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Socially Most Trending News

. The multimillionaire co-founders of Superdry have launched an innovative bonus scheme to share a fifth of their share price gains with the fashion brand’s 4,500 employees. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 06:35:18 AM
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....”. Ullmann said the company would share some its profits with its 1,500 permanent staff, a scheme reminiscent of John Lewis’s annual staff bonus scheme, and would encourage businesses that use its temporary staff to do the same. ... [Read full article on Guardian ]
Monday 11th of September 2017 05:00:04 AM
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.... Asda had “proactively engaged with suppliers to rectify any lump sum arrangements, which should not have been made” and put further safeguards in place to prevent any further breaches. The GCA report added that the project renewal strategy had been designed by a consultancy commissioned by Asda to achieve cost savings, and it was clear that “the role of the third party consultants was closely bound up with the issues raised”, as they had been able to achieve bonuses based on the amount of money they were able to save Asda. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 06:29:45 PM
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....Several weeks later, Google hired a male software engineer, who graduated the same year as Ellis, into a “Level 4” position on her team, the complaint said. Level 4 engineers “receive substantially higher salary and opportunities for bonuses, raises, and equity”, her lawyers wrote. ... [Read full article on Guardian ]
Thursday 14th of September 2017 06:00:42 PM
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....”. O’Leary disputed Norwegian’s figures - but admitted that Ryanair has begun offering pilots at captain level a €10,000 “signing-on bonus” to join. ... [Read full article on Guardian ]
Monday 18th of September 2017 06:38:58 PM
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.... We are well set for our all-important seasonal peak, but we expect the headwinds that have dampened consumer demand and put pressure on margins to continue into next year,” he said. In March, when John Lewis announced full-year results for 2016, the bonus for staff was cut to just 6% of salary, the lowest level since the 1950s and down from 10% the year before. ... [Read full article on Guardian ]
Thursday 14th of September 2017 07:20:55 AM
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.... The average pay of chief executives was $367,000, a 10% increase on the previous year. The boss also collected an average bonus of 45% of their base salary. ... [Read full article on Guardian ]
Monday 11th of September 2017 11:01:19 PM
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....Pay for Britain’s top bosses has fallen by almost a fifth, suggesting companies may be reining in excessive rewards as the government reviews options for further reform. The median pay for chief executives at FTSE 100 companies, which includes bonuses and other long-term incentives, fell 19% to £3. ... [Read full article on Guardian ]
Monday 21st of August 2017 06:01:04 AM
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....Wages, though, are not keeping pace. City economists predict that Wednesday’s labour market statistics will show that average earnings, excluding bonuses, rose by 2. ... [Read full article on Guardian ]
Monday 11th of September 2017 05:01:04 AM
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.... The comforting idea that inflation will slowly fall as autumn arrives, and that a rate rise is a year away, is not nailed down yet. At last, some original thinking on bonuses. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 08:00:31 PM
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. Eric Daniels, the chief executive of Lloyds Bank when it was bailed out with £20bn of taxpayer money during the 2008 financial crisis, is suing the bank for hundreds of thousands of pounds in disputed bonuses. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 11:22:18 AM
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....7m in 2015. He also received an almost maximum bonus of £1. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 03:44:16 PM
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....The complaints against Hellawell are well known and extend far beyond the failure to honour a promise to commission an independent review of working practices. He tolerated a lack of a permanent finance director for three years, ran into rows over bonuses, sanctioned trading arrangements with members of Ashley’s family and is seemingly happy with Sports Direct’s baffling habit of buying stakes in other retailers. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 06:42:09 PM
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Tuesday 12th of September 2017 12:30:45 PM
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....Its chief executive, Peter Crook, who earned £6. 3m in pay and bonuses last year, stepped down with immediate effect, with Manjit Wolstenholme becoming executive chairman. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 09:40:50 AM
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....1% prediction made last year, and 2% signalled in March, to between 0% and 1%. Before you shed a tear for the the perma-tanned WPP boss, who raked in £70m in salary, shares and bonuses in 2015 and £48m last year, his investors are likely to stick with him. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 06:17:13 PM
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....The pay freeze that we have been subject to has led me into deeper and deeper debt, no savings, a broken marriage, a host of creditors seeking payments and an inability to keep up with rising utilities, fuel and food prices. It’s an absolute disgrace that while politicians and bankers still award themselves pay increases and bonuses, those that had no part in creating the recession are suffering more and more. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 06:00:14 AM
