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....And while women’s presence in the boardroom has grown over the past four years, according to our research at the Directory of Social Change, their positions tend to be non-executive and it’s still a rare company that has a female chair or CEO. By looking at company CSR policies and annual reports we were able to determine the ratio between women and men for 399 corporate boards. ... [Read full article on Guardian ]
Monday 27th of March 2017 04:00:49 AM
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Latest Finance News related to Annual Report

Women make up less than a quarter of UK boardrooms image
Source : Guardian [Read Article] Monday 27th of March 2017 04:00:49 AM
....And while women’s presence in the boardroom has grown over the past four years, according to our research at the Directory of Social Change, their positions tend to be non-executive and it’s still a rare company that has a female chair or CEO. By looking at company CSR policies and annual reports we were able to determine the ratio between women and men for 399 corporate boards. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
....The average FTSE chief executive earns 386 times more than a worker on the national living wage, according to an analysis published by the Equality Trust as it steps up its campaign for new government rules to expose pay gaps. The charity used annual reports from 2015 for all the companies in the FTSE 100 to calculate that their CEOs pocket an average of £5. ...
Deutsche Bank cuts staff bonuses image
Source : BBC [Read Article] Monday 20th of March 2017 09:25:46 AM
. German banking giant Deutsche Bank cut its bonuses by more than three-quarters last year, its annual report and accounts show. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
....The company confirmed this would be worth about £206m to directors, based on Melrose’s recent share price and adjusted for cash that shareholders have invested and taken out of the company over the past five years. Just four executives will get 68% of the total, according to the company’s annual report. ...
Governments must keep reforming to win back voters' trust, says OECD image
Source : Guardian [Read Article] Friday 17th of March 2017 02:40:37 PM
....”. The OECD’s flgaship annual report is designed to help policymakers come up with effective reform packages to boost economic growth. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
.... It is not clear if staff outside the UK will attend and plans are being made to video the event. Rolls-Royce revealed the employee AGM in its annual report published last week. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....4m. Ferrari’s annual report states that “as a consequence of the change of control, Ferrari exercised the options … and on 22 February 2017 received approximately $11. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....He secured a total pay package of £2. 1m for 2016, including the bonus and a £925,000 salary, according to the firm's annual report. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....6m payout is the last from the Leap scheme, which will be replaced with a less generous deal which investors expect to pay out less than £20m. The near £42m will be added to Sorrell’s salary, bonus and other extras when WPPpublish its annual report and will probably push his full remuneration for 2016to closer to £50m. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. Its annual report for 2016 shows a loss of £477m – taking its cumulative losses to £2. ...
China's economic concerns mount as thousands gather for congress image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:26:46 AM
....The gathering of 3,000 delegates for the national people’s congress in Beijing’s Great Hall of the People is staged annually by the party. And although it has little bearing on policy, it will be scrutinised this year for any clues about the state of the economy in premier Li Keqiang’s annual report on Sunday. ...
‘Part-time is unfairly interpreted as lack of commitment’ – our work expert responds image
.... You may know of companies from your time in marketing who would value using you on a freelance basis. Equally, there are small companies, partnerships usually, which specialise in providing such writing services to clients: from speeches and websites to internal memos and annual reports. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
.... “While progress is being made, there is still work to do and RBS must continue to deal with its legacy issues,” a Treasury spokesperson said. The annual report lists a range of legal matters, including a case by shareholders over the 2008 rights issue. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
.... European bank bosses believe they have been more harshly treated than their US counterparts. The annual report showed that Staley, an American recruited in 2015, received £4. ...
Global arms trade reaches highest point since cold war era image
Source : Guardian [Read Article] Monday 20th of February 2017 12:02:22 AM
. The global transfer of major weapons systems rose over the past five years to the highest volume since the end of the cold war as the Middle East nearly doubled its imports, according to an annual report on arms sales. ...
Organic food sales soar as shoppers put quality before price image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
....That’s good news for an industry that was hit hard by the economic downturn but now seems to be returning to rude health as more shoppers say organic food is worth paying the premium for. This week the Soil Association will release its annual report on the state of the organic food market, which is expected to show that it has grown for the fourth consecutive year. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....MPs have criticised ministers for their “shambolic” failure to regularly spell out the impact of government green policies on household energy bills. The Commons public accounts committee said the government had missed its commitment to publishing annual reports on how consumer bills were affected by subsidies to support solar and wind power. ...
