Q and A: Why have shareholder bodies voiced concern over pay? July 10, 2014 Q What does Christopher Bailey’s pay package include? A His pay includes a basic salary of £1.1m, a £444,000 annual allowance on top of his salary, a one-off performance based award of 500,000 shares worth around £7m. He also has share awards from 2010 and 2013, which vest in 2015 and 2018 worth around £17m [...]
Burberry shares lift the FTSE as luxury sales beat forecasts January 15, 2014 BURBERRY was the second highest riser on the FTSE yesterday after the luxury retailer revealed better-than-expected sales, driven by Asia Pacific and demand ahead of Chinese New Year. Shares closed 4.7 per cent higher as the 158 year-old firm posted a 14 per cent rise in sales to £528m and a 12 per cent increase [...]
Burberry flags currency headwinds as sales jump 12pc January 15, 2014 Burberry has said that, despite a reasonably strong festive season, it expects exchange headwinds to affect its second half results. The high-end fashion store has posted a 12 per cent rise in comparable sales for the last three months of 2013, with retail revenue up 14 per cent to £528m. Nomura analysts had expected sales [...]
The FTSE 100’s Twitter power-users (and its social flops) September 21, 2014 FTSE 100 companies have upped their game on Twitter according to social media agency Battenhall, sending out a total of 1.4 million tweets in the past year compared with 582,227 in 2013. The agency puts companies’ increased efforts on Twitter down to the US Securities and Exchange Commission’s 2013 legislation, which gave firms permission to [...]
Protect your profit margins with a forex specialist October 15, 2014 Exporters could lose out as a result of the strength of the pound this year. In July British retail giants Burberry warned that sterling’s strength would have a “material impact”, and could knock as much as £55m from their profits. Dealing with currency exchange fluctuations effectively is a key element of the working day for [...]
Focus on Victoria: Grab a prime bargain in SW1 November 27, 2014 Victoria has long been a place of work, but it’s been a while since it’s been a place to live. Dominated by a mixture of grey government office blocks and its various transport hubs, it certainly doesn’t fit the desirable London village trend. But that may be about to change. Developer Land Securities [...]
iPhone 6 launch: Five things you need to know about new Apple designer Marc Newson September 9, 2014 As fanboys and investors alike get the popcorn in for tonight's big Apple launch, the rumour-mill has gone into overdrive about what exactly is going to be announced tonight. We're 99 per cent sure the iPhone 6 is going to be part of it – the phone is expected to come in two sizes (with [...]
Consumers win as UK inflation continues to fall – London Report October 12, 2014 Consumers are winning out as low petrol prices and the continuing supermarket price war drive inflation down. Data out tomorrow is expected to show consumer price inflation for September fell to a five-year low of 1.4 per cent – well below the Bank of England’s target rate of two per cent. However, weak earnings growth [...]
Bottom Line: Investors should bear in mind Bailey’s past July 7, 2014 POOR Chris Bailey. No sooner had the Burberry man swapped his cutting scissors for an Excel spreadsheet than the marauding hordes of fund management came to rain on his £20m payday parade. Bailey is unusual among his FTSE 100 chief executive peers – and his generous pay award should arguably be viewed differently by shareholders. [...]
Oil giant BG Group backs down over new chief Helge Lund’s pay pack December 1, 2014 Pressure from shareholders has forced oil firm BG Group to revise its remuneration package for incoming chief executive Helge Lund and reduce his share award from £10m to £4.7m. The company stated that a “significant number” of shareholders had questioned the structure of the original proposed pay package, in particular asking whether it was [...]