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. Sports Direct has handed £43m in share bonuses to a group of nearly 2,000 permanent staff who took part in an incentive scheme launched in 2011. ... [Read full article on Guardian ]
Friday 8th of September 2017 06:21:35 PM
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....”. Reports in the Irish media suggest Ryanair has begun offering pilots a €10,000 (£8,800) “signing-on bonus” to join. ... [Read full article on Guardian ]
Monday 18th of September 2017 02:23:23 PM
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.... He left the bank with a £5m pension pot in 2011 but, as the PPI bills mounted, had a £1. 45m bonus for 2010 pared back to £300,000. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 12:21:30 PM
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. Ryanair has offered pilots a one-off bonus of up to £12,000 to forfeit holidays, according to a memo seen by the Guardian, as it battles to prevent further flight cancellations caused by a “mess-up” in its rota system. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 01:25:39 PM
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....“Further regulation, such as the expansion of gaming duty on casino, poker and bingo free bets in the UK taking effect in the second half of 2017, will increase the cost base for operators in the UK. At the same time, enhanced regulation in the UK around areas such as television advertising and bonuses will impact overall UK market growth. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 08:49:24 AM
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....At Berkeley Group’s annual meeting in Cobham, 16% of shareholders voted against the housebuilder’s remuneration report. The company handed its boardroom £92m in long-term share bonuses for 2016, in one of the biggest executive payouts ever in the City. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 12:13:16 PM
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Latest Finance News related to Bonus

Ryanair offers pilots £12,000 bonus to tackle cancelled flights fiasco image
Source : Guardian [Read Article] Tuesday 19th of September 2017 01:25:39 PM
. Ryanair has offered pilots a one-off bonus of up to £12,000 to forfeit holidays, according to a memo seen by the Guardian, as it battles to prevent further flight cancellations caused by a “mess-up” in its rota system. ...
Ryanair to tell 400,000 passengers of cancelled flights after roster 'mess-up' image
....”. O’Leary disputed Norwegian’s figures - but admitted that Ryanair has begun offering pilots at captain level a €10,000 “signing-on bonus” to join. ...
Ryanair vows to publish details of all flights cancelled in next six weeks image
Source : Guardian [Read Article] Monday 18th of September 2017 02:23:23 PM
....”. Reports in the Irish media suggest Ryanair has begun offering pilots a €10,000 (£8,800) “signing-on bonus” to join. ...
'People want a family, a social life': the part-time working revolution image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
....They have recently begun a project with five big high street retailers, helping design job shares and flexible jobs at management level so that shopfloor staff – many of whom go into retail because it suits family life, only to get stuck in jobs they’ve outgrown – can climb the ladder without increasing their hours. (The bonus for employers, which include Tesco and John Lewis, is that promoting in-house is cheaper and easier than poaching talent from outside. ...
Google 'segregates' women into lower-paying jobs, stifling careers, lawsuit says image
....Several weeks later, Google hired a male software engineer, who graduated the same year as Ellis, into a “Level 4” position on her team, the complaint said. Level 4 engineers “receive substantially higher salary and opportunities for bonuses, raises, and equity”, her lawyers wrote. ...
John Lewis profits halve as chairman warns over Brexit uncertainty image
Source : Guardian [Read Article] Thursday 14th of September 2017 07:20:55 AM
.... We are well set for our all-important seasonal peak, but we expect the headwinds that have dampened consumer demand and put pressure on margins to continue into next year,” he said. In March, when John Lewis announced full-year results for 2016, the bonus for staff was cut to just 6% of salary, the lowest level since the 1950s and down from 10% the year before. ...
Superdry's co-founders to share wealth with 4,500 employees image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:35:18 AM
. The multimillionaire co-founders of Superdry have launched an innovative bonus scheme to share a fifth of their share price gains with the fashion brand’s 4,500 employees. ...
Murdochs' Sky bid isn't the slam dunk it looked a month ago | Nils Pratley image
Source : Guardian [Read Article] Tuesday 12th of September 2017 08:00:31 PM
.... The comforting idea that inflation will slowly fall as autumn arrives, and that a rate rise is a year away, is not nailed down yet. At last, some original thinking on bonuses. ...
Hammond eases public sector pay cap, but the squeeze goes on image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:22:02 PM
....Philip Hammond’s re-emergence as a power in the cabinet can be seen clearly as the battle rages inside government over the thorny question of public sector pay. There may have been a green light from No 10 to rip up the current cap and give the police and prison officers a 1% rise plus a 1% bonus for 2017-18, but the Treasury has made sure the bonus is not part of workers’ consolidated, pensionable pay and is funded from within existing budgets. ...
