Gender pay gap latest: Companies flock to report pay ahead of midnight deadline

The government has not revealed what measures it will take against firms that do not report pay gap data
Companies are rushing to publish their gender pay gaps today, as the deadline to report looms.
Public and private sector employers with 250 employees or more are required to reveal by midnight on Wednesday how much more or less male staff are paid compared with female staff.
By the government’s estimates, this applies to around 9,000 organisations. By mid-morning on deadline day, more than 9080 firms had reported, with more than 200 of those publishing between 8am and 10.30am.
Read more True scale of gender pay gap at UK's large firms set to be revealed However, it is unclear so far what actions the government is prepared to take if companies do not meet the deadline.
Baroness Susan Williams, the equalities minister, said this morning that the EHRC has “powers to make (firms) produce an action plan about complying”.
“ If they don’t comply there is recourse to the co..

Peppa Pig's march into Asia boosts Entertainment One revenues

Entertainment One warns that the collapse of Toys R Us will have “some impact” on brands like Peppa Pig as kids scramble for toys
Peppa Pig is beefing up the revenues of TV and film company Entertainment One as its popularity expands in global markets.
In its latest trading update, Entertainment One said it expects revenue from its family division, which includes its most popular children’s animations, to rise by 50 per cent in the year ending 31 March.
Strong growth in the firm's family division offset a lower than expected performance in its film unit.

Read more Spotify sees big Wall Street debut amid tech sector turmoil Helped by “significant interest in China”, Peppa Pig is expected to grow full year revenues by 18 per cent.
The cartoon character has already generated more than 45 billion views on Chinese video platforms and made its debut in Japan last October.
Entertainment One warned that the collapse of retailer Toys R Us will have “some impact” on brands like P..

UK construction suffers biggest drop in activity since Brexit vote due to snow disruption in March

The latest Purchasing Managers’ Index for the sector came in at 47, down from 51.4 in February and below the 50 point that separates expansion from contraction
The UK construction industry suffered its biggest drop in activity since the 2016 Brexit vote in March thanks to severe weather disruption due to the “Beast from the East”.
The latest Purchasing Managers’ Index for the sector came in at 47, down from 51.4 in February and below the 50 point that separates expansion from contraction.
Read more UK construction output falls at fastest rate in six years UK construction ‘flat as pancake’ in February Over 300 Carillion workers made redundant as fallout worsens City of London analysts had pencilled in a reading of 50.8.
Civil engineering saw its biggest drop in activity in five years. Commercial construction also fell sharply. Housebuilding, however, fared better in the month.
“Snow-related disruption was a key factor behind the marked decline in activity on site reported by sur..

Children understand the value of money by age of 10, survey finds

Nearly a third of parents wish their own parents had taught them the importance of saving when they were young
Parents believe their children understand the value of money at 10 years old on average, a survey has found.
This is the age they stop believing money is infinite, that it must be earned, and it is important to save, according to the research from Santander.
While the average age across the survey for parents thinking their child had grasped how money works was 10, one in 14 (7 per cent) parents believed their child had understood the concept of money by the age of five.
Read more True scale of gender pay gap at UK's large firms set to be revealed The survey, which included the views of five to 15-year-olds as well as parents, found nearly nine in 10 (89 per cent) of boys said they like to save money for the future, compared with just over three-quarters (77 per cent) of girls.
When children were asked why they like to save money, nearly half (47 per cent) want to..

WPP boss Sir Martin Sorrell under investigation over personal misconduct allegations

Advertising boss known for huge salary is under investigation
Advertising giant WPP has appointed lawyers to lead an independent investigation into an allegation of personal misconduct by Sir Martin Sorrell, the firm’s chief executive.
Shares in the group dropped more than 2 per cent in early trading.
The Wall Street Journal, which first reported the investigation, said WPP's board was examining whether Sir Martin had misused company assets, citing unnamed sources.
Read more WPP's spin kings tell it like it is in wake of grim results The group said the investigation is ongoing, and the allegations “do not involve amounts which are material to WPP”.
In a statement, Sir Martin said: “Reports in the media have stated that WPP is investigating an allegation of financial impropriety by me, specifically as to the use of company funds.
“This allegation is being investigated by a law firm. I reject the allegation unreservedly but recognise that the company has to investig..

