Ocado Group (OCDO) founder Tim Steiner received a bumper pay packet of £58.7m last year, one of the highest ever handouts for a FTSE 100 boss, despite the company revealing a £214m loss on Tuesday.
Marks & Spencer Group (MKS) has poached a new finance chief from sandwich maker Greencore with a golden hello worth up to £2.5m.
Mark Carney has praised the Government’s plans to ‘level up’ the economy by using low interest rates to borrow money to fund investment in infrastructure and skills, in one of his final public appearances as Governor of the Bank of England.
Digital bank N26 is pulling out of Britain and shutting hundreds of thousands of customers’ bank accounts. The German-based lender blamed Brexit and red tape for its decision to shut up shop, although analysts suggested other factors were also likely to have played a large part.
Intu Properties (INTU) lost nearly a third of its value on Tuesday after a potential backer refused to take part in an emergency fundraising bid, as one analyst warned that the company was staring into “the abyss”.
