Headlines - Welsh first minister warns N Ireland trade deal could hit port traffic - UniCredit's board proposes 30% salary increase for chief Andrea Orcel - Andrew Bailey signals no pressing need for more UK interest rate rises - Bridgewater to cut jobs and cap flagship fund in post-Dalio overhaul - Vanguard closes UK financial advice arm after less than two years
Overview - The Welsh first minister, Mark Drakeford has warned that this week's UK-EU deal on Northern Ireland trade could shift traffic from his country's ports to those in England and Scotland. - UniCredit's board has proposed raising chief executive Andrea Orcel's salary by 30 percent from €2.5 million to €3.25 million a year, weeks after the head of the Italian bank's remuneration committee quit - Bank of England's Andrew Bailey has signalled financial markets are wrong to assume the Bank of England will raise interest rates further, in an attempt to convince investors that Britain’s economic outlook differs from the US and eurozone. - Bridgewater Associates is set to cap investments in its flagship vehicle and cut about eight percent of its workforce in the most significant shake-up of the world's largest hedge fund since founder Ray Dalio ceded control of the firm. - Vanguard is closing its UK financial planning arm less than two years after its launch in April 2021 after a disappointing number of customers signed up to a new low-cost retirement advice service designed to appeal to millions of savers.
(Compiled by Bengaluru newsroom)
