Eaton Financial News

For his manager, Barrie Chapman, the overtime he now gets is a huge boost once unheard of in the hospitality sector. Their regional manager Jen Eaton looks back in horror at the 14-hour shifts she once worked in casinos in heels with no break. Like thousands of others in lower-paid sectors of the British economy, all three have benefited from a gradual improvement in employment terms since the global pandemic and Brexit forced companies to work harder to find staff in a tight labour market. The shift follows years of warnings from unions and campaign groups that the balance of power in Britain had swung too far towards employers, leaving many lower-paid staff working unpredictable hours with poor benefits and little protection. Nick Collins, CEO of Loungers which employs Eaton, Chapman and Hughes-Davies among 8,000 staff in restaurants and bars across Britain, said expectations of employees had risen.

Western Australia’s largest gas consumer Alcoa has questioned aspects of the state government’s controversial decision to provide the Kerry Stokes-backed Waitsia gas project with an exemption to an international export ban.

Morgan Stanley is seeking to launch its next wave of exchange-traded funds after reentering the industry in February, nearly three decades after helping to birth the now $7.5 trillion industry. 

Morgan Stanley Wealth Management is shifting its focus to cater to Australia’s affluent individuals, while collaborating with wealth manager Ord Minnett to handle clients with lower net worth. According to the Australian Financial Review, customers possessing less than A$1 million in assets (US$683,000), will be given ‘the option’ to transfer their accounts to 472 employee Ord Minnett. The US firm claims this strategic move allows it prioritize high-net-worth accounts, not-for-profits, and family office funds.

The failed ‘mutiny’ by the private military Wagner Group in Russia has generated a debate on the rise of private armies in modern warfare. Tony Barber in Financial Times pointed to a mercenary tradition in Russia that dates back to at least the times of Leo Tolstoy. But the practice was widespread.

A passionate collector has brought the magic of Disneyland to a sprawling 30,000-square-foot building in Burbank, California, where fans can preview more than 1,500 items up for auction later this month