Directors of new homes warranty firm criticised for lack of independence image
Source : Guardian [Read Article] Monday 6th of February 2017 04:28:53 PM
....This further calls into question NHBC’s credibility in protecting consumers amid a wave of complaints about the quality of new-build properties. Stewart Baseley and Greg Fitzgerald do not fulfil the test of independence for non-executive directors in the UK corporate governance code, NHBC admits in the small print of its most recent annual report. ...
RBS braced for multi-billion-pound settlement for loan-misselling scandal image
Source : Guardian [Read Article] Wednesday 25th of January 2017 09:20:18 PM
....5bn for shares in RBS in 2008 and 2009 to stop the Edinburgh-based bank collapsing during the financial crisis. It has not made an annual report since 2007 and since then has incurred losses of more than £50bn. ...
BT shareholders will remember profit warning for years | Nils Pratley image
Source : Guardian [Read Article] Tuesday 24th of January 2017 05:47:06 PM
....BT says it has taken “immediate steps to strengthen the financial processes and controls in that business”, but that doesn’t explain why the controls were weak in the first place and why BT has a whistleblower to thank for a tipoff. The annual reports of the past two years describe how “full-scope audit work” was conducted in Italy, including visits in each year by the auditors PricewaterhouseCoopers. ...
Theresa May's post-Brexit industrial strategy ducks tough decisions | Nils Pratley image
.... But the intriguing detail is that it all happened in 2013. Sainsbury’s didn’t think it worth mentioning to shareholders, even in the years when its annual report scrupulously addressed the motor-racing sponsorship deals that some suppliers gave to the son of Justin King, chief executive at the time. ...
Royal Albert Hall called a 'national disgrace' over members' ticket resales image
Source : Guardian [Read Article] Wednesday 18th of January 2017 02:05:29 PM
....Regulations governing charity accounting demand that trustees detail any financial benefit they might receive from their position. While the RAH’s annual report revealed for the first time this year that trustees own 145 seats, no information was given about their value or the potential income from selling access to them. ...
Pearson profit warnings wipe almost £2bn off its value image
Source : Guardian [Read Article] Wednesday 18th of January 2017 09:30:18 AM
....He has pocketed more than £6m since becoming chief executive. This includes an estimate for his pay in 2016, which will not be made public until Pearson publishes its annual report later this year, as well as about £1. ...
Rolls-Royce to pay £671m over bribery claims image
Source : Guardian [Read Article] Monday 16th of January 2017 05:32:13 PM
....In 2013 the company hired the prominent City lawyer Lord Gold to conduct a review of its anti-corruption and compliance procedures. The following year the company used its annual report to reveal that it had substantially reduced its use of third parties to help it secure contracts. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
.... Just 100 companies are able to become Strategic Partners; among them this year are Barclays, BT, BP, Facebook, Google and HSBC. Companies have privately complained about the cost of the exclusive access, which helped the WEF bring in record revenue of SFr228m last year, according to its annual report. ...
The social divide image
Source : BBC [Read Article] Tuesday 10th of January 2017 03:09:34 PM
....Labour leader Jeremy Corbyn said on BBC Radio 4 on Tuesday morning that he would be interested in a cap on earnings, because "we cannot go on creating worse levels of inequality". Coincidentally, Tuesday morning also saw the release of the annual report on income inequality from the Office for National Statistics. ...
Green Investment Bank sale should raise red flags for Theresa May image
Source : Guardian [Read Article] Monday 9th of January 2017 07:53:34 PM
.... That would be more of an ousting, in which case Ritchie might indeed be contractually entitled to a sum of up to a year’s salary, or £550,000. So which is it? Did he jump or was he pushed? The deliberate ambiguity is silly, as is the brush-off that all will be revealed in the next annual report. ...
Trench coat maker Aquascutum to be sold for £97m image
Source : BBC [Read Article] Thursday 22nd of December 2016 01:51:57 PM
.... . The unnamed acquirers have made a $5m down payment for exclusive rights to the deal, YGM said in its annual report this week. ...
