Games Workshop pays staff £12m share bonus after impressive year May 20, 2021 Staff at Games Workshop will have received a share bonus totalling £12m this year, after lockdown restrictions and subsequent new hobbies helped profits at the games retailer soar. Games Workshop’s staff were paid £10m more in bonuses in 2020/21 than in the previous financial year. Bonuses are paid on an equal basis to each member [...]
Employment bodies hit out at FTSE boards over lack of diversity February 5, 2020 Employment bodies have hit out at the UK’s largest companies after today’s Parker report review found that it will be “challenging” for FTSE 100 firms to hit diversity targets by next year. In 2017 the initial report recommended that all FTSE 100 boards should have at least one director from an ethnic minority background by [...]
Audit regulator proposes challenger firms get larger share of the work January 25, 2020 The Financial Reporting Council (FRC) has proposed a regime to the government that would see challenger firms outside the so-called big four auditors be given a substantial proportion of the audit work of major British companies. The accounting regulator has drawn up plans behind closed doors that would require all but the very biggest FTSE-350 [...]
Mike Ashley reportedly weighs up move to take Frasers Group private December 19, 2021 Mike Ashley is apparently weighing up a move to take Frasers Group private after strong profits this year, according to The Telegraph.
Kier looks to raise £241m from share placing May 13, 2021 Construction firm Kier today said that it would seek to raise £241m from the placing of 280m new shares in the FTSE 250 company. Priced at 85p per share, the raise will allow the infrastructure group to strengthen its balance sheet and refinance its existing borrowing facilities. Along with the sale of Kier Living, the [...]
Campaigners hail milestone as FTSE boards hire most women in 450 years October 2, 2019 City grandee Dame Helena Morrissey has hailed an effort to bring more women onto the boards of London’s quoted companies as the FTSE 350 hit a major milestone. For the first time in its nearly 450-year history the exchange’s top companies have boards where 30 per cent of the members are women. Read more: Diversity [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]
Investors stub out Imperial CEO’s bonus February 18, 2021 Imperial Brands today said that it would cut its new boss’ bonus by 10 per cent a year after a shareholder revolt. Earlier this month around 40 per cent of shareholders voted against Stefan Bomhard’s pay at an annual general meeting. Now the company has said that Bomhard has agreed with the tobacco giant’s remuneration [...]
Why Legal & General is trying to slay the chair and CEO role February 4, 2020 Blackrock’s Larry Fink is a big fan of using shareholder muscle to influence corporate culture. From climate change to “profit with purpose” he’s vowed to exercise his fund’s substantial clout in pursuit of “sound corporate governance” and “an unwavering focus on long-term sustainability”. Fink’s eyebrows may have risen a little, then, upon discovering that fellow [...]
FTSE boards must turn intent into action when it comes to ethnic diversity February 6, 2020 “One by 21” was a target that seemed realistic in 2017. However, three years on and it is less clear whether the ambition of having one ethnic minority director on each FTSE 100 board by next year is achievable. It is impossible to deny that there has been movement in the last few years. Since [...]