LONDON (Reuters) - Part-nationalised Royal Bank of Scotland (RBS.L) has handed shares worth up to 18.25 million pounds to directors under a long-term incentive plan, risking a political backlash.
George Osborne faces a �20billion black hole in the public finances that will mean austerity measures have to continue until 2020, it was revealed yesterday.
FASHION website Boohoo.com has been valued at �560 million after a City fundraising delivered a major windfall for its founding family.
The 91,000 staff of the John Lewis Partnership will receive an annual bonus worth 15% of their salaries. The bonus is the equivalent to almost 8 weeks' pay, but the bonus rate is lower than last year's 17%.
Fearing its latest round of bonuses would create negative headlines and trigger a backlash, Barclays decided to act. But rather than rein in fat-cat remuneration, it came up with a novel way to head off public anger - turn off televisions in branches so ...