Boardroom Pay Up 6% Last Year To £400,000

Non-executive chairmen of top companies received average pay rises of 6% last year, taking their earnings to almost £400,000, a new study has revealed. Pay analysts Incomes Data Services (IDS) said its research among FTSE firms showed average fees ranged...

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Swiss Voters Reject 'Fat Cat' Pay Deals

Swiss employment groups have reacted bitterly to a referendum that could force firms in the country to rein in executive pay. Final results showed that 67.9% of those who voted came out in favour of the proposals, which only cover Swiss firms listed...

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HSBC Sees Pre-Tax Profit Drop 6% To £13.7bn

HSBC has announced a pre-tax profit of £13.7bn for 2012, down 6% on the previous year. The figure was below City forecasts of around £15.6bn. The banking group makes an estimated 90% of its money outside Britain and has benefited from its exposure...

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Budweiser Rejects 'Watered Down' Claim In Ads

The maker of Budweiser beer has paid for adverts in a string of American newspapers to deny claims it is watering down its beers. Anheuser-Busch InBev (AB InBev), the world's biggest brewer, defended itself against the allegations that water had been...

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More Horsemeat Found In School Dinners

Minced beef has been removed from all school canteens in Leicestershire after tests showed it contained traces of horse DNA. In a message to parents, Leicestershire County Council said it was taking "prudent action" but insisted there is "no health...

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Jimmy Choo Founder Mellon Eyes Global Empire

By Mark Kleinman, City Editor Tamara Mellon, the founder of the Jimmy Choo fashion empire, is putting the finishing touches to a global chain of upmarket retail outlets as the showcase for a new lifestyle brand. I understand that Ms Mellon, who...

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Liverpool FC Loses £40.5m In Less Than A Year

Liverpool Football Club has reported a £21.8m increase in its debt, along with a loss of £40.5m. The overall debt of the club now stands at £87.2m. A restructuring of its accounting period to align it with the football season means the figures apply...

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Funding For Lending Credit Cut Sharply

British lenders taking part in a Bank of England scheme to boost firms' and households' access to credit cut lending sharply in the last three months, official statistics have revealed. The lower than expected Funding for Lending Scheme (FLS) figures...

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Tory MP Tells Osborne: 'It's Time To Man Up'

By Joey Jones, Deputy Political Editor Chancellor George Osborne has been warned by a Tory MP that he must "man up" and recognise the scale of the deficit challenge facing Britain. Less than three weeks before the Budget, Conservatives told a meeting...

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Austerity? World Now Has 1,426 Billionaires

The world now has a record 1,426 billionaires with a combined wealth of $5.4 trillion (£3.6trn), according to a new survey. The 2013 Forbes annual billionaires issue said a total of 210 new billionaires have been added to the list, with their wealth...

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