During his two years in charge the 65-year-old Back raked in a long-term incentive award of £91,000, other benefits, plus a salary of £640,000 and a pension allowance of £112,000.
Daily Mail Business Articles
ALEX BRUMMER: Support the entrepreneurs and boost funding for R&D
The cost of Covid-19 is horrifying. Government fund raising in the 2019-20 fiscal year of more than £500bn, a sum equal to one-quarter of Britain’s total output. And the spending goes on.
Crown Estate land deal with Taylor Wimpey is a disgrace, says MP
Taylor Wimpey has made moves to build a new town on 1,000 acres of the Orchard Portman Estate in Somerset which could boost the value of the land to more than £500m.
£230bn commercial property crash: Treasury watchdog sounds the alarm
After employees across Britain were sent to work from home in lockdown, the OBR is predicting that this year the value of offices and other commercial buildings will fall by nearly 14 per cent.
Netflix plunges on fears lockdown boost is over
Netflix piled on 10m more paying customers from April to June, taking total additions in the first half of this year to a staggering 26m. Pictured are Samara Weaving and Laura Harrier in the series Hollywood.
White-collar workers don’t want to return to the office full time
In a sign that Boris Johnson faces a battle to convince staff to go back, just one in 25 professionals say they want to spend four or five days a week in the office.
DIRECTORS’ DEALS: Investments boss at TMT buys £2.9m worth of stock
Artemii Iniutin bought a million shares in the company, which focuses on technology and Silicon Valley start-ups, for $3.67, or 291p each. TMT’s holdings include a £17.5m stake in Uber rival Bolt.
Tesco gives investors some food for thought: Grocer pays rare dividend
Today Tesco has a 26.9 per cent share of the grocery market, thanks to a strategy of offering value under such celebrated slogans as ‘pile-em-high, sell-em-cheap’ and Every Little Helps.
Ask Italian and Zizzi cut 75 restaurants and 1,200 jobs
The Azzurri Group, which owns the chains, said the Covid-19 crisis had had ‘a profound impact on the casual dining sector, bringing many businesses like ours to a standstill’.
AFC Energy rises on deal to power world’s first all-electric international rally series
The hydrogen firm will provide a bespoke off-grid generation and storage system that will allow teams to produce their own fuel, with the water by-product being consumed on-site.