Tuesday newspaper round-up: Brexit, Unilever boss, Standard Life Aberdeen
By Michele Maatouk
Date: Tuesday 12 Mar 2019
(Sharecast News) - Growing numbers of British companies are preparing to cut jobs or put hiring plans on hold as Brexit uncertainty intensifies, in the latest sign of stress on the economy. In an indication that Britain's long jobs recovery since the financial crisis is gradually running out of steam as Brexit nears, IHS Markit said UK employers' staff-hiring intentions had reached a six-year low in February. - Guardian
British accountancy firms are to get a new regulator with more power over collapsing companies after a wave of scandals prompted calls for action to fix the sector. The leadership of the audit watchdog, the Financial Reporting Council, will resign and the body will be rebranded as the Audit, Reporting and Governance Authority (Arga). - Guardian
Google's former finance chief said universities were waking up to the fact their researchers could create the next wave of tech giants, as he launched a new startup incubator to help coach academics through setting up their own businesses. Patrick Pichette, who worked as Google's chief financial officer up until 2015, said there was a "recognition by universities that it is a priority for them to support academic researchers that have a real shot at commercialisation". - Telegraph
Unilever has revealed that its former boss Paul Polman was paid a total of €11.7m (£10m) for his final year at the company, a combination of his fixed salary, an annual bonus and long-term incentives. Mr Polman, who had been at the helm for a decade, announced in November that he was leaving the FTSE 100 conglomerate at the end of the year and would be succeeded by company lifer Alan Jope from Jan 1. - Telegraph
Britain can benefit from being outside the European Union if the government gets policy right after Brexit, a leading contender to be the next governor of the Bank of England has said. Speaking to The Times, Raghuram Rajan, a former chief economist at the International Monetary Fund, criticised the "profoundly undemocratic" centralisation of power by the EU and sympathised with the many Britons who wanted to break free. - The Times
A large shareholder in Standard Life Aberdeen has questioned the judgment of Martin Gilbert, its co-chief executive, in taking an additional role advising Revolut, the controversial financial technology company. Mr Gilbert's decision to advise Nikolay Storonsky, 34, Revolut's chief executive, raised eyebrows because Standard Life is battling to improve its performance. Its share price has fallen by more than 40 per cent over the past year. - The Times
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