel demand in the latest evidence of a post-pandemic labor crunch, industry executives said. The squeeze has emerged as a warning signal for aviation’s recovery internationally and accelerates a shift in the workforce toward fast-growth sectors like electric vehicles, they said. As suppliers […]

Telecoms bosses toasted the return of Barcelona’s Mobile World Congress on Monday with an agenda to put the industry at the centre of digital development and inclusion in a global reboot following the coronavirus pandemic. Having kept networks humming while people were locked down at home, telecoms executives said the pandemic had shown how vital […]

The European Central Bank could end its emergency stimulus scheme next March and markets may be right in not pricing in an increase in more traditional bond purchases, Austrian central bank chief Robert Holzmann said on Monday. With the pandemic now receding, analysts, including the ECB’s own Survey of Monetary Analysts, expect the 1.85 trillion […]

Banking jobs in the German financial capital of Frankfurt are on the decline despite a boost from Brexit, according to a study by German lender Helaba. Headcount at the city’s financial insitutions will drop 5% by the end of 2023 to around 62,200 people, a result of cost-cutting measures, Helaba predicts. That is 3,300 people […]