1 minute read
No net
ONE in four people aged between 25 and 49 save nothing and would have no safety net in an emergency, a YouGov survey for wealth manager True Potential found. Forty per cent have slashed the amount they save each month owing to the cost of living, while those who save put aside less than £50 (€57.13) a month.
Pay up
A VISIT to Hampton Court gardens, open to the public since Queen Victoria’s reign, was once free, but now costs up to £29 (€33). Hampton Court, owned by the royal family, blamed financial difficulties after the Covid pandemic for locking its gates for the first time in 185 years.
Different label
TONI RUIZ, Mango’s chief executive since March 2020, told a La Vanguardia interviewer that the fashion chain wished to lose its “fast fashion” label. “We have a team of 500 people designing 100 per cent of our clothes in Barcelona, working with bestquality, sustainable fabrics,” Ruiz said.
Fast work
RESTAURANT GROUP , which owns Wagamama, Frankie & Benny’s and Chiquitos, will close 23 outlets by the end of May. The group, which currently runs 410 venues, intends to speed up closures after announcing earlier that it would shut 35 of its lossmaking casual dining restaurants.
Top earners
BANCO SANTANDER’s millionaire executives increased by 37.62 per cent last year from 202 to 278 employees on more than €1 million annually, according to its Prudential Relevance Report 2022. BBVA’s millionaire employees also increased, although by 5.66 per cent to just 56 executives.
Not quite
HEALTHCARE company Haleon’s profits fell slightly short of expectations in the first quarter as the consumer giant’s margins were affected by higher costs.
The GlaxoSmithKline spinoff behind brands including Sensodyne toothpaste posted revenues of about £3 billion (€3.4 billion) for this year’s first quarter.
