"I wrote my thesis on women in management in the 1980s and very little has changed. The solution is all about transparency. Women often struggle with asking for a pay rise, whereas men don't. I don't think that most women would want to go as far [as taking legal action]. Very few women want to stick their heads above the parapet on this stuff." The CMI pay data also shows that under the age of 19, female managers are paid 12% less than male managers, while between the ages of 20 and 25 the figure falls to 6%, before rising again to 8% between 26 and 35. At that point, male managers start earning significantly more than female colleagues in similar jobs. http://www.theguardian.com/business/2014/aug/19/gender-pay-gap-women-bosses-earn-35-percent-less-than-men?CMP=EMCNEWEML6619I2

Trading channels: Momentumless gold

Its a tradition that has fallen from view in recent years but the Wirral quintet mount a strong case for it on their second album, Endless Days Crystal Sky. Songs have depth and warmth, at times surging forward hopefully, elsewhere conveying an aching sense of melancholy, while synthesisers add a modern gloss to the nostalgia. By the Sea http://www.ft.com/cms/s/2/49d5ce6c-20fe-11e4-b8f4-00144feabdc0.html

BHP Billiton posts $US13.4b profit, pushes ahead with demerger

The process is expected to be completed in the first half of 2015. BHP Billiton is becoming a simpler, more productive company and the demerger we have announced today is an important step forward, he said. By being freed from its least productive businesses, Mr Mackenzie said BHP would be able to improve productivity faster at its best assets. With a simpler portfolio we are targeting at least another $US3.5 billion in productivity-related gains by the end of the 2017 financial year, he said. Mr Mackenzie said the assets in the spun-out company may not have the quality of BHPs pillars but they were built to BHPs high standards. http://www.smh.com.au/business/mining-and-resources/bhp-billiton-posts-us134b-profit-pushes-ahead-with-demerger-20140819-105soi.html

By the Sea: Endless Days Crystal Sky – review - FT.com

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