The criticism follows a highly unusual call held by union Unite with 37 City analysts. The views of City analysts are important to firms such as BA because they hold huge sway over share prices.
Bosses say they hope to avoid job losses through cost-cutting that would reduce some workers’ pay by 37 per cent but raise pay for others. It would also scrap January’s 4 per cent pay rise.
He started Berkeley Group by building a single house in 1976 and built it into a FTSE100 giant, making him a vast fortune along the way.
In the face of frightening forecasts for output, jobs and finances the nation has been lulled into a false sense of security as a result of Covid transfers of resources from the public purse to private sphere.
More than 67 per cent of investors voted against the £6.4m package for departing boss Dave Lewis – a stinging parting shot to the executive dubbed ‘the bloke who saved Tesco’.
The sportswear retailer said sales tumbled 38 per cent in the three months to May 31, to £5billion. It swung to a £637m loss over the same period, from a £797m profit a year earlier.
The James Bond favourite tapped up shareholders for another £152m – though it had wanted to raise up to £190m. It also accessed £55m in high-interest credit.
The group owns shopping centres such as Lakeside in Essex and the Trafford Centre in Manchester. Some of its more famous sites are likely to be sold, while others could be lost forever.
The fast-fashion retailer said it wants to ‘ensure that the group’s leadership team is motivated’ by allowing them to claim huge rewards if the shares continue to rise.
David Beckham’s DB Ventures has teamed up with AIM-listed Blue Star Capital to scout the next generation of competitive gamers.