Breaking news
Cineworld bosses could get up to £208 MILLION in bonuses after shareholders approved ‘excessive’ payout scheme – despite firm receiving taxpayer support during lockdown Chief executive alone could receive up to £65million of the bonus money Cinema company received taxpayer support through furlough during pandemic Bosses secured an extra £560million in November from independent lenders … Read more
Online furniture store Made handing out share bonuses worth more than £10,000 to each of its staff thanks to booming sales in pandemic By Daily Mail City & Finance Reporter Published: 22:24 GMT, 14 December 2020 | Updated: 22:43 GMT, 14 December 2020 Online furniture store Made is handing out share bonuses worth more than … Read more
Savers looking for a safe place for their cash face a raft of penalties, restrictions and teaser rates By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 GMT, 28 November 2020 | Updated: 21:51 GMT, 28 November 2020 Savers looking for a safe place for their cash face a raft of penalties, restrictions and … Read more
Hospitality bosses fear Government U-turn on bonuses for retaining furloughed staff could jeopardise financing deals with lenders By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 7 November 2020 | Updated: 21:50 GMT, 7 November 2020 Hospitality bosses fear the Government U-turn on bonuses for retaining furloughed staff could jeopardise financing deals with lenders. … Read more
Banks have begun stockpiling cash to pay out bumper bonuses in the New Year, The Mail on Sunday can reveal. Documents show Barclays has boosted this year’s bonus pool for bankers by 9 per cent to £745million – £63million more than it set aside last year – after making huge profits at its investment bank. … Read more
Influential shareholder advisory service says fat-cat bonuses should be scrapped apart from ‘exceptional’ circumstances By Daily Mail City & Finance Reporter Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 Fat-cat bonuses should be scrapped except in ‘exceptional’ circumstances, an influential shareholder advisory service has said. Pirc said it supported getting … Read more
Willie Walsh has stepped down from the top job at British Airways owner IAG amid a furious investor protest over pay – after nearly one in three shareholders failed to back his remuneration deal. The International Airlines Group (IAG) revealed only 71.6 per cent of investors approved executive pay awards at its annual shareholder meeting in … Read more
Rio Tinto cutting bonuses of three senior executives by almost £4m following destruction of Aboriginal site – but they will still keep their jobs By Hugo Duncan for the Daily Mail Published: 22:08 BST, 24 August 2020 | Updated: 22:08 BST, 24 August 2020 The world’s biggest iron ore miner is cutting the bonuses of … Read more
National Express set to use jobs bonus to cut bus fares: Coaches only running a fifth full after lockdown slump By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 August 2020 | Updated: 21:51 BST, 13 August 2020 National Express plans to use £4million in job retention bonuses to slash ticket prices on … Read more
Leading firms were urged yesterday to forgo millions of pounds in Government bonuses for putting furloughed staff back to work. Business leaders and MPs said that the public funds should be claimed only by companies in dire straits. Taylor Wimpey, Barratt Homes and Redrow said they will not be claiming payouts under the £9billion Job … Read more