Firms are at pains to promote diversity in their leadership and at the entry level. But what about the vast mass of employees in between? Socially minded investors need to have middle managers in their sights too. The terms for middle management — “permafrost,” “the frozen middle” — are generally miserable. “Frontline managers” is often preferred. However they’re described, the ...

Big banks are rolling in free cash, but investors are struggling to believe that some of them will ever hand it over. They should take another look. Fifteen of the biggest US and European banks have piled up more than $125 billion of excess capital after the first nine months of 2021. Profits soared after a spell of record corporate ...

Bloomberg British Airways (BA) is set to operate a new unit offering European flights from London Gatwick airport in March following a deal with cabin crew. The breakthrough in talks with flight attendants comes after an earlier deal with pilots and leaves only terms with ground staff to be settled, Luis Gallego, chief executive officer of BA parent IAG SA, ...