Mining titan BHP Billiton has reiterated its full-year output targets despite a ‘lacklustre’ performance across several key businesses in the first quarter, writes the Financial Times.
According to a YouGov poll, Royal Bank of Scotland should stay in public hands and not return to the private sector, The Guardian report. Just 9.0% of voters said that the bank should be taken private, while 66% called for former bosses to return their knighthoods.
Lord Wolfson of Aspley Guise, the Chief Executive Officer (CEO) High Street retailer Next has decided to share his £2.4m bonus among the company’s staff, says The Times. He said in a letter to employees that he had already benefitted from the rise in the share price.
Xstrata’s CEO Mick Davis has walked away with a pay-off worth £14.2m as well as continued use of the company’s private jet as it was announced that he would leave the firm as part of the merger with Glencore, writes The Independent. The tie-up received the green light from Chinese regulators yesterdays after months of waiting.
“Marks & Spencer CEO Marc Bolland has suffered a serious setback in his efforts to build a ‘dream team’ of clothing industry stars after ‘knicker queen’ Janie Schaffer resigned as director of lingerie and beauty after just three months in the role,” says The Scotsman.
According to The Telegraph, power has said that tax relief is necessary if the UK wants £110bn of investment this decade. This came as the company defended paying no corporation tax.