World's wealthiest families keep getting richer as markets boom image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
.... The average pay of chief executives was $367,000, a 10% increase on the previous year. The boss also collected an average bonus of 45% of their base salary. ...
UK prices rising faster than wages as forecasters predict inflation at 2.8% image
Source : Guardian [Read Article] Monday 11th of September 2017 05:01:04 AM
....Wages, though, are not keeping pace. City economists predict that Wednesday’s labour market statistics will show that average earnings, excluding bonuses, rose by 2. ...
Recruitment agency Cordant morphs into social enterprise image
Source : Guardian [Read Article] Monday 11th of September 2017 05:00:04 AM
....”. Ullmann said the company would share some its profits with its 1,500 permanent staff, a scheme reminiscent of John Lewis’s annual staff bonus scheme, and would encourage businesses that use its temporary staff to do the same. ...
Sports Direct pays out £43m bonus among 2,000 staff image
Source : Guardian [Read Article] Friday 8th of September 2017 06:21:35 PM
. Sports Direct has handed £43m in share bonuses to a group of nearly 2,000 permanent staff who took part in an incentive scheme launched in 2011. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
....The complaints against Hellawell are well known and extend far beyond the failure to honour a promise to commission an independent review of working practices. He tolerated a lack of a permanent finance director for three years, ran into rows over bonuses, sanctioned trading arrangements with members of Ashley’s family and is seemingly happy with Sports Direct’s baffling habit of buying stakes in other retailers. ...
Sports Direct chairman narrowly survives shareholder revolt image
Source : Guardian [Read Article] Wednesday 6th of September 2017 12:13:16 PM
....At Berkeley Group’s annual meeting in Cobham, 16% of shareholders voted against the housebuilder’s remuneration report. The company handed its boardroom £92m in long-term share bonuses for 2016, in one of the biggest executive payouts ever in the City. ...
Asda forced to repay suppliers after breaching fair dealing code image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:29:45 PM
.... Asda had “proactively engaged with suppliers to rectify any lump sum arrangements, which should not have been made” and put further safeguards in place to prevent any further breaches. The GCA report added that the project renewal strategy had been designed by a consultancy commissioned by Asda to achieve cost savings, and it was clear that “the role of the third party consultants was closely bound up with the issues raised”, as they had been able to achieve bonuses based on the amount of money they were able to save Asda. ...
888 slips into loss after record fine for failing vulnerable gamblers image
Source : Guardian [Read Article] Tuesday 5th of September 2017 08:49:24 AM
....“Further regulation, such as the expansion of gaming duty on casino, poker and bingo free bets in the UK taking effect in the second half of 2017, will increase the cost base for operators in the UK. At the same time, enhanced regulation in the UK around areas such as television advertising and bonuses will impact overall UK market growth. ...
Former Provident Financial chief forfeits £4m after profit warning image
Source : Guardian [Read Article] Friday 1st of September 2017 05:56:36 PM
. The former chief executive of Provident Financial is to forfeit pay and bonuses worth up to £4m after last week’s shock profit warning that sent the doorstep lender’s shares into a tailspin. ...
Why the rise of the robots could allow humans to flourish again | Giles Fraser: Loose canon image
.... Rather, it is a way for the church to support its clergy so that they can do their thing without a concern for basic material welfare. There is no bonus for more bums on pews. ...
Why ECB president is still flooding the system with cheap money image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:17:13 PM
....1% prediction made last year, and 2% signalled in March, to between 0% and 1%. Before you shed a tear for the the perma-tanned WPP boss, who raked in £70m in salary, shares and bonuses in 2015 and £48m last year, his investors are likely to stick with him. ...
Former Lloyds boss Eric Daniels sues bank for withheld bonuses image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:22:18 AM
. Eric Daniels, the chief executive of Lloyds Bank when it was bailed out with £20bn of taxpayer money during the 2008 financial crisis, is suing the bank for hundreds of thousands of pounds in disputed bonuses. ...
'I use food banks' – workers on the impact of the pay squeeze image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 06:00:14 AM
....The pay freeze that we have been subject to has led me into deeper and deeper debt, no savings, a broken marriage, a host of creditors seeking payments and an inability to keep up with rising utilities, fuel and food prices. It’s an absolute disgrace that while politicians and bankers still award themselves pay increases and bonuses, those that had no part in creating the recession are suffering more and more. ...
