Surprise drop in top dog pay: Report shows FTSE chiefs taking home less cash in real terms August 16, 2015 Average pay packages for FTSE 100 chief execs fell in real terms over the course of the most recently-recorded year, according to a new report out today. Bosses at British blue chip firms took home an average of £4.96m in 2014, compared with £4.92m in 2013, according to the High Pay Centre think tank. Adjusting [...]
Tesco share price dips on Dunnhumby and Korea deal discount troubles August 12, 2015 More troubles could be coming down the checkout line for supermarket boss Dave Lewis. Tesco is in for a "big blow" if it fails to make the £2bn it has been expecting on the sale of its Dunnhumby data arm, a deal which has had several firms scrambling to make an offer. The deal may [...]
Why everyone should stop panicking about Berkeley Group boss Tony Pidgley’s £23m bonus August 11, 2015 Yesterday’s revelation that Tony Pidgley – founder, chairman and general grandfather figure at housebuilding giant Berkeley Group – is about to net himself £23m-odd in bonus payouts has created something of a storm. There’s no denying it’s a vast sum: it puts Pidgley above Wayne Rooney in the pay scale, making him the second [...]
Housebuilder Berkeley reveals £46m payout to its top directors August 11, 2015 Berkeley group has grown to become one of the UK’s biggest housebuilders with a market value of around £4.8bn – and its top dogs are reaping the rewards. Yesterday it revealed that chief exec Tony Pidgley took home £23.3m last year. Overall director pay leapt from £16.7m to £46.1m, as top execs benefitted from the [...]
These five charts show how Berkeley Group’s Tony Pidgley’s £23.2m salary compares to Wayne Rooney, Martin Sorrell – and you August 10, 2015 Tony Pidgley, founder and boss of Berkeley Group, got a £23.2m payout as the UK housebuilder’s profits soared. A total of £42m in bonuses were paid out to five top executives at Berkeley last year, to kick off payouts totalling up to £500m in the next six years, following a 42 per cent surge in [...]
World Economic Forum Tech Pioneers: Transferwise and Mike Lynch’s Darktrace among four UK firms chosen August 5, 2015 Four UK companies have been named among the most pioneering tech companies in the world by the World Economic Forum (WEF), following in the footsteps of Google and Twitter. Billion-dollar FinTech startup Transferwise and Mike Lynch's cybersecurity startup Darktrace are two of the high-profile UK companies selected by a panel of judges identifying the startups [...]
Chime Communications board gives thumbs up to £374m WPP and Providence takeover bid July 31, 2015 Chime Communications' directors have unanimously recommended a £374m takeover from Providence Equity Partners and WPP to shareholders Read more: Chime shares soar on £350m WPP takeover talk The takeover offer entitles shareholders to 365p per Chime share and an interim dividend for the current year of 2.53p per share. Chime's specialist sports marketing businesses appear to [...]
Chime Communications’ share price soars after £350m WPP takeover revealed July 30, 2015 Chime Communications' share price has shot up by more than 25 per cent in early trading after revealing that WPP and US private equity firm Providence Equity Partners are in talks to buy the company for £350m. Read more: Chime Communications scores higher profit with World Cup and Sochi Olympics Sir Martin Sorrell's advertising giant WPP [...]
Five business sectors set to benefit from restored US-Cuba relations July 20, 2015 At midnight on Monday, diplomatic ties between the US and Cuba officially reopened after 54 years of political hostility. Read more: Now you can book a rental in Havana for the first time after lifting of 50-year trade embargo In 1961, relations were completely severed between the two countries, but today each re-opened its [...]
Tessa Jowell forms business group with former trade minister Mervyn Davies to make London the tech capital of the world July 16, 2015 How can London become the tech capital of the world? That's the question being put to business leaders including former trade minister Mervyn Davies, National Express chairman Sir John Armitt and London Chamber of Commerce chairman Mark Adams today. The group, which has been set up by mayoral hopeful Tessa Jowell, also includes [...]