Sainsbury’s boss Mike Coupe misses out on payday perks June 4, 2015 Sainsbury’s chief executive Mike Coupe missed out on an annual bonus last year after the supermarket chain failed to meet sales and profit targets. The retailer’s annual report published yesterday revealed that Coupe’s annual pay package dropped to £1.5m in the year to March, down from £2m the previous year, when he was still commercial [...]
Pets at Home is keeping pooches happy as it posts surge in profits June 4, 2015 Pets at Home yesterday posted a record set of full-year results and said it enjoyed a strong start to the year as owners splashed out more on grooming services and special nutrition products for their pets. Underlying core earnings for the year to 26 March rose 10 per cent to £121m, in line with expectations, [...]
Investors revolt over Morrisons’ ex-chief Dalton Philips’s pay June 4, 2015 Morrisons’ new management pledged to review its pay policies after the supermarket faced a shareholder revolt yesterday over the size of the bonus awarded to its ousted chief executive Dalton Philips. More than a third of shareholders (35.6 per cent) rejected the retailer’s remuneration report, according to proxy voting results revealed at its annual [...]
Smith & Nephew share price tilts south as medical giant pulls hip device June 4, 2015 Medical device manufacturer Smith & Nephew was forced to announce its plans to withdraw one of its hip-replacement systems as it required too many post-operative follow-ups. The 46mm model in question will be withdrawn from its Birmingham Hip Resurfacing system due to concerns it does not meet the standards set by health watchdog, Nice. [...]
Competition probe into Greene King’s Spirit Pub takeover moves on to consultation stage June 4, 2015 Greene King’s proposals to the Competition Market Authority (CMA) regarding its acquisition of the Spirit Pub Company reached consultation stage yesterday. The consultation comes after the regulator raised concerns about the £774m merger shortly after it was announced in May. At the time the authority said the current proposal would “substantially” lessen competition in the [...]
HSBC Private Bank breaks a run of bad press June 4, 2015 HSBC has been in the headlines for all the wrong reasons lately, so imagine the sheer relief on the face of its Private bank chief, Francesco Morra, as Private Banker International (PBI) handed the bank an award for outstanding work with international clients. The PBI London Awards, dedicated mainly to the UK and European markets, [...]
Passenger numbers are up for EasyJet as summer approaches June 4, 2015 EasyJet yesterday announced a 7.2 per cent rise in passengers for May 2015, compared to May 2014. The budget airline flew 6.4m passengers last month, compared to 6m the year before. Its load factor, the average portion of capacity an airline has filled with travellers, was up to 91.2 per cent, from 89.4 [...]
Wizz Air unveils new routes and fares as passenger numbers soar June 4, 2015 Budget airline Wizz Air announced a 20 per cent rise in passengers for last month, compared to May last year. Passenger numbers were up to 1.6m, from 1.3m last year. This was in part helped by the introduction of two new A320 aircraft, which have 180 seats each. The firm also announced that capacity was [...]
Royal Mail sale and Johnson Matthey hit FTSE – London Report June 4, 2015 BRITAIN’S top share index fell yesterday, led lower by specialty chemicals maker Johnson Matthey and ex-dividend stocks in a broad sell-off in equities. Johnson Matthey, the world’s largest maker of auto catalysts, shed 5.3 per cent, making it the top FTSE 100 faller. The company posted a small rise in annual profit helped by higher [...]
Jack Hobbs can leave his Investec Derby rivals stumped June 4, 2015 THE Investec Derby (4.30pm) is the absolute pinnacle for any racehorse. The unique contours of Epsom Downs put demands on a three-year-old thoroughbred like no other course on the planet. This race has been dominated by one man in recent years, Aidan O’Brien, who is certain to go down as one of the greatest trainers [...]