The chief executives of the UK’s biggest businesses have seen their pay fall by an average of almost 20 per cent over the past year, according to a preview of Deloitte’s annual FTSE 100 executive remuneration report.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Weak pound helps boost UK tourist numbers
The weakness in the value of sterling has helped to boost the number of tourists visiting the UK, with official figures showing that foreign visits to Britain increased to 3.5 million in June.
Pension cold-calling ban to include texts and emails in effort to tackle fraud
Government to crack down on scammers who persuade savers to transfer money from pension accounts into fake schemes.
O2 throws weight behind BT in 5G mobile auction row
Pressure was mounting on telecoms regulators last night to organise a quick auction of rights to the airwaves, as fears grew that a court clash between mobile operators will delay investments in better networks.
Company bosses ‘lack cyber-attack training’
More than two thirds of companies say their directors have no training in responding to cyber-attacks, according to a government survey.
Africa’s Richest Man is keen to buy Arsenal FC
Africa’s richest man Aliko Dangote has explained he is keen to add London’s Arsenal football club to his portfolio.
Pensioners told to head to West Sussex for happiness
Its pleasures range from a visit to the stately Arundel Castle to flight delays at Gatwick airport.
Asda toasts first rise in sales for three years
Asda has toasted its first increase in quarterly sales for three years on the back of a successful Easter, the return of inflation and early signs that its turnaround efforts are beginning to work.
Bank of England blog reveals disparity in productivity between foreign and domestically-owned firms
Foreign-owned firms are more productive than domestically-owned ones and therefore pivotal to the UK economy, according to research by Bank of England staff.
B&Q sales drop because of bad summer weather
The owner of DIY chain B&Q has reported a drop in sales in the three months to the end of July, largely driven by a poor performance in Britain and Ireland.
Rising inflation leads to sales falls in all UK retail sectors apart from food
Clothing and footwear retailers particularly badly hit in July amid ‘volatile’ trends, says Office for National Statistics.
Mears Group cuts profits forecast in wake of Grenfell Tower fire
Social housing maintenance company says London tower block tragedy has made clients delay new contracts.
Brexit: UK hopes to strike new trade deals during transitional period
Ministers hope to negotiate and complete trade deals with other countries during any Brexit transitional period, a Government document has said.
City jobs rose in July as firms took a “robust” attitude towards hiring
The number of jobs in the City of London increased by 37 per cent in July compared with the same time last year, according to one of the UK’s largest recruiters.
Energy company billing blunders fall – but still cost consumers £100m
Energy companies face a fresh public battle after new findings revealed that consumers have still been overcharged by an “unacceptable” £100m as a result of billing blunders, even as complaint rates fall.
