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Thursday, June 14, 2018
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 Mr £131m gets first slice of mega bonus (and hands his wife £3.2m) 14 Jun 5:05pm Mr £131m gets first slice of mega bonus (and hands his wife £3.2m)
Jeff Fairburn, chief executive of Persimmon, was awarded 963,020 shares as part of a controversial long-term bonus plan that has seriously damaged the housebuilder’s reputation.
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Currencies in USD
GBP 1,33 +0,602%
EUR 1,17 +0,944%
CHF 1,01 +0,594%
 Britain is top European country for app developers 14 Jun 4:57pm Britain is top European country for app developers
Figures from the US giant show that British developers have made more than £2bn overall from sales since the App Store was launched in 2008.
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 Air rage! Airport boss is fired in extraordinary bust-up over £30m shares and failed Flybe takeover 14 Jun 4:56pm Air rage! Airport boss is fired in extraordinary bust-up over £30m shares and failed Flybe takeover
Stobart Group, owner of Southend Airport, and its ex-boss Andrew Tinkler are suing each other in a spat that has dragged in some of the City’s biggest names, including fund manager Neil Woodford.
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 MARKET REPORT: Revolution cocktail bars shaken by 7% fall in its share price 14 Jun 4:51pm MARKET REPORT: Revolution cocktail bars shaken by 7% fall in its share price
In a downbeat trading statement, the 72-strong bar chain said March’s cold snap and the unusually hot recent weather led to ‘challenging and volatile’ trading in the past six months.
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 So much for independent! BT interferes at Openreach  14 Jun 4:51pm So much for independent! BT interferes at Openreach 
Ofcom, the regulator, yesterday said it was concerned by emails which showed the telecoms giant was still deeply involved in decision-making at its subsidiary.
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 IN THE MONEY: Bank of England governor Mark Carney took home almost £900,000 last year  14 Jun 4:50pm IN THE MONEY: Bank of England governor Mark Carney took home almost £900,000 last year 
Carney, 53, earned a base salary of £480,000, along with benefits such as insurance and a car allowance worth £252,254, and £147,153 towards his pension.
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 CITY DIARY: UBS sells City HQ to Victor Li, son of mega-wealthy property tycoon Sir Li Kash-ing 14 Jun 4:50pm CITY DIARY: UBS sells City HQ to Victor Li, son of mega-wealthy property tycoon Sir Li Kash-ing
UBS has sold its 13-storey City headquarters for £1bn to Victor Li, son of mega-wealthy property tycoon Sir Li Kash-ing. In 1996, Li, was forced to pay a £100m ransom after Victor was kidnapped by gangsters.
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 Rolls-Royce boss Warren East axes 4,600 desk jobs in bid to save £400m per year 14 Jun 4:50pm Rolls-Royce boss Warren East axes 4,600 desk jobs in bid to save £400m per year
Middle managers and office staff are being axed in the engineer’s biggest round of job cuts in almost two decades. About 3,000 jobs are expected to go in the UK, about 13 per cent of its total staff.
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 FTSE LIVE: Rolls-Royce restructure plan puts 4600 jobs at risk 14 Jun 12:53pm Updated FTSE LIVE: Rolls-Royce restructure plan puts 4600 jobs at risk
The FTSE 100 closed up 62.08 points at 7765.79 and the pound was at $1.33 against the dollar as investors digested an interest rate rise by the US Federal Reserve.
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 Rolls-Royce is set to axe up to 4,600 jobs over the next two years 14 Jun 10:28am Updated Rolls-Royce is set to axe up to 4,600 jobs over the next two years
Rolls-Royce has announced it is set to axe up to 4,600 jobs over the next two years as the engineering giant bids to slash £400million in annual costs.
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 Guide to leasehold property: How to check the lease, get it changed and challenge your freeholder 14 Jun 8:56am Guide to leasehold property: How to check the lease, get it changed and challenge your freeholder
This is Money asked Homeowners Alliance founder and chief executive Paula Higgins for her advice for leasehold property owners.
