Financial news

• Sainsbury's boss enjoys 86% pay rise despite fall in underlying profits

  03-06-2016 20:22
  
  Mike Coupe took home £2.8m last year including a £767,000 bonus after hitting targets including Home Retail Group dealMike Coupe, the boss of Sainsbury’s, enjoyed a 86% rise in his annual pay package to £2.8m last year despite a fall in underlying profits.The supermarket chief executive’s pay was boosted by a £767,000 bonus, his first as head of the company after he missed out in 2015, according to the company’s annual report published on Friday.Continue
  
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• JP McManus tax refund demand rejected by US authority

  03-06-2016 20:21
  
  The former Manchester United owner, who won £12m in a California backgammon game, disputes the £4m taken by the IRSThe American tax authorities have rejected demands from former Manchester United owner, JP McManus, that they hand back their share of his $17.4m (£12m) winnings from a 72-hour backgammon game in California.Washington court papers show the Internal Revenue Service (IRS) disputes a McManus claim that paying a relatively small “domicile levy” in Ireland s
  
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• Former BHS owner sent abusive message to chief exec after chain collapsed

  03-06-2016 20:20
  
  Dominic Chappell blames Darren Topp and finance consultant Michael Hitchcock for department store’s demiseDominic Chappell, the former owner of BHS, sent an abusive text message to the chief executive of the retailer just hours after administrators announced that it would close all its shops.Chappell described Darren Topp as a “fucking prick” in the message and blamed him and Michael Hitchcock, BHS’s former finance consultant, for the demise of the business. Continue read
  
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• Royal Mail's Moya Greene reaps another £1.5m pay package

  03-06-2016 20:00
  
  Privatised company announces chief executive’s remuneration in week that postal union agreed 1.6% rise for membersRoyal Mail has awarded its chief executive Moya Greene an annual pay package of £1.5m, similar to last year, and made some changes to its pay policy for the coming years to satisfy major shareholders.The company, privatised in two share offerings in 2013 and 2015, has came under fire in recent years for the pay packages handed to Greene, including a 13% rise in total remu
  
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• Let’s move to Shrewsbury, Shropshire: ‘These days, it’s a bit left behind’

  03-06-2016 17:30
  
  I’d move there in a heartbeat if – sad face – it wasn’t so far from the sea What’s going for it? The football team might be Shrewsbury Town, but this place is all city to me. And what a city! Step out of the battlemented neo-gothic train station and you’re flung into a jumbled streetscape of jettied, black-and-white Tudor town houses tottering on to the pavement like a closing-time drunk, beside red-faced, fat-bellied brick Georgian town houses, spir
  
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• Airlines call for EU-wide air traffic control to stop French strike disruption

  03-06-2016 17:28
  
  Ryanair, easyJet and IAG will push EU to let controllers from neighbouring countries manage French skies during strikesAirlines that have been campaigning for Britain to remain in the EU are to join forces after the referendum to demand strike-busting European control of French airspace.Ryanair and easyJet, alongside British Airways’ owner IAG, Lufthansa and others, will press for air traffic controllers from neighbouring countries such as Germany to manage French skies during strikes, whi
  
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• Jam fans tour Tescos in search of rare pink vinyl

  03-06-2016 16:50
  
  Supermarket ‘caught offguard’ by surge in demand for Father’s Day limited edition of the band’s 1980 LP Tesco got more than it bargained for when it offered limited edition vinyl pressings of classic albums by the Jam and the Clash as Father’s Day gifts, prompting ageing mods and punks to descend on its stores.Jam enthusiasts have reported driving to multiple Tesco stores to pick up a copy of Sound Affects, the band’s 1980 LP, on pink vinyl. In a clash of cult
  
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• Police search Santander's Madrid HQ in money-laundering inquiry

  03-06-2016 15:25
  
  Case arises from continuing investigation into Falciani list of accounts from HSBC’s Geneva arm, which includes 659 Spanish names Police have searched the headquarters of Santander Bank in Madrid after suspicions were raised that the bank was linked to money laundering and tax evasion on the part of some of its clients. Continue reading...
  
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• Sports Direct: MPs to discuss sanctions on Mike Ashley

  03-06-2016 15:23
  
  Move could include billionaire being found in contempt of parliament after his refusal to appear before select committeeA group of MPs investigating working conditions at Sports Direct are to discuss applying sanctions on Mike Ashley after the retailer’s billionaire founder said he would defy a parliamentary summons to appearbefore the select committee.The move, which could include the tycoon being found in contempt of parliament or facing a Commons vote on whether he is a “fit and p
  
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• From taxis to takeaways: Uber drives in to UK food delivery market

  03-06-2016 15:20
  
  Launch of UberEATS, which will compete with Deliveroo, comes as the firm prepares a major British advertising campaignUber is recruiting an army of delivery drivers as it prepares to go to war with Deliveroo for a slice of the UK’s takeaway food market.The taxi-hailing app confirmed it was finalising plans to roll out its UberEATS service in the UK as it looks for ways to build on the success of its fast-growing service. Continue reading...
  
