Mining firms haul FTSE 100 to highest level in five weeks December 13, 2010 Strong miners pushed Britain’s top share index to a five-week closing high on Monday, buoyed by firmer metals prices on strong economic data from China, while sector consolidation moves gave oil services firms a fillip. The FTSE 100 closed up 47.80 points, or 0.8 per cent, at 5,860.75, its highest close since 9 November, albeit [...]
Bonuses push exec earnings up 55 per cent October 28, 2010 FTSE 100 directors saw their total earnings rise 55 per cent year-on-year, fuelled by a massive increase in bonuses and performance related pay. Across the FTSE 350 total board pay rose an average of 45 per cent in the year to June 2010, according to the latest Directors Pay Report by Incomes Data Services (IDS). [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 24, 2011 FINANCIAL TIMES BARCLAYS AT CENTRE OF LIBOR INQUIRY Barclays is emerging as a key focus of the US and UK regulatory probe into alleged rigging of benchmark interbank lending rates that are the reference point for $350,000bn in financial products, people familiar with the investigation said. Investigators are probing whether communications between the bank’s traders [...]
Q&A GOVERNANCE November 11, 2010 Q.At what point do you need a proper board of directors? A.If you’re part of a small company that has been steadily growing, you may have started to think about creating a board of directors, which includes more than just yourself and your business partner. But when is the right time to create a professional [...]
After-the-event insurance is an option for City litigants November 23, 2010 TROUBLED economic times are typically marked by a surge in litigation, even as companies’ budgets and their ability to fund litigation remain constrained. Given the imperative to continue delivering shareholder value in the face of uncertain market conditions and an increasingly litigious environment, it is hardly unexpected that litigation costs are fast rising to the [...]
Pay at FTSE firms grows October 6, 2010 PAY PACKETS in the private sector are growing at a faster rate than those in the public sector for the first time since March 2009, said research out today. Workers in for-profit companies saw their take-home pay increase at an annual rate of 1.4 per cent in September. Pay rises are still lagging far behind [...]
Bosses face a pay freeze in 2010: Deloitte September 12, 2010 MORE than half of FTSE 350 companies will not increase the salaries of executive directors in 2010 although bonuses are bouncing back, according to a report by Deloitte today. The figures from the professional services firm reveal a salary freeze for many executives, after over two thirds were awarded no pay increase in 2009. Those [...]
Bosses face a pay freeze in 2010: Deloitte September 12, 2010 MORE than half of FTSE 350 companies will not increase the salaries of executive directors in 2010 although bonuses are bouncing back, according to a report by Deloitte today. The figures from the professional services firm reveal a salary freeze for many executives, after over two thirds were awarded no pay increase in 2009. Those [...]
IOD chairman lays into new boardroom rule September 5, 2010 INSTITUTE of Directors (IOD) chairman Neville Bain has slammed the new rules that force board members at top firms to face annual re-election. Bain, the former chairman of Royal Mail, warned the recommendation that FTSE 350 directors must pass a vote of confidence once a year could play havoc with shareholder relations. “Annual board evaluations [...]
FTSE weighed down by talk of more banking rights issues October 14, 2010 BRITAIN’S top share index closed lower yesterday, dragged down by banks on worries about rights issues in the sector, while mobile phone heavyweight Vodafone rose following an upgrade from Nomura. The FTSE 100 ended down 20.14 points, or 0.4 per cent, at 5,727.21, after gaining 1.5 per cent on Wednesday to its highest closing level [...]