Phones need software to stop drivers becoming distracted, ministers say image
Source : Guardian [Read Article] Monday 19th of December 2016 12:01:20 PM
....Two-thirds of the population own smartphones and the vast array of apps and functions means there are increasing distractions for drivers. The RAC’s annual report on motoring, published in September, found the number of drivers who admitted to using a handheld mobile phone on the road had increased from 8% in 2014 to 31%. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
.... It claims to have more than two million properties available to rent in 191 countries. Airbnb’s UK tax payments were detailed in annual reports filed last month by its two British subsidiaries and provide a rare snapshot of the scale of its booming business. ...
Executive pay: Companies told to justify rates image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:07:41 AM
...."But had the proposals outlined today by the secretary of state been in place six months ago, I'm not wholly convinced that we would have avoided the corporate governance scandals that have plagued the last summer," he told MPs. The proposals announced by Mr Clark include a bespoke code of practice for the largest private companies who would have to comply or explain why they had not in their annual report. ...
How to avoid Ryanair’s £1bn of pricey extras … and fly for free image
Source : Guardian [Read Article] Friday 25th of November 2016 10:30:00 AM
....69 (£40. 71 at current exchange rates), according to the company’s 2016 annual report, while the average cost of a ticket is €46. ...
Amazon v Donald Trump? Jeff Bezos may soon face his biggest challenge yet image
Source : Guardian [Read Article] Friday 18th of November 2016 07:13:20 PM
....However, Trump undoubtedly has the power to hurt Amazon. The company’s latest annual report, published before Trump’s victory, warns of the threat to its financial performance from “laws and policies of the US and other jurisdictions affecting trade, foreign investment, loans, and taxes”. ...
Oil industry faces boom-and-bust, warns IEA energy group image
Source : BBC [Read Article] Wednesday 16th of November 2016 11:45:54 AM
....The Opec oil producers' cartel made a similar point last week. "While the recent oil market environment has been one of oversupply, it is vital that the industry ensures that a lack of investments today does not lead to a shortage of supply in the future," said Opec's annual report. ...
HSBC insists Birmingham staff move is on track image
Source : Guardian [Read Article] Monday 14th of November 2016 04:10:34 PM
....A report by estate agents Knight Frank published last week said Birmingham was enjoying a renaissance, fuelled by manufacturers and the arrival of big banks and professional services firms, as well as the planned HS2 rail link. The monitor makes an annual report to regulators in the UK and US, and HSBC admitted in February – when it published its results for 2015 – that “significant concerns” had been raised about the slow pace of change to its procedures to combat crime. ...
Boardrooms 'need more ethnic diversity' image
Source : BBC [Read Article] Wednesday 2nd of November 2016 12:02:51 AM
.... . It also recommends that companies set out their efforts in their annual reports, and where necessary detail why targets have not been met. ...
China tops US in numbers of billionaires image
Source : BBC [Read Article] Thursday 13th of October 2016 07:13:28 AM
....The Hurun Report's rich list is one of the most closely-watched and accurate assessments of wealth in China. The annual report has been published for the past 18 years. ...
Finance sector should junk the jargon, says Bank analyst image
Source : BBC [Read Article] Tuesday 4th of October 2016 12:27:51 PM
...."Such effort would surely be welcomed . for example banks might publish an annual report for customers, cleansed of the complexity in the main report aimed at professional investors. ...
Sports Direct investors press for review of its practices image
Source : BBC [Read Article] Thursday 25th of August 2016 08:22:26 AM
....MPs also heard workers' stories alleging they were so worried about their jobs that they feared to call in sick, resulting in a number of ambulances being called to the warehouse in Shirebrook in Derbyshire. This week, the revelation of the distribution arrangement with Mr Ashley's brother has drawn the attention of City regulator the Financial Reporting Council, which is said to be looking into the agreement and why it was not disclosed in Sports Direct's annual report. ...
DVLA disputes £400m revenue loss following abolition of tax disc image
Source : Guardian [Read Article] Thursday 18th of August 2016 02:39:38 PM
....The DVLA said the data issued following the FoI request did not provide the full financial picture and that the amount of vehicle tax collected “did not” fall by £412m in the year following the tax disc being abolished. It said its annual report and accounts published last month showed that the amount of vehicle tax collected in 2015-16 was down by £93m – from £6. ...