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• US economy adds paltry 38,000 jobs in May for weakest growth since 2010

  03-06-2016 14:40
  
  Total falls 122,000 short of economists’ expectations ahead of crucial Federal Reserve meeting, but unemployment rate dips to 4.7%The US economy added just 38,000 jobs in May – 122,000 fewer than expected and the weakest growth since 2010. The unemployment rate slipped down to 4.7%, the Department of Labor announced on Friday. The report added to concerns that the US economy is slowing, ahead of a crucial meeting of the Federal Reserve, and was immediately seized on by Republican pre
  
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• Three up, tattoo down: a 15th-century home in Essex – in pictures

  03-06-2016 11:52
  
  End of terrace house built in the 1450s offers modern comforts in a historic structure, with character features throughout and a courtyard garden Continue reading...
  
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• Boys get more pocket money than girls, Halifax survey finds

  03-06-2016 11:37
  
  Pocket money pay at nine-year high, but gender pay gap among children is growing with boys 12% better off than girls compared to 2% in 2015The gender pay gap is growing when it comes to how much pocket money children get, with boys 12% better off than girls, it was claimed on Friday.While boys are handed an average of £6.93 a week by generous payments, girls get £6.16, according to Halifax’s latest pocket money survey. In 2015 the gap was just 2%.Continue reading...
  
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• Real life Come Dine with Me is the next 'social eating revolution'

  03-06-2016 09:24
  
  BBQ in Brixton, lemon tart in Leamington? Breaking bread with strangers is becoming a tasty feature of the sharing economy Stuck for ideas on what to cook this evening? Bored of eating alone? Why not go to a stranger’s house for dinner. Social dining facilitator WeFiFo, based in Sussex, opened for business in April and enables people to do just that.“I’d heard about it from a friend. I’m single and I love meeting new people,” says Jo Webber, a 35-year-old digital ma
  
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• Kipper Williams on the new plastic £5 note

  03-06-2016 08:39
  
  The Bank of England has unveiled a new tearproof, waterproof and stainproof polymer £5 note Continue reading...
  
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• What has the EU ever done for my … mobile phone?

  03-06-2016 08:00
  
  Calling, texting or using data while abroad should no longer result in high bills thanks to an agreement to scrap roaming charges Using your mobile phone in Europe used to be ruinously expensive but from next year it should cost no more than making a call in the UK.European officials have agreed to scrap mobile roaming charges, meaning holidaymakers should no longer arrive home to find they have unwittingly racked up eye-watering bills. Continue reading...
  
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• Leave or remain – Britain’s fortunes hinge on a Europe in need of repair | Simon Jenkins

  03-06-2016 08:00
  
  After experimenting with each side’s prejudices, it is clear to me where the greatest risk to our future liesAt the start of the referendum campaign the BBC decided to be impartial. It told its news staff to balance each item by getting the opposing camp to rebut it. It’s like taking an emetic with every mouthful of food. It ruins the taste and numbs the brain.I have sought the same ideal by a different route. Early on, I decided I would switch “loyalties” between remain
  
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• I feel I'm only invited to job interviews to make up the numbers

  03-06-2016 08:00
  
  I’m fed up with having my time wasted and find it very demoralising as I had high hopes of some of the jobs I applied for. It happens far too often
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I’m going for job after
  
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• Getting around the city: why electric rickshaws are the tuk of the town

  03-06-2016 06:00
  
  An electric, zero-emission version of the three-wheeled tuk-tuk is being billed as a short-distance rival to Uber and taxis in Europe, Africa and AsiaAnyone who has been in Bangkok, Delhi or Cairo will be familiar with the lawnmower whirr of the mighty tuk-tuk. Nimble enough to weave through traffic jams and narrow streets, the three-wheeled auto rickshaw is one of the most convenient ways of getting around congested cities in the developing world. For residents, they tend to be cheaper than tax
  
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• Extra Energy most complained about, according to Citizens Advice table

  03-06-2016 01:01 via feedproxy.google.com
  
  GAS and electricity supplier Extra Energy is the most complained about in league tables put together by Citizens Advice.
  
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• Building hits the doldrums: Britain’s recovery prospects undermined

  03-06-2016 01:01 via feedproxy.google.com
  
  CONSTRUCTION companies are seeing their first fall in new work in three years to further undermine confidence in Britain’s recovery prospects.
  
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