British billionaire trader offers interns £26k a month Money A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
Leicester City stars face up to 50 per cent wage cuts after relegation Sport Business Leicester City’s players are facing wage cuts of up to 50 per cent next season following their relegation from the Premier League. Leicester have acted to protect themselves when offering contracts to new players in recent years having also been relegated two seasons ago, with recent arrivals agreeing to pay cuts of between 35 and [...]
FTSE 100 companies to bolster top bosses’ pay and accelerate reviews Markets 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 [...]
Aston Martin to accelerate bonuses after struggling to attract top talent March 26, 2025 Aston Martin is planning to pay its top bosses more than its fellow FTSE 250 companies after having struggled to attract talent in recent years. The Warwickshire-headquartered luxury car maker is proposing to increase the bonus opportunities for its chief executive and chief financial officer from 200 per cent to 250 per cent of their [...]
Shell: FTSE 100 giant vows to boost investor returns after £19bn pay day March 25, 2025 Shell has vowed to reward its shareholders even further after the FTSE 100 giant handed almost £19bn to its investors in 2024 while also revealing plans to cut spending and reduce costs Ahead of its capital market day event today, the oil giant told investors it also plans to ramp up cost savings and cut [...]
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 [...]
Direct Line boss gets huge pay day ahead of Aviva’s £3.7bn takeover March 11, 2025 The chief executive of Direct Line Group has received a huge pay day ahead of its £3.7bn takeover by Aviva. Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year, according to its annual report. The CEO’s pay was significantly boosted by a £5.8m payment from Direct [...]
M&S to invest £95m in staff pay despite higher wage taxes March 5, 2025 Marks and Spencer will invest £95m into higher pay for its retail staff, despite “cost pressures” from the government. From 1 April, the rate of pay for UK Customer Assistants will increase from £12 to £12.60 per hour, up five per cent year on year and up 26 per cent since 2022. It is higher [...]
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 [...]
‘Bitter pill’: MPs set to be on almost £94k after above inflation pay rise February 10, 2025 Plans for MPs to earn almost £94,000 after an above inflation pay rise have been criticised as a “bitter pill to swallow”. Members of Parliament (MPs) are in line for a 2.8 per cent pay increase which would put their annual salaries at £93,904, up from £91,346. It comes after the body in charge of [...]