FTSE 100 firms' pension deficit soars, says LCP image
Source : BBC [Read Article] Monday 15th of August 2016 11:01:23 PM
....The combined pension funds deficit for companies in the FTSE 100 has seen huge increases in the past year, according to pensions expert LCP. LCP, in its annual report on the pensions market, said that by the end of July, the deficit was an estimated £46bn, as against £25bn a year earlier. ...

RBS would move HQ south in event of Yes vote in independence referendum
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Source : Telegraph [Read Article] Sunday 14th of August 2016 11:26:28 AM
.... . The bank also used its annual report this month to state that a second referendum would “greatly increase” the economic risks it is facing. ...

Electoral fraud is a blight across the political spectrum – and my review can help to stamp it out
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....Since the Tower Hamlets judgment, there has been silence from our supposed watchmen. The Electoral Commission’s subsequent annual report and its forward-looking corporate plan made no reference to the Tower Hamlets judgment. ...

RBS warns Scottish independence would make Brexit upheaval worse
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Source : Telegraph [Read Article] Saturday 6th of August 2016 06:31:01 AM
....Nicola Sturgeon’s attempts to portray Scottish independence as a stable alternative to a post-Brexit UK have suffered a damaging blow after the Royal Bank of Scotland warned it would only make the situation significantly worse. RBS used its annual report to state that a second independence referendum would “greatly increase” the economic risks the bank is facing as a result June’s vote to leave the European Union. ...

BBC to deploy detection vans to snoop on internet users
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Source : Telegraph [Read Article] Friday 5th of August 2016 09:00:00 PM
....” . The broadcaster included the NAO report in a list of documents that it claimed to have published alongside its annual report last month, but never distributed the review or uploaded it to its website. ...

Prison governor attacked by inmate in Category C jail's canteen
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Source : Telegraph [Read Article] Friday 5th of August 2016 07:37:57 AM
....". In its last annual report, the prison's independent monitoring board had voiced concerns about staffing levels. ...
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We shall not shoulder the moral burden in society’s blame game
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Source : Telegraph [Read Article] Tuesday 2nd of August 2016 05:06:57 PM
.... Its main country of origin is Nigeria. The independent anti-slavery commissioner, a post that Mrs May’s legislation established, wrote in his annual report that “the trafficking of young women and girls from Nigeria to Europe is widely recognised as one of the most persistent global flows”. ...

Goddard Inquiry: New Zealand judge becomes Britain’s highest paid civil servant with £5m pay package
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.... . "It will also publish an interim report in 2018 (as it is required by its terms of reference to do) and annual reports to reflect progress to date and work going forward. ...

Home Office wastes £1.9m on ‘phantom’ deportations for failed asylum seekers
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....A Tory MP said taxpayers’ money was being wasted on “bogus” legal challenges and said the news would drive his constituents “absolutely mad”. The figure was contained in the Home Office’s annual report, which details the department’s losses as how much it has had to pay out for legal challenges. ...

Australia plans indefinite detention of convicted extremists 
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Source : Telegraph [Read Article] Monday 25th of July 2016 03:30:24 AM
....Attorney general George Brandis, speaking with Mr Turnbull in Sydney, said indefinite detention would be decided by a court-supervised process, which included medical and psychological assessments, and details of a prisoner's behaviour in custody. There will be a periodic review, an annual report to parliament and a statutory review of the efficacy and need for the scheme after the first several years, Brandis said. ...
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Crown Estate makes record £304m Treasury payout image
Source : BBC [Read Article] Tuesday 28th of June 2016 08:29:00 AM
....How rich is the Queen?. The Sovereign Grant's annual report for 2015-2016 shows the monarchy cost the Treasury £40. ...
Debt-fuelled growth could trigger financial crash, governments told image
Source : Guardian [Read Article] Sunday 26th of June 2016 05:22:28 PM
....The Bank for International Settlements has warned that governments need to abandon debt-fuelled growth and shift to more sustainable expansion plans as a “risky trinity” of low productivity, high debt and lack of central bank firepower stalks the global economy. In its annual report, the BIS – which is known as the central bank of central banks – said a repeat of the 2008 financial crash was possible unless the growing reliance on near-zero interest rates to keep the global economy afloat was eased by ministers stepping in to shoulder greater responsibility. ...
Tesco boss forced to defend bank chief's taxi bill before shareholders image
Source : Guardian [Read Article] Thursday 23rd of June 2016 06:13:44 PM
....”. Another shareholder, Michael Mason-Mahon, raised Lewis’s membership of the exclusive Wentworth golf club, which was listed among £10,000 worth of membership benefits in the company’s annual report. ...
