Theresa May has been forced to abandon her flagship plan to reform executive pay, prompting relief among business leaders but criticism from unions and Labour MPs. The Prime Minister had previously vowed to return the Tories to its roots as the party of workers by clamping down on excessive executive pay and giving shareholders more power in […]
Category: News Wire
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UK companies must publish pay ratios under new law
Companies will have to reveal how much more their chief executives are paid compared with the average employee, under a package of government reforms.
House price growth slows to annual rate of 2.1%
House price growth continued to ease this month as the economic slowdown takes its toll on activity in the market, according to Nationwide.
Pension deficit of UK’s leading companies equivalent to 70% of their profits
UK’s leading plcs have combined deficit of £62bn, with the percentage of their profits higher than in 2009 after financial crisis.
Steep wage rises weigh on services sector
Profits have been hit in the all-important services sector on the back of a steep rise in costs, even as demand remains robust.
Deloitte’s profits flatline after six month ban from UK government contracts
Deloitte’s profits flatlined last year as the accountancy firm navigated a six-month ban from pitching for UK government contracts.
UK ‘can halve oil imports by banning new petrol and diesel cars in 2030’
An ambitious target to phase out sales of new petrol and diesel cars by 2030 could halve UK oil imports, a study by environmental and aid organisations suggests.
Dixons Carphone shares plunge as it warns phone users are shunning upgrades
Shares in the owner of Carphone Warehouse plunged by a third as it warned consumers were shunning handset upgrades – partly due to higher prices caused by the slump in the pound.
Shoppers tighten belts as rising prices dent economy’s growth
British shoppers are no longer the biggest driver of economic growth as households slowed down their spending spree in the second quarter of the year.
Subaru counts cost of Takata failure by as £580m hit destroys profit growth prospects
Japanese carmaker Subaru has been left counting the cost of failed airbag manufacturer Takata, today booking an 81.3bn (£580m) yen hit.
Spotify signs crucial Warner Music deal
Spotify has signed a new licensing deal with Warner Music Group, paving the way for the music streaming service to go public.
Donald Trump’s luxury hotel handed £110,000 tax rebate
The US President’s resort at the famous Turnberry golf course on the coast of Ayrshire, saw 13.5 per cent slashed from its annual corporate tax bill of £811,850
One in ten BBC staff given pay rise of more than 10 per cent last year
Nearly 1,800 members of BBC staff received a pay rise of more than 10 per cent last year, figures have revealed.
‘Landlord tax’ stamp duty changes raise £2bn a year from buy-to-let and second home owners – double predicted amount
The Government’s stamp duty changes are raising twice as much money from home buyers as initially expected, HMRC figures show.
UK car production revs up in July
The number of cars built in the UK last month rose by almost 8% compared with July 2016, new figures show.
















