Good month for Penguin…

Penguin Random House UK, the country’s largest book publisher, has announced that it will pay the national living wage to all its work experience candidates, netting them £262.50 per week each.

It’s a much welcome move because the London-based publishing giant had previously only covered it’s work experience people’s food and travel expenses.

And there’s further good news for candidates who live outside the capital. As part of a pilot collaboration with the Book Trade Charity to make the role more accessible to non-London residents, Penguin Random House UK will subsidise their accommodation.

 

Bad month for Barclays…

Jes Staley, chief executive at Barclays, faces sanctions from UK banking regulators. The news comes after the American tried to uncover the identity of a whistleblower who’d raised concerns about another member of staff (who Staley originally hired).

Despite having publicly pushed Barclays to adopt and promote the highest ethical standards, the implications against Staley could now lead to him having to take a massive wage cut.

The bank announced that the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are investigating both Staley for his actions and Barclays for its whistleblowing policies.