Marks & Spencer cuts Marc Bolland's final bonus by 20% image
Source : Guardian [Read Article] Thursday 9th of June 2016 06:02:06 PM
....Vindi Banga, the chair of M&S’s remuneration committee, said after weighing up the retailer’s overall performance during the year, particularly in light of project delays, it had “determined that the bonus for the chief executive be subject to a discretionary downward adjustment of 20%”. The cut meant the Dutchman collected a bonus payment of £622,000, equivalent to 64% of his annual salary rather than 80%, according to the M&S annual report. ...
Burberry's Christopher Bailey took 75% pay cut in 2015 image
Source : Guardian [Read Article] Monday 6th of June 2016 12:22:09 PM
....After receiving £5. 7m in cash bonus and share awards for 2014, he got no such payments last year, the company’s annual report showed. ...
Sainsbury's boss enjoys 86% pay rise despite fall in underlying profits image
....8m last year despite a fall in underlying profits. The supermarket chief executive’s pay was boosted by a £767,000 bonus, his first as head of the company after he missed out in 2015, according to the company’s annual report published on Friday. ...
Royal Mail's Moya Greene reaps another £1.5m pay package image
Source : Guardian [Read Article] Friday 3rd of June 2016 06:00:45 PM
....The company, privatised in two share offerings in 2013 and 2015, has came under fire in recent years for the pay packages handed to Greene, including a 13% rise in total remuneration last year. Its latest annual report (pdf) shows that Greene is being paid £1. ...
Home Retail boss in line for £5m windfall after a Sainsbury's takeover image
....It is not clear if Walden will stay on if Sainsbury’s finalises the £1. 4bn takeover deal, but Home Retail Group’s annual report published on Tuesday revealed that in either case the chief executive would be able to cash in more than 650,000 shares and options, which are not subject to performance conditions. ...
Revealed: cancer scientists' pensions invested in tobacco image
Source : Guardian [Read Article] Monday 30th of May 2016 04:44:29 AM
....Scientists funded by Cancer Research UK who spend their lives hunting for cures for the disease are among thousands of academics whose pensions are invested in the tobacco industry, the Guardian can reveal. The latest annual report for the university staff’s pension fund shows it had £211m invested in British American Tobacco in the year to 31 March 2015 – its fifth biggest listed equities holding. ...
Legal & General understates CEO's pay in annual report image
Source : Guardian [Read Article] Wednesday 25th of May 2016 10:34:44 AM
....Executive pay can be fiendishly hard to calculate and even harder for the public to comprehend – and now it seems that the same is true for the owners of one of the biggest fund managers in the UK. Legal & General, the insurance company, has been forced to admit that it made a mistake in the pay of its chief executive, Nigel Wilson, when it published its annual report almost 10 weeks ago. ...
UK Asset Resolution deal triggers bonuses for 2,000 employees image
Source : Guardian [Read Article] Tuesday 24th of May 2016 03:00:00 PM
....He is leaving UK Asset Resolution, the body that controls both businesses, to run Computershare, the organisation that is taking over the processing of outstanding home loans. UKAR’s annual report discloses that Banks will receive a bonus of £211,750 through a scheme known as the Phoenix incentive plan, designed to reward staff for the sell-off of the mortgage processing operation. ...
City News: Tata, Shell, Lloyds Bank image
Source : Daily Express [Read Article] Monday 23rd of May 2016 07:55:00 AM
....6million he was paid in 2014 in the wake of plunging profits. Shell's latest annual report revealed boss Mr van Beurden's total pay for last year was £4. ...
Cashless Britain advances as contactless and debit cards thrive image
Source : Guardian [Read Article] Sunday 22nd of May 2016 11:01:22 PM
.... Following a consumer revolt the plans were abandoned, and today the body says cheques remain a “convenient and secure method” for making payments. Its annual report charts the changing nature of how British households choose to spend their money. ...
Co-op bank says bonus rules could mean higher salaries and costs image
Source : Guardian [Read Article] Friday 20th of May 2016 02:46:43 PM
....The Co-op bank said it did “not now meet its individual capital guidance and combined buffer. As noted in our annual report and accounts, under the PRA rulebook, not meeting the combined buffer prevents the bank from creating an obligation to pay variable remuneration during the period of non-compliance. ...
