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Gender pay gap in the City

Women's bonuses could be half of what men receive in the City of London. Credit: Anthony Devlin/PA

Women working in the City expect to receive a bonus that's half of what is being paid to their male colleagues according to a new report. Recruitment firm Astbury Marsden found that female staff are anticipating payments of around £16,240 compared to £32,800 for men.

The gap is predicted to be even wider at senior levels, with female directors and other executives expecting an average bonus of £25,800, almost half of the £50,300 expected by their male counterparts.

The managing director of Astbury Marsden said this could be down to men filling the commission earning jobs: "The reality is that the sectors where there is a high reward culture are still male dominated with women often making up a larger proportion of the non-commission earning side of businesses such as HR or marketing.

"Trading floors for example, have a reputation for being largely a male environment and many women can be put off from applying to these types of roles."

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MPs say no Heathrow expansion unless environmental conditions are met

The Government should not give final approval to Heathrow expansion until the airport can show that it accepts and will comply with key environmental conditions. That is according to a report from MPs on the Environmental Audit Committee.

A third runway at heathrow has been a controversial topic Credit: Reuters

The report says Heathrow has to show it can have a third runway and yet reconcile this with legal air pollution limits; commit to covering the costs of surface transport improvements; commit to introducing a night flight ban; and show that an expanded Heathrow would be less noisy than a two runway Heathrow.

The purpose of this inquiry was not to reopen the debate over where extra airport capacity should be located or whether it should take place at all. It was to examine the implications of the Airports Commission’s recommendation for a third runway on climate-changing emissions, air quality and noise – and what Government and Heathrow should do about them.

– Environmental Audit Committee Chair, Huw Irranca-Davies MP

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Hamleys in advanced talks to be sold to a Chinese footwear business

Hamleys, the 255-year-old toy retailer on Regent Street, is in advanced talks to be sold to a Chinese women's footwear business for £100 million.

. Credit: PA

Hong Kong-listed C.banner International Holdings confirmed discussions with Hamleys' owner, French retailer Groupe Ludendo, have reached an advanced stage.

The Chinese shoemaker added it was:

... in the process of negotiating and finalising the definitive documentation with a view to entering in to a legally-binding agreement in the near future.

– C.banner International Holdings
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