Foxtons faces backlash over handing boss a £1m bonus

Foxtons faces backlash over handing boss a £1m bonus after tapping taxpayers for £4.5m furlough cash Nic Budden was handed a bonus of  £389,300 and £569,000 in shares for 2020 His total pay package grew to huge £1.6million compared to £1.25million in 2019 Foxtons was paid some £4.4million in furlough money throughout the pandemic By Mark … Read more

Retail visionary who transformed Selfridges Galen Weston dies aged 80 

The retail visionary WG Galen Weston, who has died aged of 80, was the inheritor of the struggling Canadian supermarket group, which in a lifetime of work he turned into an £8billion personal fortune. His commercial interests spanned the Atlantic. An unassuming billionaire, he liked nothing better than to wander the elegant halls of his … Read more

Tesco profits fall by a fifth despite ‘exceptional’ £1bn a week sales

Tesco profits have fallen by a fifth despite ‘exceptional’ sales of more than £1billion per week in the pandemic. The closure of pubs and restaurants boosted Britain’s largest supermarket but it was unable to capitalise because of £892million of costs related to the virus. Revenues rose 7 per cent from £49.9billion to £53.4billion in the … Read more