Several Wounded in Shooting at YouTube Headquarters; Police Say Female Suspect Is Dead

Several Wounded in Shooting at YouTube Headquarters; Police Say Female Suspect Is Dead Photo Police in San Bruno, Calif., responding to reports of an active shooter near YouTube’s headquarters on Tuesday. Credit Reuters SAN BRUNO, Calif. — A woman opened fire at YouTube’s headquarters in California on Tuesday afternoon, shooting three people — one of whom was critically injured — before killing herself, the authorities said.
The motivation for the shooting and the name of the woman were not known Tuesday evening. The local and state police, aided by several federal agencies, were investigating. The police said the woman had used a handgun in the attack, but would not say if she was a YouTube employee.
Zuckerberg San Francisco General Hospital received three patients: a man, 36, in critical condition; a woman, 32, in serious condition; and a woman, 27, in fair condition, a hospital spokesman, Brent Andrew, said at a news conference. A fourth person had injuries that weren’t from a gunsh..

Grindr Sets Off Privacy Firestorm After Sharing Users’ H.I.V.-Status Data

Grindr Sets Off Privacy Firestorm After Sharing Users’ H.I.V.-Status Data Photo Grindr, which recently announced changes to its software to urge users to get frequent H.I.V. tests, said it would stop sharing H.I.V. data with outside companies. Credit Grindr Grindr, the social network aimed at gay, bisexual and transgender men, is facing a firestorm of criticism for sharing users’ H.I.V. status, sexual tastes and other intimate personal details with outside software vendors.
The data sharing, made public by European researchers on Saturday and reported by BuzzFeed on Monday, set off an outcry from many users. By Monday night, the company said it would stop sharing H.I.V. data with outside companies.
The criticism of the company continued on Tuesday, with officials in Europe and the United States joining in. A consumer group in Norway filed a formal complaint with the country’s data protection agency, accusing the company of breaching European and Norwegian laws. Two United States senato..

Arnold Schwarzenegger reminds people about PPI deadline in FCA's latest campaign

Often-useless insurance was packaged with products that people may not expect such as car finance and store cards, watchdog says
An animatronic Arnold Schwarzenegger will grace UK television screens from Wednesday, reprising one of the all-action hero’s less critically acclaimed roles.
In the advert, the muscle-bound Hollywood star’s disembodied head, which is attached to tank tracks, emerges from a shopping basket to remind people of the 29 August deadline for claiming compensation for mis-sold payment protection insurance (PPI).
The unusual ad is the second time that Arnie has been enlisted to front a campaign by the Financial Conduct Authority (FCA). The watchdog wants to make sure consumers are aware that PPI was often tacked on to a wide range of products, not just loans.
Read more Banks are partly to blame for Ombudsman PPI mistakes The often-useless and frequently overpriced insurance was packaged with car finance, credit cards, catalogue credit, store cards and mortgag..

Spotify sees big Wall Street debut amid tech sector turmoil

Streaming service handily beats Wall Street reference price
Swedish streaming giant Spotify debuted on Wall Street with a bang, offering a bright spot amid dark times for technology stocks.
The company’s shares surged more than 25 per cent above the Wall Street Stock Exchange’s reference price of $132 (£94) to $165.90 (£118) a share. That translated into a $29.5bn (£21bn) valuation for a company now trading under the ticker symbol SPOT.
Rather than opting for an initial public offering, Spotify engaged in what’s known as a direct offering, which is not underwritten by banks. Founder Daniel Ek noted in a blog post ahead of the offering that existing shareholders have already been able to buy and sell stocks.
Read more Spotify has done the right thing by cutting out Wall Street banks Spotify expects revenue to grow as it gears up for public listing Spotify releases feature that could change how you listen to music “Normally, companies ring bells”, Mr Ek said. “Normally, companies ..