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John Lewis axes staff bonus for first time since 1953 after losing £635m in six months

John Lewis axes staff bonus for first time since 1953 after losing £635m in six months and closing eight stores Chairman Dame Sharon White told partners announcement ‘will come as a blow’ She said company expect to pay out bonus again once its profits exceed £150m The retail group plunged to £635m pre-tax loss for … Read more John Lewis axes staff bonus for first time since 1953 after losing £635m in six months

Ryanair braced for pay rebellion over chief’s bonus

Ryanair braced for pay rebellion over £424,000 bonus for chief executive Michael O’Leary By Harriet Dennys, Financial Mail On Sunday Published: 21:50 BST, 12 September 2020 | Updated: 22:25 BST, 12 September 2020 Ryanair is braced for a pay rebellion this week over a €458,000 (£424,000) bonus for chief executive Michael O’Leary.  Shareholder advisory group … Read more Ryanair braced for pay rebellion over chief’s bonus

BA owner hit by bonus row as investors back £2.5bn IAG fundraising 

BA owner hit by row over departing boss Willie Walsh’s bonus as investors back £2.5bn IAG fundraising By Francesca Washtell For The Daily Mail Published: 22:39 BST, 8 September 2020 | Updated: 23:02 BST, 8 September 2020 The owner of British Airways faced a shareholder revolt over boardroom pay as it secured a £2.5billion lifeline … Read more BA owner hit by bonus row as investors back £2.5bn IAG fundraising 

NHS gave hospital at the centre of a baby deaths scandal a £1.2million bonus for maternity care 

Revealed: NHS gave hospital at the centre of a baby deaths scandal a £1.2million bonus for maternity care East Kent Hospitals was given money by the NHS in 2018 after hitting ten targets  A major independent review has been launched after at least 15 babies died Staff were suspected of covering up deaths by not referring … Read more NHS gave hospital at the centre of a baby deaths scandal a £1.2million bonus for maternity care 

Ladbrokes boss sitting on £6.5m windfall after exploiting bonus scheme

New Ladbrokes boss exploits bonus scheme to make a potential £6.5m profit in his first month on the job By Tom Witherow For The Daily Mail Published: 21:51 BST, 17 August 2020 | Updated: 21:51 BST, 17 August 2020 Windfall: Shay Segev took over at the owner of Ladbrokes Coral from Kenny Alexander last month … Read more Ladbrokes boss sitting on £6.5m windfall after exploiting bonus scheme

Furlough bonus scheme is deadweight, warns budget watchdog 

Government’s £9bn Furlough bonus scheme is deadweight, warns budget watchdog By Daily Mail City & Finance Reporter Published: 23:27 BST, 14 July 2020 | Updated: 23:27 BST, 14 July 2020 The OBR said the £9bn furlough scheme ‘is likely to be claimed for employees who would have been retained anyway’ The budget watchdog has warned … Read more Furlough bonus scheme is deadweight, warns budget watchdog 

Tata Steel says it WILL take £2.7m furlough retention bonus

Britain’s biggest steel maker Tata Steel has confirmed it will take advantage of the government’s multi-million pound furlough retention bonus, after John Lewis and Primark turned down the taxpayer handout. The Indian-based company, which runs the Port Talbot steelworks in South Wales, furloughed around a third of its 8,000 UK employees at some stage during … Read more Tata Steel says it WILL take £2.7m furlough retention bonus

Primark ‘rejects Rishi Sunak’s £30million furlough bonus’

Primark ‘rejects Rishi Sunak’s £30million bonus for bringing back staff from furlough’ amid pressure on other firms to shun the payouts Primark expected to reject £30million bonus for bringing back furloughed staff  Rishi Sunak announced £9billion payments for firms in mini-Budget last week Chancellor admitted funding will go to many businesses already up and running  … Read more Primark ‘rejects Rishi Sunak’s £30million furlough bonus’