DAILY BRIEFING: Tesco facing £4bn legal challenge as 1,000 workers file over equal pay
Legal challenge: Some 1,000 Tesco workers have filed a claim over equal pay
EQUALITY CASE The UK’s biggest supermarket, Tesco, is facing a £4bn legal challenge as 1,000 workers filed a claim over equal pay.
The shop floor workers, who are mostly female, say they are being paid as much as £3 an hour less than their warehouse colleagues.
CORRUPTION PROBE Mining giant Glencore bowed to the pressure of the US Department of Justice yesterday, as it announced it had set up a committee to help with the agency’s corruption probe.
PASSENGER RECORD London airport Heathrow enjoyed its busiest June on record last month as more than seven million passengers travelled through – 5.4 per cent more than the same month a year earlier.
HOLLYWOOD SWOOP Property firm New River has paid £15.3million for the Hollywood retail and leisure park in Barrow-in-Furness.
PROFIT SURGE Recruitment firm Page Group booked record second-quarter profit and said it will beat full-year expectations. It saw gross profit jump 16 per cent to £208.2million in the three months to the end of June, buoyed by international performance.
AFRICAN RETREAT The century-long involvement of Barclays in Africa is ending as the Johannesburg-based lender it once owned changes its name from Barclays Africa to Absa.
FTSE FIRST Broker Berenberg stepped up a league yesterday as it nabbed its first FTSE 100 client, Ladbrokes and Coral owner GVC Holdings.
NEW CHIEF Andrew Salmon has been appointed chief executive at lender Arbuthnot Latham & Co.
SPANISH FLIGHT Finance firm Aviva has sold its stakes in Spanish life insurance and pensions businesses Cajamurcia Vida and Caja Granada Vida to Bankia for £179million.
It also sold its 50 per cent holding in insurer Pelayo Vida to Santalucia. It means Aviva no longer has a presence in Spain.
GREEN LIGHT Internet lender Lendy has been given full authorisation from the City watchdog.
TRUSTEE FINED A pension trustee has been fined £25,000 by the industry watchdog for failing to hit accounting deadlines.
Rentokil Initial Pension Trustee missed the cut-off dates for valuing its Initial Hospital Service Limited No 1 Pension Scheme in 2012 and 2015.