UK CEO pay exceeds average worker salary for the year

Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1 p.m. London time on Thursday, according to estimates from the High Pay Centre think tank. The … Read more

Stoxx 600 gains, S&P 500 chases high

LONDON — European stocks started the final session of 2023 higher, marking a positive end to a solid year. The regional Stoxx 600 index was up 0.18% shortly after the open, with all sectors in the green except oil and gas, which slipped 0.2%. Thin trade is expected, while London markets close early. The blue-chip … Read more

Global stocks search for new highs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 13, 2023. Staff | Reuters LONDON — European stocks nudged higher on Thursday as global markets search for new record highs to close out the year. The pan-European Stoxx 600 index was up 0.3% in early trade, with … Read more

Stock Markets: Inflation mission accomplished?

A customer shops for milk at a grocery store on December 12, 2023 in San Anselmo, California.  Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more

UK inflation slide fuels rate cut bets and jolts markets

LONDON, UK – Sept. 2021: People seen dining outdoors in Soho in London in September 2021. SOPA Images | LightRocket | Getty Images LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the lowest annual reading since September 2021. Economists polled by Reuters had expected a modest decline … Read more

Standard Chartered shares slide 12% as China losses hit earnings

Standard Chartered shares slid Thursday as the bank’s big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade. The stock was around 10% lower by 11:15 a.m. London time. The U.K.-headquartered … Read more

As Arm shuns London, tech buyers query UK as an IPO vacation spot

Billionaire Masayoshi Son, chairman and chief govt officer of SoftBank Group Corp., speaks in entrance of a display screen displaying the ARM Holdings emblem throughout a information convention in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Photographs The U.Okay. could also be an amazing place to construct a tech firm — … Read more