FTSE 100 executive pay falls by 19% ahead of controversial reforms, says Deloitte image
....Pay for Britain’s top bosses has fallen by almost a fifth, suggesting companies may be reining in excessive rewards as the government reviews options for further reform. The median pay for chief executives at FTSE 100 companies, which includes bonuses and other long-term incentives, fell 19% to £3. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
....8bn saved towards buying a home. It’s not difficult to see why they have been popular – the government gives a 25% bonus on savings of up to £12,000, worth £3,000 for an individual or £6,000 for a couple. ...
Ten years after the crash, there’s barely suppressed civil war in Britain | Aditya Chakrabortty image
.... But the highest earners are way ahead of where they were in 2008. Finance-sector bonuses are as generous as they were during the boom, while a bad year for the average FTSE boss is one in which he or she pulls in a mere £4. ...
Sainsbury’s is right to delay Nisa deal after Tesco-Booker concerns | Nils Pratley image
....The board of CBA initially reacted by blaming a software glitch. It docked a few executive bonuses but, even as the deputy governor of the central bank was making pointed criticisms, backed its man. ...
Want to insure a learner driver? Here’s what you need to know image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... Typically, it provides fully comprehensive cover when the learner driver is behind the wheel and also during their driving test if they intend to use the same car. Crucially, for the main policyholder, this means that if the learner prangs the vehicle, a claim would be made on this policy – leaving the car owner’s main policy untarnished and any no claims bonus protected. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....4m) in expenses that included luxury cars and salaries paid to the “significant others” of the company’s top executives, according to a Pentagon audit. New Century Consulting (NCC) also spent $42,000 on automatic weapons, using cash to get around a prohibition in the contract on purchasing the firearms and showered other personnel with hefty pay and bonuses. ...
Payment in gold bullion banned under new law to combat tax evasion image
Source : Guardian [Read Article] Monday 7th of August 2017 05:33:52 PM
....Bill Longe, a tax expert at accountants RSM, said the gold bullion scheme dates back decades. “People used to be paid in all sorts of assets – hay, wine, Persian carpets, Turkish lira, gold bullion, platinum – all these arrangements were freely available and a means of avoiding tax and National Insurance contributions on bonuses. ...
Banks issue new sort codes in ringfencing of high street operations image
Source : Guardian [Read Article] Sunday 6th of August 2017 03:15:24 PM
....HSBC announced last week that it had moved 170,000 accounts, with the rest to be completed by the end of next month. To comply with the ringfencing rules, HSBC is setting up a new head office in Birmingham and trying to encourage staff to move there by offering cash bonuses of up to £2,500 if employees can convince a colleague to relocate from London, where the head office for its global operations is based in Canary Wharf. ...
Path internships show government is on the wrong track | Greg Jericho image
Source : Guardian [Read Article] Saturday 5th of August 2017 10:14:46 PM
....It’s a sweet deal. But common sense tells you it is not an employment policy, but an industry subsidy with a nice bonus of bashing people on welfare as slackers. ...
Lifetime Isa proving popular as young savers rush to snap them up image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....Launched in April, a Lisa lets you save tax-free for either a property or retirement. The crucial difference to standard Isas is that you also get a government bonus equal to 25% of what you save. ...
Help To Buy: Fears first-time buyer scheme will be AXED image
Source : Daily Express [Read Article] Friday 4th of August 2017 03:33:00 PM
. The Help To Buy ISA was only launched at the end of last year and gives savers a 25 per cent bonus on savings, which can then be used as a deposit for a first home. ...
Have we reached 'peak London' as millennials leave in record numbers? image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:05:04 PM
....If the number of those leaving is increasing (the report says 93,300 people fled this year), London is still growing, overall. And we don’t know from figures like these how much is “pull” and how much is “push”; how many are homeowners cashing in on the London property bonus, buying something bigger and taking portable careers with them, and how many are wrenching themselves away from families, social networks and jobs that don’t exist outside of the capital. ...
Sale of Holy Island pub is heavenly opportunity for beer pilgrims image
Source : Guardian [Read Article] Friday 28th of July 2017 02:03:21 PM
.... Forget to check the tide timetables and that beer delivery will end up stuck on the Northumbrian mainland until long after the lunchtime rush. The bonus is the number of patrons who will have nothing better to do than have another drink when they mistime their departure and have to wait at least four hours until the exit route is no longer underwater. ...