Royal Mail sees 33 per cent slump in profits – but revenue rises to £9.2billion image
.... . “A failure to do so will lead to the overtime ban and work to rule that our members are engaged in hitting deliveries to homes and businesses – a fact which we note is glossed over in Royal Mail’s annual report. ...
Standard Life chairman says boardroom pay is too high image
Source : Guardian [Read Article] Tuesday 17th of May 2016 06:59:34 PM
....One private shareholder, Anthony Lee, said at the meeting: “One would be ungracious not to applaud Keith Skeoch for handing some of his bonus back. ” But he added: “These are still very high rates of bonuses and [they are] given in the annual report with a lack of clarity which sometime you should get a prize for. ...
Heathrow airport executives need to fly straight on bonuses image
Source : Guardian [Read Article] Monday 16th of May 2016 06:17:20 PM
....Possibly. But Heathrow has been oddly shy about confirming the existence of the bonus scheme until it had to be disclosed in the annual report. ...
HSBC starts laying off 840 IT staff in UK image
Source : Guardian [Read Article] Monday 16th of May 2016 01:01:28 PM
....When the restructuring plan was announced, the chief executive, Stuart Gulliver, said most of the job losses in Britain would come from staff leaving on their own accord. HSBC has 47,000 workers in the UK at the end of December 2015, according to its most recent annual report. ...
Church of England sells investments fearing market slowdown image
Source : Guardian [Read Article] Sunday 15th of May 2016 11:01:19 PM
.... That amounts to about 6% of its £4bn equities holdings. Writing in the church commissioners’ annual report, Whittam Smith highlighted the past 30 years’ performance but added: “Unfortunately, it may be harder in the future to achieve such a satisfactory performance. ...
Heathrow Airport bosses to net bonus if third runway awarded image
Source : Guardian [Read Article] Sunday 15th of May 2016 03:20:27 PM
....6bn third runway, it has emerged. Although the west London airport has previously denied the existence of any such financial incentives – not least when senior executives at rival Gatwick were found to have incentives to win a second runway – the annual report of Heathrow Airport Holdings states that during 2015 “a new bonus scheme was launched based on EBITDA, passenger service and airport expansion over the Q6 period” (pdf), which runs from 2014 to 2020. ...
Tesco boss Dave Lewis paid £4.6m image
Source : Guardian [Read Article] Friday 13th of May 2016 07:17:07 AM
....3m, a short-term annual bonus of £2. 99m, benefits worth £80,000 and a £313,000 contribution to his pension, the company’s annual report showed (pdf). ...
Companies run by ex-cricketer Phil Edmonds 'paid bribes to officials' image
Source : Guardian [Read Article] Wednesday 11th of May 2016 08:00:08 PM
....9m in 2009. In its 2011-12 annual report, the firm admitted it had “significantly” over-estimated what the plane was worth before revealing that African Medical sold the subsidiary that owned the Falcon for $1. ...
Channel 4 bosses get near-maximum bonuses after record revenues image
Source : Guardian [Read Article] Tuesday 10th of May 2016 09:21:23 AM
.... Instead bonuses – or variable pay – are linked to “creative achievement and financial sustainability”. “We are doing all this in a climate of some uncertainty about the future of Channel 4, as the government considers options for our future,” said Abraham in a statement in the broadcaster’s annual report published on Tuesday. ...
Channel 4 bosses get near-maximum bonuses after record revenues image
Source : Guardian [Read Article] Tuesday 10th of May 2016 09:21:23 AM
.... Instead bonuses – or variable pay – are linked to “creative achievement and financial sustainability”. “We are doing all this in a climate of some uncertainty about the future of Channel 4, as the government considers options for our future,” said Abraham in a statement in the broadcaster’s annual report published on Tuesday. ...
Ditch tobacco sponsors, health experts warn cultural institutions image
Source : Guardian [Read Article] Saturday 30th of April 2016 07:34:13 PM
....But Hopkinson suggested that the tobacco firms were using their support for the arts to retain key staff to give themselves a commercial advantage. “In its annual report, British American Tobacco identifies the difficulty recruiting people because of the industry’s poor reputation, as a risk to its future profits,” Hopkinson said. ...

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