The 10 biggest business stories on Monday March 7

Women earn £300,000 less than men over lifetime; CMA banking investigation delayed; EDF boss 'quits' energy giant over plans to build Hinkley Point UK nuclear power plant

Zlata Rodionova
Monday 07 March 2016 10:18 GMT
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Before International Women’s Day on Tuesday, figures show a gap of £5,732, or 24 per cent, in average full-time annual salaries between women and men.
Before International Women’s Day on Tuesday, figures show a gap of £5,732, or 24 per cent, in average full-time annual salaries between women and men. (PA)

1. The chief financial officer of EDF has resigned over the French energy giant's plans to build the first new nuclear power plant in the UK in decades, according to reports.

2. Npower is poised to swing the axe on around 2,500 jobs as its German owner attempts to drag the business back into the black.

3. John Longworth quit as the director general of the British Chambers of Commerce (BCC) on Sunday, following the controversy over his suggestion that the UK could have a “brighter” future outside the EU.

4. Women are likely to earn £300,000 less than men over their working lives, according to a new analysis. Before International Women’s Day on Tuesday, figures show a gap of £5,732, or 24 per cent, in average full-time annual salaries between women and men.

5. Local authorities need to be given more oversight of house building in the capital if London is to accommodate its growing population, the London housing commission said today.

6. Uber has had five claims of rape and “less than 170” cases of sexual assault reported to its customer-service database concerning Uber rides between December 2012 and August 2015, according to an investigation by Buzzfeed.

7. A court in Iran sentenced to death Iranian businessman Babak Zanjani and two accomplices for embezzlement, the judiciary said on Sunday.

8. The findings of a competition inquiry that could result in a major shake-up of banks' current accounts and small business banking has been delayed until August. The probe is investigating the difficulties customers face in switching banks, the lack of smaller competitors to the “big four” banks, and lending to businesses.

9. Mulberry, the luxury handbag maker has appointed Neil James Ritchie, former Dyson Group executive, as its new group finance director. He will take up the role on 16 May.

10. Faststjet issued a profit warning for 2016 on Monday following “prolonged” challenges in the African aviation industry. The African low-cost airline said results for 2016 will be “materially below” market expectations.

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