ITV chairman says it will never reveal how much it pays its stars image
Source : Guardian [Read Article] Wednesday 26th of July 2017 08:52:21 AM
....Following the arrival of the new chief executive, Carolyn McCall, the easyJet chief who joins on 8 January, the ratio will become three to five. From next year, the government is forcing companies with more than 250 employees to disclose how much they are paying in salaries and bonuses to their male and female staff, which will be published in a league table ranking large firms by their gender pay gaps. ...
Sport and sunshine fuel surge in UK supermarket alcohol sales image
Source : Guardian [Read Article] Tuesday 25th of July 2017 11:59:45 AM
....3%, and Asda the slowest, with sales up 1%, but all four lost market share compared with a year ago as the discounters opened more stores. Clive Black, a retail analyst at Shore Capital, said the weather was a bonus to supermarkets, helping to boost demand where better management, a rising volume of sales and manageable inflation were already boosting cash generation. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
....The crisis has claimed more than 300,000 lives over the past 15 years. The Teamsters also want shareholders of McKesson meeting in Dallas on Wednesday to vote against a huge bonus for the present chairman and CEO, John Hammergren, one of the highest paid executives in the country. ...
Wall Street duo make $150m each on back of Trump election victory image
Source : Guardian [Read Article] Monday 24th of July 2017 10:36:39 AM
....Dimon was also the best-paid banking boss in the world for the second year running, raking in $28. 2m of pay, bonus and pension contributions last year. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
.... They are certainly getting good value from their national insurance payments when they were working. Along the way they will also enjoy a £3,000 winter fuel bonus and once they reach 75, as they nearly all will, the TV licence is free, saving £147 a year. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....2bn loss centred on Iksil, who Martin-Artajo supervised and for whom Grout worked. Prosecutors said Martin-Artajo and Grout acted in part to enhance their prospects for promotions and bonuses. ...
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik image
.... Leave London, with its favourable regulation and amenable political class, its convenient red-eye flights to New York and thriving cultural scene? Sure, the option was there if the climate ever became too hostile, but few really expected it to do so. During the 2009 furore over the government’s plans to levy a supertax on bankers’ bonuses, I recall colleagues in the private investment firm where I worked scoffing at their own industry’s threats to relocate from the UK due to the punitive legislation. ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ...
Are these the cheapest countries for expat living? image
Source : Daily Express [Read Article] Monday 17th of July 2017 04:00:00 PM
....The countries on this list offer far more than savings - their cultures, locations and opportunities are extensive and unique. They just have the added bonus that, because things are so relatively inexpensive, you can afford to enjoy and experience even more of it. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....However, under the performance share plan McCall will be eligible for 265% of salary, while Crozier was awarded 225%. The existing annual bonus of up to 180% of salary remains the same. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... “They said my payslips don’t show the figures BA tells people we earn. ” Allowances, incentives and bonuses over basic pay count for little when applying for a mortgage, crew say. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
.... Ofcom’s annual report shows that White’s salary increased from £275,000 to £316,250 in the last financial year. Including bonuses, she collected £430,309, up from £375,200. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
....5m. While he waived his entitlement to any annual bonus for the year, his total was boosted by a £1. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
.... A report by MPs later accused Ashley of running Sports Direct like a Victorian workhouse. Blue was paid a £1m bonus, which Ashley claims was unrelated to the alleged pub deal. ...
Channel 4 chief David Abraham receives record pay package image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:25:12 PM
....However, flagship Channel 4 maintained its audience share in the face of a “tsunami of sport” aired by rivals including the Rio Olympics. The board awarded Abraham a bonus of £256,000, on top of his £560,000 basic salary, plus £140,000 in pension contributions. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....The prolonged drop in real wages reflects the rising pressure on household budgets as prices rise at a faster rate than pay. The ONS said that before inflation, regular pay growth excluding bonuses picked up slightly to 2% year on year in the three months to May, from 1. ...
Mark Zuckerberg’s got some cheek, advocating a universal basic income | Sonia Sodha image
.... Zuckerberg has no right to pronounce on what the welfare state should look like while Facebook takes aggressive measures to minimise its tax burden. Here in the UK, Facebook paid just £4,327 in corporation tax in 2014, despite paying its UK staff bonuses of £35m. ...
