BP CEO takes huge pay cut as profit slashed at FTSE 100 giant March 6, 2025 The chief executive of BP has taken a £2.3m pay cut as profit was slashed at the FTSE 100 giant. Murray Auchincloss received a pay packet of £5.4m for 2024, down from the £7.7m he received in 2023. The drop came amid a more than £1.1m cut to his bonus to £734,000, and a £1.6m [...]
Rolls-Royce CEO’s pay slashed by almost £10m despite rocketing FTSE 100 shares March 6, 2025 The chief executive of Rolls-Royce, Tufan Erginbilgic, has seen his pay slashed by almost £10m despite transforming the fortunes of the FTSE 100 giant. The CEO took home a pay packet of £4.1m for the Derby-headquartered group’s latest financial year, down from the £13.6m he received in the prior 12 months. Erginbilgic’s previous remuneration package [...]
Ocado: CEO pay jumps despite heavy losses and flagging share price March 6, 2025 The chief executive of Ocado has seen his pay jump despite continuing heavy losses at the technology and grocery platform. Tim Steiner took home more than £2.6m for his company’s latest financial year, a rise from the £1.9m he was awarded in the prior 12 months. The increase was mainly driven by a rise in [...]
HMV: Sales on song as billionaire owner helps turn around high street icon March 6, 2025 Sales at HMV have more than doubled in the last three years as its recovery under the ownership of Canadian billionaire Doug Putman continues at pace. The high street staple has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year. The [...]
IAG: Pay for British Airways owner’s CEO takes off after FTSE 100 success March 5, 2025 The chief executive of British Airways owner IAG has received a huge pay rise after its shares surged on the FTSE 100 over the last year. Luis Gallego has been handed a pay packet of £4.6m for the group’s latest financial year, up from the £3.1m he received for 2023. The latest figure also compares [...]
The Co-op admits blocking rivals from opening competing stores March 5, 2025 The Co-op has become the latest major UK supermarket to fall foul of a targeted campaign by the Competition and Markets Authority (CMA) to stop the use of ‘unlawful land agreements’ in grocery retailing. The group has admitted to 107 breaches of an order to stop supermarkets imposing restrictions that block rivals from opening competing [...]
Jollyes sinks further into the red despite sales surge at Pets at Home rival March 5, 2025 Jollyes has sunk further into the red despite its sales continuing to surge as it attempts to increase its rivalry with Pets at Home. The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months. However, newly-filed accounts [...]
Alan Sugar: The Apprentice star sells entire stake in recruitment firm March 5, 2025 Lord Alan Sugar has sold his entire stake in an engineering and technology recruitment agency which he has backed for more than four years. Hernshead Group was set up by Tom Johnson in 2019 who shortly afterwards persuaded Lord Alan Sugar to invest despite him not going on hit BBC One show, The Apprentice. Johnson [...]
Airbnb: Top UK and Northern European boss checks out March 4, 2025 Airbnb’s top boss in the UK and Northern Europe is to step down after four years in the role. Amanda Cupples was appointed general manager for the region in March 2021 and was responsible for UK, Ireland, Netherlands and the Nordics. Australian Cupples joined Airbnb from digital health company Babylon Health where she was first [...]
Vitality: Profit on the up at health and life insurance giant March 4, 2025 Health and life insurer Vitality returned to profit growth during the first six months of its current financial year, it has been revealed. The company, which is UK’s third-largest health insurer behind Bupa and Axa, has posted a normalised profit from £40m for the final six months of 2024. Its UK health division reported a [...]
