City bonuses beat Wall Street after cap scrapped April 22, 2025 UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]
FTSE 100 companies to bolster top bosses’ pay and accelerate reviews April 7, 2025 FTSE 100 companies are looking to bolster executive pay and fast-track review periods in a bid to remain competitive with US peers, according to fresh research from Deloitte. The firm’s report showed 24 of 55 companies that published their annual reports for 2024 have sought shareholder approval for new pay policies. This is up from [...]
Exclusive: Law firm Shoosmiths ties bonuses to AI usage April 2, 2025 Law firm Shoosmiths is the first major firm to link a firmwide bonus to its workforce's use of artificial intelligence (AI).
HSBC investment bankers axed on bonus day received no bonus March 27, 2025 HSBC issued no bonuses to axed investment bankers, despite letting them go on the day they were set to learn their pay award figures. The FTSE giant told staff in its investment arm last month that they were facing the chop after the firm announced in January it would wind down mergers and acquisitions advisory [...]
Deliveroo: Will Shu lined up for massive pay day March 20, 2025 The founder and chief executive of Deliveroo could be in line for massive pay day in the wake of the FTSE 250 delivery giant making its first annual profit. The company could hand Will Shu a pay packet of more than £5.6m after adding the CEO to its long-term incentive plan and if Deliveroo’s shares [...]
City law firm ties bonuses to office attendance March 19, 2025 Lawyers at A&O Shearman have been re-warned that bonuses may be affected if they fail to comply with the office attendance policy
Lok’nStore slumps to a loss after £378m takeover as bonuses cut March 13, 2025 UK self-storage group Lok’nStore slumped to a loss in the year it was taken private in a deal worth around £378m, it has been revealed. The Surrey-headquartered company was snapped up by Belgium’s Shurgard in April 2024. Lok’nStore had been listed on the London Stock Exchange’s AIM since 2000. New accounts filed with Companies House show [...]
BAE Systems boss in line for huge pay day at FTSE 100 giant March 3, 2025 The chief executive of FTSE 100 defence giant BAE Systems is in line for a huge pay day if shareholders approve proposed changes to the group’s remuneration policy. Charles Woodburn could be handed a bonus worth 500 per cent of his base salary, which currently sits at £1.27m, if he is still in post in [...]
Pay for Lloyds Bank’s top bosses jumps to £5.6m February 28, 2025 Lloyds Bank’s top executives have received a bumper windfall despite the lender’s rocky results and mass closure of high-street branches. In its annual report published on Thursday, the bank said its top two bosses would receive nearly £2m in bonuses in 2024 in addition to their regular payouts. Chief executive Charlie Nunn will receive a [...]
Victorian Plumbing billionaire in line for huge pay day after bonus boost January 22, 2025 The billionaire founder and chief executive of Victorian Plumbing is in line for a huge pay day after his company decided to up his salary and potential bonus. The London AIM-listed company’s remuneration committee has decided to increase Mark Radcliffe’s base salary from £250,000 to £400,000 from 1 April, 2025. The committee has also increased [...]