Britain’s biggest financial adviser has unveiled an overhaul of pay and perks in the wake of a Sunday Times investigation. Bosses at FTSE 100 giant St James’s Place (STJ) told staff that new bonus structures and job titles will reward “the right behaviours” and go beyond recognising sales made in a single year.
Heathrow’s biggest shareholder has warned that it could sell its 25% stake if returns are squeezed by the aviation watchdog. The move by Ferrovial casts more doubt over the airport’s plans for a third runway.
Creditors of Sir Terence Conran’s furniture wholesaler could get back just 18p in the pound after the company announced it would close. Content by Terence Conran, which counts billionaire Sir James Dyson among its shareholders, has appointed FRP Advisory to carry out a company voluntary arrangement.
Private-sector activity in Britain continued to decline in the three months to January, although at a slower pace than in the previous three months, according to the CBI’s growth indicator.
BP (BP.) faces calls to strengthen its link between bonuses and performance on tackling climate change as new boss Bernard Looney prepares to take the helm.
Pay-TV giant Sky has launched an attack on ITV and Channel 5, in an attempt to call into question their role as public service broadcasters.
WeWork is close to naming a property veteran as its new chief executive, in an attempt to reboot the serviced offices group that almost collapsed under Adam Neumann.
The Silicon Valley venture capital giant, Sequoia Capital, that made billions of dollars as an early investor in Google and WhatsApp is stalking British tech start-ups ahead of a post-Brexit buying spree.
High street banks are still not offering online foreign exchange facilities a month after Travelex was laid low by a cyber-attack.
