66 h. ago Thames Water bosses were set for £18.5mn before outcry over bonuses

Creditors have proposed injecting £3bn of equity and taking a 20 per cent writedown on loans in latest rescue plan

Economics

6 d. ago Water firms would be foolish to increase salaries to get around bonus ban – Reed

Six firms have been banned from paying bonuses to senior bosses under new rules that came into force on Friday.

Economics

6 d. ago United Utilities banned from paying bonuses to senior bosses 'after fish killed in reservoir'

United Utilities and five other water firms have been banned

Events

6 d. ago Six water companies BANNED from paying out millions in bonuses to bosses for failing to tackle sewage and pollution

The measure targets firms that have either fallen short on pollution and customer service metrics, failed to demonstrate financial resilience, or have been convicted of environmental offences.

Economics

6 d. ago The water firms banned from paying bonuses to senior bosses under new laws

Campaign group River Action have called the move a “welcome step” but said that increased salaries should be prevented

Economics

6 d. ago Water firm fat cats will be stripped of unfair bonuses if they pollute our rivers

Government gets tough and says companies will not be permitted to pay bonuses to water bosses that oversee poor environmental and customer outcomes

Politics

6 d. ago Bosses of six water firms banned from getting bumper bonuses under new law

Unfair bonuses have been banned for senior executives at six water companies, under Labour's new measures in the Water (Special Measures) Act

Economics

1 week ago Ryanair boss Michael O’Leary on track for 100 million euro bonus

He has qualified for the share options after shares in the Dublin-based company hit a six-year-old target.

Economics

2 w. ago Thames Water walloped with Ofwat's biggest fine as boss defends massive bonus

The water company must pay a whopping £122.7m over sewage spills and shareholder payouts. as boss Chris Weston has said he does 'make a difference'

Politics

2 w. ago World Club Cup launch tosses away decades of European rugby history | Robert Kitson

Every four years, event will replace the Champions Cup knockout stages in announcement made earlier than intendedSome people are never satisfied. They firmly believe that if things are constantly tweaked there is a better chance of staying relevant. In certain areas of retail they are right. Years ago, on a dusty pavement in India, I once encountered a man selling second-hand false teeth from a small wooden table. I think of him whenever people lament the size of their annual bonus or their boss’s failure to appreciate them.Sport, though, is rarely that simple. While you don’t want to end up miles behind the curve, retaining an element of familiarity is crucial. Supporters love the comfort blanket of their favourite local team, the club colours their parents wore, the same time-honoured songs and competitions. It rarely pays to confuse your existing audience or, worse, to announce that things that should matter hugely are now as sexy as 30-year-old dentures. Continue reading...

Politics

2 w. ago Aaron Hickey set for 'little bonus' as Brentford boss provides major update on Scotland defender

Former Hearts youngster to end 18-month wait

Politics

3 w. ago Channel 4 bosses see pay packets soar despite hundreds of job cuts

Channel 4 bosses earnings soared by nearly a third last year, despite the public service broadcaster slashing content spend and hundreds of jobs.

Economics

3 w. ago BT denies exit of human resources chief is due to firm dumping diversity targets from bosses' bonuses

Athalie Williams, BT's chief people and culture officer, will leave the company after two and a half years in the role for personal reasons.

Economics

3 w. ago Thames Water drops bonuses due for bosses after Government criticism

Mr Reed confirmed the proposals had been dropped during an Environment, Food and Rural Affairs (Efra) committee session with MPs on Tuesday.

Politics

3 w. ago Thames Water chairman rows back on comments over bonuses for bosses

Sir Adrian Montague said he may have ‘misspoken’ during an Environment, Food and Rural Affairs (Efra) committee session with MPs last week.

Politics

3 w. ago Thames Water chair says he ‘may have misspoken’ to MPs over bonuses

Sir Adrian Montague told select committee paying bonuses out of emergency £3bn loan was insisted upon by creditorsBusiness live – latest updatesThe chair of Thames Water has admitted he may have “misspoken” when he told a parliamentary committee that large bonuses to be paid to senior bosses out of an emergency £3bn loan were insisted upon by creditors.Sir Adrian Montague told the environment, food and rural affairs (Efra) select committee last week that the lenders “insisted” that “very substantial” bonuses of up to 50% of salary should be paid to company executives from the controversial loan in order to retain key staff. The proposed bonuses provoked fury as the company has said that its finances are “hair raising” and that it had come “very close to running out of money entirely” last year. Continue reading...

Politics

3 w. ago Thames Water chair could face questions after comments to MPs on bonuses

Exclusive: Sir Adrian Montague told select committee paying bonuses out of emergency £3bn loan was insisted upon by creditorsThe chair of Thames Water could face more questions over his statement to parliament that large bonuses to be paid to senior bosses out of an emergency £3bn loan were “insisted” upon by creditors.Sir Adrian Montague told the environment, food and rural affairs (Efra) select committee last week that the lenders “insisted” that “very substantial” bonuses of up to 50% of salary should be paid to company executives from the controversial loan in order to retail key staff. Continue reading...

Politics

4 w. ago Thames Water bosses who preside over record leaks, pollution and rising bills should not get grotesque bonuses. They should be sacked: FEARGAL SHARKEY

We were expecting an act of contrition, but all we got was condescension. 

Economics

last month Thames Water chairman apologises to customers but defends bonuses for bosses

Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.

Economics

last month Boss of stricken Thames Water defends £195,000 bonus and admits mothballed £250m desalination plant should never have been built

Thames Water CEO Chris Weston defended accepting the bumper sum after just three months in the role, telling MPs he had 'stabilised' the company.

Economics