Spending falls at fastest rate for four years as consumers tighten belts image
....”. Official figures to be published on Wednesday are expected to show that wage growth including bonuses slowed to 1. ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
....Facebook, which made profits of $12. 4bn last year, has previously been criticised for exacerbating the housing crisis in Menlo Park by offering its staff a $10,000 bonus to move closer to its head office. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
....The Bank of England is worried that the UK stands in the foothills of the same debt mountain. Public spending is under pressure to ameliorate the worst of an economic slowdown while the banks, still wedded to a bonus culture that spurs reckless lending, are shovelling money out of the door in any way they can. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... And when they sign people up, you earn a small share of the money they spend too. The company says there are “customer gathering bonuses” averaging £20 for each person you sign up, plus “fast start bonuses” for new partners worth up to £1,000, “residual income” (ongoing commission from the people you have signed up), “group residual income” (ongoing commission from the customers that those in your “team” sign up), and “QUIP” payments (a way of accelerating your residual income). ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
....”. Some of the schemes to finance the purchase of co-operative pubs offer those participating the bonus of a financial return. ...
Let’s move to Hove, East Sussex: ‘It attracts more young people than anywhere in the country’ image
.... Secondaries: Blatchington Mill and Hove Park are “good”. Hang out at… Spoilt for choice, with the added bonus that you won’t need to elbow out tourists at plum spots such as the Foragers or the Ginger Pig. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....3% tax on financial transactions. Bankers’ bonuses will no longer be considered when labour courts decide on unfair dismissal compensation under the proposals, easing the cost of labour disputes for French financial institutions. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....”. Ashley denied Blue’s allegations that he paid senior Sports Direct managers multimillion-pound bonuses from his personal funds to artificially keep down the pay of other staff. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. Jeffrey Blue, the investment banker who is suing Mr Ashley, claims that he promised to pay a £15m bonus if the share price doubled to £8. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
.... The risk that the trustee might not set up a sub-trust or give a loan of the sub-trust funds to the footballer does not alter the nature of the payments made to the trustee of the Principal Trust. "The discretionary bonuses made available to RFC's employees through the same trust mechanisms also fall within the tax charge as these were given in respect of the employee's work. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....Ashley told the high court on Wednesday that he could not believe that Blue was “trying to take me for £14m off the back of some drunk banter that he is seeking to engineer into something more”. The claimed deal was for £15m, but Blue was paid a £1m bonus and is suing for the £14m balance. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
.... He claims that Ashley agreed to pay him £15m if he could help double Sports Direct’s share price within three years. The shares did hit the £8-a-share target, and Blue was paid a £1m bonus but is pursuing Ashley for the claimed balance. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....Ashley, who was exposed for paying warehouse staff effectively less than the minimum wage, is alleged to have paid former Sports Direct boss Dave Forsey £1m a year on top of his “official” £150,000 salary as “a side payment so as artificially to cap the wages of other staff”. The sportswear tycoon is also alleged to have personally paid Forsey a secret £5m bonus – on top of a another publicly declared £5m company bonus – for his role in helping Sports Direct float on the stock market and turn Ashley into a billionaire in 2007. ...
Lenders told to be vigilant over loans image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:52:05 AM
....In a separate development, the FCA has highlighted risks with staff incentives at credit firms. It reviewed 98 firms and found that some had "inadequate systems and controls" to manage the risks of staff earning bonuses by increasing lending. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....The PRA – which regulates 40% of providers of car finance and 80% of the credit card market – looks at the consumer finance market from the perspective of the lenders. The impact on borrowers is considered by the Financial Conduct Authority, which is scheduled to provide an update on its views later this month but on Tuesday told firms to scrutinise their bonus schemes. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
....04pm on 25 February 2014 Blue’s wife, who was also in court, texted him to say: “It’s hit 8!!!!!”. Ashley paid Blue a £1m bonus in May 2014, but said this was discretionary and not a downpayment on the alleged £15m deal agreed in the Horse and Groom. ...
Nisa denies staff annual bonuses despite hitting performance targets image
. Nisa, the convenience chain that is in takeover talks with Sainsbury’s, has angered several hundred head office staff by denying them annual bonuses despite hitting performance targets. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....The issue specifically affects workers, who make less than £11,500 per year and contribute to a pension but do not pay taxes. All pension-contributors are entitled to a bonus from the Government, given in the form of tax relief. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
.... Some of Tesco’s soon-to-be-former employees may wonder if the £5. 3m paid to Lewis in bonuses over the past two years was a reward for a commercial revival that hasn’t yet happened. ...

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