Playtech boss gets £66k pay rise despite remuneration vote loss August 22, 2018 Gambling software manufacturer Playtech has awarded its chairman a £66,000-a-year secret pay rise months after losing a remuneration vote with shareholders. Chairman Alan Jackson has seen his salary increase from £384,000 to £450,000 a year, Sky News revealed, despite the fact that the company's share price has almost halved over the course of a year. The majority [...]
Cristiano Ronaldo: The sports streaming service DAZN aim to build on back of Juventus forward’s endorsement August 22, 2018 As a new face in the marketplace it’s advisable to make a splash in order to get noticed. The sports broadcasting industry is currently in flux as new players challenge the big names for their slice of a lucrative business. For sport live-streaming service DAZN – pronounced “Da-zone” – the best way to attract attention [...]
Is the rise in city living paying off for smart investors? August 22, 2018 City living is experiencing a renaissance and it’s the perfect time for savvy investors to take advantage. As more people choose to leave the capital for a better quality of life in regional city centres, Birmingham has quickly become the top destination for those leaving London. Investing in a regional city such as Birmingham represents [...]
Capita poaches Go-Ahead finance boss amid restructuring plan August 21, 2018 Outsourcing group Capita has snapped up the chief financial officer of transport group Go-Ahead to head up its own finance division. The company, which runs London's congestion charge scheme and collects the UK's TV licence fee, will announce the move of Patrick Butcher later this week according to reports from Sky News. Butcher will takeover [...]
Sky prepares for £97m advisory bill on Fox deal August 20, 2018 Telecoms giant Sky has revealed it is anticipating a bill for its advisory team of between £90m and £97m, if 21st Century Fox triumphs in its attempt to takeover the firm. A circular published by the broadcaster today said it will spend as much as £61.5m on financial and broking advice, with an additional £20m to [...]
Shareholder anger forces Countrywide to abandon pay plan August 20, 2018 Countrywide has rowed back on plans for an executive pay proposal in the wake of a potential shareholder rebellion. The UK’s largest independent estate agency drew anger from investors last week over a new incentive scheme which would mean cash payouts of over £20m for the beleaguered firm’s top bosses, including a £6m windfall for [...]
Former Staples chain Office Outlet to close stores in new CVA filing August 19, 2018 Stationery chain Office Outlet, formerly known as Staples, is set to launch a Company Voluntary Arrangement – an insolvency procedure to reduce stores and costs – tomorrow and close a selection of its 96 UK stores. Sources today told Sky News that the retailer, which was bought by restructuring fund Hilco in 2016, will request a [...]
Countrywide of the mark as pay rebellion looms August 16, 2018 Beleaguered estate agent Countrywide could be the victim of its second shareholder rebellion in two months amid a bitter row over executive pay. Under-fire chairman Peter Long is facing the wrath of City institutions who are understood to be planning a revolt over a new incentive scheme, according to reports in Sky News. In a [...]
Vitality Blast: Domestic Twenty20 tournament flourishing despite ECB direction August 16, 2018 The group stages of England’s domestic Twenty20 competition comes to a close tomorrow. But with England’s Test series against India taking much of the attention of late, the Vitality Blast has occupied its own space, largely away from television and the back pages. Meanwhile, the England and Wales Cricket Board has been busy blue-sky thinking, [...]