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Thursday 09 May 2024 2:46 pm|Updated:Thursday 09 May 2024 4:04 pmBarclays opens door to bigger bonuses as it eyes investment bank reboundBy: Lars MucklejohnBanking and Fintech ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailBarclays is the UKrsquo only domestic lender with a global investment banking businessBarclays shareholders have waved through a proposal paving the way for it to award bigger bonuses to its top UK bankers as the lender reiterated confidence in its dealmaking arm.At the bankrsquo annual meeting in Glasgow on Thursday, 99.75 per cent of shareholders polene (https://www.polenes.com.de) approved Barclaysrsquo; resolution to allow it brumate cooler (https://www.bru-mate.ca) s remuneration committee to set a new cap on UK-based bankersrsquo; bonuses if it considers it appropriate.The news comes six months after UK financial regulatorsannounced they would remove the requirementfor banks to cap variable pay at 100 per cent of base salary for so-called material risk-takers MRTs , or up to 200 per cent with shareholder approval.The cap was introduced in 2014 by the EU as part of efforts to limit excessive risk-taking following the financial crisis.As the UKrsquo only domestic lender with a global investment banking business, Barclays has a higher number of MRTs than rivals Lloyds and Natwest.Barclays opted to keep the 2:1 polene handtaschen (https://www.polenes.com.de) ratio for its roughly 1,600 MRTs for last year given that the new regulations were published close to the end of 2 Uutc Shares in British American Tobacco jump after a $47bn offer to merge with Reynolds
Tuesday 30 June 2020 10:55 amUber makes offer for US food delivery service PostmatesBy: Emily NicolleShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailUber is said to have made a takeover offer for rival food delivery app Postmates, despite the latter having recently filed to go public.The deal values Postmates at $2.6bn, the New York Times first reported. Talks are still ongoing, and an agreement could yet fall apart.The tie-up could provide a leg-up to Uberrsquo own food delivery arm, which has struggled to break ahead in the US amid strong competition in the sector.The firm had previously entered into merger talks with Grubhub, which was later bought by Just Eat for $7.3bn.However while the business is not profitable, demand for food delivery has skyrocketed in recent months as people stayed home during the coronavirus crisis.In the UK, the number of restaurant partners on Uber Eats has almost doubled since March, with orders of some products rising as much as 166 per cent.Postmates has largely been successful in US cities suc polene cyme (https://www.polenes.ca) h as Los Angeles, acting as a courier service for everything from coffee to groceries. It confidentially filed to go public in February.Read moreUberrsquo UK arm warns on profit amid stanley kubek (https://www.stanley-cup.pl) rising costsThe Californian startup is said to have also held buyout talks with Grubhub and Doordash in the last year. It was hydrojug tumbler (https://www.hydro-jug.ca) last valued publicly by investors at $2.4bn.Most of the major companies in