In charts: Bonuses help push UK wage growth up to 2.1 per cent as unemployment falls February 18, 2015 The UK’s unemployment rate tumbled to 5.7 per cent between October and December, while growth in pay rose to its highest since 2013, according to "corking" figures published by the Office for National Statistics today. Pay leapt 0.4 percentage points to 2.1 per cent including bonuses, but slowed to 1.7 per cent excluding bonuses. The [...]
Ocado delivers first profit of £7.5m but cuts bonuses by 40 per cent February 12, 2015 Grocery delivery service Ocado reported its first profit yesterday, of £7.5m for 2014, up from the £5.1m loss in 2013, although top executives had their bonuses slashed by around 40 per cent. Executive directors only reached half their targets, resulting in total bonuses paid dropping nearly £800,000 compared to 2013 totals. Group sales went up [...]
Mike Ashley’s Sports Direct faces million-pound claim over bonus scheme which excluded zero-hour contracted staff February 3, 2015 Mike Ashley’s Sports Direct faces legal claims over its bonus scheme from hundreds of staff working at its stores which could run into millions of pounds. Nearly 300 workers on zero-hours contracts were excluded from a bonus scheme which gave around 2,000 staff who were permanently employed a windfall share of £160m worth of shares [...]
European Central Bank eyes bankers’ bonuses and share options January 29, 2015 The European Central Bank (ECB) has cast its eye over bankers' bonuses and share options, saying banks should pay more attention to their capital ratios when they dole out this kind of variable remuneration. In its relatively new role as the Eurozone's chief bank adviser, the ECB said it would "thoroughly examine" banks' policies regarding [...]
How much are Tim Cook and Apple’s top executives paid? Salary and bonuses rise after 2014 share price highs January 23, 2015 Tim Cook got a pay rise for the first time in three years, while the bonuses of Apple’s senior executives soared as shares in the tech company hit an all-time high last year Cook boasted a $2m (£1.3m) salary last year, a $6.7m bonus and £774m in other compensation, bringing his total remuneration to $9.2m, [...]
Marketers’ wages reach £66,106 after bonuses soar 17 per cent January 18, 2015 The salaries of marketers rose again last year with the average pay including bonuses hitting £66,106 in 2014, a nine per cent increase and the largest since the recession. Bonuses rose 17 per cent to an average of £8,118, according to research from marketing recruiter EMR – and 28,540 more marketers were in full time [...]
Investment banking bonuses up this year but traders see pay slip January 14, 2015 Senior dealmakers at investment banks expect to see their bonuses rise by as much as £40,000 this awards season, according to data out today from Emolument.com. But equities bankers will see payouts stay flat, and fixed income, currencies and commodities traders will see pay dip. Junior origination and advisory staff expect average bonuses of £45,000 [...]
Harriet Green lost out on final bonus before Thomas Cook exit January 13, 2015 Former Thomas Cook chief executive Harriet Green saw her pay packet plummet by 73 per cent in her final year in the job after coming up short of her targets, it came to light yesterday. Before her high-profile exit from Thomas Cook in November, Green was unable to pick up her bonus for the 2014, [...]
Baker boss lands a big one in bonus sale January 13, 2015 TED BAKER founder Ray Kelvin has cashed in on £4.65m worth of company stock, given to him as a bonus for reaching targets, the company revealed yesterday. Shares in the fashion brand are narrowly higher than at this point one year ago.
Network Rail chief Mark Carne turns down bonus after “unacceptable” engineering delays caused “misery” for passengers December 30, 2014 Network Rail chief executive Mark Carne has said he will not take his bonus, after the travel chaos that erupted after engineering works overran this Christmas. Carne stood to receive a £34,000 performance-related bonus on top of his £675,000 a year salary. But in light of the huge disruption at King’s Cross and Paddington – [...]