Posts Tagged ‘bonus’
Goldman Sachs reports sharp fall in profits
US banking giant Goldman Sachs has today announced profits dived 82% in the second quarter to $453 million.
The figures represented the worst quarter since the height of the financial crisis – almost two years ago and were hit by the British bonus levy and a US fraud settlement.
Commenting, Lloyd Blankfein chief executive, said: “The market [...]
BA boss turns down bonus
British Airways (BA) chief executive, Willie Walsh, has rejected a bonus worth £334,000.
The news comes just one day after the final series of cabin crew strikes ended.
This is the second consecutive year that Mr Walsh has turned down a bonus, and in its annual report, the company said no-one would receive a cash bonus [...]
Nationwide’s football bond is “gimmicky”
Savings experts have warned that a new Football Bond from Nationwide is a World Cup “gimmick”.
Customers who take out the bond will he paid a bonus if England wins the World Cup trophy this summer.
The four-year fixed rate bond pays 4.15% (AER) gross per year.
If England win the World Cup, the interest rate will increase [...]
RBS remuneration package to be high on the agenda at AGM
The Royal Bank of Scotland (RBS), which is 84% owned by the Government, is set to unveil plans to toughen performance targets at its AGM in Edinburgh later this week, after consultations with shareholders.
According to reports, RBS chairman, Sir Philip Hampton, is expected to agree that the share price target element of the long-term [...]
M&S sales beat forecasts but issues caution
British retailing giant, Marks and Spencer (M&S), today posted better-than-expected same store sales of 5.1% in the UK in the 13 weeks to March 27 (its fiscal fourth quarter).
Sales were boosted by strong demand for formalwear and knitwear. The company said clothing sales grew 10.1%, while homewares rose 13.3%.
Furthermore, food sales (which have suffered due [...]