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 What is inheritance tax and how do people avoid paying it? 14 Jun 7:56am What is inheritance tax and how do people avoid paying it?
Rising numbers of estates are subject to inheritance tax and increasingly even those who don’t consider themselves wealthy find they are affected by it. But what is it and how does it work?
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 RBS boss hints the bank is closing branches to shed SME customers 14 Jun 7:46am RBS boss hints the bank is closing branches to shed SME customers
Small business customers at the RBS Group may be left scratching their heads after its chairman hinted it is closing branches in order to force them elsewhere - but here's what is going on.
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 British investors could be forced to sell their shares in Unilever 14 Jun 7:10am British investors could be forced to sell their shares in Unilever
The move comes after the consumer goods giant announced plans to call time on its Anglo-Dutch structure and shift its headquarters to the Netherlands.
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 Building society fat cats land £6.5m: Nationwide under fire over banker-style pay 14 Jun 6:55am Updated Building society fat cats land £6.5m: Nationwide under fire over banker-style pay
Campaigners said the lavish awards at Nationwide were at odds with its role as a mutual supposedly driven by a desire to help its 15.5m members rather than profit.
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 ONS: Royal wedding helped retail sales soar by 4% in May 14 Jun 6:39am Updated ONS: Royal wedding helped retail sales soar by 4% in May
Supermarkets said they saw a boom in sales as royal fans stocked up on fizz and party food to enjoy as they watched Prince Harry and Meghan exchange their vows.
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 Comcast bids $65bil for most of 21st Century Fox to undercut Disney 14 Jun 6:31am Comcast bids $65bil for most of 21st Century Fox to undercut Disney
Comcast made a $65billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company.
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 N Brown becomes next high street casualty as the Simply Be owner mulls axing its stores 14 Jun 6:04am Updated N Brown becomes next high street casualty as the Simply Be owner mulls axing its stores
Plus size fashion group N Brown is taking the axe to its store estate and could close all 20 of its shops, as 'very disappointing' footfall takes it toll on the firm.
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 RBS chairman hints the bank is closing branches in order to shed small business customers 14 Jun 5:28am Updated RBS chairman hints the bank is closing branches in order to shed small business customers
Small business customers at the RBS Group may be left scratching their heads after its chairman hinted it is closing branches in order to force them elsewhere - but here's what is going on.
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 Ofgem confirms the timeline for its price cap 14 Jun 5:25am Updated Ofgem confirms the timeline for its price cap
The price cap is set to help the 11 million consumers who pay for an expensive standard variable tariff by reducing their bills by up to £100 per year.
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 Where wealthier savers get the best savings rates as NS&I slashes deposit limits 14 Jun 5:07am Updated Where wealthier savers get the best savings rates as NS&I slashes deposit limits
NS&I has dealt wealthy savers a punishing blow by slashing the amounts they can squirrel away in its popular Guaranteed Growth Bonds from £1million to £10,000.
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 FTSE LIVE: Rolls-Royce announces restructure plan that puts 4600 jobs at risk 14 Jun 4:15am Updated FTSE LIVE: Rolls-Royce announces restructure plan that puts 4600 jobs at risk
The troubled engine maker Rolls-Royce has announced a wide ranging restructure that puts 4600 jobs at risk as it seeks to cut costs by £400m.
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 Number of homes coming up for sale slowly on the rise as house price growth remains sluggish 14 Jun 3:46am Number of homes coming up for sale slowly on the rise as house price growth remains sluggish
While the flow of homes coming onto the market has slightly increased, the number of homes on estate agents' books remains close to an all-time low at just 42, said Rics.
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 Investing Show: What is happening to house prices and the property market? 14 Jun 2:00am Investing Show: What is happening to house prices and the property market?
The property market is slowing and house price inflation has eased back but is this just being driven by London and the commuter belt?
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