M&S chief’s pay slashed by £3m after cyberattack turmoil Retail The boss of Marks & Spencer has seen his pay slashed by more than 40 per cent after a crippling cyberattack forced the supermarket to scrap its bonus policy across the business. Stuart Machin received £3.97m in the 12 months to April, according to the company’s annual report, down sharply from the £7m he was [...]
Trainline boss pay hits the buffers after missing bonuses Transport & Infrastructure Trainline boss Jody Ford has seen his pay packet go off the rails in what will likely be his last year in the job, almost halving to £2.5m. Chief executive Jody Ford’s total pay packet fell by 44 per cent from £4.5m in the firm’s 2026 financial year, after he and executive director Peter Wood [...]
Anglo American axes bumper pay plan ahead of vote mining Anglo American has shelved plans to give its top executives a bumper payday if it completes its planned $50bn (£38bn) megamerger with Canada’s Teck, in a dramatic climbdown ahead of a shareholder vote on Tuesday. The FTSE 100 mining behemoth had sought investor approval for a motion to pay chief executive Duncan Wanblad a £8.5m [...]
Bankers to get bonuses much sooner as PRA relaxes rules October 15, 2025 Bankers will be able to collect their bonuses much sooner under a relaxation of remuneration rules unveiled by the UK’s prudential regulator. The new rules will allow part-payment of bonuses for the most senior bankers from year one, rather than year three under previous rules. The amount of time that senior bankers must now wait [...]
Diageo: Debra Crew gets golden goodbye after being ousted as CEO August 14, 2025 The former chief executive of FTSE 100 giant Diageo is set to receive a bumper pay day after being ousted last month, it has been revealed. Debra Crew quit with immediate effect in July and was succeeded on an interim basis by the embattled drinks group’s finance boss Nik Jhangiani. Diageo, whose brands include Johnnie [...]
AIM directors ruffle shareholder feathers with exec pay shenanigans August 7, 2025 It’s not just Tesla awarding eye-watering pay to execs. Even the bosses of the smallest of small caps are finding novel ways to boost their remuneration. That appears to be the case for the directors of AIM-listed property company DCI Advisors. In October 2023, DCI proposed an incentive plan which, by the calculations of the [...]
Halfords: Departing CEO gets golden goodbye July 29, 2025 The departing chief executive of Halfords saw his pay more than double as the company clocked a statutory £30m loss in the year before he stepped down. Graham Stapleton took home a pay packet of £1.5m for the firm’s latest financial year, up from the £650,440 he received in the prior 12 months. Stapleton had [...]
Wizz Air CEO gets huge bonus despite tumbling shares and profit June 25, 2025 The chief executive of Wizz Air saw his pay take off despite the airline’s profit tumbling during its latest financial year. Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the Hungarian low-cost airline’s year to 31 March, 2025, according to its annual report. The CEO’s remuneration was boosted from the €1.3m he [...]
United Utilities: Banned bonus for FTSE 100 CEO revealed June 23, 2025 The amount top bosses at FTSE 100 giant United Utilities are set to lose in bonuses – after the water giant was named as one of six to be banned from handing out the payouts – has been revealed. Earlier this month, new measures in the Water (Special Measures) Act come into force which prohibited utility [...]
B&M swaps one tax haven for another June 19, 2025 B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]