Hints and tips:
...P&O owes the largest proportion of the £1.25bn scheme’s overall £96mn deficit, but has not made any voluntary contributions since its acquisition in 2006 by logistics business DP World, majority-owned by...
...The annual immigration health surcharge — a mandatory levy to fund NHS access for migrants, which has been frozen since 2020 — would increase 66 per cent to £1,035....
...Investors were very, very excited by all this news and the S&P 500 jumped by 1.4 per cent. We’ll get even more monetary policy news soon....
...But S&P expects prices to rise just 0.5 per cent this holiday season, compared with the “blistering” retail inflation of 6.1 per cent seen in 2022....
...You just spent 18 months finding John Doe to fill that job gap; you’re not going to rush to fire him in this downturn....
...Upcoming highlights this week include Maggie O’Farrell, Michael Morpurgo, Abi Elphinstone, Louise Minchin and Peter Stothard. On until October 1....
...The deficit figure for the P&O Ferries UK pension fund has been corrected since publication to £16mn. John Ralfe is an independent pension consultant. Twitter: @johnralfe1...
...Five more stories in the news 1....
...In equity markets, Wall Street’s benchmark S&P 500 closed 0.4 per cent lower, while the tech-heavy Nasdaq Composite gave up 1.1 per cent....
...Now the Dubai company’s UK relations have been plunged into crisis after its P&O ferries business berthed all its ships and summarily fired 800 British-based sailors....
...DP World, a container and logistics group, bought P&O Ferries for £322mn in 2019. It fired 1,100 workers early in 2020 as the pandemic struck....
...John O’Toole, global head of multi-asset investment solutions at Amundi, Europe’s largest asset manager, also says the past year has comprehensively shaken up how he looks at bonds....
...Wall Street’s benchmark S&P 500 index slid 2.1 per cent, its most severe one-day fall since mid-June....
...Sarah O’Connor explores. Do human resources departments exist to protect employees or the company? Listen to the new Working It podcast....
...The garment gained 300 per cent between its 1999 sale for $1.26mn and its 2016 sale for $4.8mn. The S&P 500 index gained a relatively meagre 138 per cent over the same period....
...Although O’Hanley is widely respected in the industry, SSGA is growing more slowly than many of its main rivals, leading O’Hanley to look for acquisitions to bulk up....
...DP World, the Dubai-based parent of P&O Ferries, which attracted opprobrium for its mass sacking of crew members, hit record profits of $721mn in the first half of the year, thanks to a strong performance...
...He has been acting as interim chief since the death of CEO and chair John Visentin in June....
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...Here’s the rest of the day’s news — Gordon Five more stories in the news 1....
...Morten O. Ravn: Hopefully not....
...In a recent column for the FT, she argued that this legal change could have avoided this year’s debacle at P&O Ferries, which sacked nearly 800 workers to replace them with cheaper agency staff....
...O’Toole, head of multi-asset fund solutions at Amundi....
...We had reporters at Chicago’s O’Hare International Airport, New York’s John F Kennedy International Airport and London Heathrow....
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
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